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SYK

Stryker shares are trading higher after the company announced it received FDA clearance and launched its Pangea plating system to enhance trauma care.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 6:01 pm

LUMN

MSFT

Lumen Technologies (NYSE:LUMN) shares surged 88.4% after announcing $5 billion in new business, driven by demand for fiber capacity due to AI. The company plans to double its intercity network miles and has partnered with Corning for next-gen fiber-dense cable. Lumen is also working with Microsoft (NASDAQ:MSFT) to secure an additional $7 billion in potential sales opportunities.

Portfolio Pulse from Dylan Berman

August 06, 2024 | 5:50 pm

CARS

STLA

AccuTrade, a solution by Cars Commerce Inc. (NYSE:CARS), has been certified by Stellantis Digital as a trade and appraisal solution for over 2,500 U.S. retailers. This certification aims to enhance vehicle acquisition efficiency and profitability for Chrysler, Dodge, Jeep, Ram, and Fiat retailers. AccuTrade's advanced technology offers accurate appraisals, direct consumer inventory access, and seamless integration with dealer websites.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:49 pm

NVS

RARE

TMO

VTRS

The family of Henrietta Lacks has filed a federal lawsuit against Novartis AG and Viatris Inc, alleging unlawful use of HeLa cells for drug development without compensation. The lawsuit follows similar actions against other companies, highlighting historical exploitation in medical research.

Portfolio Pulse from Vandana Singh

August 06, 2024 | 5:48 pm

SAVA

Market whales have taken a significant interest in Cassava Sciences (NASDAQ:SAVA) options, with a mix of bullish and bearish sentiments. The options activity suggests a price range of $20.0 to $40.0. Cassava Sciences is currently trading at $27.58, down by 21.38%, with an anticipated earnings release in 2 days.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 5:45 pm

SGMO

Sangamo Therapeutics (NASDAQ:SGMO) shares surged after announcing a license agreement with Genentech to develop genomic medicines for neurodegenerative diseases. The deal includes $50 million in upfront fees and potential milestones up to $1.9 billion.

Portfolio Pulse from Erica Kollmann

August 06, 2024 | 5:39 pm

BIDU

MU

NVDA

Chinese tech giants Huawei and Baidu are increasing their purchases of Samsung's high bandwidth memory (HBM) semiconductors in anticipation of new U.S. export restrictions. This move comes as the U.S. plans to introduce an export control package targeting China's semiconductor industry. Baidu's stock has seen a 44% decline over the past year, while Micron Technology has already ceased selling HBM products to China due to previous sanctions. Nvidia continues to develop AI chips compliant with U.S. regulations.

Portfolio Pulse from Anusuya Lahiri

August 06, 2024 | 5:39 pm

LUMN

PLTR

Jim Cramer praised Palantir Technologies Inc (PLTR) for proving the AI story is real, highlighting its strong Q2 performance with a 27% revenue increase and significant growth in customer count. Lumen Technologies Inc (LUMN) also secured $5 billion in new AI-related business. Cramer criticized journalists for downplaying AI's impact and emphasized that recent earnings reports show continued investment in AI development.

Portfolio Pulse from Adam Eckert

August 06, 2024 | 5:37 pm

PEP

PepsiCo Beverages North America is investing in a new warehouse and distribution center in Smyrna, Tennessee, to enhance its operations in the Greater Nashville area.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:36 pm

MSFT

OpenAI has introduced a new feature called Structured Outputs in its API, ensuring that model-generated outputs conform exactly to developer-supplied JSON schemas. This feature addresses the limitations of previous models and improves the reliability of generating structured data from unstructured inputs. The new model, gpt-4o-2024-08-06, scores a perfect 100% in following complex JSON schemas, compared to less than 40% for gpt-4-0613.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:35 pm