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AFMD

Affimed announced that the FDA has granted Fast Track Designation to its combination therapy AFM24 with Atezolizumab for treating advanced and/or metastatic EGFR wild-type non-small cell lung cancer (NSCLC). Data from the AFM24-102 study will be presented at the American Society of Clinical Oncology meeting on June 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:32 am

INFY

Infosys has announced a partnership with the French Tennis Federation (FFT) to introduce several AI-first innovations for Roland-Garros 2024, marking the sixth year of their collaboration.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:21 am

SSNLF

Samsung Electronics' union in South Korea has declared its first-ever strike, demanding higher wages and fair treatment. The strike is set to take place on June 7 and is expected to impact all of Samsung's sites in South Korea. This comes at a challenging time for Samsung, which is facing issues with its AI chips and increased competition from SK Hynix.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 10:20 am

ZEPP

LiveX AI has announced a transformative partnership with Zepp Health to enhance the customer experience on Zepp Health's Amazfit website.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:19 am

PDCO

Wellfit Technologies, Inc. has announced a partnership with Patterson Companies Inc.'s Patterson Dental and the launch of the Carepay+ solution, powered by Wellfit.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:04 am

WST

West Pharmaceutical announced the unveiling of its new Daikyo Crystal Zenith Nested Vials in Tub at the International Society for Cell and Gene Therapy Annual Meeting in Vancouver, Canada.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:03 am

MOD

Modine has announced a collaboration with RYDE Racine to support sustainable mobility solutions across the city of Racine.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:01 am

CPB

Campbell Soup Company (NYSE:CPB) announced a strategic revamp of its supply chain, including the closure of the Tualatin plant and changes at the Jeffersonville plant, impacting 415 jobs. The company will invest $230 million in newer facilities, creating 210 new roles. CPB shares closed 2.47% lower at $44.22.

Portfolio Pulse from Shivani Kumaresan

May 29, 2024 | 9:59 am

BABA

JD

LNVGY

Lenovo Group Ltd. (OTC:LNVGY) will issue $2 billion in zero-coupon convertible bonds to Saudi Arabia's Public Investment Fund. The bonds will convert at a 12% discount to Lenovo's share price and represent about 12% of current capital upon maturity. Lenovo plans to establish an R&D center in Riyadh and expand production in the region. This move aligns with the PIF's strategy to diversify Saudi Arabia's economy and increase investments in Asian tech firms.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 9:45 am

AMZN

GOOG

GOOGL

META

MSFT

NVDA

TSLA

Nvidia Corp. (NASDAQ:NVDA) shares surged, boosting its market cap to over $2.8 trillion. Fund manager Louis Navellier highlighted Nvidia's significant gains and its role as a leader in AI. The 'Fantastic 5' tech giants, including Nvidia, Meta Platforms, Microsoft, Amazon, and Alphabet, have reached unprecedented valuations due to the AI boom. Despite Nvidia's high valuation, Navellier does not see it as a bubble, citing strong earnings growth. Nvidia's forward P/E ratio is 41.49, lower than Tesla's 71.94. Nvidia fell 0.69% in premarket trading on Wednesday.

Portfolio Pulse from Shanthi Rexaline

May 29, 2024 | 9:44 am