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RIVN

Rivian Automotive Inc.'s (NASDAQ:RIVN) Illinois plant experienced its second fire accident in a week, causing damage to a semitrailer and the building's exterior. The fire led to a temporary evacuation due to air quality concerns. This incident follows another fire that occurred under a conveyor belt in the plant. Rivian's shares were down 1.4% in Tuesday's premarket hours. The company's plans for a new plant in Georgia are currently on hold to cut costs.

Portfolio Pulse from Anan Ashraf

April 30, 2024 | 11:08 am

SENS

Senseonics announced that its Eversense CGM System has received the integrated Continuous Glucose Monitoring (iCGM) designation from the FDA, marking a significant regulatory milestone.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:07 am

ALNY

Medison and Alnylam Pharmaceuticals have expanded their partnership to commercialize RNAi therapeutics in additional markets in Latin America (LATAM) and the Asia-Pacific (APAC) region, building on their existing collaboration in Europe and Israel.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:06 am

INCY

Incyte has reaffirmed its 2024 revenue guidance for Jakafi, projecting net product revenues of $2.69B-$2.75B. Additionally, the company expects other hematology/oncology net product revenues to be between $325M-$360M.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:04 am

LASE

Laser Photonics has introduced the CleanTech CR-3030, a new compact laser cleaning system, expanding its product lineup and potentially its market reach.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:02 am

ETON

Eton Pharmaceuticals, Inc. has submitted a New Drug Application (NDA) to the FDA for ET-400, a hydrocortisone oral solution aimed at treating rare diseases. The company anticipates a 10-month review period, with potential approval and market launch in Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:01 am

MX

Magnachip announced the expansion of its automotive product lineup with the introduction of a new 40V MXT MV MOSFET, aimed at enhancing the company's offerings in the automotive sector.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:56 am

PLL

Piedmont Lithium announced the shipment of approximately 15,500 dry metric tons (dmt) of spodumene concentrate in the first quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:51 am

META

MSFT

The 'GPT2-Chatbot' has recently gained attention for potentially outperforming OpenAI's GPT-4 in various tasks, including solving an International Math Olympiad problem and complex reasoning tasks. OpenAI CEO Sam Altman expressed a 'soft spot' for GPT2, hinting at its significance. Amidst speculation about its origins, some believe it could be an OpenAI creation, while others think it might come from a different entity. This development occurs as OpenAI prepares to launch GPT-5, expected to be a major upgrade over GPT-4, with Microsoft possibly integrating it into its Copilot Pro subscription. Meanwhile, Meta Platforms has introduced its Llama 3 model, claiming superior performance in benchmarks, though GPT-4 was not included in its comparisons.

Portfolio Pulse from Rounak Jain

April 30, 2024 | 10:38 am

NNVC

NanoViricides has announced the successful completion of its Phase I NV-387 clinical trial, with data lock anticipated in the near future. This marks a significant milestone for the company, potentially advancing its position in the development of treatments.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:34 am