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BA

Boeing shares are declining due to reports of structural cracks found in 777X test jets.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 6:45 pm

RDY

Dr. Reddy's Laboratories, Aurigene Pharmaceutical Services, and Kainomyx have signed a non-binding MoU to jointly develop an affordable anti-malarial drug. This partnership combines Kainomyx's drug discovery expertise, Aurigene's drug development capabilities, and Dr. Reddy's commercialization strength, aiming to address malaria in low- and middle-income countries, as well as the US and Europe.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 6:43 pm

BA

Boeing discovered structural cracks in its 777X test jets, leading to a 5% drop in its stock price. The company has grounded its test fleet to address the issue, impacting its delivery timeline.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 6:36 pm

SONY

SPOT

Spotify has reported a 395% increase in anime music streams since 2021 and has partnered with Crunchyroll to enhance its Anime hub. This collaboration aims to capitalize on the growing interest in anime music, with Crunchyroll providing curated playlists and a podcast. The anime industry is experiencing significant growth, both globally and in Japan.

Portfolio Pulse from Franca Quarneti

August 20, 2024 | 6:32 pm

TM

TSLA

Toyota plans to test a Tesla-style EV gigacasting machine at its Japan plant this year, with the Lexus LF-ZC EV launch in 2026. The machine will deliver 9,000 tonnes of clamping pressure.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 6:31 pm

DIS

Disney has cancelled the Star Wars series 'The Acolyte' after its first season due to poor audience ratings, despite strong initial viewership. The decision may be influenced by criticism of the show's content. Disney continues to expand the Star Wars universe with upcoming series and films.

Portfolio Pulse from Chris Katje

August 20, 2024 | 6:28 pm

TTWO

Take-Two Interactive Software, the parent company of Gearbox, announced at Gamescom that Borderlands 4 is in development and expected to release in 2025. This news could positively impact Take-Two's stock as the Borderlands franchise is popular and could drive future revenues.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 6:25 pm

RR

Richtech Robotics Inc. (NASDAQ:RR) shares surged 43% after announcing the installation of its ADAM humanoid drink robot at a Walmart in Rockford, Illinois. This marks the second installation in a planned rollout across 240 One Kitchen locations in the U.S., potentially generating new revenue streams.

Portfolio Pulse from Erica Kollmann

August 20, 2024 | 6:22 pm

MSFT

OpenAI has partnered with Condé Nast to feature content from brands like Vogue, The New Yorker, and GQ in its ChatGPT and SearchGPT prototype. This collaboration aims to test new search features for faster, intuitive information access with direct links to news stories, and plans to integrate these enhancements into ChatGPT.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 6:10 pm

AZN

NVO

A study published in JAMA Network Open suggests a potential link between Novo Nordisk's GLP-1 drugs, Ozempic and Wegovy, and increased suicidal thoughts. The study found a higher incidence of suicidal ideation with semaglutide compared to other medications, though the overall rate was small. The study did not find an increased rate of severe behaviors like suicide attempts. The findings suggest a possible interaction with psychiatric conditions, warranting further investigation. Novo Nordisk's stock saw a slight decline following the news.

Portfolio Pulse from Vandana Singh

August 20, 2024 | 6:06 pm