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GSK

GSK plc (NYSE:GSK) announced that Nucala, its treatment for severe eosinophilic asthma, has been approved by the China National Medical Products Administration for use in adults and adolescents aged 12 and older. This marks the first approval in China for an anti-Interleukin-5 (IL-5) therapy for this patient group.

Portfolio Pulse from Charles Gross

January 10, 2024 | 9:57 am

MSFT

TSLA

Microsoft Corp has developed a new battery material that uses 70% less lithium, which intrigued Tesla CEO Elon Musk. The material, created in collaboration with Pacific Northwest National Laboratory, also includes sodium and aims to reduce battery costs and fire risks. Advanced AI and computing were used to identify potential materials, with 23 candidates found. Musk has emphasized the importance of affordability in EV adoption, noting that high battery costs make EVs more expensive than traditional vehicles.

Portfolio Pulse from Anan Ashraf

January 10, 2024 | 9:47 am

AAPL

META

SONY

Mark Gurman, a tech analyst, has expressed doubts about Apple Inc. offering multiple storage options for its upcoming mixed reality headset, Vision Pro, due to initial supply limitations and lack of consumer preference data. This speculation arises as Apple prepares to compete with Meta Platforms' Quest 3 and Sony Corp.'s new mixed reality headset, with the Vision Pro launch set for February.

Portfolio Pulse from Sudhanshu Singh

January 10, 2024 | 9:23 am

IDCC

PCRFY

InterDigital, Inc. has renewed its patent license agreements with Panasonic Entertainment & Communication Co., Ltd. The renewals extend Panasonic's license under InterDigital's HEVC patents and its digital TV license under InterDigital's joint licensing program with Sony. Financial terms of the agreements were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 9:03 am

VFS

VinFast Auto (NASDAQ:VFS) unveiled its electric pickup truck concept, the VF Wild, at CES 2024. The mid-size truck features a flexible bed size, panoramic glass roof, and digital side mirrors. It was developed with Gomitiv and follows a leadership change with founder Pham Nhat Vuong as CEO. VinFast has signed agreements with five U.S. dealers to boost sales, marking its retail operations start in the U.S. The VF Wild aligns with VinFast's mission to offer sustainable EVs and enters the electric pickup market.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 8:54 am

ALVO

STADA and Alvotech have received European Commission marketing authorization for Uzpruvo (AVT04), the first ustekinumab biosimilar to Stelara, in the European Economic Area. The authorization allows for market entry post-July 2024, after the expiry of Stelara's European Supplementary Protection Certificate.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 8:36 am

MSFT

Humane, a startup founded by Apple veterans, has laid off 4% of its workforce, affecting ten employees, ahead of the launch of its first product, the AI Pin. The AI Pin, a wearable AI-powered device, is set to ship in March and has been recognized as one of Time Magazine's 'Best Inventions of 2023.' The company has raised $230 million from investors including Microsoft Corp. (NASDAQ:MSFT), and is undergoing an organizational refresh as it prepares for growth.

Portfolio Pulse from Rounak Jain

January 10, 2024 | 8:18 am

AAPL

Apple Inc has removed several global cryptocurrency exchanges, including Binance, Kucoin, and OKX, from its App Store in India. This action follows a warning from India's finance ministry for non-compliance with anti-money laundering regulations. The exchanges are accused of unlawful operations due to non-adherence to local tax laws. While these apps are still available on Google's Play Store and their websites remain accessible in India, Apple's move reflects compliance with the government's crackdown on digital asset service providers.

Portfolio Pulse from Arpit Nayak

January 10, 2024 | 7:38 am

GM

HMC

Honda Motor Co's CEO Toshihiro Mibe announced a delay in the deployment of self-driving cars in central Tokyo, pushing the expected launch from 2026 to the late 2020s. This delay affects the joint venture with General Motors Co and its autonomous vehicle unit Cruise, which had planned to deploy Cruise Origin AVs without manual controls in Tokyo by early 2026. The delay follows a suspension of Cruise's autonomous vehicle operations in San Francisco by the California DMV over safety concerns, leading to a temporary pause in Origin AV production.

Portfolio Pulse from Anan Ashraf

January 10, 2024 | 7:31 am

SNAP

Snap Inc. CEO Evan Spiegel criticized rival social media platforms in a leaked memo, declaring 'Social Media is Dead. Long Live Snapchat!' He outlined a strategic plan for 2024 to address stagnant growth, focusing on user expansion in developed markets, an iOS-centric approach, improved ad targeting, and AR product development. The memo comes after several quarters of flat revenue growth and recent layoffs, signaling a pivotal moment for Snap's future direction.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 7:28 am