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Lexaria Bioscience Corp. announced positive results from a human pilot study showing its DehydraTECH technology improved the oral delivery of the GLP-1 drug semaglutide, branded as Rybelsus. The study, conducted by a university research center, demonstrated that DehydraTECH-powered semaglutide achieved higher blood levels, better blood glucose control, faster peak drug delivery, and reduced side effects compared to the control. Lexaria is preparing for further studies to evaluate DehydraTECH's effectiveness with GLP-1 drugs.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 2:12 pm

TLRY

Tilray Brands, Inc. has expanded its cannabis beverage line with the introduction of RIFF BOOST, featuring two new THC and CBG-infused drink flavors. The drinks are now available in select regions in Canada. The company's stock, TLRY, traded higher in the pre-market session on the news. Additionally, Benzinga PotProfits highlighted potential growth in cannabis stocks, with Tilray's expansion being a part of the broader industry trend.

Portfolio Pulse from Jelena Martinovic

January 04, 2024 | 2:09 pm

RIOT

Riot Blockchain reported a decrease in Bitcoin production in December 2023 compared to the previous year, producing 619 Bitcoins versus 681 in December 2022, a 9% decline. However, the average net price per Bitcoin sold increased significantly by 151% YoY to $42,872. The company's deployed hash rate and number of miners increased by 27% and 28% respectively, while power and demand response credits saw a significant decrease.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 2:09 pm

AAPL

Apple Fitness+ is expanding its offerings with new features starting January 8, including a sound meditation theme, a workout program with golfer Rose Zhang, an Artist Spotlight series with music from USHER and other artists, and Time to Walk episodes on Apple Podcasts. The service is also accessible through Anytime Fitness memberships, and Apple is offering a limited-edition award for closing Activity rings. Fitness+ is available as a standalone subscription or part of the Apple One Premier plan, with various pricing options and included in certain Apple product purchases.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 2:06 pm

INDI

Ficosa and indie Semiconductor have entered into a joint global commercialization agreement to develop and commercialize automotive camera solutions with neural network-based AI processing. These solutions aim to provide best-in-class imaging and detection to meet the latest automotive safety regulations. The partnership expects to begin sampling its first smart camera solutions in 2024, with full-scale production anticipated by 2025.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 2:04 pm

PTON

Peloton Interactive Inc. (NASDAQ:PTON) has announced a partnership with TikTok to launch a new fitness hub, “#TikTokFitness Powered by Peloton,” featuring fitness videos and live classes. This move is part of Peloton's strategy to reach a broader customer base and reshape its brand identity, targeting a younger audience and aiming to boost app downloads and conversions. The collaboration follows Peloton's rebranding efforts and tiered pricing strategy for its app, amidst declining sales, profits, and membership.

Portfolio Pulse from Benzinga Neuro

January 04, 2024 | 2:01 pm

QCOM

Qualcomm has announced the release of its Snapdragon XR2+ Gen 2 platform, which is an update to its extended reality (XR) hardware. This new platform is expected to enhance user experiences in virtual, augmented, and mixed reality applications by providing improved performance and power efficiency.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 2:01 pm

QCOM

Qualcomm Technologies, a subsidiary of Qualcomm Inc (NASDAQ:QCOM), has announced the Snapdragon XR2+ Gen 2 Platform, which offers enhanced visual fidelity for AR and VR experiences. The new platform boasts a 15% higher GPU frequency and a 20% higher CPU frequency compared to its predecessor, supporting 4.3K spatial computing at 90 fps. It can handle 12 or more concurrent cameras for advanced tracking capabilities. Qualcomm collaborates with Samsung and Google to deliver top-tier XR experiences for Galaxy users. QCOM's stock saw a slight decrease of 1.01% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

January 04, 2024 | 2:00 pm

SILO

Silo Pharma has announced its intention to submit a pre-IND (Investigational New Drug) application to the FDA in the first quarter of 2024. This decision is based on preclinical data and collaborative efforts with Columbia University. The submission will mark a significant milestone for the company as it progresses towards potential clinical trials for its drug candidates.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 1:55 pm

ABBV

AbbVie has entered into a strategic collaboration with Umoja Biopharma to develop novel in-situ CAR-T cell therapies for oncology. The partnership will combine Umoja's VivoVecTM gene delivery platform with AbbVie's oncology expertise to create CAR-T cell therapy candidates that are generated within the body.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 1:46 pm