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ADAG

Adagene is set to present interim results of its anti-CTLA-4 SAFEbody ADG126 (muzastotug) in combination with Pembrolizumab for MSS CRC at the ASCO 2024 Gastrointestinal Cancers Symposium.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 10:03 am

MSFT

Microsoft Corp. (NASDAQ:MSFT) has introduced a dedicated Copilot key on Windows PC and laptop keyboards, aiming to make 2024 the 'year of AI PC'. The Copilot key, which replaces the menu key, offers instant access to the AI-powered Windows Copilot experience. Microsoft is integrating AI across its products, including Windows, Office, Edge, Bing, and GitHub. The new key will be featured on new Windows 11 PCs, including Surface devices, starting later this month, with more details expected at the Consumer Electronics Show.

Portfolio Pulse from Rounak Jain

January 04, 2024 | 9:43 am

AMZN

Twitch, owned by Amazon (NASDAQ:AMZN), updated its sexual content policies to ban streamers from implying nudity, even when fully clothed. The policy, effective immediately, prohibits actions like covering body parts suggestively or using censor bars. Twitch is also developing a feature to blur thumbnails and allow users to filter out streams with sexual themes. This follows a December policy change that was partially reversed after community backlash.

Portfolio Pulse from Benzinga Neuro

January 04, 2024 | 9:01 am

AAPL

Elon Musk discussed the challenges SpaceX faces in providing Starlink satellite service for mobile phones, specifically the need for Doppler Shift Compensation (DSC) to emulate cell towers. Despite the technical hurdles, Musk is confident in the physics that would allow for 'Direct-to-cell' connectivity. Starlink's expansion to mobile could significantly increase its customer base, especially in remote areas without reliable cell or broadband services. Apple Inc. has also utilized satellite connectivity for emergency SOS services.

Portfolio Pulse from Rounak Jain

January 04, 2024 | 8:49 am

BABA

PDD

Alibaba Group Holding Ltd (NYSE:BABA) faces a challenging future as its shares have dropped 75% from their 2020 high, now trading below $77. The company was fined $2.8 billion for monopolistic practices in 2021 and has recently canceled the IPO of its cloud computing unit. This has led to a decrease in U.S. market value, falling below that of competitor PDD Holdings Inc (NASDAQ:PDD). Alibaba's cloud business is also losing market share to Huawei Technologies Co., and the company faces a tough IPO market for its logistics and grocery store chains.

Portfolio Pulse from Benzinga Neuro

January 04, 2024 | 8:27 am

BTDR

UBS predicts a significant expansion in the AI industry, forecasting a growth from $2.2 billion in 2022 to $225 billion by 2027, a 152% CAGR. AI sector revenue is expected to increase 15-fold, from $18 billion to $420 billion, with a 138% CAGR in the application sector. AI infrastructure spending is also projected to grow, benefiting hardware chips and GPUs used in AI training. Despite concerns over regulatory rhetoric, early rule implementation may be advantageous. The tech industry is experiencing 'peak AI hype,' with investors looking for returns on AI investments.

Portfolio Pulse from Benzinga Neuro

January 04, 2024 | 8:09 am

TNGX

Medivir AB announced that its licensee, Tango Therapeutics, has dosed the first patient with TNG348, a novel USP1 inhibitor for treating various HRD+ cancers. The FDA cleared the Investigational New Drug application for TNG348 in September 2023. TNG348 targets up to 50% of ovarian, 25% of breast, 10% of prostate, and 5% of pancreatic cancers with HRD+ including BRCA1/2 mutations. Tango is developing TNG348 based on a preclinical USP1 program licensed from Medivir in 2020.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 7:59 am

FFIE

Faraday Future (FFIE) hosted a delegation of Chinese automotive suppliers at its LA headquarters to discuss cooperation opportunities. The meeting included representatives from Shanghai Yida Air Conditioning, Shanghai Suce Software, Lucky Yundu Auto, Zhi Xing Automotive Technology, and Kunshan Guoli Yuantong New Energy Technology. The discussions focused on smart electric vehicle supply chains to China.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 7:20 am

JNPR

Juniper Networks has implemented its AI-driven wireless solutions at National Chi Nan University (NCNU), enhancing the networking experience for students and staff and fostering a transformative learning environment.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 7:10 am

PPIH

Perma-Pipe International (PPIH) has been accepted into QatarEnergy's Tawteen Program, which focuses on supply chain localization for Qatar's energy sector. PPIH will provide pre-insulated piping systems, custom fabrication, and 3-layer polyethylene coatings for QatarEnergy projects.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 6:40 am