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MSCI

MSCI Inc. has signed an agreement to acquire Fabric, a wealth technology platform. Fabric offers portfolio design and analytics for wealth managers and advisors, complementing MSCI's investment portfolio solutions. The acquisition aims to bring customization at scale to the global wealth management industry, enhancing MSCI's existing tools and accelerating new functionalities. The financial impact of the transaction is not expected to be material to MSCI, and the terms were not disclosed. The deal is expected to close next quarter.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:08 pm

BTBT

NVDA

SMCI

Bit Digital has received an initial batch of servers equipped with Nvidia HGX H100 GPUs from Super Micro Computer. The company expects the remaining 103 servers by the first week of January 2024 and plans to deploy them in Iceland in January 2024. Additionally, Bit Digital has amended its agreement to include a three-month prepayment from its customer.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:07 pm

RLYB

Rallybio Corporation (NASDAQ:RLYB) announced positive preliminary Phase 1 results for RLYB116, a subcutaneous inhibitor of complement component 5, showing over 93% reduction in free C5, suggesting potential as a treatment for generalized myasthenia gravis and other diseases. The company also reported an extension of its cash runway to Q3 2025, focusing on manufacturing enhancements for RLYB116 and advancing RLYB212 for fetal and neonatal alloimmune thrombocytopenia.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:07 pm

EQNR

SHEL

Equinor ASA (EQNR) and Shell PLC (SHEL) have made a Final Investment Decision for Sparta, a deep water development in the Gulf of Mexico. Shell owns 51% and Equinor 49% of Sparta, which is expected to produce 90,000 boe/d at peak and begin production in 2028. Sparta will be Shell's 15th deep-water host in the region and will feature all-electric topside compression equipment. Equinor's Q3 2023 production in the Gulf was 149,000 boe/d. SHEL shares are up 0.58% premarket.

Portfolio Pulse from Lekha Gupta

December 20, 2023 | 1:06 pm

NKLA

Nikola Corporation (NKLA) and FirstElement Fuel (FEF) have entered into a 10-year strategic partnership to advance hydrogen fueling infrastructure. FEF will become an authorized Nikola Fueling Solutions Partner, providing fueling services at a new station in Oakland, California, with a capacity of 200 trucks per day. This station is part of Nikola's strategy to deploy zero-emissions trucks near Maritime Ports in California and is funded by the California Energy Commission. Nikola aims to develop up to 60 stations, including mobile and permanent HYLA branded stations, customer-owned stations, and public truck stops. The partnership aligns with California's carbon emission reduction goals and Nikola's broader strategy to establish a robust hydrogen supply chain and refueling ecosystem.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:06 pm

TSLA

Tesla Inc's executive Rohan Patel has called U.S. Senator Richard Blumenthal's criticism of Tesla's autopilot features 'misinformed' and has invited him to meet with Tesla's safety teams. Blumenthal has called for an investigation into Tesla, citing risks posed by the vehicles and a record of crashes and injuries. Patel defends autopilot, citing data showing it saves lives. This follows a recent recall of over 2 million Tesla vehicles for a software update to address issues identified by the NHTSA.

Portfolio Pulse from Anan Ashraf

December 20, 2023 | 1:06 pm

MYGN

Myriad Genetics, Inc. has launched the Myriad Collaborative Research Registry (MCRR), formerly known as the Precise Treatment Registry. The MCRR is a comprehensive pan-cancer registry with data from over one million patients, encompassing germline and tumor testing results from Myriad's cancer products. This registry is one of the largest of its kind and is freely available for research to promote clinical data sharing and advance the field of precision medicine.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:03 pm

RXRX

Recursion Pharmaceuticals has partnered with Enamine to create screening libraries using Recursion's MatchMaker protein-ligand interaction predictions. These libraries will be designed from Enamine's vast library of 36 billion compounds, focusing on up to 100 biological targets. Enamine will have the option to sell these libraries to customers and will co-brand them under both Enamine and MatchMaker trademarks.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:01 pm

FICO

FICO, a global analytics software leader, has been granted 10 new patents related to digital decisioning, fraud detection, machine learning, and responsible AI. These patents enhance FICO's capabilities in AI and decision management, contributing to its portfolio of 223 active patents and 73 pending applications. The innovations are expected to benefit enterprises using FICO's software solutions for digital transformation initiatives.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:01 pm

MSFT

Bill Gates, co-founder of Microsoft Corp. (NASDAQ:MSFT), expressed optimism about AI's role in healthcare breakthroughs. He highlighted five areas where AI could have a significant impact: combating antibiotic resistance, personalized tutoring, treating high-risk pregnancies, assessing HIV risk, and improving access to medical information. Despite global challenges, Gates believes AI will accelerate research and innovation, particularly in healthcare.

Portfolio Pulse from Rounak Jain

December 20, 2023 | 12:57 pm