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ATHA

Athira Pharma, Inc. (NASDAQ:ATHA) has released results from its SHAPE Phase 2 clinical trial for fosgonimeton (ATH-1017), aimed at treating Parkinson's disease dementia and dementia with Lewy Bodies. The company specializes in developing small molecules to restore neuronal health and combat neurodegeneration.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 12:02 pm

F

Ford Motor Co. (NYSE:F) is reportedly reducing production of its F-150 Lightning electric pickup truck by about 50% for 2024 due to a demand slowdown. Gene Munster of Deepwater Asset Management attributes the cut to slowing EV demand, exacerbated by higher interest rates and underwhelming offerings compared to Tesla. Jim Cramer sees the move as a strategic shift towards more profitable hybrids, defending Ford's decision. Ford's stock saw a slight increase in premarket trading.

Portfolio Pulse from Shanthi Rexaline

December 12, 2023 | 11:54 am

INTC

Intel is set to host the 'AI Everywhere' event on December 14, where CEO Pat Gelsinger and other leaders will launch the 5th Gen Intel Xeon processors for data centers and Intel Core Ultra processors for laptops. The event will highlight Intel's advancements in powering AI workloads across various platforms.

Portfolio Pulse from Charles Gross

December 12, 2023 | 11:42 am

GSK

Japan's Ministry of Health, Labor and Welfare is reviewing an application from GSK to extend the indication of its RSV vaccine for adults aged 50-59 at increased risk. If approved, GSK would be the first to offer RSV vaccination to this age group in Japan.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 11:16 am

AAPL

TEAM

TSLA

Apple Inc. (AAPL) and Tesla Inc. (TSLA) are using X, formerly known as Twitter, to hire talent through direct messages (DMs). Apple's Jesse Chand and Tesla's Dar Sleeper have posted job listings on X, encouraging interested candidates to DM them. Atlassian Corp. (TEAM) is also using the platform for recruitment, with senior iOS engineer Ritesh Gupta seeking a Senior Android Engineer. Smaller companies, including blockchain firm GoPulse, are also adopting this hiring method. This trend highlights X's growing role as a recruitment platform under Elon Musk's ownership.

Portfolio Pulse from Rounak Jain

December 12, 2023 | 11:07 am

GE

The consortium of GE Vernova and MYTILINEOS has been awarded a £1 billion contract to build the UK's first high-capacity subsea link, Eastern Green Link 1 (EGL1), which involves constructing two High-Voltage Direct Current (HVDC) converter stations. The project is a joint venture between National Grid Electricity Transmission and SP Transmission.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 11:06 am

DIS

NFLX

Insider Intelligence forecasts that Netflix will surpass Disney+ in U.S. advertising revenue by 2024, driven by Netflix's upcoming price increases and measures to curb password sharing.

Portfolio Pulse from Charles Gross

December 12, 2023 | 11:05 am

MTLS

Materialise NV (MTLS), Proponent, and Stirling Dynamics have signed a letter of intent to collaborate on providing certified 3D-printed cabin solutions for aircraft. This partnership combines Materialise's expertise in 3D printing with Proponent's distribution network and Stirling Dynamics' certification capabilities to potentially enhance aircraft cabin components.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 11:02 am

AZN

ICVX

AstraZeneca Plc (NASDAQ:AZN) is set to acquire Icosavax Inc (NASDAQ:ICVX) for over $800 million, offering $15.00 per share plus up to $5.00 in contingent value rights upon meeting certain milestones. The acquisition, expected to close in Q1 of 2024, will give AstraZeneca access to experimental vaccines for respiratory diseases. Icosavax's Phase 2 study of IVX-A12 showed promising results against RSV and hMPV. AstraZeneca's stock rose 1.56% to $64.49, while Icosavax's shares jumped 45.95% to $15.31 in premarket trading.

Portfolio Pulse from Vandana Singh

December 12, 2023 | 10:55 am

GOOG

GOOGL

META

SNAP

A Pew Research Center survey found that YouTube and TikTok are the most popular social media platforms among U.S. teens, with Snapchat, Instagram, and Facebook following. Facebook and Twitter (now X) have seen a significant decline in teen usage over the past decade. The survey, conducted from Sept. 26 to Oct. 23 with 1,453 teens, also touched on concerns about TikTok's Chinese ownership and potential political content influence.

Portfolio Pulse from Ananya Gairola

December 12, 2023 | 10:50 am