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PDD

Chinese e-commerce platform Temu, which is part of Pinduoduo Inc. (PDD), is reportedly planning to purchase multiple Super Bowl advertisements. This move is seen as an aggressive marketing strategy to expand its presence in the US market.

Portfolio Pulse from Charles Gross

November 28, 2023 | 10:23 pm

OLMA

Olema Oncology announced it will present new clinical data on Palazestrant in combination with CDK4/6 inhibitors at the 2023 San Antonio Breast Cancer Symposium. This could indicate progress in their treatment development for breast cancer.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 10:11 pm

ARVN

PFE

Arvinas and Pfizer are set to present updated clinical trial data for Vepdegestrant (ARV-471), a novel oral estrogen receptor degrader, at the 2023 San Antonio Breast Cancer Symposium. The drug is being studied for the treatment of ER+/HER2- breast cancer.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 10:07 pm

TUYA

Tuya Inc. expects a gradual recovery in demand for discretionary consumer electronics in Q4. The company, which provides a cloud platform for smart devices, has faced challenges due to the global economic slowdown affecting consumer spending. Tuya's anticipation of improved demand suggests potential for increased revenue and growth in the coming quarter.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:52 pm

PSNL

Personalis, Inc. and Tempus have entered into a strategic collaboration to advance cancer testing. Tempus will provide up to $12 million to Personalis to fund clinical evidence development for NeXT Personal Dx. In return, Personalis will compensate Tempus for services and grant warrants for about 9.2 million shares of Personalis' common stock over 24 months.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:28 pm

SQ

Block, Inc. (NYSE:SQ) shares rose after reporting a 14% increase in transactions over Black Friday and Cyber Monday, reaching 70 million. Key highlights include a 15% rise in in-person shopping and restaurant transactions, a 31% increase in activated subscriptions, and significant growth in Buy Now, Pay Later (BNPL) transactions, with Afterpay's growing by 19% and Square sellers' by 47%.

Portfolio Pulse from Ryan Gustafson

November 28, 2023 | 9:18 pm

AMZN

NTAP

NetApp (NASDAQ:NTAP) announced a significant performance enhancement for Amazon FSx for NetApp ONTAP at re:Invent, offering up to nine times higher storage performance. This enables customers to efficiently run high-performance applications on AWS. The scale-out file systems support a range of workloads, including HPC, EDA, VFX, and machine learning. The new capabilities provide up to 36GB/s throughput and 1.2 million SSD IOPS, with improved scalability and management features. These enhancements are now available in select AWS regions.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:15 pm

DIS

At a town hall, Disney CEO Bob Iger discussed challenges since his return, emphasizing optimism and the need for quality over quantity in content creation. He mentioned potential asset sales for efficiency and future health of the business. ESPN plans to launch a streaming platform by 2025. Disney shares are currently trading at $92.95, up 7% YTD.

Portfolio Pulse from Chris Katje

November 28, 2023 | 9:00 pm

GE

ICAD

iCAD Inc. shares have risen following the announcement that its AI-powered solutions from the ProFound Breast Health Suite are now integrated with GE HealthCare's new product offering.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:00 pm

NVS

Novartis has reported that there is no identified causal relationship between its cancer treatment, Kymriah, and secondary malignancies, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 8:56 pm