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NDRA

Endra Life Sciences has been granted a new US patent for its TAEUS system technology. The patent covers a unique thermoacoustic probe design that incorporates an optical transducer and an integrated wedge. This innovation is expected to enhance the capabilities of the TAEUS system, which is used for assessing human tissue composition and function.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:05 pm

ARQT

The FDA has accepted Arcutis Biotherapeutics' supplemental New Drug Application for Roflumilast Cream 0.15% to treat atopic dermatitis in adults and children aged 6 and above. This acceptance indicates a regulatory milestone for Arcutis, potentially expanding the use of Roflumilast Cream beyond its current indications.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:04 pm

SPEC

Spectaire Holdings Inc. (NASDAQ:SPEC), a company specializing in air quality monitoring and emissions reduction services, has announced the shipment of its first commercial units. These units were produced in collaboration with manufacturing partner Columbia Tech, a subsidiary of Coghlin Companies. This marks a significant milestone for Spectaire as it transitions from development to commercial operations.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:02 pm

KTTA

Pasithea Therapeutics Corp. (NASDAQ:KTTA) has received positive feedback from the FDA on its clinical development plan for PAS-004, a treatment for CNS disorders. The FDA recommended starting dosing in patients rather than healthy volunteers. PAS-004 has orphan drug designation for NF1 treatment since November 2020.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:00 pm

F

TSLA

A study cited by the Wall Street Journal suggests that the average price of electric vehicles (EVs) in the U.S. will drop below that of combustion engine vehicles by next year. This trend is already observed in China, Europe, and India. Ford Motor Co has paused its $12 billion EV funding due to high costs and customer reluctance to pay a premium. Tesla's CEO Elon Musk has expressed concerns about high EV costs and the impact of interest rates on monthly payments, despite price reductions.

Portfolio Pulse from Anan Ashraf

November 29, 2023 | 12:55 pm

GME

GameStop Corp. (NYSE:GME) shares surged in premarket trading on Wednesday after a significant rally the previous day, closing up 13.27% at $13.49. The momentum continued with an 11.56% increase to $15.05 in premarket trading. The rise is partly attributed to strong Cyber Monday sales, which is favorable for GameStop as a retailer of video games and consumer electronics. Despite a broader downtrend since early 2021 and after Ryan Cohen's appointment as CEO, the stock is showing signs of revival. GameStop is set to report Q3 results on December 5, and there is a noted increase in bullish call options activity.

Portfolio Pulse from Shanthi Rexaline

November 29, 2023 | 12:51 pm

AMZN

NVDA

Amazon Web Services (AWS) has announced new generative AI features for Amazon Connect, its cloud-based contact center service. These features, powered by Amazon Bedrock, are designed to improve customer service and reduce operational costs. Key updates include AI-generated responses for agents, call summaries, sentiment analysis, policy compliance checks, and unified customer profiles. AWS has also expanded omnichannel capabilities with two-way SMS and in-app voice calling with video support. AWS CEO Adam Selipsky highlighted AWS's AI advancements at AWS re:Invent 2023, mentioning the Bedrock platform's global client base, the new Trainium 2 chip, and the Graviton 4 chip. AWS is also collaborating with Nvidia Corp to enhance AI model training. Amazon's stock (AMZN) saw a slight increase in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 29, 2023 | 12:38 pm

VVOS

Vivos Therapeutics, Inc. has received FDA 510(k) clearance for its CARE oral appliances, designed to treat severe obstructive sleep apnea in adults. This includes the DNA, mRNA, and mmRNA oral appliances, marking a significant milestone for the company in the medical device and technology sector.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 12:32 pm

IE

Ivanhoe Electric Inc. (NYSE:IE) and Saudi Arabian Mining Company Ma'aden have initiated joint venture exploration activities in Saudi Arabia. The 50/50 joint venture aims to explore approximately 48,500 km2 of land on the Arabian Shield, provided by Ma'aden, to tap into the region's significant mineral potential.

Portfolio Pulse from Charles Gross

November 29, 2023 | 12:20 pm

HROW

Harrow Health, Inc. has successfully completed the transfer of the New Drug Application (NDA) for Triesence, a synthetic corticosteroid used to treat various ocular inflammatory conditions, to its own portfolio.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 12:14 pm