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AMZN

During the AWS re:Invent keynote, CEO Adam Selipsky discussed cloud transformation and highlighted AWS's innovations in data, infrastructure, AI, and machine learning. These advancements are aimed at helping AWS customers reach their objectives more quickly and tap into previously unexploited potential.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 4:22 pm

CHRS

Coherus BioSciences, Inc. (NASDAQ: CHRS) and Shanghai Junshi Biosciences announced the publication of final overall survival results from the JUPITER-02 Phase 3 trial of LOQTORZI for nasopharyngeal carcinoma (NPC) in JAMA. The study showed a 37% reduction in the risk of death when LOQTORZI is combined with chemotherapy compared to chemotherapy alone. LOQTORZI is the first FDA-approved treatment for NPC and is set to be available in the U.S. in January 2024. The treatment is expected to become the new standard of care for NPC.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 4:18 pm

AMZN

Amazon Web Services (AWS) has announced the general availability of Amazon S3 Express One Zone, a new storage class designed to provide the highest performance and lowest latency for frequently accessed data. Customers and partners such as ChaosSearch, Cloudera, Colorfront, and Pinterest are already utilizing this new service.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 4:17 pm

PFE

Pfizer's CFO announced that the company is on track to present data on its oral weight loss drug by the end of the year, aligning with previous expectations.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 4:09 pm

AMZN

TDC

Teradata has launched Teradata AI Unlimited, a serverless AI/ML engine, in private preview on AWS, accessible through AWS Marketplace. This offering aims to facilitate AI innovation by providing data scientists and developers with robust tools for exploring and discovering new use cases at scale, cost-effectively. It features ClearScape Analytics, BYOM capabilities, and seamless integration with AWS services, including Amazon SageMaker. Users can access data in various formats and operationalize models in the VantageCloud production environment.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 4:03 pm

FFIE

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) announced receiving over 300 nonbinding no-deposit reservations for the FF 91 2.0 Futurist aiFalcon within 72 hours after their Middle East Strategy Launch Press Conference in Abu Dhabi. The company showcased the vehicle at the Yas Marina Circuit during the Abu Dhabi Formula 1 Grand Prix, which led to significant attention and on-site pre-order deposits from U.S. users. FFIE also announced strategic cooperation with Master Investment Group and Siraj Holding LLC, with Sheikh Abdullah bin Mohamed Al Qassimi and Ahmed Khalaf Al Otaiba joining FF's Global Advisory Committee to support business expansion in the Middle East. FFIE plans to solicit deposits after acquiring local regulatory sales licenses.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 4:02 pm

AMZN

CSCO

Cisco has enhanced its network assurance capabilities by integrating ThousandEyes with Amazon CloudWatch Internet Monitor. This collaboration provides comprehensive visibility into an application's service delivery path, including private environments, the public Internet, and AWS's network. Customers will gain operational insights and recommendations to optimize AWS-hosted applications and ensure superior digital experiences.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 4:02 pm

NVS

SDZNY

SDZXF

Novartis AG (NVS) has made progress in its pure-play strategy after spinning off its generics business, Sandoz Group AG (SDZNY, SDZXF), now a standalone company. Novartis focuses on four core therapeutic areas and technology platforms across key geographies. The company has upgraded its mid-term sales guidance to a 5% CAGR through 2027 and expects a core operating income margin of over 40% by 2027. Q3 sales were $11.78 billion, surpassing expectations, driven by strong performances from several key drugs. Despite this, investors remain cautious about post-2027 growth, awaiting pipeline results. NVS shares saw a slight decline in the latest trading session.

Portfolio Pulse from Vandana Singh

November 28, 2023 | 3:55 pm

AMZN

Amazon.com Inc (NASDAQ:AMZN) has shifted its healthcare strategy to offering discounted virtual doctor visits, moving away from previous ambitions to revolutionize American healthcare. The company has faced setbacks in healthcare ventures, discontinuing projects like Haven and Amazon Care, and scrapping its wearable health devices. Amazon's current healthcare approach involves One Medical, a primary-care chain it acquired, and PillPack, a mail-order pharmacy. Despite investments, Amazon has not significantly impacted the healthcare industry. Amazon also had a busy 2023 with 27,000 job cuts and restructuring, integrating AI technology across divisions. AMZN shares dropped by 0.89% to $146.42.

Portfolio Pulse from Anusuya Lahiri

November 28, 2023 | 3:41 pm

SRAD

Sportradar (SRAD) has announced a partnership with Sportsnet to deliver data-rich sports content to the Canadian market. This collaboration aims to enhance fan engagement by integrating Sportradar's comprehensive sports data and insights into Sportsnet's broadcasting and digital platforms. The partnership is expected to leverage Sportradar's expertise in sports data analytics to provide Canadian sports audiences with enriched experiences.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 3:39 pm