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The U.S. has announced a new partnership with the Philippines aimed at exploring opportunities within the semiconductor supply chain, according to a statement cited by Reuters. This move is part of broader efforts to secure the semiconductor supply chain amid global shortages and geopolitical tensions.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:47 pm

APLM

BABA

CSCO

Apollomics Inc. (APLM) shares surged 127% after announcing the first approval of Vebreltinib for MET Exon 14 Skip Non-Small Cell Lung Cancer. Cisco Systems, Inc. (CSCO) shares fell 16% following a cut in FY24 guidance and Q2 adjusted EPS and revenue guidance below estimates. Alibaba Group Holding Limited (BABA) shares dropped 9% after reporting Q2 financial results.

Portfolio Pulse from ryanfaloona@benzinga.com

November 16, 2023 | 1:45 pm

AAPL

META

Eric Alexander, CEO of VR music platform Soundscape, expressed a preference for Apple Inc.'s Vision Pro headset over Meta Platforms Inc.'s Quest lineup in an interview with Benzinga. He believes the Quest is suitable for kids and price-sensitive individuals, but not for users seeking the best graphics and immersive experiences. Alexander praised Apple's Vision Pro for its display capabilities and attention to detail in product design. Meta's Quest 3 is priced at $499, while Apple's Vision Pro is $3,499. Meta CEO Zuckerberg has downplayed competition with Apple, focusing on accessibility over high-priced devices.

Portfolio Pulse from Ananya Gairola

November 16, 2023 | 1:45 pm

AIRG

Airgain, Inc. (NASDAQ:AIRG) has announced a new distribution agreement with Logic Wireless to expand its market reach into Australasia, including Australia, New Zealand, and the Pacific Islands. Logic Wireless, part of CSE Global, specializes in business-critical communication solutions and will now offer Airgain's wireless connectivity products, such as asset trackers, antennas, and 5G devices, to meet the growing demand in these regions. This partnership aligns with Airgain's strategy to increase its global footprint and provides access to key verticals in the region.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:40 pm

GMM

Global Mofy Metaverse Limited (NASDAQ:GMM) has been accredited for iQIYI's Leap Project and is negotiating a two-year partnership agreement to provide visual effect services. The collaboration will involve GMM playing a key role in iQIYI's future film and television projects, leveraging its expertise in visual effects to enhance iQIYI's extensive content lineup. The partnership is expected to expand GMM's market presence and establish a long-lasting relationship with iQIYI.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:37 pm

OTLY

Oatly Group AB (OTLY) has announced a new foodservice distribution partnership with Insomnia Cookies, making its Original and Chocolate Oatmilks available at over 250 Insomnia Cookies locations across the US. This collaboration is expected to expand Oatly's foodservice footprint and offer customers a non-dairy beverage option that complements Insomnia Cookies' offerings.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:35 pm

WLDS

Wearable Devices Ltd. (NASDAQ: WLDS, WLDSW) has launched a new website for the Mudra Band, a wearable device enabling touchless interaction with technology via hand gestures. The website aims to enhance marketing and sales by providing a seamless user experience, detailed product information, and a convenient shopping platform. The Mudra Band is compatible with the Apple Ecosystem, and the company has recently announced full touchless control across Apple products when used with the Apple Watch Double Tap gesture.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:34 pm

APLM

Apollomics Inc. announced that its Chinese partner, Avistone Biotechnology, received approval from the NMPA to commercialize vebreltinib for MET exon 14 skipping NSCLC in China. Apollomics is in discussions with the FDA for a New Drug Application in the U.S. based on clinical data from the SPARTA trial and Avistone's KUNPENG trial. NSCLC, which accounts for 85% of lung cancer cases, has limited treatment options for patients with MET exon 14 skipping mutations. Apollomics retains rights to vebreltinib outside China, Hong Kong, and Macau.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:34 pm

GOOG

GOOGL

SPOT

Spotify Technology S.A. (NYSE:SPOT) has expanded its strategic partnership with Alphabet Inc's Google Cloud (NASDAQ:GOOG) (NASDAQ:GOOGL) to enhance its music streaming service. The collaboration will focus on leveraging Google Cloud's AI tools for improving content discovery, personalized recommendations, and ensuring a safe listening experience on Spotify. The partnership builds on the existing relationship since 2016, with Spotify utilizing Google Cloud's data capabilities for campaigns and providing analytics to creators. Despite the news, SPOT shares saw a premarket decline of 1.47% to $171.20.

Portfolio Pulse from Anusuya Lahiri

November 16, 2023 | 1:33 pm

MSFT

Programmer Charlie Holtz used OpenAI's GPT-4 Vision and a Python script to create an AI version of Sir David Attenborough that can narrate videos in Attenborough's style. The AI uses real-time image recognition to describe what it sees. This development highlights the potential for AI to be used for creative purposes but also raises concerns about the misuse of AI in creating deepfakes and spreading disinformation, as evidenced by incidents involving deepfake images and audio of celebrities.

Portfolio Pulse from Rounak Jain

November 16, 2023 | 1:26 pm