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INNPF

Innocan Pharma Corporation has closed the second and final tranche of its private placement offering, issuing 4,005,408 units at $0.30 per unit for aggregate gross proceeds of $1,201,622. The company intends to use the net proceeds to fund pre-investigational new drug meetings with the FDA, investigational new animal drug meetings with the FDA, and for the expansion of the company's derma-cosmetic product distribution.

Portfolio Pulse from Jelena Martinovic

October 23, 2023 | 5:31 pm

ATVI

MSFT

Activision Blizzard Inc (NASDAQ:ATVI) has temporarily suspended trading in Diablo 4 due to a new item duplication exploit. This is not the first time such measures have been taken, with a similar exploit leading to a trading suspension in August. Blizzard, now under Microsoft Corporation's (NASDAQ:MSFT) ownership, has warned players against gold and item duplication exploits. Activision Blizzard games won't be available on Game Pass until 2024.

Portfolio Pulse from Franca Quarneti

October 23, 2023 | 5:20 pm

RIVN

Rivian Automotive (NASDAQ:RIVN) has launched new features for its Halloween mode through a software update. The update allows drivers of Rivian R1 vehicles to view pedestrians, cyclists, and motorcyclists as zombies and witches on the in-vehicle screen. The company has struggled in the last month due to macroeconomic concerns, weak earnings from rival Tesla, and concerns over debt and liquidity. Rivian shares are currently trading at $17.22, down over 40% in the last year.

Portfolio Pulse from Chris Katje

October 23, 2023 | 5:05 pm

AMZN

GOOG

META

MSFT

Big tech companies Microsoft, Alphabet, Meta Platforms, and Amazon are expected to post improved quarterly revenue growth due to the recovery of their enterprise software and digital ads businesses. They are also focusing on generative AI (genAI) developments. Microsoft is leading with its OpenAI investment and genAI integration in its products. Google is catching up with genAI integration in its virtual assistant and search engine. Meta is using genAI for advertisers and business interactions. Amazon has invested in genAI startup Anthropic and launched a genAI development platform. However, these developments pose new challenges, including concerns from publishers about Google's genAI-powered search.

Portfolio Pulse from Upwallstreet

October 23, 2023 | 4:51 pm

AMD

IBM

Analyst Ming-Chi Kuo has stated that AMD is the FPGA solution provider for IBM's AI inference platform, which uses NeuReality's NR1 AI chip. The AI servers will begin low-volume production in 4Q23, with Foxconn as the assembler. AMD's collaboration with platform service providers and software companies positions it to potentially close the gap with Nvidia in AI starting in 2025. The collaboration also shows that AMD is not affected by the U.S. government's ban on shipping AI chips to China.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 4:29 pm

MSFT

Microsoft Corporation (NASDAQ:MSFT) plans to invest $3.2 billion over two years to strengthen its artificial intelligence (AI) and cloud computing capabilities in Australia. This move represents a 250% increase in Microsoft's computing capacity in Australia and is seen as a strategic push into the Australian market. The investment also includes plans to train 300,000 Australians in digital skills and enhance a cyber threat information-sharing pact with Australia's premier cyber defense agency.

Portfolio Pulse from Shivani Kumaresan

October 23, 2023 | 4:17 pm

HAS

Hasbro, Inc. (NASDAQ:HAS) has announced an expansion of its long-standing relationship with Marvel. The companies will develop collectible products and sets for the trading card game, Magic: The Gathering. The first Magic set based on Marvel's characters and stories will appear globally in 2025. This collaboration is part of Hasbro's strategy to bring new ways for consumers to express their Marvel fandom through Magic: The Gathering's collection of Universes Beyond crossover products.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 4:05 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) is set to report Q1 financial results, with analysts estimating a revenue of $54.50 billion and earnings per share of $2.65. Analysts from Raymond James and Citigroup have expressed positive sentiment towards Microsoft due to its investments in artificial intelligence (AI), with price targets of $400 and $430 respectively. The company's cloud business, Azure, is expected to see a 26% YoY increase due to strong demand for AI services. Microsoft's recent acquisition of Activision Blizzard for $69 billion, the largest in its history, is also expected to have a significant impact.

Portfolio Pulse from Chris Katje

October 23, 2023 | 4:02 pm

BTCUSD

COIN

Coinbase Global Inc (NASDAQ:COIN) shares are trading higher amid strength in Bitcoin. Bitcoin's momentum is partially fueled by optimism surrounding a potential spot ETF. Coinbase is set to release its Q3 financial results on Nov. 2, with an expected loss of 53 cents per share and revenue of $654.076 million.

Portfolio Pulse from Adam Eckert

October 23, 2023 | 3:33 pm

BNTX

BioNTech has presented Phase 1/2 data for its CAR-T cell therapy candidate BNT211 at the ESMO Congress 2023. The therapy, which targets the oncofetal antigen Claudin-6 (CLDN6), has shown encouraging antitumor activity in patients with CLDN6-positive relapsed or refractory advanced solid tumors. The overall response rate was 59% and the disease control rate was 95%.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 3:31 pm