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UBER

Uber Technologies Inc. (NYSE:UBER) has launched a hot air balloon service in Turkey's Cappadocia region. The service requires passengers to book 12 hours in advance and costs $159 for a 1.5-hour sunrise balloon ride. This move is part of Uber's strategy to diversify its services and expand its customer base. Despite the company's efforts to diversify, Uber's stock value remains below its peak in 2021.

Portfolio Pulse from Benzinga Neuro

October 23, 2023 | 6:49 am

REGN

SNY

Regeneron Pharmaceuticals and Sanofi have announced sustained efficacy of Dupixent (dupilumab) Phase 3 results in children aged 1 to 11 with Eosinophilic Esophagitis for up to one year. The data presented at ACG 2023 showed maintained histologic and endoscopic improvements with no new safety signals. The sBLA for Dupixent to treat children with EoE is under Priority Review in the U.S. If approved, Dupixent would be the first and only FDA-approved treatment for these children.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 6:23 am

SHLT

SHL Telemedicine is accelerating its direct-to-consumer strategy in the US following positive initial trial results. The company is making significant investments in infrastructure and technology to advance this strategy.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 6:16 am

IOBT

IO Biotech has announced preliminary data from a Phase 2 trial evaluating IO102-IO103 in combination with Pembrolizumab. The company has not disclosed any specific results yet.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 6:09 am

F

STLA

Stellantis NV, the parent company of brands like Fiat, Ram, and Peugeot, plans to outpace Ford Motor Co in the global market for electric vehicle (EV) pickups and vans within the next four years. The company aims to double its revenues from pickups and vans by 2030, with 40% of its global commercial vehicles to be powered by electricity or hydrogen by the same year. Stellantis is trailing Ford by 400,000 units, with 1.6 million vehicles sold in the past year. The company forecasts that it will sell a total of 1.8 million vehicles this year.

Portfolio Pulse from Benzinga Neuro

October 23, 2023 | 5:56 am

TSLA

Tesla's Cybertruck, set to start deliveries next month, was spotted with cargo racks at a Supercharger station in California. The sighting comes after Tesla's recent earnings call, where the company announced a delivery event for the Cybertruck on Nov. 30. CEO Elon Musk mentioned that the Cybertruck would take between 12 to 18 months to positively impact the company’s cash flow, despite over a million reservations.

Portfolio Pulse from Benzinga Neuro

October 23, 2023 | 5:53 am

PFE

RHHBY

ROIV

Roche has agreed to acquire Telavant, including rights to the novel TL1A-Directed Antibody (RVT-3101), from Roivant for $7.1 billion. The deal gives Roche the rights to develop, manufacture, and commercialize RVT-3101 in the US and Japan for the treatment of inflammatory bowel disease and potentially other diseases. Roche will also have an option to collaborate globally with Pfizer on a next-generation p40/TL1A directed bispecific antibody, currently in Phase 1. Telavant was jointly formed by Roivant and Pfizer in 2022.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 5:45 am

IMMP

New data on the first line treatment of metastatic non-small cell lung cancer was presented at ESMO 2023. The data was part of the TACTI-002 Webcast Presentation by Immutep Limited (IMMP).

Portfolio Pulse from Charles Gross

October 22, 2023 | 10:48 pm

NTRA

Natera, Inc. (NASDAQ:NTRA) announced updated data from the GALAXY arm of the CIRCULATE-Japan trial, reinforcing the prognostic and predictive value of the Signatera molecular residual disease (MRD) test in colorectal cancer patients. The updated data builds on published evidence with twice as many patients and disease-free survival data extended to 24 months.

Portfolio Pulse from Charles Gross

October 22, 2023 | 10:44 pm

AAPL

Apple Inc. (NASDAQ:AAPL) is reportedly late to the AI party, with executives expressing concern over the company's slow progress in the field. The company's only significant AI release so far is an improved auto-correct feature in iOS 17. Apple is now working on its own large-language model called Ajax and has rolled out an internal chatbox dubbed 'Apple GPT' to test out the functionality. The company is likely to spend about $1 billion per year on these efforts.

Portfolio Pulse from Shanthi Rexaline

October 22, 2023 | 5:03 pm