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GM

General Motors Co (GM) has announced a delay in the production of its EV pickup truck at its Orion, Michigan plant by a year, to late 2025. The delay is aimed at better managing capital investment while aligning with evolving EV demand.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 4:16 pm

NKTX

Lupus Therapeutics, an affiliate of the Lupus Research Alliance, has announced a partnership with Nkarta, Inc. (NASDAQ:NKTX) to support the development of NKX019, a natural killer (NK) cell therapy for refractory lupus nephritis. This is the first time the therapy, currently being studied in oncology, will be evaluated for lupus nephritis. Lupus Therapeutics will provide advisory services and support Nkarta in early development.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 3:52 pm

MSFT

Morgan Stanley analyst Keith Weiss remains optimistic about Microsoft's future in Generative AI, maintaining an Overweight rating and a price target of $415. Despite Microsoft being in the early stages of the innovation cycle, Weiss believes that momentum will build through FY24. Loop Capital analyst Yun Kim also initiated coverage on Microsoft with a Buy rating and a price target of $425. However, investors are cautioned to consider the timing of enterprise adoption cycles when assessing generative AI impacts in Azure.

Portfolio Pulse from Anusuya Lahiri

October 17, 2023 | 3:51 pm

RBLX

XRPUSD

Roblox (NYSE:RBLX) has partnered with BitPay to include Ripple's XRP as a payment method for in-game purchases, subscriptions, and transactions. The move is expected to expose Roblox's user base, 44% of which is under 13 years of age, to cryptocurrency. In Q1 2023, Roblox users reported around $773 million in in-game spending. Ripple is known for its fast transaction speeds and low fees, which could enhance the gaming experience for Roblox users.

Portfolio Pulse from Khyathi Dalal

October 17, 2023 | 3:48 pm

FISV

Tom Eck, Senior VP of Digital Transformation at Fiserv Inc (NASDAQ:FISV), will be a panelist at Benzinga’s Fintech Deal Day. He will discuss the influence of AI in various fields. Eck has developed a product called Developer Studio for Fiserv, which is a catalog of APIs and documentation. He has also highlighted the rapid growth of AI techniques, comparing the user growth of AI chatbot ChatGPT to TikTok and credit cards.

Portfolio Pulse from Khyathi Dalal

October 17, 2023 | 3:44 pm

IDYA

IDEAYA Biosciences announced a proffered paper oral presentation at ESMO 2023 for a Phase 2 clinical data update for darovasertib in combination with crizotinib in metastatic uveal melanoma. This announcement has led to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 3:23 pm

NKTX

Nkarta Inc (NASDAQ:NKTX) has received FDA clearance for its Investigational New Drug (IND) application to evaluate NKX019, a therapy candidate for lupus nephritis. The trial will assess the safety and clinical activity of NKX019 in patients with refractory lupus nephritis. The study is expected to enroll up to 12 patients, with the first patient expected to be enrolled in the first half of 2024. Nkarta also announced cost containment measures to extend its projected cash runway into 2026.

Portfolio Pulse from Vandana Singh

October 17, 2023 | 3:19 pm

CDNS

Cadence Design Systems, Inc. (NASDAQ:CDNS) has joined Arm Total Design to accelerate the development of Arm-based custom SoCs based on Neoverse CSS. This collaboration will allow mutual customers to access Cadence's full-flow system-level design verification and implementation solutions. The partnership aims to reduce development costs, minimize risk, and shorten the time-to-market for designs.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 3:08 pm

MSFT

Microsoft Corp is seeking a Hardware Automation Team Manager with expertise in robotics to enhance the automation of its data center operations. This follows a recent outage at the company's Australia facility due to inadequate staffing and automation failures. The new role will focus on data center operations automation, ensuring enhanced safety and efficiency. Microsoft's initiative is part of a broader trend in the tech industry, with other companies also exploring robotic automation for data center operations.

Portfolio Pulse from Anusuya Lahiri

October 17, 2023 | 3:00 pm

ONVO

Organovo has been granted U.S. Patent #11789011 for an 'Engineered Three-Dimensional Breast Tissue Adipose And Tumor Disease Model'. The patent suggests that the models disclosed have several advantages over current screening tools.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 2:33 pm