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NKE

PMMAF

Nike Inc is close to finalizing a significant endorsement deal with basketball star Caitlin Clark, who is expected to make her professional debut in May. Clark, the first overall pick in the WNBA draft by the Indiana Fever, had a previous sponsorship with Nike during her college career. The deal includes launching her own signature line of footwear, as Nike aims to build a young roster of basketball talents. This aligns with the industry's growing focus on women's sports and the rarity of sneaker lines for female athletes. Puma SE also has a deal with Breanna Stewart, highlighting a similar focus on women's sports endorsements.

Portfolio Pulse from Shivani Kumaresan

April 19, 2024 | 11:18 am

VFS

VinFast Auto (NASDAQ:VFS) has signed a cooperation agreement with Mobivia to expand its aftersales service network in France and Germany, enhancing support for VinFast customers in these countries.

Portfolio Pulse from Charles Gross

April 19, 2024 | 11:18 am

AAPL

GOOGL

IXP

MSFT

VOX

Google's CEO Sundar Pichai announced a major restructuring to accelerate AI development, aiming to outpace competitors like Microsoft. The reorganization consolidates all AI teams under DeepMind, focusing on unified AI efforts and introducing a new Platform and Devices team. This move, the largest change at Alphabet since last year's AI unit integration, seeks to enhance product innovation and decision-making. Analysts view Alphabet's AI and cloud investments as key growth drivers, potentially boosting its shares alongside a speculated collaboration with Apple.

Portfolio Pulse from Anusuya Lahiri

April 19, 2024 | 11:07 am

MRK

Health Canada has approved Merck's KEYTRUDA in combination with chemotherapy as a first-line treatment for adult patients with locally advanced unresectable or metastatic HER2-negative gastric or gastroesophageal junction (GEJ) adenocarcinoma. This approval marks a significant advancement in the treatment options available for patients with this type of cancer.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 11:07 am

PRQR

ProQR Therapeutics successfully defended a key patent for its Axiomer RNA editing platform against an opposition filed with the European Patent Office. The patent, part of ProQR's intellectual property for Axiomer, relates to editing oligonucleotides with chemical modifications to increase stability and recruit ADAR for editing target adenosine. The EPO's decision maintains ProQR's strong IP position on its proprietary ADAR mediated RNA editing technology.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 11:06 am

TLSA

Tiziana Life Sciences announced that study results of its intranasal anti-CD3 Foralumab in Multiple Sclerosis (MS) patients with Progressive Independent of Relapse Activity (PIRA) have been highlighted in Neurology Today. This development could signify a positive advancement in the treatment of MS, particularly for patients with PIRA, a condition that indicates a progression of the disease independent of relapses.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 11:03 am

SES

SES AI Corporation has partnered with Worcester Polytechnic Institute to develop advanced recycling technology for lithium metal, funded by SES AI. This initiative aims to enhance lithium metal recycling processes.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 11:02 am

HBAN

Huntington Bancshares remains optimistic about its yearly outlook, expecting to accelerate loan growth through new teams and market expansions, aiming to boost revenue and profitability into 2025.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 10:55 am

TSLA

Tesla Inc (NASDAQ:TSLA) is recalling 3,878 Cybertruck vehicles due to a risk of unintended acceleration caused by the accelerator pedal pad potentially dislodging. The company will repair or replace the accelerator pedal assembly at no cost. Tesla has not reported any related collisions or injuries and is taking precautionary measures to equip new Cybertrucks with updated pedals and fix those in delivery.

Portfolio Pulse from Anan Ashraf

April 19, 2024 | 10:55 am

GOOGL

META

MSFT

Meta Platforms Inc. (META) integrates real-time Google and Bing search results into its AI assistant, leveraging the Llama 3 model. This collaboration with Alphabet Inc.'s Google (GOOG, GOOGL) and Microsoft Corp.'s Bing (MSFT) marks a significant shift from the traditional 'walled gardens' approach of tech giants. The AI assistant is accessible across Meta's platforms including Facebook, Instagram, WhatsApp, Messenger, and the new Meta.ai desktop experience. This move aims at enhancing user experience by providing comprehensive information and is part of Meta's strategy for user acquisition and product improvement based on user interaction data.

Portfolio Pulse from Rounak Jain

April 19, 2024 | 10:28 am