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IONQ

IonQ, Inc. (NYSE:IONQ) shares are trading higher after the company unveiled its two new rack-mounted quantum computer systems, the IonQ Forte Enterprise and the IonQ Tempo, for enterprise data centers. The new systems are designed for complex computational problems and far exceed the capabilities of classical computers and GPUs. IonQ stock has significant short interest with 16.45% of IONQ shares being sold short.

Portfolio Pulse from Erica Kollmann

September 27, 2023 | 5:17 pm

SEEL

Seelos Therapeutics Inc (NASDAQ:SEEL) announced encouraging preclinical data from an in vivo study of SLS-005 in an aggressive Alzheimer's disease non-human primate model. The study showed a 46% reduction in tau protein and an 18% reduction in NfL, a protein biomarker. Top-line data from the SLS-005 registrational Phase 2/3 trial in ALS is expected to be released in Q4 of 2023. However, Seelos' Phase 2 study of SLS-002 for Acute Suicidal Ideation and Behavior failed to meet the pre-defined primary endpoint. SEEL shares are up 13.50% at $0.20.

Portfolio Pulse from Vandana Singh

September 27, 2023 | 5:07 pm

ARGX

BHVN

IMVT

JNJ

PFE

Pfizer's subsidiary Biohaven released an updated investor presentation with additional data on its BHV-1300 program, a potential competitor to FcRn-targeting therapeutics. The data shows that BHV-1300 takes a direct approach by targeting IgG itself for degradation, which sets it apart from competitors. Biohaven's data shows a substantial reduction in IgG levels of over 90% based on experiments conducted on nonhuman primates. Biohaven's shares are up 27% at $22.42.

Portfolio Pulse from Vandana Singh

September 27, 2023 | 5:05 pm

MRMD

MSOS

MariMed CEO Jon Levine spoke at the Benzinga Cannabis Capital Conference, emphasizing the importance of new product development in the cannabis industry. He stressed the company's commitment to consistent quality in their products.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 4:54 pm

MRMD

MSOS

MariMed CEO Jon Levine announced at the Benzinga Cannabis Capital Conference that the company is set to open its 5th dispensary in Illinois. All of MariMed's brands are expected to be available in this market by 2024.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 4:52 pm

MRMD

MSOS

MariMed CEO Jon Levine announced at the Benzinga Cannabis Capital Conference that the company plans to return to Illinois with its Betty's Eddies brand in the coming months. The company is excited about this move.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 4:48 pm

NIR

Near Intelligence has been granted European Patent Number EP4024906, titled 'Method For Identifying A Device Using Attributes And Location Signatures From The Device'.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 4:12 pm

PHG

Philips Respironics, a subsidiary of Royal Philips, is under scrutiny for its handling of complaints about its breathing machines, which were found to have a potentially harmful foam component. The company received complaints about the foam as early as 2010 but did not alert the FDA or the public until a recall in June 2021. The foam, used to reduce noise in the machines, was found to degrade and release potentially toxic and carcinogenic particles. Despite internal warnings, Philips continued to sell the machines, which were used by children, the elderly, and at least 700,000 veterans. The company is now facing numerous lawsuits.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 3:51 pm

RBLX

WMT

Walmart is returning to Roblox with a new virtual world, 'Walmart Discovered', where gamers can discover new virtual items and accessories. This comes after the retailer's previous two games on the platform were criticized by consumer advocacy groups for potential stealth marketing to children. The new experience will spotlight over 300 Roblox community creators and will include a nomination system where players can vote on the best games, indie experiences, and virtual items.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 3:48 pm

CDNS

TSM

Cadence Design Systems (CDNS) has announced that its digital and custom/analog flows have achieved certification for TSMC's latest N2 Design Rule Manual (DRM). The collaboration has resulted in new N2 process design kits (PDKs) that leverage technologies from both companies, including Cadence's AI technologies that improve designer productivity. Mutual customers are already using the N2 PDKs to design AI, hyperscale computing, and mobile applications.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 3:46 pm