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NET

Cloudflare has announced a collaboration with Microsoft to enable AI models to run anywhere. This partnership aims to build the AI railroad tracks of the future, allowing inference tasks to move seamlessly across devices, networks, and clouds.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 1:05 pm

CBMG

NKTR

Nektar Therapeutics has announced a new clinical study collaboration with Cellular Biomedicine Group Inc. The collaboration will evaluate the combination of NKTR-255 and C-TIL051 in advanced non-small cell lung cancer.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 1:04 pm

VRPX

Virpax Pharmaceuticals has announced the results of dose escalation studies for Probudur. The studies compared Probudur to Exparel, with Probudur demonstrating three to five times longer efficacy than Exparel.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 1:02 pm

AMD

RBLX

RIVN

WMG

At the Code Conference 2023, CEOs of Warner Music Group, Roblox, Rivian, and AMD shared their visions on AI, metaverse, and EVs. Warner's CEO discussed the potential of AI in music creation and distribution. Roblox's CEO hinted at physical shopping within Roblox and expansion in the Chinese market. Rivian's CEO addressed backlog issues and competition with Tesla. AMD's CEO emphasized the transformative impact of AI and the company's capability of building custom chips.

Portfolio Pulse from Anusuya Lahiri

September 27, 2023 | 1:02 pm

SKYX

SKYX Platforms has announced a collaboration with QUOIZEL, a leading US lighting manufacturer. The partnership will include SKYX's advanced smart and standard products for online, retail, and professional channels.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 1:01 pm

PFE

Pfizer's CEO Albert Bourla has revealed that the company's oral antiviral COVID-19 treatment, Paxlovid, is being administered at a rate of 250,000 courses per week. However, there is uncertainty over when Paxlovid will gain approval for commercial sale in the U.S. market. Currently, the drug is being distributed exclusively by the government. Pfizer has supplied nearly 24 million courses of Paxlovid to the U.S. government, but only about 15 million courses have been distributed so far.

Portfolio Pulse from Vandana Singh

September 27, 2023 | 12:54 pm

AZN

LLY

NVO

SNY

The European Medicines Agency (EMA) is set to investigate potential complications linked to weight loss drugs such as Novo Nordisk's Wegovy and Ozempic, Eli Lilly's Mounjaro and Trulicity, and drugs made by AstraZeneca and Sanofi. The complications could lead to pneumonia during anesthesia. The EMA's Pharmacovigilance Risk Assessment Committee (PRAC) will discuss this issue in its regular monthly meetings.

Portfolio Pulse from Vandana Singh

September 27, 2023 | 12:49 pm

RIVN

TSLA

Rivian Automotive's CEO, R.J. Scaringe, is not concerned about competition from Tesla's Cybertruck, stating there's not much overlap with customers. He also mentioned that Rivian is working on its order backlog and ramping up production. Scaringe hinted at a more affordable EV lineup in the future and confirmed that Tesla vehicles can charge on Rivian's networks. Rivian's stock climbed 0.90% to $22.46 in premarket trading.

Portfolio Pulse from Shanthi Rexaline

September 27, 2023 | 12:48 pm

PFE

The FDA has approved Bosutinib, a drug for pediatric patients with chronic myelogenous leukemia. Additionally, a new capsule dosage form of Bosutinib is now available in strengths of 50 mg and 100 mg.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 12:47 pm

ORCL

Oracle Corp (NYSE:ORCL) has opened a second Oracle Cloud Region in Monterrey, Mexico, in collaboration with Teléfonos de México (TELMEX-Triara). This makes Oracle the only hyperscaler with two cloud regions in the country. The partnership aims to accelerate cloud adoption across Mexico and offers organizations access to a range of cloud services to modernize their applications and migrate mission-critical workloads from their data centers to OCI.

Portfolio Pulse from Lekha Gupta

September 27, 2023 | 12:44 pm