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INZY

Inozyme Pharma Inc (NASDAQ: INZY) has announced positive interim data from its ongoing Phase 1/2 trials of INZ-701 in adults with ENPP1 Deficiency and ABCC6 Deficiency. The data shows a meaningful reduction of fibroblast growth factor-23 (FGF-23) and an increase in serum phosphate levels. The company also reported upward trends in bone-specific alkaline phosphatase levels and improvements in GIC scores. The data suggests clinical benefits for ENPP1 Deficiency, including improvement in key biomarkers, patient-reported outcomes, and functional outcomes. Following the news, INZY shares are up 10.60% at $4.77.

Portfolio Pulse from Vandana Singh

September 26, 2023 | 6:44 pm

MLGO

MicroAlgo, Inc. (NASDAQ:MLGO) shares are trading lower following a recent surge in price due to the company's announcement of a new algorithm to boost the performance and efficiency of research institutions. The stock has since pulled back, with shares down 21.3% at $2.37.

Portfolio Pulse from Ryan Gustafson

September 26, 2023 | 6:32 pm

CYBN

DMTTF

UK-based Small Pharma (OTCQB:DMTTF) has released findings from its Phase 1b study on the interaction of its DMT compound, SPL026, and selective serotonin reuptake inhibitors (SSRIs) for the treatment of major depressive disorder (MDD). The study found that SPL026 was well-tolerated by all 17 patients, with no serious adverse events reported. The treatment showed greater antidepressant effects in the SSRI cohort, suggesting enhanced efficacy when administered jointly with SSRIs. Small Pharma's CEO mentioned exploring these findings as part of the integrated DMT program with Cybin (NYSE:CYBN).

Portfolio Pulse from Lara Goldstein

September 26, 2023 | 6:31 pm

HUM

SPY

UNH

XLV

The Centers for Medicare & Medicaid Services (CMS) has announced that Medicare Advantage and Medicare Prescription Drug Programs will remain stable in 2024. Additionally, Medicare Advantage Supplemental Benefit offerings will see a slight increase in 2024.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 6:30 pm

AVGO

GOOG

GOOGL

Broadcom's division Symantec is partnering with Google Cloud to integrate generative AI into the Symantec Security platform to enhance cybersecurity. This partnership is expected to increase security and boost SOC productivity. Despite a recent dip in Broadcom's share price, the company's long-standing partnership with Google Cloud has been beneficial for its growth strategy.

Portfolio Pulse from Lekha Gupta

September 26, 2023 | 6:11 pm

KTB

Kontoor Brands Inc's denim brand Lee has launched a unisex apparel collection in partnership with China-based streetwear brand ROARINGWILD. The collection, inspired by the 1980s, includes graphic tees, denim jackets, and jeans in oversized fits. The range is available globally through Lee's digital platforms and physical outlets in the U.S. and Europe, as well as ROARINGWILD outlets and online presence in China and other selected regions. KTB shares are trading higher by 1.23% at $42.21.

Portfolio Pulse from Shivani Kumaresan

September 26, 2023 | 6:02 pm

GETY

NVDA

TSM

Nvidia Corp's stock outperformed broader indexes Invesco QQQ Trust, Series 1 and SPDR S&P 500 on Tuesday, despite losing over 10% last month. The company continues to benefit from the ongoing AI rally. Getty Images Holdings, Inc is collaborating with Nvidia on Generative AI, and Nvidia's supplier Taiwan Semiconductor Manufacturing Company Ltd is reportedly increasing orders for advanced CoWoS packaging equipment due to high demand. Nvidia is also targeting the ad industry as a new chip-buying market.

Portfolio Pulse from Anusuya Lahiri

September 26, 2023 | 5:35 pm

JKHY

Fintech company Marstone, Inc. has partnered with Jack Henry & Associates, Inc. (NASDAQ:JKHY) to integrate its digital wealth platform with Jack Henry's Banno digital banking platform. This collaboration allows bank customers using Banno's platform to access Marstone's digital wealth platform via a single sign-on. The partnership enables over 400 digital banks to adopt Marstone's digital wealth solutions through Jack Henry's platform.

Portfolio Pulse from Akanksha Bakshi

September 26, 2023 | 5:35 pm

AAPL

DIS

FOXA

GOOG

IBM

MSFT

NFLX

NVDA

WBD

A tentative deal has been reached that allows Hollywood studios to train AI models on writers' work. This could potentially revolutionize the way scripts are written and analyzed, leading to more efficient and effective content production.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 5:26 pm

AAPL

AMZN

GOOG

GOOGL

SPOT

Google, a subsidiary of Alphabet Inc, plans to shut down the Google Podcasts app in 2024 and redirect users to the YouTube Music platform. This is part of Google's strategy to consolidate its podcast offerings and compete with platforms like Spotify, Apple Music, and Amazon Music. Spotify has initiated a trial phase for an AI-powered feature to translate and replicate podcast hosts' voices into multiple languages.

Portfolio Pulse from Anusuya Lahiri

September 26, 2023 | 5:24 pm