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GOOG

GOOGL

WMT

Walmart-backed fintech giant, PhonePe, has launched the Indus AppStore Developer Platform in India, challenging Google's dominance in the app store market. The platform offers zero platform fees and no commissions on in-app purchases, contrasting Google's model. The Indus AppStore also features locally relevant features, such as support for 12 Indian languages and third-party payment providers. PhonePe's move comes amid growing discontent among Indian developers with Google's operational practices.

Portfolio Pulse from Anusuya Lahiri

September 25, 2023 | 2:33 pm

TAK

Acurastem has announced a deal with Takeda to develop and commercialize Pikfyve targeted therapeutics, including AS-202, an antisense oligonucleotide (ASO) to treat ALS.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 2:26 pm

AMZN

NVDA

QQQ

SPY

Nvidia Corp's stock is trading higher on Monday, despite broader indexes being slightly lower. The company hinted at DLSS 10 delivering full neural rendering and shared plans to power non-player characters using AI in gaming. AI startup Anthropic, a Nvidia partner, has chosen Amazon Web Services as its primary cloud provider in a deal worth up to $4 billion.

Portfolio Pulse from Anusuya Lahiri

September 25, 2023 | 2:21 pm

AAPL

NVDA

Huawei Technologies unveiled its latest Mate 60 smartphone series at a product event, while also expressing gratitude to China for its support amidst U.S. sanctions. The company has been facing challenges due to these sanctions since 2019, which have limited its access to advanced chipmaking technologies. Despite this, Huawei has made significant strides in tech, challenging companies like Nvidia Corp. The Mate 60 series is seen as evidence of Huawei's resilience against U.S. sanctions. The event also marked the second anniversary of the return of Huawei's rotating Chairwoman, Meng Wanzhou, to China.

Portfolio Pulse from Anusuya Lahiri

September 25, 2023 | 2:11 pm

NVDA

Nvidia's VP of Applied Deep Learning Research, Bryan Catanzaro, hinted at the potential of full neural rendering in future versions of DLSS (Deep Learning Super Sampling). This technology could replace traditional rasterization and ray tracing, offering more immersive and beautiful games. Catanzaro also emphasized the need for developers to have extensive control over AI to realize their creative visions. The discussion also included perspectives from Jakub Knapik, VP Art and Global Art Director at CD Projekt RED, who expressed excitement about AI enhancing the interactive and immersive worlds of gaming.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 1:55 pm

JOBY

Joby Aviation Inc's shares are trading higher after the company announced it delivered its first electric vertical take-off and landing (eVTOL) aircraft to Edwards Air Force Base ahead of schedule. This delivery is part of Joby's $131 million AFWERX Agility Prime contract with the U.S. Air Force, which includes the provisioning of up to nine aircraft. The company's previous and current work with the Department of Defense represents a total potential contract value of $163 million.

Portfolio Pulse from Adam Eckert

September 25, 2023 | 1:43 pm

FSTR

L.B. Foster Company (NASDAQ:FSTR) and FUCHS Lubricants Co. have extended their strategic partnership to additional rail markets in South America, Australia, and China. The partnership combines L.B. Foster's expertise in friction management solutions for the global rail industry with FUCHS's manufacturing capabilities and lubrication solutions. The collaboration aims to drive innovation in friction management lubricant products, leading to savings through rail and wheel wear reduction, increased operational efficiencies, and improved safety.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 1:33 pm

KA

Kineta, Inc. (NASDAQ:KA) will present new preclinical data on its anti-CD27 agonist antibody program at the AACR Special Conference on Tumor Immunology and Immunotherapy. The data pertains to the development of treatments for advanced solid tumors.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 1:32 pm

MULN

Mullen Technologies has received EPA certification for its Class 3 EV commercial vehicles, a critical milestone that allows the company to start shipping vehicles to customers. The company's first Class 3 EV Cab Chassis Trucks began production on August 21, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 1:27 pm

SNPS

TSM

Synopsys, Inc. (NASDAQ:SNPS) has announced its analog design migration flow is enabled across TSMC's advanced process technologies, including N4P, N3E, and N2. The AI-driven design solution boosts productivity for analog and mixed-signal SoCs, saving weeks of manual and iterative effort while increasing design quality. The collaboration with TSMC enables mutual customers to unlock massive productivity gains with efficient migration of their designs from node-to-node.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 1:26 pm