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Alibaba Group Holding Limited (BABA) stock is trading lower in line with broader indexes. Alibaba Pictures Group is looking to acquire a majority stake in Pony Media Holdings, which owns Damai, a significant producer of live performances in China. The $167 million deal aims to expand Damai's presence in the live entertainment industry. Alibaba Pictures will issue approximately 2.5 million shares to Alibaba Investment Limited to fund the purchase. This move will increase Alibaba Group Holding's stake in Alibaba Pictures to about 54.26%. Freshippo, the high-tech supermarket chain, is rapidly expanding its presence in China. It plans to open 30 stores nationwide in September. Alibaba is using Intel Corp's (INTC) newest central processors to serve up chatbot technology.

Portfolio Pulse from Anusuya Lahiri

September 20, 2023 | 12:14 pm

META

Meta Platforms Inc (NASDAQ:META) has enabled in-app payments for WhatsApp users in India, one of its largest markets. Businesses can accept payments through credit and debit cards, WhatsApp Pay, and India's digital payments network UPI. This move is expected to increase business engagement on WhatsApp and boost Meta's revenue. The value of digital payments in India is projected to increase from $3 trillion to $10 trillion by 2026. WhatsApp has 400 million monthly users in India, positioning it to become a top digital payment app in the country.

Portfolio Pulse from Anusuya Lahiri

September 20, 2023 | 12:11 pm

ORCL

Oracle has announced significant enhancements to MySQL HeatWave, including support for vector store, generative AI, new in-database machine learning features, MySQL Autopilot enhancements, new HeatWave Lakehouse capabilities, support for JavaScript, acceleration of JSON queries, and support for new analytic operators. The vector store will enable customers to leverage the power of large language models with their proprietary data. The enhancements aim to address pressing customer data, analytics, and AI issues.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:10 pm

PDSB

PDS Biotechnology Corporation (NASDAQ:PDSB) announced that its investigational universal influenza vaccine PDS0202 demonstrated active neutralization across multiple influenza viruses in preclinical studies. The vaccine also provided protection against infection after challenged with high doses of the H1N1 virus in ferrets. The data were presented at the 9th European Scientific Working Group on Influenza (ESWI) Conference. PDS0202 combines PDS Biotech's Infectimune® novel investigational immune activating platform with proprietary Computationally Optimized Broadly Reactive Antigens (COBRA) influenza antigens.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:08 pm

OB

Outbrain has announced a partnership with Cedara to enhance its sustainability and decarbonization efforts. Additionally, Outbrain has launched an AI Smart-Throttling tool to optimize energy consumption.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:08 pm

TAK

The FDA has accepted Takeda's resubmission of its New Drug Application for TAK-721 (Budesonide Oral Suspension) for the short-term treatment of Eosinophilic Esophagitis.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:07 pm

TKLF

Japanese retailer Yoshitsu Co., Ltd (NASDAQ:TKLF) has announced a strategic alliance with CROSSING INC, a collectible card retailer and live-streaming distributor. The exclusive contract allows CROSSING to procure Yoshitsu's products and distribute them through its sales channels, including live-streaming ecommerce channels and online shops. This alliance is a significant step in Yoshitsu's strategy to expand sales in the U.S. market.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:07 pm

ENVB

Enveric Biosciences (NASDAQ:ENVB) has been granted a new U.S. patent for its EVM301 Series of drug candidates, which are carboxylated psilocybin derivatives aimed at treating mental health disorders. The patent covers novel compositions and pharmaceutical drug formulations, and is expected to strengthen and add value to Enveric's EVM301 Series. The company's CEO believes this could greatly enhance the commercial opportunity of EVM301 Series-based therapies.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:06 pm

ORCL

Red Hat and Oracle have expanded their collaboration to bring Red Hat OpenShift to Oracle Cloud Infrastructure. This move is expected to provide customers with more choice for their hybrid cloud strategies.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:05 pm

ERIC

GOOGL

Ericsson (NASDAQ:ERIC) is expanding its partnership with Google Cloud to develop an Ericsson Cloud RAN solution on Google Distributed Cloud (GDC). The solution offers integrated automation and orchestration and leverages AI/ML for additional CSP benefits. The solution is running live in the Ericsson Open Lab in Ottawa, Canada, with plans for market development. The partnership will enable CSPs to utilize Google Cloud Vertex AI, BigQuery and other cloud services to improve the usability of the massive data sets provided by Cloud RAN applications.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:04 pm