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Visa Inc has announced plans to extend its stablecoin settlement capabilities to the Solana blockchain, in collaboration with Worldpay and Nuvei. The company has been transacting millions of Circle's USDC between its partners over the Solana and Ethereum blockchain networks. This move is aimed at improving the speed of cross-border settlement and providing a modern option for clients to send or receive funds from Visa’s treasury.

Portfolio Pulse from Murtuza Merchant

September 05, 2023 | 7:13 pm

CYBN

DMTTF

The U.S. Patent and Trademark Office has granted a new patent to Cybin Inc. (NYSE:CYBN) for the composition of matter of deuterated 5-MeO-DMT analogs and their pharmaceutical compositions. This strengthens Cybin's position in the development of therapeutics for mental health conditions. The company's CEO, Doug Drysdale, sees this as a timely development considering their upcoming merger with Small Pharma (OTC:DMTTF). The combined intellectual property of the two companies will provide an opportunity to develop novel therapeutics for patients in need of improved treatment options.

Portfolio Pulse from Lara Goldstein

September 05, 2023 | 6:48 pm

MSFT

REKR

Microsoft Corp (NASDAQ:MSFT) is expanding its collaboration with Abu Dhabi-based AI company G42 to include sovereign cloud offerings and co-innovate advanced AI capabilities. This will lead to the expansion of existing data center infrastructure in the UAE across sectors. The aim is to accelerate the UAE's digital transformation and enable the public sector and regulated industries to leverage the latest cloud and AI technologies on the Azure public cloud. Microsoft will also expand its Azure services footprint in the UAE through Khazna Data Centers, a joint venture company between G42 and e&.

Portfolio Pulse from Khyathi Dalal

September 05, 2023 | 6:26 pm

SOUN

SoundHound, a voice-enabled AI and conversational intelligence company, has been granted U.S. Patent #11749281 for its neural speech-to-meaning technology. The patent could potentially strengthen the company's competitive position in the AI market.

Portfolio Pulse from Charles Gross

September 05, 2023 | 6:21 pm

BEAM

Beam Therapeutics Inc has announced that the first patient was treated with BEAM-201, a quadruplex-edited allogeneic CAR-T cell investigational therapy, marking a significant milestone for the company and the gene editing sector. Analysts from William Blair maintain an Outperform rating for Beam Therapeutics, considering the company to be at the forefront of the next wave of gene-editing companies. Beam's shares are down 0.38% at $23.37 on the last check Tuesday.

Portfolio Pulse from Vandana Singh

September 05, 2023 | 5:58 pm

AVY

Truist Securities analyst Michael Roxland reiterated a Buy rating on Avery Dennison Corp (NYSE:AVY) with an unchanged price target of $215. The analyst highlighted a 40% growth in Intelligent Labels and the end of destocking across most markets. Despite some potential weakness in Europe due to softer consumer demand, the end of destocking is expected to improve volume decline rates. The company is also experiencing growth in other verticals such as food and general merchandise.

Portfolio Pulse from Shivani Kumaresan

September 05, 2023 | 5:53 pm

LFLY

Leafly Holdings, Inc. (NASDAQ: LFLY) has released its annual Cannabis Harvest Report, revealing that cannabis is one of the highest-value crops in some states. The report synthesizes licensing reports, crop production totals, and sales and tax figures from 15 states with operating cannabis markets. It also highlights the challenges faced by cannabis farmers due to federal prohibition. However, this could change as the Department of Health and Human Services recommends reclassifying marijuana as a Schedule III drug. The report also reveals that in 2022, U.S. cannabis farmers have legally grown approximately 2,834 metric tons of cannabis, supporting more than 13,297 American farms in 15 legal states.

Portfolio Pulse from Maureen Meehan

September 05, 2023 | 5:27 pm

MSFT

Bethesda's 'Starfield' game, before its official launch, is topping Xbox sales charts and attracting thousands of users on Steam. Microsoft's early access strategy is helping recoup revenue while still offering the game on Game Pass from day one. The game has seen significant engagement on Steam, with a peak of over 245,000 concurrent players and rising daily peaks between Sept. 1-3.

Portfolio Pulse from Franca Quarneti

September 05, 2023 | 5:13 pm

BWA

The U.S. agency has made an initial decision that 52 million air bag inflators produced by Arc Automotive and Delphi are unsafe and need to be recalled, according to Reuters. BorgWarner (BWA) may be indirectly involved as it acquired Delphi in 2020.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 5:11 pm

BA

Boeing (NYSE:BA) and Aviation Capital Group LLC (ACG) have finalized an order for 13 737 MAX jets, increasing ACG's order book to 47 737 MAXs. The order includes seven 737-8 and six 737-10 jets. The 737 MAX family offers enhanced efficiency and route flexibility for short- and medium-haul air travel. Each 737 MAX saves up to eight million pounds of CO2 emissions annually compared to the airplanes it replaces.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 5:03 pm