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CNTA

Centessa Pharmaceuticals announced it will present additional 52-week continuous treatment data from the third year of its ongoing Phase 2a study of SerpinPC for the treatment of Hemophilia at the 17th Annual Congress of the European Association for Haemophilia and Allied Disorders.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 12:09 pm

AAPL

Apple Inc. (NASDAQ:AAPL) is implementing changes to its App Store in the EU to support third-party app marketplaces as part of iOS 17.4. This includes new features in App Store Connect and TestFlight for developers to set up and beta test their app marketplaces. The move is in response to the EU's Digital Markets Act aiming to increase competition, but has raised security concerns among Apple executives. Meta Platforms CEO criticized the proposal, highlighting a 'Core Technology Fee' that could cost developers significantly.

Portfolio Pulse from Rounak Jain

February 09, 2024 | 12:05 pm

OKYO

The FDA has approved Okyo Pharma's OK-101 as its first investigational new drug for treating neuropathic corneal pain. The clinical trial is scheduled to start in Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 12:02 pm

BNTX

EWU

NVAX

PFE

The UK's Medicines and Healthcare products Regulatory Agency (MHRA) has granted approvals for the COVID-19 vaccines Comirnaty, developed by Pfizer/BioNTech, and Nuvaxovid, developed by Novavax. This marks a significant step in the fight against COVID-19 and opens up new markets for both vaccines.

Portfolio Pulse from Charles Gross

February 09, 2024 | 11:55 am

CELH

Celsius has entered into a multi-year, exclusive partnership with Scuderia Ferrari to promote its energy drinks at the track, garage, hospitality areas, and retail. This collaboration aims to enhance brand visibility and consumer engagement through various activation points.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 11:04 am

VSAT

Viasat, Terrestar Solutions, Ligado Networks, Omnispace, and Al Yah Satellite Communications Company have announced the formation of the Mobile Satellite Services Association (MSSA) to promote the emerging direct-to-device (D2D) ecosystem. This new association aims to foster the growth and development of D2D communications, which could revolutionize how devices connect globally.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 11:03 am

INTC

MSFT

Carl Pei, co-founder of Nothing, humorously questioned the concept of 'AI PCs' as promoted by Dell CEO Michael Dell and Microsoft CEO Satya Nadella. Despite the buzz around AI integration in PCs by tech giants like Intel and Microsoft, there's a lack of clarity on what 'AI PC' specifically entails. However, Intel and Microsoft's push towards AI-powered PCs is seen as a driving factor for the anticipated rebound in global PC shipments, with AI PCs expected to dominate the market by 2027.

Portfolio Pulse from Rounak Jain

February 09, 2024 | 11:00 am

NVX

NOVONIX shares have seen an increase in trading volume and price following the announcement of a binding off-take agreement with Panasonic Energy. Under this agreement, NOVONIX will supply synthetic graphite anode material, a key component in lithium-ion batteries.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 10:39 am

STLA

Stellantis NV (STLA) and Mercedes-Benz Group AG are nearing a €4.4 billion ($4.7 billion) debt deal for their joint venture, Automotive Cells Company SE (ACC), to expand its electric vehicle battery production in Europe. The funds will be used to enlarge ACC's French factory and to establish new sites in Germany and Italy, with a consortium of banks likely backing the deal. This move aligns with the EU's goal to develop a local EV supply chain and reduce reliance on Asian battery suppliers. Stellantis and Mercedes plan to increase their equity stakes in ACC.

Portfolio Pulse from Benzinga Neuro

February 09, 2024 | 10:36 am

GM

General Motors Co (NYSE:GM) has hired Kurt Kelty, a former Tesla executive with over 11 years of experience in battery technology, as its Vice President of Batteries. Kelty, who played a key role in developing Tesla's Gigafactory, will lead GM's battery cell strategy to boost the company's affordable electric vehicle (EV) production. This move comes as GM aims to scale its EV production in North America, with a target of producing 200,000 to 300,000 Ultium-based EVs across its Chevrolet, GMC, Cadillac, and BrightDrop brands, despite acknowledging a slowdown in EV growth and adjusting production targets.

Portfolio Pulse from Anan Ashraf

February 09, 2024 | 9:12 am