Streetbeat News

Products Services

EBS

WBA

Walgreens Boots Alliance Inc (WBA) announced that over-the-counter NARCAN Nasal Spray will be available at its stores and online from September 5, following FDA approval. Emergent BioSolutions Inc (EBS), the maker of NARCAN, also announced that Naloxone 4 mg will be available nationwide from September. The spray can reverse the effects of opioids, including fentanyl.

Portfolio Pulse from Shivani Kumaresan

August 30, 2023 | 1:45 pm

GOOG

GOOGL

MSFT

NVDA

Microsoft-backed OpenAI aims to generate over $1 billion in revenue over the next 12 months from selling AI software and computing capacity. This comes after Nvidia's successful Q2 results and Google Cloud's plans to expand its AI technology enterprise offering in collaboration with Nvidia. OpenAI's revenue is currently over $80 million monthly, a significant increase from $28 million in 2022.

Portfolio Pulse from Anusuya Lahiri

August 30, 2023 | 1:35 pm

ETRGF

Entourage Health Corp. reported Q2 2023 financial results, with total revenue of CA$13.37 million ($9.83 million) and net revenue of CA$10.17 million, representing a total revenue increase of 1% and a net revenue increase of 5% YoY. The increase in total revenue is attributed to an 8% increase in adult-use revenue and a 45% increase in pre-roll revenue YoY. The company also introduced new product lines and expanded its pre-roll series. However, the company's gross profit and cash equivalents decreased, while its loss remained steady.

Portfolio Pulse from Jelena Martinovic

August 30, 2023 | 1:26 pm

LEXX

LEXXW

Lexaria Bioscience Corp. (NASDAQ:LEXX)(NASDAQ:LEXXW) has provided an update on its Investigational New Drug (IND) application with the U.S. Food and Drug Administration (FDA) for its planned U.S. Phase 1b Hypertension Clinical Trial. The company has completed work under its control, but the submission of the IND package to the FDA has been delayed due to the lack of required documentation from one of Lexaria's material suppliers.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 1:24 pm

AMZN

The U.S. Food and Drug Administration (FDA) has criticized Amazon for listing unauthorized drugs on its platform, marking the third such warning in a year. The FDA highlighted the sale of medications for molluscum contagiosum, a skin condition, distributed via third-party sellers. This comes as Amazon continues to expand into the U.S. healthcare sector. JPMorgan noted the significant role of third-party sellers in boosting Amazon's U.S. e-commerce market share.

Portfolio Pulse from Anusuya Lahiri

August 30, 2023 | 1:21 pm

RENB

Renovaro BioSciences has announced a joint effort with GEDiCube to accelerate early diagnosis of cancer in clinical trials. The partnership aims to improve patient outcomes and expedite the development of new treatments.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 1:18 pm

BASE

Couchbase has launched a new partner program, AI Accelerate, to advance AI-powered applications for customers. The program is an expansion of the Couchbase PartnerEngage Ecosystem and aims to make it easier for customers to build modern applications on Capella. MindsDB and Dataworkz are the first to join the new program.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 1:13 pm

EGHT

8x8, Inc. (NASDAQ:EGHT) has announced the availability of voice conversational AI in its 8x8 Intelligent Customer Assistant. The new feature expands the assistant's self-service capabilities, allowing businesses to create experiences across digital and voice channels. The voice AI capabilities are fully integrated into 8x8's contact center solution, providing full orchestration of customer journeys across voice and digital channels. The 8x8 Intelligent Customer Assistant is an add-on to 8x8 Contact Center delivered through the 8x8 XCaaS integrated cloud contact center and unified communications platform.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 1:13 pm

BUD

CGC

CURLF

TLRY

The cannabis beverages market, currently valued at $1 billion, is expected to double by 2026, with a CAGR of 16.9%. This trend is driven by the preference of younger generations for cannabis over alcohol. Industry leaders such as Curaleaf Holdings (CURLF), Tilray (TLRY), and Canopy Growth Corporation (CGC) are capitalizing on this trend, with CURLF's founder predicting that cannabis beverages will represent 50% of the industry in 5-10 years. TLRY recently debuted its sparkling THC beverages and acquired eight beer and beverage brands from Anheuser-Busch (BUD). CGC also launched four new THC-infused drinks under the Tweed brand.

Portfolio Pulse from Maureen Meehan

August 30, 2023 | 1:12 pm

AYX

GOOG

GOOGL

Alteryx, Inc. (NYSE:AYX) is expanding its partnership with Google Cloud to provide Looker Studio users with native access to a free limited version of Alteryx Designer Cloud's AI-powered data preparation capabilities and enhanced connectivity. The new integration will initially provide users enhanced cloud connectivity to Excel and CSV files and storage platforms like Sharepoint and OneDrive. This integration expands on Alteryx and Google Cloud's partnership, which includes Google Cloud Dataprep, an intelligent cloud data service that processes more than 1.4 million jobs each month.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 1:11 pm