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C3 AI (NYSE:AI) has announced that the U.S. Air Force will adopt its air logistics optimization application to conserve flight energy. The application uses sensor and mission data to create prediction models that help establish more efficient flight protocols, reducing fuel consumption. The application has been shown to increase the accuracy and reliability of fuel consumption predictions, leading to more efficient use of fuel and reducing the impact on the climate. The application can reduce the time from raw data collection to AI insights by 92%, from three days to around two hours.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 1:06 pm

LXRX

Lexicon Pharmaceuticals is set to present analyses of its INPEFA clinical study results and changing patterns of heart failure diagnoses at the European Society of Cardiology Congress 2023.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 1:06 pm

GOOG

GOOGL

UMGNF

YouTube is introducing a Music AI Incubator and is working closely with music partners, including Universal Music Group, to develop an AI framework. In 2023, there have been more than 1.7 billion views of videos related to generative AI tools on YouTube.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 1:06 pm

AMD

AMD showcased its AMD EPYC CPUs and Pensando DPUs at VMware Explore 2023, demonstrating their efficiency and innovation for virtualized environments. The 4th Gen AMD EPYC 9654 CPUs and Pensando DPU system delivers 3.3x the Redis application performance and 1.75x the aggregate network throughput compared to a 4th Gen EPYC system with standard NICs. Servers with these CPUs can enable using up to 35% fewer servers in an environment running 2000 virtual machines compared to Intel Xeon 8490H based servers.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 1:04 pm

ENVB

Enveric Biosciences (NASDAQ:ENVB) has completed the manufacturing of its psilocin prodrug, EB-373, enabling the completion of preclinical work. The company will now commence remaining GLP studies to provide data required for human trials. The manufacturing process resulted in a high purity product, allowing Enveric and its partners to handle and ship EB-373 without restrictions for controlled substances. The company expects to complete all remaining preclinical studies required for Human Research Ethics Committee submission in Australia by the end of 2023.

Portfolio Pulse from Vuk Zdinjak

August 21, 2023 | 12:59 pm

CURLF

Curaleaf Holdings, Inc. has started adult use sales at its Manchester, Connecticut location, making it the company's fourth dispensary in Connecticut to commence such sales. The company offers a variety of products and a rewards program for customers. Curaleaf will continue to prioritize medical patients at each of its Connecticut locations. The company will celebrate the launch with a ribbon-cutting ceremony, prizes, giveaways, and discounts on August 25.

Portfolio Pulse from Vuk Zdinjak

August 21, 2023 | 12:47 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) is set to expand its global presence as Malaysia shows interest in providing a stronger foothold for the electric vehicle manufacturer. Malaysia's Prime Minister, Anwar Ibrahim, stated that Tesla's entry could benefit local industries and boost the economy by 20-30%. He also affirmed the potential for Tesla to move up the supply chain by producing cars locally, which would be more cost-effective and contribute to lower costs for consumers. Tesla's Malaysian extension commenced operations in July, facilitated by Malaysia’s Battery EV Global Leaders Initiative.

Portfolio Pulse from Shanthi Rexaline

August 21, 2023 | 12:45 pm

KHC

Kraft Heinz Company (NASDAQ:KHC) plans to offer Lunchables to school cafeterias across the U.S. this fall as part of its marketing strategy. The company sees the education food service sector as a $25 billion potential. However, the move has been scrutinized due to potential nutritional issues. Kraft Heinz is focusing on improving its food-service division and has launched new versions of its Lunchables products to comply with federal guidelines.

Portfolio Pulse from Nabaparna Bhattacharya

August 21, 2023 | 12:44 pm

BIIB

EWJ

The Japan Health Ministry Panel has recommended the approval of Eisai and Biogen's Alzheimer's treatment, Leqembi. This news was reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 12:42 pm

IKT

Inhibikase Therapeutics has initiated the development of second-generation c-Abl inhibitors and has named IkT-148009 as Risvodetinib. The company plans to assess new molecules from internal discovery and other companies to enhance the suppression of neurodegeneration through c-Abl inhibition.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 12:36 pm