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CANF

Can-Fite BioPharma Ltd. (NYSE:CANF) has submitted a pediatric study plan to the U.S. Food and Drug Administration (FDA) for the treatment of adolescents suffering from psoriasis with Piclidenoson. This is a part of the company's ongoing efforts to advance a pipeline of proprietary small molecule drugs that address oncology, inflammatory, and liver diseases.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 11:01 am

BABA

FXI

KWEB

Alibaba Group Holding Limited (BABA) stock is trading lower along with iShares China Large-Cap ETF (FXI) and KraneShares Trust KraneShares CSI China Internet ETF (KWEB) due to concerns over China Evergrande Group's bankruptcy filing and China's slowing economic growth. However, Alibaba Cloud's new digital human video creation tool, Live Portrait, and China's progress in chip equipment self-sufficiency provide some positive news.

Portfolio Pulse from Anusuya Lahiri

August 18, 2023 | 11:00 am

MRK

Merck's Phase 3 trial of Welireg for adult patients with advanced renal cell carcinoma met its primary endpoint, showing a significant improvement in progression-free survival compared to Everolimus.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 10:48 am

GOOG

QCOM

Google, a subsidiary of Alphabet Inc., is adding the emergency SOS feature to Android 14, a feature currently available only on iPhones. The feature allows users to send messages along with their location to Emergency SOS services even when there is no cellular network. Qualcomm Inc.'s Snapdragon 8 Gen 2 chipset already includes the satellite connectivity feature, but it's currently unavailable on Android smartphones. Samsung's Galaxy S24 series could be among the first Android smartphones to support this feature.

Portfolio Pulse from Rounak Jain

August 18, 2023 | 10:44 am

ADDYY

COTY

Coty Inc has renewed its long-term license agreement with Adidas AG. The partnership focuses on personal care, wellness, sports, and sports lifestyle. Coty is driving the growth of the Active Skin & Mind Range in China, following its successful launch in Europe. The company has also divested a 3.6% stake in Wella Brand for $150M. Adidas' Q2 EPS dipped by 75%, but the company has increased its FY23 revenue outlook due to Yeezy inventory reduction.

Portfolio Pulse from Shivani Kumaresan

August 18, 2023 | 9:50 am

AAPL

MSFT

Apple Inc. is known for its product placement strategy, often placing iPhones and MacBooks in TV shows and movies. The company aims to associate its products with positive characters, hence heroes are often seen using iPhones. A 2021 report found that in about 74 episodes of Apple TV+, characters used around 300 iPhones, 120 MacBooks, and 40 pairs of AirPods. Product placement also extends to mentions of buying Apple stock in some shows. Microsoft Corporation's Bing is another example of product placement.

Portfolio Pulse from Ananya Gairola

August 18, 2023 | 9:25 am

CHPT

EVGO

F

TSLA

Tesla's Supercharger Network has been rated the highest in customer satisfaction among electric vehicle charging systems, according to a study by J.D. Power. The Supercharger system scored 739 out of 1,000 points, outperforming competitors like ChargePoint, EVgo, and Electrify America. The study also suggests potential shifts for non-Tesla EV owners due to the adoption of Tesla’s North American Charging Standard (NACS) by other automakers.

Portfolio Pulse from Ramakrishnan M

August 18, 2023 | 9:03 am

CALT

The FDA has granted priority review for full approval of Calliditas Therapeutics' TARPEYO for treating IgA Nephropathy. This could potentially expedite the drug's approval process.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 8:31 am

TSLA

Tesla China is reportedly preparing for the launch of the Model 3 Project Highland, with first deliveries potentially as early as September. To attract customers, Tesla is offering an RMB 8,000 ($1098.63) insurance subsidy on Model 3 inventory vehicles and increased insurance incentives for the all-electric sedan. Customers can reserve a Model 3 for RMB 1,000 ($137) and have the option to take delivery of a current generation Tesla Model 3 with all the current incentives or wait for a Model 3 Project Highland unit.

Portfolio Pulse from Benzinga Neuro

August 18, 2023 | 8:24 am

GOOG

GOOGL

META

A study by Arthur AI has evaluated the misinformation spread by AI models from companies like Meta Platforms Inc., OpenAI, Anthropic, and Cohere AI. The study found that OpenAI's GPT-4 model hallucinated significantly less than its predecessor, GPT-3.5, and Meta's Llama 2 model. Cohere AI disputed the results, asserting the effectiveness of their retrieval automated generation technology for providing verifiable citations.

Portfolio Pulse from Ananya Gairola

August 18, 2023 | 7:59 am