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The article covers a range of topics including retail earnings, crypto market movements, US politics, world politics, world economy, tech updates, electric vehicle news, financial risks, and industrial updates. Key highlights include Jim Cramer's advice on FAANG stocks, investor sentiment decline post July's PPI, Donald Trump's Ethereum holdings, Elizabeth Warren's push for $17 minimum wage, Apple's iPhone 15 Pro updates, Ford's collaboration with Tesla, US banks facing deposit flight threat, and US Steel's response to Cleveland-Cliffs' offer.

Portfolio Pulse from Akanksha Bakshi

August 14, 2023 | 12:51 pm

CPRX

Catalyst Pharmaceuticals (NASDAQ:CPRX) announced that multiple abstracts highlighting FYCOMPA (perampanel) will be presented at the 35th International Epilepsy Congress (IEC) in Dublin, Ireland. The presentations are by Eisai Co., Ltd., which holds the rights to FYCOMPA outside the U.S. The abstracts detail the results from clinical and real-world studies, documenting the uses of perampanel in both focal and generalized epilepsy across a diverse range of patients.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:49 pm

RMED

Ra Medical Systems, Inc. (NYSE:RMED) has received notification of allowance for the first patent for its LockeT product, a vessel closing device. This is the first of six patent applications on file in the US and several foreign countries. The company expects the product to be successful in the market for assisting in the closure of percutaneous wound sites.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:47 pm

TMC

TSHA

TSLA

Taysha Gene Therapies reported initial clinical data from the first adult Rett Syndrome patient dosed in REVEAL Phase 1/2 trial and provided a corporate update with Q2 2023 financial results. The Metals Company shares traded higher after announcing a registered direct offering at $2/share plus warrants. Tesla shares traded lower after the company cut some Model Y prices in China.

Portfolio Pulse from ryanfaloona@benzinga.com

August 14, 2023 | 12:43 pm

FRSX

Foresight Autonomous Holdings Ltd. (FRSX) has signed an agreement for two proof of concept (POC) projects with a leading global vehicle manufacturer. The projects aim to evaluate Foresight's automatic camera calibration and stereo vision enhancement solutions. If successful, the vehicle manufacturer may integrate Foresight's technology into its passenger vehicles, potentially improving safety measures.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:42 pm

GOOG

ICAD

iCAD, Inc. (NASDAQ:ICAD) has expanded its agreement with Google Health to integrate Google's AI technology with iCAD's ProFound Breast Health Suite for 2D Mammography. The technology will be used as an independent reader for breast cancer screening worldwide upon regulatory approval. The integration aims to address the global shortage of radiologists and improve efficiency in mammography reading. In a study, Google's AI system outperformed human readers in mammography reading, reducing the workload of the second reader by 88%.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:36 pm

GRI

GRI Bio, Inc. (NASDAQ:GRI) reported Q2 2023 financial results, with cash and cash equivalents of ~$4.8M. The company is advancing its clinical pipeline for inflammatory, fibrotic, and autoimmune diseases. It is preparing to launch a Phase 2a biomarker study for GRI-0621, a treatment for IPF, and expects to file an IND for GRI-0803 in H1 2024. GRI Bio recently completed a merger with Vallon Pharmaceuticals and began trading on Nasdaq under the ticker 'GRI'.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:35 pm

AMZN

GOOGL

MSFT

NVDA

Amazon is designing custom microchips, Inferentia and Trainium, for AWS' generative AI training and acceleration to bypass Nvidia GPUs for large language model training. Amazon Web Services CEO Adam Selipsky stressed the global demand for generative AI chips, including Amazon's designs. Microsoft invested $13 billion in OpenAI and quickly integrated generative AI models into its products. Google launched Bard LLM and invested $300 million in OpenAI competitor Anthropic. Amazon launched its own Titan LLMs and Bedrock service for enhancing software using generative AI.

Portfolio Pulse from Anusuya Lahiri

August 14, 2023 | 12:29 pm

VSAT

Viasat Inc. (NASDAQ:VSAT) has opened a Real-Time Earth (RTE) ground station in Hokkaido, Japan, enabling RTE customers to downlink Ka-band payload data in the northwestern Pacific. The new ground site provides unique access to a strategic location that reduces the time to deliver mission-critical data. Viasat is positioning itself as a global leader in Ka-band support for low earth orbit missions. The company's RTE Ka-band footprint now includes sites in Sweden, Ghana, South Africa, and Australia, with plans to expand to Alaska and Argentina later this year.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:16 pm

PBLA

Panbela Therapeutics has announced the issuance of a new patent in Europe for claims of a novel process for the production of SBP-101. This development could potentially enhance the company's intellectual property portfolio and its competitive position in the market.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 12:16 pm