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ENSC

Ensysce Biosciences has announced that the FDA has granted Breakthrough Therapy Designation for its product PF614-MPAR, which is a significant regulatory milestone that could expedite the development and review process for this potential treatment.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:04 pm

OTLK

Outlook Therapeutics has reached an agreement with the FDA under a Special Protocol Assessment for a 90-day non-inferiority study, named NORSE EIGHT. This study is a significant step in the company's development process for its treatments.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:03 pm

TM

Toyota Motor Corp. Chairman Akio Toyoda predicts that battery electric vehicles (EVs) will only achieve a maximum of 30% market share globally, with the rest being taken by hybrids, hydrogen fuel cell vehicles, and conventional fuel cars. Toyoda emphasized the need to reduce CO2 emissions and expressed concerns about limiting transportation for those without electricity. He defended Toyota's diversified approach to vehicle technology in response to criticism over the company's pace in adopting EVs.

Portfolio Pulse from Anan Ashraf

January 23, 2024 | 12:54 pm

POAHY

Porsche Automobil Holding SE (OTC:POAHY) has teased its upcoming electric Macan, which will be fully revealed in Singapore. The EV maintains Porsche's design ethos while offering a 100 kWh battery, fast charging up to 270 kW, and a range of over 500 km. This model is a key part of Porsche's electrification strategy, complementing the Taycan and marking a significant step in the company's sustainable mobility efforts.

Portfolio Pulse from Anan Ashraf

January 23, 2024 | 12:49 pm

BABA

BIDU

FXI

JD

KWEB

PDD

QQQ

Alibaba Group Holding Limited (BABA) and other Chinese peer stocks, including PDD Holdings Inc (PDD), Baidu, Inc (BIDU), and JD.Com, Inc (JD), are trading higher, in line with broader indexes iShares China Large-Cap ETF (FXI) and KraneShares Trust KraneShares CSI China Internet ETF (KWEB). The rally follows reports of China considering a $278 billion stimulus package to stabilize the stock market. Alibaba is also launching its first physical store for its online second-hand platform, Xianyu, which aligns with CEO Eddie Wu Yongming's innovation strategy. Last year, BABA stock lost 43%, while FXI and KWEB lost 34%-36%, in contrast to the U.S. tech index Invesco QQQ Trust, Series 1 (QQQ), which gained 46%.

Portfolio Pulse from Anusuya Lahiri

January 23, 2024 | 12:49 pm

JFBR

Jeffs' Brands Ltd's subsidiary, Fort Products Ltd., has entered into an exclusive distribution agreement with a leading manufacturer to sell and market solar panel protection products without territorial limitations. This deal allows Fort to operate as an independent distributor for these products.

Portfolio Pulse from Charles Gross

January 23, 2024 | 12:41 pm

THTX

Theratechnologies has been informed by the FDA that the review of its supplemental Biologics License Application for the F8 formulation of Tesamorelin will extend beyond the original PDUFA date of January 22. This indicates that the FDA requires more time to evaluate the application before making a final decision.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 12:38 pm

SNOA

Sonoma Pharmaceuticals has launched Lumacyn Clarifying Mist, a new over-the-counter product available directly to consumers in the United States. This product expansion could potentially increase the company's market presence and consumer base.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 12:35 pm

QCOM

TSLA

Carl Pei, co-founder of Nothing, thanked Elon Musk for featuring a Nothing phone in a Tesla Cybertruck advertisement. The cameo is significant as it coincides with the U.S. launch of the Nothing Phone (2), which is powered by Qualcomm's Snapdragon 8 Plus Gen 1 chipset. The endorsement from Musk could enhance Nothing's visibility in the U.S. market.

Portfolio Pulse from Rounak Jain

January 23, 2024 | 12:34 pm

NFLX

WWE

Netflix and WWE have entered into a long-term partnership that will make Netflix the exclusive home of WWE's 'Raw' program in the US, Canada, UK, and Latin America starting January 2025.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 12:34 pm