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NARI

Inari Medical Inc's stock gained 21% after reporting Q2 revenues of $119.0 million, up 28.3% Y/Y, beating the consensus of $116.28 million. The company also reported a Q2 EPS of $0.04, a turnaround from an EPS loss of $(0.19), beating the consensus of $(0.14). Inari Medical announced a commitment to a new trial and launched two new products. The company raised the FY23 revenue guidance to $482 million-$492 million.

Portfolio Pulse from Vandana Singh

August 04, 2023 | 2:24 pm

OTEX

OpenText (NASDAQ:OTEX) has announced its new strategic approach to AI, opentext.ai, and OpenText Aviator, a family of AI capabilities within its Information Management Cloud Editions. The company also introduced OpenText Aviator Private Cloud, a new managed services offering to host and manage private Large Language Models (LLM) data and LLM models for OpenText private cloud customers. OpenText's AI approach aims to enable organizations to create new types of customer engagement, build smarter products, improve internal operations, and make smarter decisions.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 2:19 pm

DDOG

Datadog, Inc. (NASDAQ:DDOG) has announced the launch of Bits, a new AI-based assistant that helps engineers resolve application issues in real time. The AI assistant learns from customers' observability data and provides recommendations and automated remediation steps. The tool is designed to increase efficiency and reduce the time taken to resolve complex performance issues.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 2:17 pm

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The U.S. CDC Advisory Committee has unanimously recommended the routine use of Beyfortus, a drug developed by Sanofi and AstraZeneca, to protect infants against RSV disease. The recommendation applies to all infants below 8 months of age and children aged 8 to 19 months at increased risk of severe RSV disease. The Committee also voted to include Beyfortus in the Vaccines for Children program. Beyfortus is the first RSV prevention approved to protect all infants in the U.S. and will be available ahead of the 2023-2024 RSV season.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:17 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) has announced its plans for Gamescom 2023, which will feature the largest Xbox booth ever and the return of Xbox FanFest. The booth will showcase over 30 games across 150 gaming stations, including presentations for 'Starfield,' 'Forza,' and 'Ara: History Untold.' However, these games will not be playable at the event. The focus seems to be on games scheduled for release in 2023 or early 2024. Microsoft will also host three days of live streams from the Xbox booth.

Portfolio Pulse from Franca Quarneti

August 04, 2023 | 2:17 pm

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Activision Blizzard's 'Diablo 4' was the best-selling game in the U.S. in June, but sales have slowed. The game is the third best-selling of the year, following Warner Bros. Discovery's 'Hogwarts Legacy' and Nintendo's 'The Legend of Zelda: Tears of the Kingdom.' Square Enix's 'Final Fantasy 16' was the second best-selling game in June, but sales also slowed. Sony's PlayStation 5 dominated the hardware market in both unit and dollar sales.

Portfolio Pulse from Franca Quarneti

August 04, 2023 | 2:15 pm

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Vodafone's 'Economy of Things' Digital Asset Broker (DAB) has announced a strategic partnership with Aventus, a Web3 solutions provider. The partnership aims to leverage Web3's secure blockchain technologies to enhance security and efficiency in electronic trading and data exchange. The initial focus will be on the aviation sector's supply chain, with a solution involving blockchain-enabled SIM cards linked to cargo tracking pods through the DAB platform. Aventus already has established relationships at Heathrow Airport, where its blockchain solutions are used for managing and tracking aircraft unit load devices.

Portfolio Pulse from Jose Rodrigo Safdiye

August 04, 2023 | 2:14 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares are trading higher ahead of its Q2 financial results announcement. The company has also announced that it has surpassed 200 sales orders for its Class 8 Nikola hydrogen fuel cell electric vehicles. The company is expected to report a loss of 22 cents per share and revenue of $15.43 million.

Portfolio Pulse from Erica Kollmann

August 04, 2023 | 2:13 pm

DIS

ESPN is considering streaming games for professional leagues in local markets and has had preliminary discussions with MLB about carrying local broadcasts on ESPN+. The company may also offer a streaming version of its TV channel in the next 2-3 years. ESPN is also developing a hub for live sports, internally referred to as 'WSJ'.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 2:11 pm