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PSTX

Poseida Therapeutics has received FDA Orphan Drug Designation for its treatment of Ornithine Transcarbamylase Deficiency. This designation provides certain benefits including tax credits, market exclusivity for seven years, and exemption from certain FDA fees.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 4:31 pm

AAPL

GOOG

GOOGL

MSFT

OpenAI has announced that its ChatGPT app for Android is now available in all countries and regions where ChatGPT is supported. The company is continuously working to increase the number of locations where it can provide safe access to its services.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 4:14 pm

MYMD

MyMD Pharmaceuticals Inc announced positive results from its Phase 2 study of MYMD-1, a drug for chronic inflammation associated with sarcopenia or age-related frailty. The study met its primary and secondary endpoints, showing significant reduction in inflammatory markers and no treatment-related adverse events. The company plans to discuss a Phase 3 study with the FDA. MYMD shares are up 5.45%.

Portfolio Pulse from Vandana Singh

July 31, 2023 | 4:11 pm

UPWK

Upwork Inc (NASDAQ:UPWK) has partnered with AI research and deployment company OpenAI to provide OpenAI Experts on Upwork. The initiative will offer OpenAI customers and other businesses direct access to independent professionals experienced in working with OpenAI technologies. The program will also draw from the 250 unique AI skills available on Upwork, including GPT-4, Whisper, and AI model integration.

Portfolio Pulse from Shivani Kumaresan

July 31, 2023 | 3:59 pm

GDRX

GoodRx Holdings, Inc. (GDRX) shares are trading higher after TD Cowen upgraded its rating of the stock to Outperform and raised its price target from $6.5 to $12. The company's shares are up more than 30% on heavy trading volume. GoodRx also announced the release of its Medicine Cabinet app for iOS and will report its Q2 financial results on Aug. 9.

Portfolio Pulse from Erica Kollmann

July 31, 2023 | 3:52 pm

AAPL

GOOG

MSFT

OpenAI, the company behind ChatGPT, has filed for a trademark for ChatGPT-5, indicating a more advanced version of the AI chatbot may be coming soon. This comes amid reports of declining active users for ChatGPT. Microsoft, a major investor in OpenAI, recently announced new pricing plans for its AI-powered Office tools. Other companies like Alphabet and Apple are also developing their own proprietary technologies.

Portfolio Pulse from Aaron Bry

July 31, 2023 | 3:48 pm

APD

Air Products (NYSE: APD) announced a significant investment to increase production capacity at its LNG equipment manufacturing facility in Port Manatee, Florida. The investment will increase the company's manufacturing capacity by almost 20%, improving equipment delivery schedules. This follows a previous expansion in 2019 that increased the facility's capacity by 60%. The company's LNG process technology and equipment are used to produce a majority of the total worldwide LNG.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 3:46 pm

AAPL

DIS

Apple is rumored to be in talks with Disney for a partnership with ESPN to bring sports content directly to consumers. This move could accelerate Apple's entry into sports content for its Apple TV app. Disney CEO Bob Iger, a former Apple board member, could be a key player in the deal. The partnership could see ESPN content available on Apple devices as early as 2025. The financial aspect of the partnership is not expected to be an issue, with Disney potentially requiring around $5 billion for a 10% stake in ESPN.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 3:44 pm

MSFT

Microsoft's Office revenues reached approximately $49 billion in FY2023, up around 70% from FY2018, with Office 365 Commercial now having around 400 million paid seats. The company is also seeing success with its higher value offerings. Microsoft recently announced its generative AI product, Microsoft 365 Copilot, which will be charged at $30 per user per month. The rapid adoption of GitHub Copilot, another Microsoft product, reflects its significant impact on developer productivity. The company's recent results and future opportunities exemplify confidence in Microsoft's future.

Portfolio Pulse from The Science Of Hitting

July 31, 2023 | 3:44 pm

KODK

Kodak's VP of Industrial Films and Chemicals has discussed the unique skills and infrastructure that the company brings to the EV battery industry in a video posted on Twitter.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 3:43 pm