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AMZN

Amazon's cloud service, Amazon Web Services (AWS), has attracted thousands of customers to its foundational artificial intelligence (AI) service. The service is a key part of Amazon's strategy to dominate the cloud computing market.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 3:42 pm

AMZN

Amazon Web Services (AWS), a subsidiary of Amazon.com, Inc. (NASDAQ: AMZN), announced the expansion of its fully managed foundation model service, Amazon Bedrock. The expansion includes the addition of Cohere as a foundation model provider, new models from Anthropic and Stability AI, and a new feature for creating fully managed agents. This expansion aims to help customers build and scale generative AI applications more easily.

Portfolio Pulse from Charles Gross

July 26, 2023 | 3:27 pm

HRL

Hormel Health Labs, a division of Hormel Foods Corporation (HRL), has announced that its Thick & Easy® products will be available at Discount Drug Mart locations throughout Ohio. The products are designed to help those with dysphagia, a condition that makes swallowing difficult.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 3:15 pm

BA

During an investor call, a Boeing executive stated that the company is seeking stability at a production rate of 38 per month and readiness in the supply chain before approving a rate of 42 per month for the 737 model.

Portfolio Pulse from Charles Gross

July 26, 2023 | 3:14 pm

AZN

LLY

NVO

SNY

The UK's Medicines and Healthcare Products Regulatory Agency (MHRA) is scrutinizing diabetes and weight loss drugs sold by Novo Nordisk, including Ozempic and Wegovy, following reports of suicidal behavior. The agency is also reviewing type 2 diabetes medications from AstraZeneca, Sanofi, and Eli Lilly. The EU's drugs watchdog recently raised a thyroid cancer safety signal for Novo Nordisk's drugs.

Portfolio Pulse from Vandana Singh

July 26, 2023 | 3:07 pm

SMAR

Smartsheet has announced new AI features that enhance the capabilities of the Smartsheet platform. The new features are expected to provide more value to users by automating tasks and providing insights.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 3:05 pm

IXHL

Incannex Healthcare Limited (NASDAQ:IXHL) has completed a pre-Investigational New Drug Application (‘pre-IND’) meeting with the U.S. Food and Drug Administration for its proprietary drug product IHL-675A for treatment of rheumatoid arthritis. The FDA provided valuable feedback and confirmed that no further nonclinical studies are needed for the IND application. Incannex is incorporating this guidance into clinical trial designs and the overarching strategy for development of IHL-675A.

Portfolio Pulse from Vuk Zdinjak

July 26, 2023 | 2:56 pm

BA

Boeing's CFO has stated that it will take time for the company to consistently deliver 38 narrowbody 737s off the production line, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 2:48 pm

ABT

The FDA has announced that Abbott (ABT) is recalling its Amplatzer Steerable Delivery Sheath due to an increased risk of air embolism. The FDA has classified this as a Class I recall, the most serious type of recall which indicates that use of these devices may cause serious injuries or death.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 2:47 pm

GOOGL

MSFT

NVDA

TSM

Nvidia Corp (NVDA) is in focus as Microsoft Corp (MSFT) and Alphabet Inc (GOOG, GOOGL) post strong quarterly results. Both companies highlighted the role of AI in their growth. A report suggests that Nvidia and OpenAI could collaborate on an AI model that can combine millions of GPUs. Nvidia has already supplied around 20,000 of its new AI GPUs to OpenAI for further expansion. Nvidia is also working with Taiwan Semiconductor Manufacturing Company Ltd (TSM) to increase supply.

Portfolio Pulse from Anusuya Lahiri

July 26, 2023 | 2:46 pm