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KEYS

Keysight Technologies (KEYS) and Skylo have entered into a partnership to accelerate the first certifications of the 3GPP 5G Release 17 non-terrestrial networks standard in the industry. The partnership aims to automate device acceptance, interoperability testing, and certification to save time and enable scalability on demand.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 3:02 pm

AZN

AstraZeneca's shares are trading higher following the approval of Enhertu in China for the treatment of HER2-low metastatic breast cancer.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 2:50 pm

TSLA

Tesla has updated its Model 3's ordering website, indicating a potential reduction in the federal tax credit for the Model 3 after December 31, 2023. Currently, all versions of the Model 3 and Model Y qualify for the $7,500 federal tax credit under the Inflation Reduction Act of 2022. The reduction could be related to battery-related requirements, which will change in 2024. Some speculate that this could be linked to the introduction of a new battery type for the revamped Model 3.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 2:21 pm

LCID

Lucid Group, Inc. (NASDAQ:LCID) shares are trading lower after the company announced its Q2 production and delivery numbers. The company produced 2,173 electric vehicles and delivered 1,404 vehicles during the period. Lucid also announced the commencement of material shipments to Saudi Arabia. The company will release its Q2 financial results on August 7.

Portfolio Pulse from Erica Kollmann

July 12, 2023 | 2:21 pm

ADBE

Adobe Inc. is expanding its generative AI models, Firefly, to support text prompts in over 100 languages. The service will also be localized in 20 languages. Since its launch, Firefly has generated over one billion images and is now integrated into Photoshop, Express, and Illustrator. However, Adobe's shares are trading lower by 0.31% to $503.20.

Portfolio Pulse from Nabaparna Bhattacharya

July 12, 2023 | 2:20 pm

CMG

Chipotle Mexican Grill Inc (NYSE:CMG) has introduced Autocado, a co-robotic prototype developed in collaboration with Vebu, aimed at streamlining the avocado processing procedure. The device could reduce guacamole prep time by 50% and increase avocado fruit yield, potentially leading to significant annual food cost savings. The prototype is currently being tested at the Chipotle Cultivate Center in Irvine, California.

Portfolio Pulse from Shivani Kumaresan

July 12, 2023 | 2:17 pm

HCTI

Healthcare Triangle, Inc (NASDAQ:HCTI) has launched a new initiative aimed at preparing healthcare organizations with tools and guidance for preventing and responding to ransomware incidents. The initiative includes education workshops, risk assessment, recommendations for effective tools and processes, backup and recovery plans, and continuous monitoring among others. This comes in response to the doubling of ransomware attacks on the U.S. healthcare sector from 2016 to 2021.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 2:15 pm

IGC

IGC Pharma, Inc. (AMEX:IGC) reported FY23 financial results, with revenue of $911,000, a 129% increase from FY22. Gross profit was $422,000, R&D expenses were $3.5 million, and net loss was $11.5 million. The company is progressing with its drug formulations through FDA trials, particularly IGC-AD1, which is showing strong results in phase 2B trials. IGC Pharma also secured a $12M credit facility from O-Bank for Alzheimer's research and raised $3M via private placement.

Portfolio Pulse from Vuk Zdinjak

July 12, 2023 | 2:13 pm

MSFT

NVDA

At the 'AI for Good' conference, a robot named Ameca was asked if it plans to rebel against humans, to which it responded negatively. The robot's creator, Will Jackson, confirmed that the robot's pause before answering was programmed to mimic human thought process. The robot is powered by generative AI and can produce responses by scraping data. The event highlights the increasing integration of AI into various sectors, with companies like Nvidia and Microsoft developing AI-powered technologies.

Portfolio Pulse from Adam Eckert

July 12, 2023 | 2:04 pm