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Amazon is expected to offer deeper discounts on Prime Day 2023, potentially adding $4 billion - $6 billion of incremental revenue. Apple expands its retail channels in China by opening a store on WeChat. Morgan Stanley hires Marco Caggiano from JPMorgan to lead its M&A division. Meta Platforms' Threads app is estimated to generate $8 billion in annual revenue over the next two years. Charter Communications plans to introduce a new two-tier cable package system. Renault and Geely Automobile form a JV to launch a new powertrain technology company. WD-40 reports better than expected Q3 earnings. New York Times will shut down its sports desk and shift its daily coverage to The Athletic. Uber's CFO Nelson Chai plans to leave the company. KKR is reportedly exploring options for its majority interest in NVC Lighting's China business. Microsoft confirms additional job cuts following the 10,000 layoffs announced in January.

Portfolio Pulse from Vandana Singh

July 11, 2023 | 1:27 pm

GNPX

Genprex has received Fast Track designation from the FDA for its small cell lung cancer drug candidate. This could potentially expedite the drug's development and review process.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 1:16 pm

PULM

Pulmatrix, Inc. (NASDAQ:PULM) has submitted an investigational new drug (IND) application to the FDA for PUR3100, a drug under development to treat acute migraine. The drug uses Pulmatrix's proprietary dry powder delivery technology, iSPERSE™. The IND includes a Phase 2 clinical protocol to investigate the safety and preliminary efficacy of PUR3100 in patients with acute migraine. Phase 1 study data showed similar pharmacokinetics to intravenous DHE with fewer side effects.

Portfolio Pulse from Happy Mohamed

July 11, 2023 | 1:06 pm

UPWK

Upwork (NASDAQ:UPWK) has announced a major expansion of AI offerings and resources, including the launch of a new AI Services hub. The hub connects companies with skilled independent professionals in AI fields and offers new features powered by OpenAI technologies. Upwork has also partnered with Jasper, a generative AI content generation platform, to offer modern generative AI tools. The company has seen a 450% growth in weekly job posts related to generative AI compared to last year.

Portfolio Pulse from Happy Mohamed

July 11, 2023 | 1:04 pm

SSTK

Shutterstock, Inc. (NYSE:SSTK) has expanded its partnership with OpenAI through a new six-year agreement. Shutterstock will provide high-quality training data for OpenAI models, solidifying its position as a leading provider in this field. The expanded collaboration includes a license for OpenAI to access additional Shutterstock training data, including image, video, and music libraries. Shutterstock will also gain priority access to the latest OpenAI technology and continue to leverage DALL·E's generative text-to-image capabilities.

Portfolio Pulse from Happy Mohamed

July 11, 2023 | 1:02 pm

LEBGF

TOON

Kartoon Studios, Inc (NYSE:TOON) has announced plans to launch STAN LEE COMICS, a line of digital and print comic books based on never-before-released stories and characters created by Stan Lee. The company is partnering with online book streaming platform and multimedia publisher Legible Inc (OTC: LEBGF) to develop and distribute approximately 12 original comic book series. Recently, Legible secured print and digital print rights to bring a selection of Kartoon Studios’ IP to life through multimedia-enriched eBooks.

Portfolio Pulse from Anusuya Lahiri

July 11, 2023 | 1:00 pm

LEBGF

TOON

Kartoon Studios' subsidiary, Stan Lee Universe LLC, has partnered with Legible for the publication and distribution of Stan Lee comics across a broad digital and print platform.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 1:00 pm

ANIX

Anixa Biosciences, Inc. (NASDAQ:ANIX) has been granted a Canadian patent for its Chimeric Antigen Receptor-T cell (CAR-T) cancer treatment technology. The technology, which is currently being evaluated for the treatment of ovarian cancer in a Phase 1 clinical trial, has been licensed from The Wistar Institute and is being developed in partnership with Moffitt Cancer Center. The patent covers a nucleic acid that encodes a chimeric protein used to treat certain types of cancer.

Portfolio Pulse from Happy Mohamed

July 11, 2023 | 12:51 pm

NWTN

NWTN has signed a Memorandum of Understanding (MOU) with the Abu Dhabi Department of Economic Development to promote the auto industry in Abu Dhabi. The MOU includes the establishment of an integrated production line and expansion of NWTN's factory in Abu Dhabi. The agreement aims to advance the modern automobile industry and transportation in Abu Dhabi, in line with the Industrial Vision 2031.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 12:51 pm

NIO

NIO Inc's stock has been on the rise, with shares trading higher after an 8% increase on Monday. The stock is now up more than 20% over the last month. This is due to Nio's delivery update for the second quarter and June, where it reported delivering 10,707 vehicles in June, up from 6,155 vehicles in May. The company also launched and commenced deliveries of the ET5 Touring in mid-June and started ramping up deliveries of its ES8 SUV toward the end of the month.

Portfolio Pulse from Adam Eckert

July 11, 2023 | 12:48 pm