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Meta's Threads app has reached 100 million users in five days, making it the fastest-growing consumer application in history. Nanobiotix has entered a global licensing, co-development, and commercialization agreement with Janssen Pharmaceutica, a unit of Johnson & Johnson, for the investigational radioenhancer NBTXR3. GSK's Arexvy vaccine for respiratory syncytial virus has been approved in the UK for older adults. BT Group's CEO Philip Jansen is stepping down within the next 12 months. Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Vedanta, impacting India's chipmaking plans. General Motors has reduced the starting price for the Cadillac Lyriq by 14% in China. SVB Financial Group is suing the U.S. Federal Deposit Insurance Corporation to recover $1.93 billion. Saudi National Bank's plan to increase its stake in UBS Group's Credit Suisse has been halted by Swiss regulator FINMA. Godrej Aerospace is planning to invest in General Electric's GE414 engine manufacturing operations. Carl Icahn has revised loan agreements and recovery strategy after a short-seller attack led to a 40% drop in Icahn Enterprises' shares. Novo Nordisk's weight-loss medications are under European investigation over suicidal risks. Alibaba's Youku is airing a series focusing on China's semiconductor leadership.

Portfolio Pulse from Vandana Singh

July 10, 2023 | 2:30 pm

GOOGL

MSFT

Google, a subsidiary of Alphabet Inc., is testing its medical AI chatbot, Med-PaLM 2, at Mayo Clinic. The chatbot can answer questions and summarize documents. It is a variant of the PaLM 2 language model, which also powers Google Bard. Google has trained Med-PaLM 2 on questions and answers from medical licensing exams. Microsoft is also developing an AI chatbot for the healthcare industry.

Portfolio Pulse from Rounak Jain

July 10, 2023 | 2:16 pm

META

Meta Platforms Inc's (NASDAQ:META) shares rose by 0.87% after its Threads platform reached 100 million users within five days of its release, making it the fastest-growing consumer application in history. The previous record was held by ChatGPT, which reached the same milestone in two months. Threads is a text-only app introduced as a competitor to Twitter.

Portfolio Pulse from Henry Khederian

July 10, 2023 | 2:12 pm

IPAR

Inter Parfums Inc (NASDAQ:IPAR) has signed an exclusive worldwide fragrance license agreement with the Roberto Cavalli brand. The deal will be effective from July 6, 2023, and will see IPAR's subsidiary manage the Cavalli fragrance business. The company plans to modernize and elevate the fragrance portfolio, with brand extensions planned for 2024 and a new scent for women in 2025. In Q1 2023, IPAR reported revenues of $311.7 million and an EPS of $1.68.

Portfolio Pulse from Lekha Gupta

July 10, 2023 | 1:57 pm

FXI

GM

General Motors Co (GM) has announced plans to increase its electric vehicle (EV) manufacturing capacity in China, aiming to produce more than 1 million units annually by 2025.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 1:54 pm

FXI

GM

General Motors (GM) reported Q2 deliveries of over 526,000 vehicles in China, including over 115,000 new energy vehicles. The company also saw double-digit growth for the Chevrolet and Cadillac brands. GM remains on track to launch more than 20 new and refreshed models in China this year.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 1:52 pm

IMMX

Nexcella, a subsidiary of Immix Biopharma, has completed its initial CAR-T NXC-201 engineering batch at its U.S. manufacturing site. This is a significant step towards expanding the Phase 1b/2a NEXICART clinical trial to the U.S. NXC-201 is the first CAR-T being developed in AL Amyloidosis and has shown promising results in relapsed/refractory AL amyloidosis and multiple myeloma patients. The therapy could potentially reduce hospitalization costs by up to 80%.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 1:47 pm

CBAT

CBAK Energy Technology's subsidiary, Nanjing CBAK New Energy Technology, has signed a strategic agreement with Guangzhou Echom Science & Technology. Echom will purchase about ¥180 million worth of CBAK Energy's cylindrical lithium-ion batteries over the next three years. Echom is also obligated to prioritize CBAK Energy's batteries in its new energy storage products and ensure that over 50% of its relevant products utilize CBAK Energy's batteries.

Portfolio Pulse from Shivani Kumaresan

July 10, 2023 | 1:47 pm

AAPL

AMZN

Apple Inc. has released two new ads on YouTube, highlighting the crash detection feature available on all iPhone 14 models and the long battery life of the iPhone 14 Plus. The first ad shows the crash detection feature in action, while the second ad emphasizes the long battery life of the iPhone 14 Plus. Additionally, discounts on Apple products are available on Amazon ahead of the Amazon Prime Days sale.

Portfolio Pulse from Rounak Jain

July 10, 2023 | 1:46 pm

META

Meta Platforms Inc.'s Threads platform has reached 100 million users, leading to an increase in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 1:40 pm