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TNXP

Tonix Pharmaceuticals Holding Corp. (TNXP) has completed the acquisition of two FDA-approved, marketed migraine products from Upsher-Smith Laboratories. The products, Zembrace SymTouch and Tosymra, generated sales of approximately $23 million in 2022.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 11:02 am

AAPL

AMZN

BBY

Retailers are offering discounts on several products for the 4th of July sales, including Apple's MacBooks and iPads, Amazon's Fire TV, LG's OLED 4K Smart TV, Samsung's Galaxy S23 Ultra, Apple's AirPods, and electric bikes and scooters. The discounts are available on Amazon and Best Buy.

Portfolio Pulse from Rounak Jain

July 03, 2023 | 10:53 am

MZDAY

PCRFY

TSLA

Panasonic Energy, a subsidiary of Panasonic Holdings Corp, plans to build four more factories to boost its annual capacity of batteries for electric vehicles by 2031. The company is open to potential joint ventures for EV battery production, including with automaker Mazda Motor Corp. The company aims to boost annual EV capacity to 200-gigawatt hours (GWh) by early 2031, around four times greater than its capacity in March this year.

Portfolio Pulse from Anusuya Lahiri

July 03, 2023 | 10:40 am

RIVN

Rivian Automotive's VP of software development, Wassym Bensaid, shared his vision for AI-enhanced electric vehicles at the Data+AI Summit. He envisions a future where vehicles self-monitor their health and an AI agent detects potential problems. Rivian uses AI to enhance its battery system and uses the Databricks Lakehouse platform for data, analytics, and AI. However, the company has chosen a human-centric approach for customer support, rejecting the use of automated bots.

Portfolio Pulse from Anan Ashraf

July 03, 2023 | 10:39 am

MRNA

Moderna Inc has submitted a regulatory application to the European Medicines Agency for its updated COVID-19 vaccine targeting the XBB.1.5 sublineage of SARS-CoV-2. The application follows guidance from the European Centre for Disease Prevention and Control and the EMA. Moderna has also generated preliminary clinical data showing an immune response against XBB descendent sublineages. The company is prepared to deliver updated vaccines for the fall vaccination season.

Portfolio Pulse from Vandana Singh

July 03, 2023 | 10:26 am

DWAC

META

Truth Social, the social media platform owned by Trump Media & Technology Group (TMTG), is now available for download worldwide. This comes amidst controversy surrounding Elon Musk's recent changes to Twitter. Digital World Acquisition Corp (NASDAQ:DWAC), a blank-check company, is expected to merge with TMTG. Meanwhile, Meta Platforms Inc. (NASDAQ:META) is preparing to launch its Twitter clone, Threads.

Portfolio Pulse from Ananya Gairola

July 03, 2023 | 10:12 am

ZLDPF

Zealand Pharma has reported data from part 1 of its multiple ascending dose trial with ZP8396 for obesity. The results showed a mean weight loss of 5.3% and 5.1% at 0.6 and 1.2 mg doses respectively, compared to 2.6%, 3.6%, and 4.2% at doses of 0.7, 1.4, and 2.4 mg doses.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 10:08 am

AZN

DSKNY

AstraZeneca reported high-level results from the TROPION-Lung01 Phase 3 trial of datopotamab deruxtecan (Dato-DXd) in patients with advanced or metastatic non-small cell lung cancer. The drug showed a statistically significant improvement for progression-free survival compared to the current standard of care chemotherapy. However, some adverse events were observed, including some Grade 5 events (Death related to AE), which may be causing investor concern. The drug is jointly developed by AstraZeneca and Daiichi Sankyo.

Portfolio Pulse from Vandana Singh

July 03, 2023 | 9:50 am

AAPL

Apple has been forced to make significant cuts to production forecasts for its Vision Pro headset due to design complexity, according to the Financial Times.

Portfolio Pulse from Charles Gross

July 03, 2023 | 9:13 am

GOOG

GOOGL

SPOT

Spotify Technology S.A. is reportedly exploring the addition of full-length music videos to its app, intensifying competition with Alphabet Inc’s YouTube and ByteDance Ltd’s TikTok. The company has begun discussions with partners about the product. Spotify has been working to establish video as a core part of its app to attract the Gen Z audience. The company's shares closed higher by 0.81% at $160.55 on Friday.

Portfolio Pulse from Anusuya Lahiri

July 03, 2023 | 9:13 am