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PEN

Baird has initiated coverage on Penumbra Inc (NYSE:PEN) with an Outperform rating and a price target of $375. The analyst notes that Penumbra, a pioneer in aspiration mechanical thrombectomy (MT), is set for robust revenue growth over the next 2-3 years, supported by various factors. The company's proprietary FLASH and BOLT MT systems, launched in 2023, are expected to drive growth. Penumbra has identified multiple large and underpenetrated addressable market opportunities in vascular and neuro segments. The company's ongoing clinical trials hold the potential to accelerate MT adoption and expand the addressable markets.

Portfolio Pulse from Vandana Singh

July 19, 2023 | 5:59 pm

CWBR

CohBar has received a Notice of Allowance for its U.S. patent application titled 'Therapeutic Peptides (for the treatment of metabolic disease, cancer, liver disease, and methods of modulating fatty acid metabolism)'. This could potentially strengthen the company's intellectual property portfolio and provide a competitive edge in the market.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 5:58 pm

AMLYX

Amylyx Pharmaceuticals Canada has entered into a Product Listing Agreement with British Columbia for the public reimbursement of ALBRIOZA, a drug used in the treatment of amyotrophic lateral sclerosis (ALS). British Columbia is the third province to provide public reimbursement for the drug. The decision ensures that British Columbians living with ALS who rely on public coverage can access timely treatment.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 5:56 pm

NFLX

Netflix has gained 1.5 million U.S. subscribers for its ad-supported tier since its launch in November. This is a small fraction of Netflix's total U.S. subscribers and significantly less than Hulu's 30 million ad-supported subscribers. Netflix recently eliminated its lowest-priced ad-free tier, making the ad-supported tier less than half the price of its cheapest ad-free tier.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 5:30 pm

EA

NTDOY

Electronic Arts (EA) has introduced gender-inclusive gameplay in 'FC 24', allowing male and female soccer players to compete on equal terms. The move has been criticized by some FIFA fans, but EA believes it can promote women's soccer and unite fans. EA has also implemented new tech to combat online toxic behavior. 'FC 24' will launch on Sept. 29 for various platforms, including the Switch from Nintendo (NTDOY).

Portfolio Pulse from Franca Quarneti

July 19, 2023 | 5:25 pm

AAPL

GOOG

Alphabet's shares are trading lower due to a report suggesting that Apple is developing AI tools, which could increase competition in the AI sector.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 5:10 pm

AAPL

Dan Ives, a well-known tech analyst, tweeted about Apple's potential move into AI, suggesting that it's a matter of when, not if, they release rival AI capabilities. He also predicted the deployment of an Apple AI App Store.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 5:10 pm

MSFT

Microsoft's stock is trading lower due to a report suggesting that Apple is developing AI tools that could compete with OpenAI.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 5:09 pm

H

SABR

Hyatt Hotels Corp has signed a deal with Sabre Corp to implement technology that will speed up the search and booking process. Sabre's SynXis Central Reservation System will become the primary Central Reservation System for Hyatt hotels from 2024. This will enhance Hyatt's reservation efficiency, simplify operations, and improve guest experience. Hyatt also signed a franchise agreement with JUEL Hospitality Limited to create the 160-room Hyatt Centric Malta in Europe.

Portfolio Pulse from Lekha Gupta

July 19, 2023 | 5:07 pm

MOND

Mondee Holdings Inc (NASDAQ:MOND) has launched Abhi, a mobile-first AI platform integrated into the Mondee Travel Marketplace. The AI platform simplifies travel planning and booking, and can create personalized travel guides. The Mondee Marketplace offers global travel options with AI-embedded curation across all components of travel. The launch of Abhi coincides with the first anniversary of Mondee's Nasdaq listing.

Portfolio Pulse from Shivani Kumaresan

July 19, 2023 | 5:01 pm