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SAP

SAP SE (NYSE:SAP) has announced a multiyear partnership with the Mercedes-AMG PETRONAS F1 Team to start in 2024. The collaboration aims to enhance operational efficiency and data insights for performance gains using SAP's S/4HANA Cloud, private edition, and AI technology. The partnership will focus on managing the cost-cap challenge and optimizing the supply chain, with SAP's technology enabling better resource allocation, cost forecasting, and supply chain management. This alliance is expected to set a new standard for the automotive industry, leveraging Formula One's innovative platform.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:08 pm

GDC

GD Culture Group has signed a Memorandum of Understanding with Pier E Media to expand into the TikTok agency business. This strategic move aims to leverage TikTok's growing platform for marketing and content creation services.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:06 pm

BIDU

Baidu's CEO announced during a conference call that the company expects its AI Cloud revenue to return to positive growth in the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:05 pm

PLSE

Pulse Biosciences has submitted a 510(k) application to the US FDA for its CellFX nsPFA Percutaneous Electrode, a device that could potentially enhance the company's product offerings in the medical device market.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:04 pm

LABP

Landos Biopharma has published the results of its NX-13 Phase 1b study in patients with ulcerative colitis in the Journal of Crohn's and Colitis. The study's findings are significant for the medical community and Landos Biopharma's development pipeline.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:02 pm

SILO

Silo Pharma Inc (NASDAQ:SILO) has entered into an exclusive license agreement with Medspray Pharma BV for its soft mist nasal spray technology, which will be used for Silo's intranasal drug SPC-15, aimed at treating PTSD, anxiety, Alzheimer's, and anorexia. The technology promises better nasal deposition and reduced systemic absorption, enhancing patient safety and therapeutic delivery. SPC-15, a 5-HT4 receptor agonist, could benefit from the FDA's 505(b)(2) pathway if successful in trials. Silo Pharma is conducting preclinical studies with Columbia University.

Portfolio Pulse from Vandana Singh

November 21, 2023 | 1:00 pm

SILO

Silo Pharma has announced that it has exclusivity covering multiple indications, including anxiety disorders, Alzheimer's disease, and anorexia. This could potentially enhance the company's intellectual property portfolio and provide a competitive edge in the development of treatments for these conditions.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:00 pm

SILO

Silo Pharma has entered into an exclusive license agreement with Medspray Pharma BV for intranasal technology to be used in SPC-15, a treatment for PTSD. This agreement could potentially enhance Silo Pharma's product offering and market position in the treatment of PTSD.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 12:59 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is preparing to deliver its first Cybertruck, four years after its initial unveiling. The electric pickup truck, which gained attention due to a failed durability demonstration, received 250,000 pre-orders in five days. Despite production delays, Tesla is now inviting guests to a delivery event on Nov. 30 at its Texas Gigafactory. Elon Musk has projected an annual delivery target of 250,000 Cybertrucks, potentially by 2025. Reservations for the Cybertruck have surpassed two million.

Portfolio Pulse from Anan Ashraf

November 21, 2023 | 12:38 pm

EADSY

Airbus SE (OTC:EADSY) has secured an order for 60 A320neo Family aircraft from SMBC Aviation Capital, adding to SMBC's total order of nearly 340 aircraft of this type from Airbus. This deal reaffirms the long-term strategic partnership between the two companies and supports Airbus' position as a leading aircraft manufacturer. The A320neo Family features new technologies for increased fuel efficiency and operational savings. Airbus also recently signed a deal with Ethiopian Airlines for 11 A350-900s. Airbus shares (EADSY) closed 1.03% higher at $36.38 on Monday.

Portfolio Pulse from Nabaparna Bhattacharya

November 21, 2023 | 12:34 pm