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HYMTF

TSLA

LG Energy Solution (LGES) and Hyundai Motor Co (OTC:HYMTF) announced a $4.3 billion joint venture to produce EV batteries in the US. The facility, with an annual production capacity of 30 GWh, will be located in Bryan County, Georgia, and is expected to start battery production by the end of 2025.

Portfolio Pulse from Anusuya Lahiri

May 26, 2023 | 11:39 am

BABA

BIDU

Baidu CEO Robin Li announced plans to launch Ernie 3.5, a generative AI large-language model that will power Baidu's ChatGPT-like app Ernie Bot and upgrade its search engine. This comes two months after Ernie Bot received mixed reviews. Alibaba's DAMO Academy is also working to incorporate a large-scale model into its Tmall Genie.

Portfolio Pulse from Anusuya Lahiri

May 26, 2023 | 11:37 am

HYMTF

Hyundai Motor Company and LG Energy Solution announced a $4.3 billion joint venture to manufacture EV battery cells in the US. The facility will be located in Georgia and have an annual production capacity of 30 GWh. Construction will begin in 2023, with battery production starting by the end of 2025.

Portfolio Pulse from Shivani Kumaresan

May 26, 2023 | 11:22 am

CMPS

COMPASS Pathways announced new long-term efficacy data of investigational COMP360 psilocybin in cancer patients with major depressive disorder will be presented at the Annual Meeting of the American Society of Clinical Oncology (ASCO).

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 11:03 am

EXAS

Exact Sciences plans to present 15 abstracts at the ASCO Annual Meeting 2023, showcasing its approach in multi-cancer early detection (MCED) and the long-term confidence in the prognostic value of the Oncotype DX Breast Recurrence Score.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 10:59 am

TSLA

Tesla customers have filed over 2,400 complaints about self-acceleration issues and 1,500 complaints about braking problems between 2015 and March 2022, according to leaked data from Tesla's IT system. The data leak also exposed weak data protection within the company, including employee salaries, customer bank details, and CEO Elon Musk's social security number.

Portfolio Pulse from Anan Ashraf

May 26, 2023 | 10:52 am

REGN

Regeneron Pharmaceuticals announced updated data from two Phase 2 expansion dose cohorts of linvoseltamab in patients with relapsed/refractory multiple myeloma, showing a 71% response rate. The LINKER-MM1 trial will form the basis of planned submissions to regulatory authorities, including the FDA, later this year. Regeneron also announced data from three independent cohorts of fianlimab and Libtayo in adults with advanced melanoma, demonstrating clinically meaningful and durable results.

Portfolio Pulse from Vandana Singh

May 26, 2023 | 10:40 am

PDSB

PDS Biotech shares rose 18% premarket after announcing a 12-month survival rate of 87% for head and neck cancer patients treated with PDS0101 in combination with Keytruda.

Portfolio Pulse from Charles Gross

May 26, 2023 | 10:34 am

AZN

MRK

AstraZeneca and Merck's combination of Imfinzi and Lynparza, added to platinum-based chemotherapy, showed positive results in the DUO-E Phase 3 trial for patients with newly diagnosed advanced or recurrent endometrial cancer. The treatment demonstrated a statistically meaningful improvement in progression-free survival compared to standard-of-care chemotherapy.

Portfolio Pulse from Vandana Singh

May 26, 2023 | 10:13 am

COHR

MIELF

MIELY

Coherent and Mitsubishi Electric have partnered to scale the manufacturing of SiC power electronics on a 200 mm technology platform. The collaboration aims to meet the growing demand for SiC power devices in various industries.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 10:06 am