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JAZZ

Autifony Therapeutics has signed an exclusive global licensing agreement with Jazz Pharmaceuticals, worth up to $770.5 million, to develop and commercialize treatments for neurological disorders.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 7:20 am

ABSI

Absci Corporation (NASDAQ:ABSI) has partnered with Almirall S.A. to develop AI-designed therapeutics for dermatological diseases. Absci will use its generative AI technology to create treatments for two targets, with potential earnings of up to $650 million in royalties and milestone payments.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 7:19 am

MOLN

Molecular Partners, a biotech company, is set to present its advancements in DARPin oncology at the Protein & Antibody Engineering Summit Europe. This presentation could highlight the company's progress in developing novel cancer treatments using its proprietary DARPin platform.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 7:06 am

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) released an incorrect over-the-air software update, causing issues for some drivers, including vehicles being stranded or infotainment systems failing. The company acknowledged the mistake and is working on reaching out to affected customers for service, which may include physical repairs. The impact of the error on customer experience and vehicle functionality has led to varied customer reactions on social media.

Portfolio Pulse from Anan Ashraf

November 14, 2023 | 6:55 am

DOGEUSD

SHIBUSD

The meme cryptocurrency MEME has seen a 50% increase in value, outperforming Dogecoin (DOGE) and Shiba Inu (SHIB), which fell by 2-4%. MEME's market cap rose to $288 million, and its trading volume surged by over 780%. Despite having no utility or roadmap, MEME's success is partly due to its association with the Memeland Group and 9GAG. The token is not intended for use as a payment method, and its white paper includes a disclaimer to this effect.

Portfolio Pulse from Mehab Qureshi

November 14, 2023 | 5:30 am

AMZN

Amazon Inc. (NASDAQ:AMZN) is refocusing its gaming strategy to prioritize delivering free games through Prime Gaming, resulting in the elimination of over 180 jobs and the shutdown of Crown Channel and Game Growth initiatives. The company is also concentrating on upcoming game launches such as 'Throne and Liberty' and 'Blue Protocol', as well as future projects like 'Tomb Raider' and 'The Lord of the Rings' games. This follows previous layoffs in the video-game division and broader company layoffs due to slow online sales growth and recession concerns.

Portfolio Pulse from Ananya Gairola

November 14, 2023 | 4:24 am

LCID

Lucid Group Inc (NASDAQ:LCID) has entered into a strategic partnership with Riyadh Air, a new airline founded by Saudi Arabia's Crown Prince Mohammed bin Salman and wholly owned by the Public Investment Fund (PIF). The partnership includes a memorandum of understanding to explore co-marketing, commercial, and operational collaborations. Lucid, which is 60% owned by the PIF, also recently opened a new EV manufacturing facility in Saudi Arabia. At the Dubai Airshow, Lucid Air vehicles are showcased with Riyadh Air branding.

Portfolio Pulse from Anan Ashraf

November 14, 2023 | 3:47 am

MSFT

NVDA

OpenAI CEO Sam Altman expects the chip shortage, which has driven up the price of Nvidia's H100 processors, to ease next year as more companies introduce alternatives. OpenAI, backed by Microsoft, relies on Nvidia GPUs for AI applications like ChatGPT. Nvidia aims to triple GPU production by 2024, and competition is expected from companies like Google, Microsoft, and AMD. Nvidia's CEO Jensen Huang cautions that no company's survival is assured despite the AI boom.

Portfolio Pulse from Benzinga Neuro

November 14, 2023 | 3:19 am

TSLA

Tesla Inc (NASDAQ:TSLA) has increased the prices of its Model 3 and Model Y rear-wheel drive (RWD) versions in China. The Model 3 RWD price rose by 1,500 yuan, while the Model Y RWD saw a 2,500 yuan hike. Other variants and models' prices remain unchanged. Despite the increase, the Model Y RWD is still cheaper than its October 2022 price. The price adjustments follow recent hikes for the Model 3 and Model Y Long Range versions in China.

Portfolio Pulse from Anan Ashraf

November 14, 2023 | 2:35 am

BABA

DWAC

NIO

SBLK

TSLA

U.S. stocks showed mixed performance with the Dow Jones slightly up and NASDAQ slightly down. Digital World Acquisition Corp. (DWAC) made news with its merger progress with Trump Media & Technology Group. Alibaba (BABA) faced economic challenges but managed Singles Day with strategic discounting. NIO Inc. (NIO) added a new independent director to its board. Star Bulk Carriers Corp. (SBLK) reported strong quarterly net income and declared a dividend. Tesla (TSLA) saw a significant stock surge amid reports of potential tax cuts for EV imports in India.

Portfolio Pulse from Benzinga Neuro

November 14, 2023 | 2:03 am