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ALNY

Alnylam Pharmaceuticals announced 18-month results from the APOLLO-B Phase 3 study of patisiran, an investigational RNAi therapeutic for ATTR amyloidosis with cardiomyopathy. The results showed sustained benefits in functional capacity, health status, and quality of life, as well as cardiac stress and injury. The safety profile remained consistent with the 12-month double-blind period, with no new safety findings.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2023 | 7:48 pm

CYTK

Cytokinetics (NASDAQ:CYTK) presented new data from Cohort 4 of REDWOOD-HCM, a Phase 2 clinical trial of aficamten in patients with non-obstructive hypertrophic cardiomyopathy (nHCM). The treatment showed statistically significant improvements in various health measures, and a Phase 3 clinical trial is set to begin in 2H 2023.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2023 | 7:46 pm

ABT

Abbott announced that its AVEIR DR i2i IDE study, the first prospective study on the safety and performance of the world's first dual-chamber leadless pacemaker, met all three primary safety and performance endpoints. The data has been submitted to the FDA for approval of the AVEIR DR device.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2023 | 7:45 pm

META

Meta Platforms Inc. CEO Mark Zuckerberg's fortune has grown by $44 billion this year, ranking him as the 12th richest person with a net worth of $89.9 billion. Meta's Instagram is developing a new Twitter-like text app, and the company's revenue outlook is brightening, with analysts setting a target of $320 a share.

Portfolio Pulse from Bibhu Pattnaik

May 20, 2023 | 5:07 pm

FSR

GOEV

TM

TSLA

EV stocks closed the week ended May 19 on a positive note, with Tesla stock rising to a one-month high. Key events include Tesla's annual shareholder meeting, Fisker's announcement of the next phase of production for its Ocean SUVs, Ford's decision to scale back investments in China, and Canoo's narrowed Q1 loss. Toyota remains cautious about EV adoption due to high raw material costs and a muted outlook on charging infrastructure.

Portfolio Pulse from Shanthi Rexaline

May 20, 2023 | 1:51 pm

PLTR

Palantir CEO Alex Karp emphasized the importance of focusing on internal resources and organizational issues in the West to maintain its global standing in technology, particularly AI, at the 2023 Copenhagen Democracy Summit. He also highlighted the need for local technological sovereignty and addressing data sovereignty and standardization issues.

Portfolio Pulse from Michael Cohen

May 20, 2023 | 12:08 pm

AAPL

AMZN

Apple Inc. is actively pursuing top talent in the field of generative artificial intelligence (AI), as evidenced by numerous job ads on its career page. This comes amidst ambiguous signals from Apple concerning its stance on generative AI, with CEO Tim Cook expressing interest but emphasizing careful consideration. Meanwhile, Amazon.com, Inc. is also searching for senior software engineers and AI specialists.

Portfolio Pulse from Ananya Gairola

May 20, 2023 | 11:57 am

AAPL

Apple released its first-ever App Store Transparency Report, revealing 1.7 million apps, 373 million weekly searches, and app rejections. The report comes as part of a $100 million settlement with App Store developers and amid pressure to allow third-party app stores on iPhones and iPads.

Portfolio Pulse from Ananya Gairola

May 20, 2023 | 10:48 am

TSLA

Tesla shares rallied 7% for the week, reaching $180 for the first time in a month. Key catalysts include CEO Elon Musk's focus on Tesla, two next-gen vehicles by late 2024, Cybertruck's commercial launch, small-scale advertising, and the potential $5-10 trillion market opportunity for the Optimus bot.

Portfolio Pulse from Shanthi Rexaline

May 20, 2023 | 7:42 am

MMNFF

SHWZ

TCNNF

VRNOF

The Lexi Hotel in Las Vegas is set to become the city's first cannabis-friendly hotel, opening on June 2. TruReleaf MD is expanding to Mississippi, providing medical cannabis certifications. Ten new cannabis stores have opened across the US, including locations in New Jersey, Pennsylvania, California, Colorado, Illinois, Florida, and Ohio.

Portfolio Pulse from Jelena Martinovic

May 20, 2023 | 12:51 am