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ATVI

UBSFF

Ubisoft Entertainment SA (OTC:UBSFF) has indefinitely delayed the release of its first-person shooter game, XDefiant, due to persistent issues. The game, often compared to Activision Blizzard Inc's (NASDAQ:ATVI) Call of Duty, failed console quality control tests and showed inconsistencies during public test sessions. Ubisoft has not provided a new release date but is committed to resolving the issues.

Portfolio Pulse from Franca Quarneti

October 11, 2023 | 9:27 pm

ATXS

Astria Therapeutics has entered into an exclusive worldwide license agreement with Ichnos Sciences for an OX40 portfolio. Astria will pay Ichnos a one-time upfront license fee of $15M and up to $305M in milestones. Astria plans to submit an IND application for STAR-0310 by the end of 2024 and initiate a Phase 1a clinical trial in Q1 2025, with initial results expected in Q3 2025.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 9:13 pm

STLA

Stellantis NV's stock traded higher amid volatility in auto stocks due to the UAW strikes. The company, in partnership with Samsung SDI, announced Kokomo, Indiana, as the second site for their electric vehicle battery manufacturing facility in the U.S. The facility, part of the StarPlus Energy joint venture, is expected to start production in 2027 with an annual capacity of 34 gigawatt hours. The total investment for both facilities will be over $6.3 billion, creating 2,800 new jobs.

Portfolio Pulse from Ryan Gustafson

October 11, 2023 | 9:08 pm

SRRK

Scholar Rock is planning to advance its antimyostatin program to develop novel therapies for cardiometabolic disorders. The data from the clinical trial is expected in mid-2025 and will be used to inform further clinical development of SRK-439.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 8:46 pm

TSLA

Tesla Inc (NASDAQ:TSLA) has launched a video ad campaign at Tokyo Haneda International Airport in Japan, breaking its long-standing avoidance of conventional advertising. The ad features the company’s Model Y vehicle and its features like Superchargers, Camp Mode, and the Autopilot system. This move is seen as a strategy to expand beyond its loyal fan base and grow annual sales by 50%.

Portfolio Pulse from Chris Katje

October 11, 2023 | 8:33 pm

IGT

International Game Technology PLC (IGT) has secured a 10-year contract extension with Pan Malaysian Pools SDN BHD (PMP). The contract involves upgrading PMP's existing system technology to IGT's Aurora central lottery system and integrating it with PMP's proprietary dmcGO iLottery platform.

Portfolio Pulse from Charles Gross

October 11, 2023 | 8:32 pm

MSFT

NVDA

OpenAI is planning to release tools that will lower the cost for developers using its AI. The announcement is expected to be made at OpenAI's first developer conference next month, according to sources cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 8:29 pm

BITF

Geoff Morphy, President and COO of Bitfarms (NASDAQ:BITF), is set to speak at Benzinga's Future of Digital Assets conference on November 14. Morphy, who has over 35 years of experience in senior management roles across various sectors, will discuss the future trajectory of crypto mining and how sustainability will intertwine with its growth.

Portfolio Pulse from Murtuza Merchant

October 11, 2023 | 8:22 pm

SONY

Sony Group Corp. has announced the release of a PlayStation 5 Slim for the upcoming holiday season. The new model features a 1TB storage capacity, an increase from the original 825GB, and offers the option to add an Ultra HD Blu-ray Disc Drive to the PS5 Digital Edition. The PS5 Slim is smaller and lighter than previous models. The price of the PS5 Digital Edition has increased to $449.99, up from the original $399.99. The new PS5 comes with an included horizontal stand, and a vertical stand compatible with all PS5 models is available separately for $29.99.

Portfolio Pulse from Franca Quarneti

October 11, 2023 | 8:09 pm

NGM

NGM Bio has announced that it will present data from its Phase 2b ALPINE 4 trial of Aldafermin in compensated cirrhosis due to NASH at the upcoming AASLD The Liver Meeting. The presentation will be an oral plenary.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 8:07 pm