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AMC

AMC Entertainment Holdings Inc announced that Beyonce's Renaissance World Tour will be released as a theatrical concert experience by AMC Theatres Distribution in the U.S., Canada, and Mexico starting Dec. 1. This comes as AMC is testing the demand for concert-like theatrical showings with the release of Taylor Swift's Eras Tour on Oct. 13. When tickets became available in the U.S. at the end of August, AMC said the concert film set a single day record for ticket sales revenue.

Portfolio Pulse from Adam Eckert

October 02, 2023 | 6:14 pm

AMD

ARM

INTC

NVDA

SSNLF

Canadian AI chip startup Tenstorrent has partnered with Samsung's contract chip manufacturing division to produce a new AI chip, Quasar. The partnership comes after a $100 million capital raise in which Samsung and Hyundai Motor Co invested in Tenstorrent. The company is focusing on data centers and exploring opportunities in diverse markets, including the automotive sector. Samsung has also reportedly won a contract to supply advanced memory chips to Nvidia.

Portfolio Pulse from Anusuya Lahiri

October 02, 2023 | 5:56 pm

PRAX

Praxis Precision Medicines provided an update on its portfolio at its 2023 R&D Day. The company reported positive preliminary results from PRAX-222 Part 1, with a 44% median reduction in seizures after three doses for SCN2A-gain-of-function pediatric patients. The Phase 3 program for ulixacaltamide is set to begin this quarter, with nearly 600 patients expressing interest in participating. Praxis expects to submit a New Drug Application for ulixacaltamide in 2025. The company also shared additional data from the Phase 1 study of PRAX-628, reinforcing its potential as a next-generation precision anti-seizure medication.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 5:22 pm

CRKN

Crown Electrokinetics (CRKN) will be issued U.S. Patent Number 11,773,647 titled 'Two Particle Electrophoretic Laminate For Use With Smart Windows With Reduced Diffraction'.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 5:01 pm

AAPL

AMZN

DIS

FWONA

Apple Inc. is reportedly considering a $2 billion annual bid for the global rights to Formula One, currently owned by Liberty Media Corp. This follows Apple's successful acquisition of Major League Soccer (MLS) rights, which saw a boost in viewership and streaming subscribers. Other companies with Formula One rights include ESPN, a unit of Walt Disney Co, and Amazon.com, Inc. was another bidder on the U.S. rights. The move is part of Apple's push into streaming with original content and sports deals.

Portfolio Pulse from Chris Katje

October 02, 2023 | 5:01 pm

The National Highway Traffic Safety Administration (NHTSA) has expanded its investigation into approximately 709,000 Ford Motor Company vehicles due to severe engine failures linked to a malfunctioning valve. The probe focuses on Ford's 2021 and 2022 models, including the Bronco, Edge, Explorer, F-150, Lincoln Aviator, and Nautilus. Ford has provided evidence of 328 customer complaints, 487 warranty claims, and 809 engine exchanges related to these vehicles.

Portfolio Pulse from Shivani Kumaresan

October 02, 2023 | 4:56 pm

FEMY

Femasys Inc. (NASDAQ:FEMY) shares have risen by over 14% on Monday and have seen a 900% increase over the last five days. This surge is attributed to HC Wainwright & Co. analyst Emily Bodnar maintaining a Buy rating for Femasys and raising the price target from $5 to $13. Additionally, Femasys announced the activation of enrollment for its FemBloc trial, a permanent birth control candidate.

Portfolio Pulse from Erica Kollmann

October 02, 2023 | 4:37 pm

ACN

IBM

Accenture's (ACN) Q4 earnings beat was overshadowed by lower than expected revenue and guidance, causing a 5% drop in its stock. The company reported a 4% rise in revenue, but bookings fell 10% YoY to $16.6 billion. For the ongoing quarter, Accenture guided for revenue between $15.85 billion to $16.45 billion. Meanwhile, IBM is focusing on leveraging AI technology to upgrade business operations, with a commitment to provide AI training for two million workers by the end of 2026.

Portfolio Pulse from Upwallstreet

October 02, 2023 | 4:37 pm

AAPL

Valve's recent release of 'Counter-Strike 2', an update to 'Counter-Strike: Global Offensive', has been met with disappointment from players due to significant changes and removal of beloved features from the original game. Valve also eliminated support for Apple Inc's Mac players without providing any information on whether it would be reinstated, leaving Mac users unable to access the game.

Portfolio Pulse from Franca Quarneti

October 02, 2023 | 4:36 pm

COIN

ETHUSD

USDCUSD

Coinbase Singapore has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS), allowing it to offer Digital Payment Token services in the country. The company has tailored its offerings to the region, introduced funding methods, integrated SingPass for a simplified onboarding process, and made USD Coin purchases using SGD more accessible by eliminating fees. Coinbase has also made over 15 investments in the region through Coinbase Ventures and collaborated with local entities.

Portfolio Pulse from Murtuza Merchant

October 02, 2023 | 4:31 pm