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ATXG

Addentax Group Corp. (NASDAQ:ATXG) is partnering with Games-as-a-Service firms to develop Artificial Intelligence Online Operational Tools. The project aims to refine and update content within online games. The company reported that these tools have contributed to significant revenue growth in popular games. ATXG shares are trading higher by 14.15% to $7.50.

Portfolio Pulse from Nabaparna Bhattacharya

June 30, 2023 | 3:41 pm

MDGL

Madrigal Pharmaceuticals has announced the rolling submission of a New Drug Application to the FDA for accelerated approval of resmetirom, a treatment for NASH with liver fibrosis. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 3:31 pm

TSLA

Burning Man CEO Marian Goddell attended Psychedelic Science 2023 in Denver, where she discussed the role of Burning Man in the Psychedelics Renaissance and the importance of inclusivity. She mentioned that people from all walks of life, including Tesla CEO Elon Musk, have attended Burning Man. Goddell emphasized the need for social change and human potential, and not solely endorsing the use of psychedelics.

Portfolio Pulse from Lara Goldstein

June 30, 2023 | 3:28 pm

AGEN

Agenus (NASDAQ:AGEN) has reported promising data from its Phase 1b trial on the botensilimab and balstilimab combination at the 2023 ESMO World Congress on Gastrointestinal Cancer. The data shows substantial survival benefits for patients with non-MSI-H metastatic colorectal cancer previously resistant to chemotherapy and/or immunotherapy. Agenus is planning to submit its first Biologics License Application to the FDA for patients with non-MSI-H metastatic colorectal cancer.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 3:21 pm

SRRK

Scholar Rock (NASDAQ:SRRK) has announced new data from the Phase 2 TOPAZ trial extension period evaluating patient outcomes at 36 months of treatment with apitegromab. The data showed that continued treatment with apitegromab was associated with substantial and sustained improvement in motor function in patients with nonambulatory Types 2 and 3 spinal muscular atrophy (SMA). The company is progressing with the enrollment in the pivotal Phase 3 SAPPHIRE registrational trial, with completion anticipated in Q3 2023.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 3:01 pm

ACCD

ALVO

APPS

ARQT

ATXG

AUPH

BLCO

CBAY

CCL

FRD

GOGN

MVIS

NIO

RXT

SGH

SVRA

TOP

VTRU

XPEV

U.S. stocks traded higher on Friday with the Dow Jones gaining over 200 points. Several companies saw significant gains, including Addentax Group Corp., CymaBay Therapeutics, TOP Financial Group Limited, Friedman Industries, Rackspace Technology, MicroVision, XPeng Inc., Alvotech, Digital Turbine, Savara Inc., Vitru Limited, Arcutis Biotherapeutics, Aurinia Pharmaceuticals Inc., Accolade, Inc., Bausch + Lomb Corporation, Carnival Corporation, SMART Global Holdings, Inc., GoGreen Investments Corporation, and NIO Inc.

Portfolio Pulse from Lisa Levin

June 30, 2023 | 2:27 pm

CCHWF

CRLBF

CURLF

GTBIF

TCNNF

TRSSF

VRNOF

Maryland is set to launch adult-use cannabis sales on July 1, becoming the 20th state in the US to do so. Existing medical marijuana dispensaries in the state, including Curaleaf (CURLF), TerrAscend (TRSSF), Green Thumb Industries (GTBIF), Cresco Labs (CRLBF), Columbia Care (CCHWF), Verano (VRNOF), and Trulieve (TCNNF), are ready to transition to adult-use cannabis shops. The move is expected to attract a large number of customers, including from neighboring states where recreational marijuana is not legal.

Portfolio Pulse from Maureen Meehan

June 30, 2023 | 2:13 pm

PVSP

Pervasip Corp. (OTCPK:PVSP) is expanding its Slurped nano cannabis beverages into the California market through its subsidiary Artizen Nano. The company has signed a letter of intent with MTN Group for manufacturing and distribution. However, Pervasip has terminated a previously proposed acquisition of BCCTG LLC and a partnership with KRTL Biotech as part of its strategic realignment.

Portfolio Pulse from Vuk Zdinjak

June 30, 2023 | 2:09 pm

IVZ

Invesco Ltd's unit, Invesco Real Estate, has launched a private fund, Invesco Commercial Real Estate Finance Trust, Inc. (INCREF), aimed at bringing private real estate credit to accredited investors. The fund will originate, acquire, and manage a diversified portfolio of loans and debt-like preferred equity interests related to commercial real estate. The move comes amid a pull-back of regional banks and a significant increase in short-term interest rates, creating an opportunity for commercial real estate lenders.

Portfolio Pulse from Nabaparna Bhattacharya

June 30, 2023 | 2:06 pm

ATXG

Addentax Group Corp. (NASDAQ:ATXG) has announced a partnership with certain Games-as-a-Service firms to develop Artificial Intelligence Online Operational Tools. The project aims to refine and update content within online games, optimizing commercialization strategies for gaming companies. The project team includes professionals from Tencent Holdings, LinkedIn Corporation, and Respawn Entertainment LLC (NASDAQ:EA). Addentax's CEO, Mr. Hong Zhida, sees this as a significant milestone in diversifying into AI-focused sectors.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 1:43 pm