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SGMO

Sangamo Therapeutics (NASDAQ:SGMO) shares surged after announcing a license agreement with Genentech to develop genomic medicines for neurodegenerative diseases. The deal includes $50 million in upfront fees and potential milestones up to $1.9 billion.

Portfolio Pulse from Erica Kollmann

August 06, 2024 | 5:39 pm

BIDU

MU

NVDA

Chinese tech giants Huawei and Baidu are increasing their purchases of Samsung's high bandwidth memory (HBM) semiconductors in anticipation of new U.S. export restrictions. This move comes as the U.S. plans to introduce an export control package targeting China's semiconductor industry. Baidu's stock has seen a 44% decline over the past year, while Micron Technology has already ceased selling HBM products to China due to previous sanctions. Nvidia continues to develop AI chips compliant with U.S. regulations.

Portfolio Pulse from Anusuya Lahiri

August 06, 2024 | 5:39 pm

LUMN

PLTR

Jim Cramer praised Palantir Technologies Inc (PLTR) for proving the AI story is real, highlighting its strong Q2 performance with a 27% revenue increase and significant growth in customer count. Lumen Technologies Inc (LUMN) also secured $5 billion in new AI-related business. Cramer criticized journalists for downplaying AI's impact and emphasized that recent earnings reports show continued investment in AI development.

Portfolio Pulse from Adam Eckert

August 06, 2024 | 5:37 pm

PEP

PepsiCo Beverages North America is investing in a new warehouse and distribution center in Smyrna, Tennessee, to enhance its operations in the Greater Nashville area.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:36 pm

MSFT

OpenAI has introduced a new feature called Structured Outputs in its API, ensuring that model-generated outputs conform exactly to developer-supplied JSON schemas. This feature addresses the limitations of previous models and improves the reliability of generating structured data from unstructured inputs. The new model, gpt-4o-2024-08-06, scores a perfect 100% in following complex JSON schemas, compared to less than 40% for gpt-4-0613.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:35 pm

MSFT

A leak from Microsoft's Activision has revealed a potential new Warzone map, Avalon, for Call of Duty: Black Ops 6, sparking controversy among fans due to its water-heavy design. The leak also included new gameplay features, generating significant discussion. More details are expected in August, with early access and beta periods scheduled before the official launch on October 25, 2024.

Portfolio Pulse from Franca Quarneti

August 06, 2024 | 5:25 pm

ETRGF

IMCC

OGI

YCBD

Several cannabis companies, including IM Cannabis, cbdMD, Entourage Health, and Organigram Holdings, are set to report their earnings for the second quarter of 2024. IM Cannabis will discuss its results and recent share consolidation plan, cbdMD will address its operational losses and cost-cutting measures, Entourage Health will provide an update on its financial health, and Organigram Holdings will report its earnings and discuss its strategic investments in the European market.

Portfolio Pulse from Jelena Martinovic

August 06, 2024 | 5:22 pm

MRVL

Marvell Technology shares are trading higher after the company announced that Microsoft will integrate Marvell's FIPS 130-3 Level-3 standard to enhance its security.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:19 pm

OMC

VWAGY

Volkswagen has extended its global creative contract with Omnicom's DDB for another three years. This partnership, which has lasted over six decades, has produced some of the most iconic advertising campaigns in history.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:13 pm

DIS

NFLX

Netflix shares are trading higher in possible sympathy with Disney, which spiked following reports of a streaming price increase.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:09 pm