Streetbeat News

Regulatory

NBIX

Neurocrine Biosciences, Inc. (NASDAQ:NBIX) has announced positive top-line data from the Phase 3 CAHtalyst Pediatric Study evaluating the efficacy, safety, and tolerability of crinecerfont in children and adolescents with classic congenital adrenal hyperplasia (CAH) due to 21-hydroxylase deficiency. Crinecerfont is an oral, selective corticotropin-releasing factor type 1 receptor antagonist being investigated to help reduce and control excess adrenal androgens through a steroid-independent mechanism.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 11:03 am

MSFT

Microsoft's Bing AI Image Creator has been criticized for generating images of the video game character Kirby in scenarios reminiscent of terrorism. Despite Microsoft's efforts to implement content filters and restrictions, individuals have manipulated the AI into generating these images. The incident highlights the challenges posed by AI-generated content, as AI cannot discern the broader implications and sensitivities surrounding certain subjects.

Portfolio Pulse from Ananya Gairola

October 05, 2023 | 10:49 am

LIXT

Lixte Biotechnology received a termination letter on October 4, ending the exclusive license agreement dated August 20, 2018, between the company and Moffitt as of September 30, 2023.

Portfolio Pulse from Charles Gross

October 05, 2023 | 10:13 am

MKUL

Molekule Group received a delisting notice from Nasdaq on October 4, notifying that the company's common stock will be delisted from Nasdaq on October 13.

Portfolio Pulse from Charles Gross

October 05, 2023 | 10:06 am

LIZI

LIZHI Inc. (LIZI) has regained compliance with Nasdaq's minimum bid price requirement. The company received a letter from Nasdaq stating that it has maintained a closing bid price of $1.00 per share or more for a minimum of 10 consecutive business days, thereby regaining compliance.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 10:02 am

AAPL

GOOG

MSFT

Apple Inc. had considered replacing Google with DuckDuckGo as Safari’s default search engine for its private mode, but dismissed the idea. The decision was revealed during the ongoing antitrust trial against Google. Apple's executive, John Giannandrea, argued that DuckDuckGo’s reliance on Bing for search information might lead to sharing user information with Microsoft Corporation, contradicting DuckDuckGo's privacy claims. Previously, Apple also explored the possibility of acquiring Microsoft's Bing search engine.

Portfolio Pulse from Benzinga Neuro

October 05, 2023 | 9:14 am

AMZN

EWU

MSFT

UK's Ofcom has referred the public cloud infrastructure services market to the Competition and Markets Authority for further investigation. The study identified features that make it difficult for UK businesses to switch and use multiple cloud suppliers. Market leaders Amazon and Microsoft are of particular concern.

Portfolio Pulse from Charles Gross

October 05, 2023 | 8:53 am

AMZN

EWU

Amazon has expressed disagreement with the UK's OFCOM regulator's request for an antitrust investigation into the UK cloud market. The company argues that the regulator's findings are based on a misunderstanding of the IT sector. Amazon has committed to working constructively with the antitrust authority.

Portfolio Pulse from Charles Gross

October 05, 2023 | 8:49 am

CALT

The European Medicines Agency Committee has provided a positive opinion on Calliditas' application for orphan drug designation for Setanaxib in Alport Syndrome. This could potentially lead to a new treatment option for patients with this rare genetic disorder.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 8:49 am

BABA

Belgium's primary intelligence agency, the Belgian State Security Service (VSSE), has increased its surveillance of Alibaba's main European logistics hub due to concerns of potential espionage. The VSSE is particularly concerned about the implementation of software systems that collect sensitive economic information. Alibaba and its logistics subsidiary, Cainiao, have denied any allegations of misconduct. This development follows the Pentagon's concerns about China potentially using cargo cranes for spying purposes.

Portfolio Pulse from Benzinga Neuro

October 05, 2023 | 8:42 am