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Regulatory

AAPL

GOOG

GOOGL

A study by cybersecurity research firm Zimperium has found that thousands of Android app files contain advanced malware that can evade most threat detection tools. The firm found over 3,000 samples using advanced algorithms to bypass security checks. This poses a significant challenge for Alphabet Inc.'s Google, which has often faced issues with malware-ridden Android apps. Apple Inc.'s closed-source approach has been more successful in warding off these threats, but new EU regulations requiring sideloading on iPhones and iPads may change this.

Portfolio Pulse from Rounak Jain

August 21, 2023 | 11:17 am

KRYS

Krystal Biotech has completed the sale of its Rare Pediatric Disease Priority Review Voucher for $100M. The company was awarded the voucher following FDA accelerated approval of VYJUVEK for recessive or dominant dystrophic epidermolysis bullosa (DEB) for patients 6 months of age and older.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 11:15 am

FXI

China's Premier Li has announced plans to promote the deep integration of digital technology and the real economy, according to Reuters citing state media. The iShares China Large-Cap ETF (FXI) could be impacted by this news.

Portfolio Pulse from Charles Gross

August 21, 2023 | 11:11 am

MRNS

OVID

Marinus Pharmaceuticals has been granted a post-grant review of Ovid Therapeutics' U.S. Patent No. 11,395,817 by the PTAB on August 17.

Portfolio Pulse from Charles Gross

August 21, 2023 | 11:05 am

PPTA

Perpetua Resources has been awarded up to $15.5 million in funding from the Department of Defense to demonstrate a fully domestic antimony trisulfide supply chain.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 11:03 am

BABA

FXI

KWEB

Alibaba Group Holding Limited (NYSE:BABA) stock is trading lower in line with KraneShares Trust KraneShares CSI China Internet ETF (NYSE:KWEB) and IShares China Large-Cap ETF (NYSE:FXI) after China cut its one-year benchmark lending rate to stimulate credit demand. Alibaba is ramping up hiring efforts within its domestic e-commerce sectors, signaling a potential period of growth for China's Big Tech entities. Alibaba's broader strategy envisions adding 15,000 professionals to its workforce this year.

Portfolio Pulse from Anusuya Lahiri

August 21, 2023 | 11:01 am

NNVC

Nanoviricides reports successful progress in the Phase 1a/1b human clinical trial of NV-CoV-2, its broad-spectrum antiviral drug. The trial, sponsored by Indian collaborator Karveer Meditech, has seen 26 out of 36 volunteers complete the Phase 1a Single-Ascending-Dose study, and 17 out of 36 complete the Phase 1b Multiple-Ascending-Dose study. No adverse events have been reported.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 10:52 am

AVGO

VMW

Broadcom has received final transaction approval from the UK's Competition and Markets Authority for its deal with VMware. In the US, the pre-merger waiting periods have expired, and there are no legal impediments to closing under US merger regulations. Broadcom is in the advanced stages of obtaining the remaining required regulatory approvals, which it expects to receive before October 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 10:47 am

GSK

IDYA

Ideaya Biosciences has announced FDA clearance of an Investigational New Drug application to initiate a GSK-sponsored Phase 1/2 trial for GSK101 (IDE705) in combination with Niraparib for tumors with BRCA or other homologous recombination mutations. IDEAYA will receive a $7 million milestone payment upon IND acceptance, and potential future aggregate milestones of up to $950 million related to GSK101 Pol Theta inhibitors.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 10:03 am

BABA

Alibaba's Taotian Group has announced a significant recruitment drive, listing over 2,000 job positions across various sectors. This move comes amidst a high youth unemployment rate in China and follows a period of job cuts in China's tech sector due to a regulatory crackdown. Alibaba Holdings (NYSE:BABA) also announced plans in May to hire 15,000 new employees this year.

Portfolio Pulse from Benzinga Neuro

August 21, 2023 | 9:50 am