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BNTX

MRNA

NVAX

PFE

The COVID-19 variant EG.5 is causing a resurgence in cases, accounting for an estimated 17.3% of all cases in the U.S. In response, Pfizer Inc (PFE), BioNTech SE (BNTX), Moderna Inc (MRNA), and Novavax Inc (NVAX) are preparing to release updated vaccines by the end of September, pending FDA and CDC approval. The new vaccines will primarily target the XBB variants, descendants of the original Omicron strain.

Portfolio Pulse from AJ Fabino

August 11, 2023 | 4:30 pm

SPY

U.S. Attorney General Garland has expressed confidence in David Weiss's ability to carry out his responsibilities in an even-handed and urgent manner.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 4:26 pm

SPY

U.S. Attorney General has appointed Federal Prosecutor David Weiss as Special Counsel in the probe of President Biden's son, Hunter. A public report related to the Hunter Biden probe will be released.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 4:25 pm

VIEW

View Inc. reported better-than-expected Q2 financial results, leading to a rise in its share price. The company also announced that it has regained compliance with the Nasdaq minimum bid price requirements.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 4:15 pm

ABNB

AirBNB shares are trading lower due to overall market weakness following the release of July PPI data, which showed higher-than-expected inflation. This could negatively impact consumer sentiment and travel spending.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 4:08 pm

EWJ

The Japanese government's guidance for AI will not be legally binding and will carry no penalties for noncompliance. The government is hesitant to impose strict controls due to the rapid development of generative AI.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 4:02 pm

EWJ

The Japanese government is planning to urge businesses to disclose the types of data used to train generative AI programs. The guidelines, which are expected to be finalized later this year, aim to root out bias and other abuses that could be linked to AI.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 4:01 pm

FOX

NWS

News Corp (NASDAQ:NWS) is planning to leverage artificial intelligence (AI) to create a new stream of revenues and reduce costs across the business. This comes after a disappointing Q4 earnings report, with net profit for the financial year recorded at $187 million, down from the previous year’s $760 million. The company's digital revenues accounted for more than 50% of total revenues for the full year. News Corp and its sister company, Fox Corp. (NASDAQ:FOX), are under increasing scrutiny, with Fox recently ordered to pay $787.5 million in damages to settle a defamation lawsuit.

Portfolio Pulse from Anthony Noto

August 11, 2023 | 3:59 pm

LGVN

Longeveron Inc. (NASDAQ:LGVN) has announced that it has surpassed the 50% enrollment threshold in its Phase 2 ELPIS II trial of Lomecel-BTM in Hypoplastic Left Heart Syndrome (HLHS). The trial is funded by the National Heart, Lung, and Blood Institute (NHLBI) and uses Longeveron's Lomecel-BTM asset. The company has also activated an additional clinical site to expedite the completion of the trial enrollment. A webinar discussing the unmet medical need and current standard of care for HLHS patients, as well as the potential of Lomecel-BTM, will be held on August 16, 2023.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 3:30 pm

TSLA

Tesla Inc (NASDAQ:TSLA) has won a trademark lawsuit against Chinese company Zhongyin Food Co. over the use of the 'Tesla' name in beer and soda products. Zhongyin Food was found guilty of infringing on trademark rights owned by Tesla and has been ordered to pay a fine of around $690,000, issue a public statement, and discontinue the production of the Tesla beer and soda-related products.

Portfolio Pulse from Chris Katje

August 11, 2023 | 3:21 pm