Latest news for Medincell (OTC:MDCLF) Stock

Medincell SA is a technology-based pharmaceutical firm, aims to optimise the efficiency of medical treatments and make them accessible geographically. The company's product portfolio uses BEPO-patented technology to develop controlled, long-acting injectable medical treatments for a number of therapeutic fields. The firm has a single operating segment: ongoing research and development on processes that use biodegradable polymers to enable the controlled and prolonged release of the active principles of drugs into the human body and animals by means of injection.

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Here&#39;s a roundup of top developments in the biotech space over the last 24 hours.

The Daily Biotech Pulse: Windtree Jumps On Istaroxime Data, Arcturus&#39; COVID-19 Vaccine Trial Data, FDA Rejects Teva&#39;s Schizophrenia Med, Otonomy Aces Hearing Loss Study

FDA Rejects Teva - MedinCell&#39;s Schizophrenia Candidate

Medincell SA

A cryptocurrency turned a substantial profit betting on meme coins inspired by former President Donald Trump, following a <a href="https://www.benzinga.com/news/24/10/41197236/elon-musk-and-trump-address-thousands-at-site-of-failed-assassination-attempt-take-aim-at-bidens-lea">fervent speech by tech mogul</a> Elon Musk in support of the Republican presidential candidate.
What Happened: According to on-chain tracking firm Spot On Chain, the trader bagged 18,364 Maga Coin (TRUMP), worth $60,000, and as many as 2.449 billion Maga Hat (MAGA), amounting to $300,000, as soon as Musk began his live speech at the rally in Butler, Pennsylvania, on Saturday
As of this writing, the value of their TRUMP stockpile has soared to $408,262, while their portfolio in MAGA has swelled to $76,210, resulting in a total gain of over $124,472, or 34.57%.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This trader is up $113K (+31.5%) in just 17 hours by betting on <a href="https://twitter.com/hashtag/memecoins?src=hash&amp;ref_src=twsrc%5Etfw">#memecoins</a> <a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TRUMP</a> and <a href="https://twitter.com/search?q=%24MAGA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MAGA</a> after <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a>&#39;s pro-Trump speech. As soon as Elon Musk's live speech began yesterday, he spent 360K <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a> to snag 2.449B <a href="https://twitter.com/search?q=%24MAGA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MAGA</a> ($300K) and 18,364 <a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TRUMP</a> ($60K). Now, these holdings are… <a href="https://t.co/t23m12dgb2">pic.twitter.com/t23m12dgb2</a>
&mdash; Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1843183431871758555?ref_src=twsrc%5Etfw">October 7, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41190083/us-labor-market-posts-strong-data-what-it-means-for-bitcoin">US Labor Market Posts Strong Data—What It Means For Bitcoin</a>
The aforementioned meme coins belong to the hot new breed of PolitiFi cryptocurrency tokens, having grown in prominence due to the election year.
As the names imply, these tokens incorporate political themes and campaigns into the cryptocurrency space.&nbsp;
Why It Matters: Musk <a href="https://www.benzinga.com/news/24/10/41198624/elon-musk-urges-rally-crowd-vote-for-trump-to-save-democracy">made a passionate appeal</a> to people present at the rally to vote for Trump to &#8220;save democracy.&#8221; He warned that if the Republican candidate does not emerge victorious, it could potentially be the "last election."
Musk's recent political involvement has been a topic of discussion. The tech czar has been using his social media platform, X, to <a href="https://www.benzinga.com/news/24/09/41082363/heres-how-elon-musk-has-become-a-pro-trump-political-influencer-through-social-media" target="_blank" rel="noreferrer noopener">amplify conservative viewpoints</a> espoused by Trump and has become a prominent advocate for the former President.
It&#8217;s worth mentioning that Musk voted for Biden during the 2020 elections but <a href="https://www.benzinga.com/news/23/05/32437947/elon-musk-has-buyers-remorse-over-biden-better-off-being-wronged-by-people-picked-at-random-says-bil" target="_blank" rel="noreferrer noopener">regretted his decision</a> on several public platforms later. Over the years, he has gravitated toward the Republican Party and unequivocally <a href="https://www.benzinga.com/news/24/07/39873661/elon-musk-is-as-smart-as-you-get-says-trump-as-ex-president-tones-down-ev-rhetoric" target="_blank" rel="noreferrer noopener">endorsed Trump&#8217;s candidacy</a> after a failed assassination bid.
Check This Out:
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
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TSLA

Did Elon Musk's Speech Spark Trump-Inspired Memecoin Rally? Trader Earns 34% After Bagging Tokens During The Address

EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) dismissed its recent recall of <a href="https://www.benzinga.com/markets/equities/24/10/41169516/tesla-recalls-27-185-cybertruck-vehicles-over-rearview-camera-delay">over 27,000 Cybertrucks </a>as a software update, reiterating the opinions of its CEO Elon Musk.
What Happened: &#8220;Oh my! Imagine having to download &amp; install a free over-the-air software update, which can be done from your phone &amp; takes ~30 mins in most cases. How will our owners ever recover from this ordeal,&#8221; Tesla responded sarcastically from its X account dedicated to Cybertruck updates on Friday. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Oh my! Imagine having to download &amp; install a free over-the-air software update, which can be done from your phone &amp; takes ~30 mins in most cases How will our owners ever recover from this ordeal
&mdash; Cybertruck (@cybertruck) <a href="https://twitter.com/cybertruck/status/1842175845655285948?ref_src=twsrc%5Etfw">October 4, 2024</a></blockquote>
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The company&#8217;s outrage comes on the heels of recalling 27,185 Cybertrucks due to a delay in the rearview camera image when shifting into reverse. The company fixed the issue with an over-the-air software remedy.
U.S. auto safety regulator National Highway Traffic Safety Administration (NHTSA) terms all vehicle safety issue fixes as recalls, irrespective of whether the fix was via a software update or required the vehicle owner to visit the service center.
Why It Matters: Musk and several other Tesla executives have also previously <a href="https://www.benzinga.com/news/24/02/36921334/elon-musk-criticizes-labeling-over-the-air-fixes-as-recalls-for-tesla-vehicles-by-that-anachronistic" target="_blank" rel="noreferrer noopener">condemned the use of the word &#8220;recall&#8221;</a> for fixes issued via an over-the-air (OTA) software update.
&#8220;This "recall" literally just changes a few pixels on the screen with an over-the-air update. By that anachronistic standard, phones are being "recalled" every few weeks,&#8221; Musk said in February after the company issued a &#8216;recall' for about&nbsp;<a href="https://www.benzinga.com/news/24/02/36906058/tesla-initiates-first-ever-cybertruck-recall-as-part-of-larger-2-2m-vehicle-callback" target="_blank" rel="noreferrer noopener">2.2 million vehicles</a>&nbsp;due to concerns about a smaller font size for warning lights compromising the visibility of crucial safety information.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41201568/mark-zuckerberg-redesigns-porsche-cayenne-turbo-gt-into-a-minivan-for-wife-priscilla-chan-gets-a-911">Mark Zuckerberg Redesigns Porsche Cayenne Turbo GT Into A Minivan For Wife Priscilla Chan, Gets A 911 GT3 For Himself</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

Tesla Dismisses Recent Recall Of Over 27K Cybertrucks, Says It Is Just A Free Over-The-Air Software Update: 'How Will Our Owners Ever Recover From This Ordeal'

Mary Trump, a psychologist and niece of former president <a href="https://www.benzinga.com/topic/donald-trump">Donald Trump</a>, on Sunday, weighed in on what her uncle could do in retribution if he were to be elected for a second term.
What Happened: Donald Trump&#8217;s second term will be focused on revenue against his perceived political enemies, both foreign and domestic, and against groups such as immigrants, judges and juries that dared to hold him accountable, those who have not proven to be sufficiently loyal to him and anybody who has opposed him from the beginning, <a href="https://www.marytrump.org/p/revenge-served-hot">said</a> Mary Trump in a substack post.
<a href="http://pro.benzinga.com">Benzinga</a> has reached out to Trump&#8217;s team for its thoughts on the post.
&#8220;The prospect that such people will end up being prosecuted, imprisoned, or deported is very real,&#8221; Mary Trump said. Although the threat seems insane and unbelievable to many, &#8220;if given the power, he will have his vengeance,&#8221; she added.
The psychologist said her uncle and his inner circle will get started by first firing, &#8220;non-partisan civil servants, and hiring in their stead people who will pledge their loyalty to him, not the Constitution or the United States.&#8221; 
&#8220;Proven loyalists and sycophants will be appointed to key positions throughout the federal government, from the FBI Director to the 93 U.S. attorneys and assistant attorneys general &#8216;who help enforce federal law, an expanse that encompasses I.R.S. tax rules, Treasury Department sanctions against oligarchs and governments, antitrust cases and air and water regulations from the E.P.A.'&#8221; she added.
See Also: <a href="https://www.benzinga.com/news/24/10/41196889/mary-trump-says-special-counsels-filing-counter-ex-presidents-efforts-to-game-legal-system-in-his-fa">Mary Trump Says Special Counsel&#8217;s Filing Counter Ex-President&#8217;s Efforts To Game Legal System In His Favor</a>
Mary Trump stated that once Trump loyalists secure key positions, they could begin taking actions that, at first, the other branches of government would be unable to halt. Congress does not have a direct role to play in criminal cases, she said.
The judiciary will also be dominated by Donald Trump&#8217;s &#8220;sycophants and enablers,&#8221; she said, adding that this was evident from the actions of Judge Aileen Cannon, and the super-majority on the Supreme Court, which granted him presidential immunity.
&#8220;Donald Trump is a fascist and he and the Republican Party have put this country on a path towards fascism,&#8221; Mary Trump said. &#8220;If he gets back into power, he will care nothing about governing. All of his energy will be dedicated to grifting and revenge,&#8221; she added.
Why It&#8217;s Important: Vice President Kamala Harris may have created some excitement after she replaced President Joe Biden on the Democratic ticket. This is evident from the Democratic candidate pushing ahead with a slight lead after the race was running neck-on-neck or with a slight edge for Donald Trump when Biden was running. 
Harris is also widely believed to have won the only televised presidential debate held last month.
That said, <a href="https://www.benzinga.com/news/24/10/41196906/polls-suggest-this-candidate-holds-slim-lead-in-presidential-race-with-one-month-to-go">Harris&#8217; lead is too tenuous </a>to be called decisive. The polling average, compiled by FiveThirtyEight, shows Harris ahead of Donald Trump by 2.6 points. The difference is within the sampling error of most nationwide polls.
Polymarket shows the odds of a Donald Trump victory at 51% as opposed to 48% for Harris.
Did You Know?
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<li>Congress Is Making Huge Investments.&nbsp;<a href="https://www.benzinga.com/gov-trades" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Image via Flickr

Media

Trump's Niece Says Potential 2nd Term For Ex-President Will Be Focused On Revenge: 'If Given The Power, He Will Have His Vengeance'

<a href="https://www.globenewswire.com/Tracker?data=kJ-Hmr6OQgXbpx34ti0J_Vgj7rVcQREULuxf8z0PDVZbApkdoAT1BN8KN07mUQ5ZKxPMRpD61N0TXMN2pQbzBw==">Iterate.ai</a>, whose AI platform enables enterprises to&nbsp;<a href="https://www.globenewswire.com/Tracker?data=T9SQmGDVVHMvM9_xE8e4EWricZMqmEf1QEEQAmUM1n-09g18y6hf1NNjWA2hGI1wrnAAIxAjBWZuaugV6zrlt-lmoHnWp8d3rEzAiCPuxZOCrpdBKbA77gMyweDE6_XSOR7m9f2WRfo5JKPf17FtKA48esIo3RDvEGgfmxSvLXS8mnOGgfifZna5JeiIfDVQpEymUISa87RHRhkE96PPyvPxs8v8SZu30bq22aVKEnA=">build production-ready applications</a>&nbsp;and ready-to-use products for private AI requirements and the AI PC era, has partnered with <a href="https://www.globenewswire.com/Tracker?data=iXIM897i3IeZGbF5DPl7pWuLHjyOsMv5eRwipUgkbeD8pkr1t0bWwpEiYYEUzMiNj-jB65u0QGCUW_WRJKluOA==">TD SYNNEX</a>, a leading global distributor and solutions aggregator for the IT ecosystem. The partnership will make Iterate.ai's advanced AI portfolio available to TD SYNNEX's extensive network of resellers and their customers worldwide.
"Iterate is committed to scaling its go-to-market plan through the channel," said Kevin Homer, Vice President of Sales at Iterate.ai. "We are excited to partner with TD SYNNEX and its network of vendors and resellers to make that vision a reality."
Through this partnership, TD SYNNEX resellers can now offer Iterate.ai's <a href="https://www.globenewswire.com/Tracker?data=N4VeJY-QZXapnBeLMvi9Ya5HjeVSqWvZKAgAdxxLCsYIU5EbijZcczTcGrjA4JlThy6ctML_E8uGvrA7YZGfOSkzArOpG-5Fv3Sj862G0yzC6LoWnR4tnUqeT5ZR1TgB">Generate</a>, an AI Assistant application, as a flagship go-to-market solution. Generate uses advanced techniques like Retrieval-Augmented Generation (RAG), which allows it to answer questions using information from files stored on your computer—safely and securely. The application provides AI capabilities specifically designed for businesses both large and small. Unlike many other AI tools, Generate runs directly on a company's own systems. This means it can be used without an internet connection and ensures that sensitive company information isn't exposed to public AI chat services, keeping data safe.
Generate can input data from any third-party solution that has an API or other means of access (pdf, .exe., etc). Initial out-of-the-box integrations include the Google Drive suite, the Microsoft OneDrive suite, common workflow managers like Monday and Slack, and personal finance apps like QuickBooks. Once access to documents is established, users can ask questions and quickly get summarized answers linked to sources in their private files and documents. This process enables Generate to meet use cases as varied as summarizing customer comments, analyzing inventory, generating logo designs, and providing data-driven business advice.
"This partnership is a win for Iterate, TD SYNNEX and its channel partners, and end customers alike," said Brian Sathianathan, CTO and co-founder, Iterate.ai. "We're excited to bring our multi-functionality private AI solutions to new businesses via TD SYNNEX's vast reseller network and to support those organizations' customers in achieving even their most ambitious AI and business goals."
Additional Iterate.ai solutions available include <a href="https://www.globenewswire.com/Tracker?data=4y2GiiThZO-JpC77jDA4bpxfvj_o2jSv5Y8n-dIKR3iF84A6yM4W2VRmP0Wa-bopoF918eLCFjojYP-mqF3yddUCDSPjS_g4kM5TZ2eDJZs=">Interplay</a>, a patented low-code development environment that enables the rapid creation of <a href="https://www.globenewswire.com/Tracker?data=YmFqs7g9JMRv3LLusqaE30ds2H4o_yob0F1tYniC9uLvg6Gp2Jj3UL4WfC9cUiYr6EDqaIZRtpVlDY9_OKK8UXHeon13VoYOdOrjZT8nVPSxYTg74KJR4gy0s6_BeSg1YUNtTg5eFe97IKm51sUZ1j6vmZLTGN5qH33511LpPaTRTbgySyVHV6ll61ULSMIV">advanced AI chatbots</a> and other AI-powered applications. More Iterate.ai products for TD SYNNEX resellers will roll out in early 2025.

TD SYNNEX Teams Up with Iterate.ai, Bringing Advanced AI Tools to Worldwide Reseller Network

In a critique that pits the <a href="https://www.benzinga.com/general/space/24/09/40697380/bezos-vs-musk-battle-heads-to-space-how-amazon-founder-is-taking-tesla-ceo-on-more-directly">business philosophies of tech titans</a> Jeff Bezos and Elon Musk against each other, Y Combinator Group Partner David Lieb has sparked questions over Musk&#8217;s management of Twitter, now known as X.
What Happened: Lieb&#8217;s comments, posted on the platform itself, challenge the notion that success in one industry guarantees triumph in another, particularly targeting Musk&#8217;s approach to social media.
Lieb invoked Amazon.com Inc. founder Bezos&#8217; wisdom, stating, &#8220;As Bezos once said, taste is not transferable across domains.&#8221; This reference to Bezos, a long-time rival of Musk in both the space and technology sectors, sets the stage for a pointed analysis of Musk&#8217;s ventures beyond Tesla Inc. and SpaceX.
The Y Combinator partner didn&#8217;t pull punches in his assessment of Musk&#8217;s performance at Twitter. &#8220;Elon&#8217;s great taste in electric cars and rockets gives him false confidence on social networks,&#8221; 
Lieb&#8217;s criticism extended beyond Musk&#8217;s general approach to the platform, targeting specific features and content strategies. He expressed a theory about the <a href="https://www.benzinga.com/general/social-media/24/10/41168674/elon-musk-passes-200-million-followers-on-x-heres-the-top-10-accounts-and-where-barack-obama">platform&#8217;s content curation</a>: &#8220;I suspect the team at Twitter intentionally isn&#8217;t improving the Following feed so that the For You feed has better metrics.&#8221;
This implies a deliberate strategy to push users towards the algorithmically curated &#8220;For You&#8221; feed, potentially at the expense of user experience and content quality. Lieb didn&#8217;t mince words about his personal experience with this feature, stating, &#8220;I&#8217;m sure my metrics are better on the For You feed, but I really hate it. It&#8217;s largely clickbait videos and maga-Elon garbage.&#8221;
The reference to &#8220;maga-Elon garbage&#8221; alludes to perceived political leanings in the content promoted on the platform, touching on the ongoing debate about social media&#8217;s role in shaping political discourse.
Lieb&#8217;s comments come at a time when Twitter, under Musk&#8217;s leadership, has undergone significant changes, including rebranding to X, adjustments to content moderation policies, and alterations to user verification processes. These changes have been met with mixed reactions from users, advertisers, and industry analysts.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">As Bezos once said, Taste is not transferable across domains. Elon's great taste in electric cars and rockets gives him false confidence on social networks. I suspect the team at Twitter intentionally isn't improving the Following feed so that the For You feed has better…
&mdash; David Lieb (@dflieb) <a href="https://twitter.com/dflieb/status/1842958053404197201?ref_src=twsrc%5Etfw">October 6, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/10/41169360/elon-musk-paid-1-million-for-a-1976-car-that-inspired-cybertrucks-design-seller-originally-bought-it?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Paid $1 Million For A 1976 Car That Inspired Cybertruck&#8217;s Design – Seller Originally Bought It For Just $100 In A Storage Unit Sale</a>
Why It Matters: The criticism from Lieb comes amid a challenging period for Musk&#8217;s social media platform, X, formerly known as Twitter. Recently, X released its first transparency report since Musk&#8217;s acquisition, revealing the <a href="https://www.benzinga.com/news/24/09/41042433/elon-musks-x-suspends-5-3m-accounts-flags-10-6m-posts-in-first-transparency-report-amid-user-and-adv">suspension of 5.3 million accounts</a> and the flagging of 10.6 million posts for rule violations. 
Additionally, X has faced a significant decline in user engagement, particularly in the U.K., <a href="https://www.benzinga.com/news/24/09/40994909/elon-musks-x-bled-users-to-bluesky-in-uk-since-the-tech-mogul-started-posting-things-like-civil-war">where active daily users</a> dropped from 8 million to approximately 5.6 million. This decline followed controversial posts by Musk, such as &#8220;civil war is inevitable,&#8221; leading to a noticeable user exodus to platforms like Bluesky.
Furthermore, Meta Platforms Inc.'s president for global affairs, Nick Clegg, has criticized X as a &#8220;tiny&#8221; platform that allows unregulated speech, <a href="https://www.benzinga.com/news/24/09/40852207/meta-exec-slams-elon-musks-x-as-tiny-platform-that-allows-anyone-say-anything">contrasting it with Meta&#8217;s platforms</a>. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41199734/elon-musk-founded-pac-offers-47-for-every-successful-referral-to-petition-show-support-for-free-spee?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk-Founded PAC Offers $47 For Every Successful Referral To Petition: &#8216;Show Support For Free Speech &amp; Right To Bear Arms&#8217; — Tech Mogul Reveals His Goal</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Social Media

Y Combinator Partner Slams Elon Musk's Twitter Strategy, Draws Contrast With Jeff Bezos' Business Philosophy: 'Taste Is Not Transferable'

In a surprising move, Mark Cuban shared a nostalgic photograph with Donald Trump in the Oval Office on X, raising questions about his political views. 
What Happened: The post, made on Sunday, was humorously captioned, &#8220;When your BFF invites you to &#8216;bring a friend to work day.'&#8221; This comes on the heels of Elon Musk&#8216;s participation in a <a href="https://www.benzinga.com/news/24/10/41198624/elon-musk-urges-rally-crowd-vote-for-trump-to-save-democracy">Trump campaign rally in Butler</a>, Pennsylvania, on Saturday, where he encouraged attendees to register and vote in the upcoming election.
Cuban&#8217;s photo has sparked curiosity, especially given his known support for Kamala Harris&#8216;s campaign. Despite the timing, Cuban clarified his stance. When asked if he was endorsing Trump, Cuban simply responded, &#8220;no.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">When your BFF invites you to "bring a friend to work day " <a href="https://t.co/UyKnn6WsbN">pic.twitter.com/UyKnn6WsbN</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1843042059902419009?ref_src=twsrc%5Etfw">October 6, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/10/41157285/elon-musks-mom-chimes-in-after-son-says-he-cant-handle-4-years-of-seeing-and-hearing-kamala-harris-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Mom Chimes In After Son Says He Can&#8217;t Handle 4 Years Of &#8216;Seeing And Hearing&#8217; Kamala Harris And Tim Walz: &#8216;So True&#8217;</a>
Why It Matters: Cuban&#8217;s political journey has been complex. In 2016, he <a href="https://www.benzinga.com/news/24/09/41078897/billionaire-mark-cuban-admits-to-being-a-trump-supporter-in-2016-credits-long-conversation-with-form">admitted to supporting Trump,</a> but a conversation with the former president&#8217;s current vice-president pick J.D. Vance led to a change in his stance. Cuban has since expressed skepticism about Trump&#8217;s tech backers, suggesting they believe they can manipulate him due to his transactional nature. 
Recently, Cuban cautioned <a href="https://www.benzinga.com/news/24/09/41083814/mark-cuban-warns-elon-musk-that-when-the-time-comes-he-needs-trump-the-most-he-will-find-out-the-tru">Musk about Trump&#8217;s loyalty</a>, stating, &#8220;His loyalty is only to himself.&#8221; Meanwhile, Musk&#8217;s rally appearance underscores his growing political involvement, as he supports Trump&#8217;s re-election, arguing it is crucial for democracy. 
Did You Know?
<ul>
<li>Congress Is Making Huge Investments.&nbsp;<a href="https://www.benzinga.com/gov-trades" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Images via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Mark Cuban Now Supporting Donald Trump? Billionaire Investor Who Endorses Kamala Harris For 2024 Election Posts Cryptic Throwback Picture With Ex-President

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.paysafe.com%2Fus-en%2F&amp;esheet=54132013&amp;newsitemid=20241007653130&amp;lan=en-US&amp;anchor=Paysafe&amp;index=1&amp;md5=ad2375511ed793b957d24037ab24f536">Paysafe</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSFE#NYSE">PSFE</a>), a global payments platform, today announced a strategic partnership with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.gig.com%2F&amp;esheet=54132013&amp;newsitemid=20241007653130&amp;lan=en-US&amp;anchor=Gaming+Innovation+Group&amp;index=2&amp;md5=e88115e33681b1a73e010c871691af7c">Gaming Innovation Group</a> or "GiG" (First North: GIG SDB), a leading B2B iGaming technology company. Under the agreement, Paysafe becomes the GiG-endorsed payments platform for all UK, continental European, North American and Latin American operators integrating its market-leading <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.gig.com%2Fplatform%2F&amp;esheet=54132013&amp;newsitemid=20241007653130&amp;lan=en-US&amp;anchor=CoreX+solution&amp;index=3&amp;md5=a157f61530078f16415afef73c775905">CoreX solution</a>.
Launched by GiG in January, CoreX is an AI-driven player account management (PAM) platform serving online casino and sports-betting brands, giving operators the flexibility to localize their operations to any regulated jurisdiction. GiG's global reach will be further strengthened by integrating the highly robust processing capabilities of Paysafe's <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.paysafe.com%2Fus-en%2Flocal-payment-methods%2F&amp;esheet=54132013&amp;newsitemid=20241007653130&amp;lan=en-US&amp;anchor=local+payment+methods&amp;index=4&amp;md5=348b58df285788fd0bbc5c92fef0eee8">local payment methods</a> (LPMs).
Whether an operator is focused on the mature UK market or the evolving US or South American sports-betting spaces, GiG's technology is complemented by connectivity to the Paysafe Gateway, supporting seamless debit or credit card transactions plus Paysafe's suite of LPMs, including its <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.skrill.com%2Fen%2F&amp;esheet=54132013&amp;newsitemid=20241007653130&amp;lan=en-US&amp;anchor=Skrill&amp;index=5&amp;md5=7cfc48f1b201316b9becfba6d49ac2f5">Skrill</a> and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.neteller.com%2Fen%2F&amp;esheet=54132013&amp;newsitemid=20241007653130&amp;lan=en-US&amp;anchor=NETELLER&amp;index=6&amp;md5=d29a918fd7bf36cde8d094fa509e26ce">NETELLER</a> digital wallets and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.paysafecard.com%2Fen&amp;esheet=54132013&amp;newsitemid=20241007653130&amp;lan=en-US&amp;anchor=paysafecard&amp;index=7&amp;md5=b24f3a9d036f26b9fa66a67fa957960a">paysafecard</a> and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.paysafecash.com%2Fen-us%2F&amp;esheet=54132013&amp;newsitemid=20241007653130&amp;lan=en-US&amp;anchor=Paysafecash&amp;index=8&amp;md5=dc4cfa7431947ea3ed6882cb3d8e5d20">Paysafecash</a> eCash solutions. Beyond Paysafe's own LPMs, the Gateway also enables access to 30+ third-party LPMs, including solutions with high brand-recognition in specific markets.
Aligned with GiG's own ethos of agility, the Paysafe Gateway provides all operators with the flexibility to add new LPMs according to market needs and evolving player payment preferences.

PSFE

Paysafe Partners with Gaming Innovation Group to Streamline Payments for Online Casinos and Sports Betting Worldwide

<a href="https://www.globenewswire.com/Tracker?data=ucPry4j0-f26CBQhOANRNaBBl9qpIzCXeIB1YNwO3MqdlPSRBDIvCiqGn4oduNqw7kBUfXlrIEl39XLEKPX499FzcP7Wa8d5hmBF0l_jMMg=">Royal Philips</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHG#NYSE">PHG</a>, AEX: PHIA)))), a global leader in health technology, and Siloam Hospitals Group, Indonesia's leading private healthcare provider, have signed a Memorandum of Understanding (MoU) to advance AI capabilities and development in the healthcare sector in Indonesia.
The strategic collaboration, in partnership with the Universitas Pelita Harapan (UPH) Medical Sciences Group, will focus on capacity building, knowledge sharing, and implementing advanced AI solutions. Leveraging Philips' AI innovations, the collaboration will help transform clinical care and digital health, enhance healthcare delivery and make the healthcare infrastructure more sustainable. The goal is to deliver better care for more people in Indonesia.
This partnership aligns with the Indonesian government's healthcare strategy to improve healthcare accessibility, enhance clinical outcomes, and embrace digital transformation.
Key areas of focus in the partnership:
1. AI-driven clinical care: Philips intends to introduce its cutting-edge AI technologies into Siloam Hospitals, particularly in areas such as radiology, pathology, (interventional) cardiology and clinical operations. AI will enhance clinical decision-making and improve workflows, enabling healthcare professionals to diagnose and treat patients with greater precision and to enhance capacity of the system to be able support more patients.
2. Capacity building and local AI expertise: The MoU will focus on the development of local expertise in AI and digital health through collaboration with the UPH Medical Sciences Group. This initiative includes training programs to enable healthcare professionals, IT specialists and UPH students with the necessary skills to develop and apply AI in clinical settings.
3. Global knowledge sharing with Philips: As a global leader in informatics and AI for healthcare, Philips will share its expertise and global best practices with Siloam Hospitals and UPH. The collaboration includes aligning with Philips' informatics, AI research and global healthcare strategies to create scalable solutions tailored to the needs of Indonesia's healthcare system. 4. Digital health transformation: In support of Indonesia's digital health strategy, Siloam Hospitals will integrate AI into its healthcare management systems, including telemedicine, electronic medical records, and remote patient monitoring. The use of AI will improve patient outcomes, optimize hospital operations, increase capacity and provide patients with personalized, data-driven care, even in remote areas.
5. Supporting the Indonesian government's healthcare goals: The intended partnership aligns with the Indonesian government's strategy to enhance healthcare accessibility and quality.
6. Expertise sharing for driving ESG in healthcare: Philips will support Siloam Hospitals in advancing its ESG strategic priorities, including sustainability in the supply chain, environmental stewardship, fostering an equitable workplace, and expanding healthcare access and education.

Government

Regulations

Philips and Siloam Hospitals Partner to Boost AI-Driven Healthcare in Indonesia

Meta Platforms <a href="https://www.benzinga.com/general/entertainment/24/05/38579395/mark-zuckerberg-once-said-the-biggest-risk-is-not-taking-any-risk-here-are-five-inspiring-q">CEO </a>Mark Zuckerberg is getting a Porsche Cayenne Turbo GT four-seater Coupé customized to be a minivan for his wife Priscilla Chan, the CEO revealed. 
What Happened: &#8220;New side quest. Priscilla wanted a minivan, so I've been designing something I'm pretty sure should exist: a Porsche Cayenne Turbo GT Minivan,&#8221; Zuckerberg said in a post on Instagram on Sunday. The billionaire partnered with California-based auto shop West Coast Customs to make the coupe-to-minivan transition.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="574" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07031507/image-27-1024x574.png" alt="" class="wp-image-582722" style="width:707px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07031507/image-27-1024x574.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07031507/image-27-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07031507/image-27-768x430.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07031507/image-27.png 1423w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
The CEO also got a Porsche 911 GT3 with a Touring package in the same gray shade as Chan&#8217;s Cayenne to complement the minivan.
&#8220;Threw in a manual GT3 Touring to make it his and hers,&#8221; Zuckerberg wrote in his Instagram post. The post was accompanied by pictures of the vehicles at West Coast Customs and also a selfie of the couple with the two Porsche vehicles. 
The CEO also shared a short video of the customised vehicle which seems to sport sliding doors and an elongated body.
Why It Matters: The Cayenne Turbo GT starts at about $200,000 in the U.S. The 911 GT3 sports car, likewise, is <a href="https://www.benzinga.com/markets/equities/24/10/41179608/mark-zuckerberg-bulldozes-past-jeff-bezos-to-become-worlds-2nd-richest-person-as-meta-stock-soar">priced to the higher end</a>.
Zuckerberg has previously shared a similar picture featuring two classic Ford Bronco vehicles, one belonging to Chan and the other to him. 
&#8220;His and hers,&#8221; Zuckerberg captioned the photograph from June 2022.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07031413/image-26-1024x576.png" alt="" class="wp-image-582721" style="width:703px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07031413/image-26-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07031413/image-26-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07031413/image-26-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07031413/image-26.png 1425w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
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Photo courtesy: Chan Zuckerberg Initiative

Mark Zuckerberg Redesigns Porsche Cayenne Turbo GT Into A Minivan For Wife Priscilla Chan, Gets A 911 GT3 For Himself

On Monday, an X user Philip Anderson took to social media to share a surprising find at a Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) store. Anderson posted about a new book titled &#8220;The Achievements of Kamala Harris,&#8221; noting that the pages are entirely blank. The post has quickly gained attention online.
What Happened: Anderson&#8217;s posted the video with the caption, &#8220;BREAKING: Walmart now has a new book on the shelves called The Achievements of Kamala Harris. All the pages in the book are blank.&#8221;
<a href="https://pro.benzinga.com">Benzinga</a> could not independently verify the authenticity of the video.
Harris&#8217;s campaign and Walmart have yet to respond to Benzinga&#8217;s queries.
See Also: <a href="https://www.benzinga.com/news/24/10/41195023/kamala-harris-meets-arab-american-leaders-angry-at-us-for-supporting-israel-in-ongoing-conflict-in-g?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kamala Harris Meets Arab American Leaders Angry At US For Supporting Israel In Ongoing Conflict In Gaza: Report</a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f6a8;BREAKING: Walmart now has a new book on the shelves called The Achievements of Kamala Harris. All the pages in the book are blank. <a href="https://t.co/PWdFWp8Lyu">pic.twitter.com/PWdFWp8Lyu</a>
&mdash; Philip Anderson (@VoteHarrisOut) <a href="https://twitter.com/VoteHarrisOut/status/1843055149973230057?ref_src=twsrc%5Etfw">October 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The timing of Anderson&#8217;s tweet is significant as it comes amidst the heated 2024 presidential race. Kamala Harris is currently leading in the polls against Donald Trump, with recent surveys indicating a slim lead of two to five points. <a href="https://www.benzinga.com/news/24/10/41196906/polls-suggest-this-candidate-holds-slim-lead-in-presidential-race-with-one-month-to-go">Recent polling data</a> shows Harris with a slight advantage, making any public commentary about her noteworthy.
Additionally, Harris has been vocal about her economic policies, recently criticizing Trump&#8217;s tariff plans. She described his approach as &#8220;reckless&#8221; and emphasized the potential impact on Americans. <a href="https://www.benzinga.com/startups/24/10/41197078/hes-just-not-very-serious-says-kamala-harris-you-dont-just-throw-around-the-idea-of-tariffs-across-t">Harris&#8217;s stance highlights</a> her focus on economic issues as a key part of her campaign strategy.
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Walmart Displays New Book On Kamala Harris' 'Achievements' With Blank Pages, Sparks Online Buzz

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Friday.
U.S. stocks settled higher on Friday, with the Dow Jones index gaining more than 300 points during the session following the release of jobs data.
The U.S. economy added 254,000 jobs in September, compared to a revised 159,000 gain in August, and topping market estimates of 147,000. The unemployment rate declined to 4.1% in September from 4.2% in the previous month.
Shares of Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) recorded gains on Friday.
Wall Street also recorded gains last week, with the S&amp;P 500 gaining 0.22% and the Dow adding 0.09%. The Nasdaq, meanwhile, added 0.1% last week.
Shares of Apogee Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) jumped around 23% on Friday after the company reported better-than-expected second-quarter financial results and raised its FY25 adjusted EPS guidance above estimates.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, financials, and communication services stocks recording the biggest gains on Friday. However, real estate and utilities stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 341 points to 42,352.75 on Friday. The S&amp;P 500 rose 0.90% to 5,751.07, while the Nasdaq Composite climbed 1.22% to close at 18,137.85 during Friday's session.
Investors are awaiting earnings results from The Duckhorn Portfolio, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAPA#NYSE">NAPA</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 73.7, the index remained in the &#8220;Greed&#8221; zone on Friday, versus a prior reading of 71.1.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Photo courtesy: Shutterstock

Earnings

Pre-Market Outlook

AMZN

APOG

NAPA

NFLX

Dow Jumps Over 300 Points As Tesla, Amazon And Netflix Record Gains: Investor Optimism Improves, Fear Index Remains In 'Greed' Zone

<ul>
<li>Results of the Phase I clinical trial, presented at the bi-annual Contrast Media Research symposium in Oslo, Norway, conclude that this novel macrocyclic manganese-based contrast agent was well tolerated with no serious adverse events, dose-limiting toxicities or clinically relevant findings reported.</li>
<li>If approved, this agent could provide an alternative to gadolinium-based contrast agents and address the potential impact of post-patient excreted gadolinium in the environment.</li>
<li>The clinical trial program demonstrates GE HealthCare&#39;s commitment to innovation in contrast media and to building a portfolio of MRI imaging agents to address radiologists&#39; needs for their patients</li>
</ul>

GEHC

GE HealthCare Reveals Phase I Results For Macrocyclic Manganese-Based MRI Contrast Agent

Brazil&#8217;s Supreme Court has announced a delay in allowing X, owned by Elon Musk, to resume operations in the <a href="https://www.benzinga.com/news/24/09/41062162/elon-musks-x-reportedly-aims-for-brazil-reentry-backs-down-from-censorship-dispute">country due to a payment error</a>. 
What Happened: The social media platform mistakenly paid $5 million in fines to the wrong bank, hindering its efforts to lift a suspension imposed in late August, Reuters reported.
The Supreme Court suspended X for failing to comply with orders related to moderating hate speech and lacking a legal representative in Brazil. Although X&#8217;s legal team asserts that the fines were paid correctly, the court requires the funds to be transferred to the correct bank before considering the platform&#8217;s request to resume services.
Supreme Court Justice Alexandre de Moraes has instructed that the payment be redirected appropriately. Following this, the prosecutor general will assess X&#8217;s request to lift the ban. Despite the payment issue, X&#8217;s legal representatives have reiterated their plea to end the suspension, arguing against further consultation with the prosecutor general.
See Also: <a href="https://www.benzinga.com/news/24/10/41173594/incestuous-milei-donald-trumps-digital-slip-with-javier-milei-parody-accounts-goes-viral-on-x?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Incestuous Milei&#8217;: Donald Trump&#8217;s Digital Slip With Javier Milei Parody Accounts Goes Viral On X</a>
In recent weeks, X has adhered to court mandates, including blocking specific accounts under investigation. On Sep. 26, the company sought to resume operations, but Moraes ruled that the outstanding fines must be settled first. On Friday, X&#8217;s lawyers confirmed the payment of 28.6 million reais ($5.24 million) in fines.
Why It Matters: The suspension of X in Brazil follows a series of challenges faced by the platform. Recently, X released its first <a href="https://www.benzinga.com/news/24/09/41042433/elon-musks-x-suspends-5-3m-accounts-flags-10-6m-posts-in-first-transparency-report-amid-user-and-adv">transparency report</a> under Musk&#8217;s ownership, revealing the suspension of 5.3 million accounts and the removal or labeling of over 10.6 million posts for rule violations.
Additionally, X has been striving to re-establish its presence in Brazil after a ban in late August due to a <a href="https://www.benzinga.com/news/24/09/41062162/elon-musks-x-reportedly-aims-for-brazil-reentry-backs-down-from-censorship-dispute">censorship dispute</a> with a local judge.
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Image Via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Legal

Global

Elon Musk's X Paid $5M To Wrong Bank In Brazil, Delaying Reinstatement Of Its Services In The Country

Amazon.com, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) cloud computing platform, Amazon Web Services CEO Matt Garman disclosed that the company had been delving into generative AI long&nbsp;before it became a widely&nbsp;accepted concept.
What Happened: During an <a href="https://techcrunch.com/2024/10/06/aws-ceo-matt-garman-on-generative-ai-open-source-and-closing-services/">interview</a> with TechCrunch that was published on Saturday, Garman discussed AWS&#8217;s approach to generative AI.
He recognized that the introduction of OpenAI&#8217;s ChatGPT ignited new interest in the field, but maintained that AWS had been investigating generative AI even before it became a popular term.
&#8220;We'd been looking at generative AI before it became a widely accepted thing, but I will say that when ChatGPT came out, there was kind of a discovery of a new area, of ways that this technology could be applied,&#8221; he said.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/10/41181916/mark-cuban-offers-to-help-elon-musk-boost-x-revenue-says-tesla-ceo-is-concerned-about-declining-user?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Offers To Help Elon Musk Boost X Revenue, Says Tesla CEO Is Concerned About Declining Users: &#8216;I Wish He Would Call Me&#8217;</a>
Garman also responded to criticisms that AWS was slow to introduce its own generative AI tools, thereby giving&nbsp;competitors like Google Cloud and&nbsp;Microsoft Azure an edge.
He contended that this was more of a perception than reality, as AWS had already launched&nbsp;successful machine learning services like&nbsp;SageMaker.
He went on to add that AWS adopted a more thoughtful approach to generative AI, concentrating on how its customers could best incorporate&nbsp;this technology into their applications.
This led to the creation of Bedrock, AWS&#8217;s platform that provides access to a range&nbsp;of open and proprietary models.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Garman started his journey at Amazon as an intern and later <a href="https://www.benzinga.com/news/24/05/38824439/amazon-web-services-undergoes-leadership-change-matt-garman-to-take-over-as-ceo">took over AWS following</a> Adam Selipsky&#8217;s exit. He has been a part of the e-commerce giant since 2005.
Meanwhile, analysts have also recognized Amazon&#8217;s strong position in both e-commerce and cloud.
Last month, an analyst from Cantor Fitzgerald initiated coverage of Amazon with an Overweight rating, citing the company&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40734889/amazon-analyst-says-companys-dominant-competitive-position-in-e-commerce-aws-provid">dominant competitive position</a> and the potential of AI in powering the AWS cloud business line.
In August, Amazon CEO Andy Jassy highlighted the company&#8217;s commitment to <a href="https://www.benzinga.com/markets/equities/24/08/40124749/amazon-ceo-andy-jassy-highlights-multi-faceted-ai-strategy-with-aws-innovation-emphasizes-partne">providing a variety of AI solutions</a> through AWS. &#8220;There is not one tool to rule the world,&#8221; he said at the time.
AWS&#8217;s AI capabilities have also been leveraged by other entities. Previously, it was reported that <a href="https://www.benzinga.com/news/24/08/40523419/chinese-firms-are-reportedly-accessing-high-end-nvidia-ai-chips-using-aws-and-microsoft-cloud-servic">Chinese firms were using</a> AWS to access high-end Nvidia AI chips, bypassing US restrictions.
Photo by Sundry Photography via Shutterstock
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

AWS CEO Matt Garman, Once An Intern, Says They Were Pioneering Generative AI At Amazon Long Before ChatGPT Sparked A Wave Of Excitement: 'It Became A Widely Accepted Thing'

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Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) are among the artificial intelligence stocks that have seen strong gains since early to mid-September. While the <a href="https://www.benzinga.com/markets/equities/24/10/41179608/mark-zuckerberg-bulldozes-past-jeff-bezos-to-become-worlds-2nd-richest-person-as-meta-stock-soar">former is perched at a record high, </a>the latter, despite its recent strong run, is yet to reclaim its Jan. 2021 peak. 
Here&#8217;s a look at the relative performance of these two stocks and what the near-term holds for them:
Meta Vs. Palantir: Meta has gained over 68% for the year-to-date period, while Palantir is up a steeper 133%. The data analytics company co-founded by Peter Thiel is the fourth best-performing S&amp;P 500 company this year, while Meta, co-founded by Mark Zuckerberg, holds the 11th spot on the list.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="446" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07021223/image-22-1024x446.png" alt="" class="wp-image-582620" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07021223/image-22-1024x446.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07021223/image-22-300x131.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07021223/image-22-768x335.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07021223/image-22-1536x669.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07021223/image-22.png 1912w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Source: Benzinga Pro
As is seen in the chart, both stocks have outperformed the broader market, as represented by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) &#8211; an exchange-traded fund that tracks the S&amp;P 500 Index.
Valuations of both stocks have become expensive following the recent spike. The forward price-earnings ratio for Palantir is currently at a hefty 95.2 but Meta is trading at a more modest forward P/E valuation of 24.75. The social media giant&#8217;s P/E ratio is fairly in line with 21.3 which is applicable to the communications services sector.
See Also: <a href="https://www.benzinga.com/money/best-artificial-intelligence-stocks">Best Artificial Intelligence Stocks</a>
The Palantir Rally: Palantir has been on an uptrend since it gap-opened higher on Sept. 9, the first session after the S&amp;P Dow Jones Indices said the company would be added to the S&amp;P 500 Index, effective prior to the start of trading on Sept. 23. Commenting on the feat, Wedbush analyst Daniel Ives said, &#8220;The profitability profile of this story has significantly been bolstered with this <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40766713/palantirs-s-p-500-inclusion-another-validation-moment-as-it-embarks-on-new-era-of-e">another validation moment for the Palantir story.&#8221;</a>
Although there was a &#8216;buy the rumor, sell the news&#8217; moment after the inclusion, the stock has been grinding solidly higher since the start of October.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="440" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07022131/image-23-1024x440.png" alt="" class="wp-image-582632" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07022131/image-23-1024x440.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07022131/image-23-300x129.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07022131/image-23-768x330.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07022131/image-23-1536x660.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07022131/image-23.png 1911w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Source: Benzinga Pro
Meta Connects With Investors: After the early August broader market swoon set in motion by yen carry-trade unwinding, Meta&#8217;s stock found its feet shortly after and climbed higher until mid-August. The stock experienced a mild pullback that lasted through mid-September.
The two-day Meta Connect conference held on Sept. 25-26 saw the company announcing a slew of products and other offerings. These include AI-driven chatbots, an updated Llama large-language model, the latest Ray-Ban smart glasses with improved camera functionality, voice controls, and deeper integration with AI, Meta Quest 4, the next-generation virtual reality headset, and the Orion augmented reality glasses.
The stock has been on a steady climb since then.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="436" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07023813/image-24-1024x436.png" alt="" class="wp-image-582653" style="width:921px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07023813/image-24-1024x436.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07023813/image-24-300x128.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07023813/image-24-768x327.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07023813/image-24-1536x654.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07023813/image-24.png 1907w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Source: Benzinga Pro
Further Upside? The average analysts&#8217; price targets, compiled by TipRanks, suggest modest upside potential for Meta but downside for Palantir.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td></td>
<td>Current Price</td>
<td>1-Year Average Analysts&#8217; Price Target</td>
<td>Upside/Downside Potential</td>
</tr>
<tr>
<td>Meta</td>
<td>$595.94</td>
<td>$608.20</td>
<td>+2.06%</td>
</tr>
<tr>
<td>Palantir</td>
<td>$40.01</td>
<td>$27.67</td>
<td>(-30.84%)</td>
</tr>
</tbody>
</table>
</figure>
The next big catalyst for Meta is likely to be the company&#8217;s third-quarter results due on Oct. 30, with the consensus modeling over 30% earnings per share growth and nearly 20% revenue growth. Meta&#8217;s fortunes to a large extent is tied to ad spending, which in turn hinges on macroeconomic conditions. With the Fed showing a proclivity to take rates down in the coming months, credit conditions could ease, potentially benefiting Meta.
Palantir is a favorite among retail investors. Continuing deal flow, and strong third-quarter results and positive fourth-quarter guidance could keep the upward momentum intact.
More importantly, the market has entered a seasonally strong quarter when a confluence of factors typically lifts the market. The stretched valuations, therefore, may not preclude further gains. That said, <a href="https://www.benzinga.com/markets/asia/24/10/41192510/labor-market-surprises-with-strength-energy-stocks-rally-on-israel-iran-tensions-chinese-tech-giants">investors may remain wary of geopolitical and macroeconomic headwinds, </a>with two wars ongoing and a hard-landing scenario still not off the table.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41200138/schwab-trading-activity-falls-in-september-despite-market-strength-nvidia-palantir-among-most-so">Schwab Trading Activity Falls In September Despite Market Strength: Nvidia, Palantir Among Most Sought-After Stocks But These 5 Fell Out Of Favor</a></li>
</ul>
Image Via Shutterstock

Equities

PLTR

Meta Stock Returns Pale Next To Peter Thiel's Secretive Data Company Even As Mark Zuckerberg Company's AI Advancements Generate Excitement

Integrated Gas 
&nbsp;
<table>
<tbody>
<tr>
<td>$ billions</td>
<td>Q3&#39;24&nbsp;Outlook</td>
<td>Comment</td>
</tr>
<tr>
<td colspan="3">Adjusted EBITDA:</td>
</tr>
<tr>
<td>Production (kboe/d)</td>
<td>920 - 960</td>
</tr>
<tr>
<td>LNG liquefaction volumes (MT)</td>
<td>7.3 - 7.7</td>
</tr>
<tr>
<td>Underlying opex</td>
<td>1.1 - 1.3</td>
</tr>
<tr>
<td colspan="3">Adjusted Earnings:</td>
</tr>
<tr>
<td>Pre-tax depreciation</td>
<td>1.2 - 1.6</td>
</tr>
<tr>
<td>Taxation charge</td>
<td>0.8 - 1.1</td>
</tr>
<tr>
<td colspan="3">Other Considerations:</td>
</tr>
<tr>
<td colspan="3">Trading &amp; Optimisation results are expected to be in line with&nbsp;Q2&#39;24.</td>
</tr>
</tbody>
</table>
Upstream 
&nbsp;
<table>
<tbody>
<tr>
<td>$ billions</td>
<td>Q3&#39;24&nbsp;Outlook</td>
<td>Comment</td>
</tr>
<tr>
<td colspan="3">Adjusted EBITDA:</td>
</tr>
<tr>
<td>Production (kboe/d)</td>
<td>1,740 - 1,840</td>
</tr>
<tr>
<td>Underlying opex</td>
<td>1.9 - 2.5</td>
</tr>
<tr>
<td colspan="3">Adjusted Earnings:</td>
</tr>
<tr>
<td>Pre-tax depreciation</td>
<td>2.3 - 2.9</td>
</tr>
<tr>
<td>Taxation charge</td>
<td>2.0 - 2.8</td>
</tr>
<tr>
<td colspan="3">Other Considerations:</td>
</tr>
<tr>
<td colspan="3">The share of profit / (loss) of joint ventures and associates in&nbsp;Q3&#39;24 is expected to be ~$0.1 billion.&nbsp;Q3&#39;24 exploration well write-offs are expected to be ~$0.1 billion.</td>
</tr>
</tbody>
</table>
Marketing 
&nbsp;
<table>
<tbody>
<tr>
<td>$ billions</td>
<td>Q3&#39;24&nbsp;Outlook</td>
<td>Comment</td>
</tr>
<tr>
<td colspan="3">Adjusted EBITDA:</td>
</tr>
<tr>
<td>Sales volumes (kb/d)</td>
<td>2,750 - 3,150</td>
</tr>
<tr>
<td>Underlying opex</td>
<td>2.5 - 2.9</td>
</tr>
<tr>
<td colspan="3">Adjusted Earnings:</td>
</tr>
<tr>
<td>Pre-tax depreciation</td>
<td>0.4 - 0.8</td>
</tr>
<tr>
<td>Taxation charge</td>
<td>0.2 - 0.5</td>
</tr>
<tr>
<td colspan="3">Other Considerations:</td>
</tr>
<tr>
<td colspan="3">Marketing results are expected to be in line with&nbsp;Q2&#39;24.</td>
</tr>
</tbody>
</table>
Chemicals and Products 
&nbsp;
<table>
<tbody>
<tr>
<td>$ billions</td>
<td>Q3&#39;24&nbsp;Outlook</td>
<td>Comment</td>
</tr>
<tr>
<td colspan="3">Adjusted EBITDA:</td>
</tr>
<tr>
<td>Indicative refining margin</td>
<td>$5.5/bbl</td>
</tr>
<tr>
<td>Indicative chemicals margin</td>
<td>$164/tonne</td>
<td>The Chemicals sub-segment adjusted earnings are expected to reflect a marginal loss in&nbsp;Q3&#39;24.</td>
</tr>
<tr>
<td>Refinery utilisation</td>
<td>79%&nbsp;-&nbsp;83%</td>
</tr>
<tr>
<td>Chemicals utilisation</td>
<td>73%&nbsp;-&nbsp;77%</td>
</tr>
<tr>
<td>Underlying opex</td>
<td>2.1 - 2.5</td>
</tr>
<tr>
<td colspan="3">Adjusted Earnings:</td>
</tr>
<tr>
<td>Pre-tax depreciation</td>
<td>0.8 - 1.0</td>
</tr>
<tr>
<td>Taxation charge / (credit)</td>
<td>(0.3) - 0.1</td>
</tr>
<tr>
<td colspan="3">Other Considerations:</td>
</tr>
<tr>
<td colspan="3">Trading &amp; Optimisation is expected to be lower than&nbsp;Q2&#39;24.</td>
</tr>
</tbody>
</table>
Renewables and Energy Solutions 
&nbsp;
<table>
<tbody>
<tr>
<td>$ billions</td>
<td>Q3&#39;24&nbsp;Outlook</td>
<td>Comment</td>
</tr>
<tr>
<td>Adjusted Earnings</td>
<td>(0.4) - 0.2</td>
</tr>
</tbody>
</table>
Corporate 
&nbsp;
<table>
<tbody>
<tr>
<td>$ billions</td>
<td>Q3&#39;24&nbsp;Outlook</td>
<td>Comment</td>
</tr>
<tr>
<td>Adjusted Earnings</td>
<td>(0.7) - (0.5)</td>
</tr>
</tbody>
</table>
Shell Group 
&nbsp;
<table>
<tbody>
<tr>
<td>$ billions</td>
<td>Q3&#39;24&nbsp;Outlook</td>
<td>Comment</td>
</tr>
<tr>
<td colspan="3">CFFO:</td>
</tr>
<tr>
<td>Tax paid</td>
<td>2.5 - 3.3</td>
</tr>
<tr>
<td>Derivative movements</td>
<td>(2) - 2</td>
<td rowspan="2">Derivative movements and working capital estimations inherently have a broad range of uncertainty.</td>
</tr>
<tr>
<td>Working capital</td>
<td>0 - 4</td>
</tr>
<tr>
<td colspan="3">Other Shell Group Considerations:</td>
</tr>
<tr>
<td colspan="3">-&nbsp;</td>
</tr>
</tbody>
</table>
Guidance 
&nbsp;
The &lsquo;Quarterly Databook&#39; contains&nbsp;guidance&nbsp;on Indicative Refining Margin, Indicative Chemicals Margin and full-year price and margin sensitivities (<a href="https://www.globenewswire.com/Tracker?data=dBiulSOwdnv6ontRXgwKG5_fm7_6-2x3FDn7cI1X0eg7-kfSD96TGXy5hXSyUfPEMCC-1G7WZAqaUZ2nVXEybqrZaZQazKoPcsqH_jQwGGCWtfJCSd-8SLMfSsB6b4G6ZlbKHp4nvHnJtCbHNrPLDRLUAeMBlYYjzHAHebJmmq9JGqiemcviugiTOefy9s1vIDtOsqSUpkYZT7feYcPOChSTkHiSDAq0ZxgrADeG6iiDcJUlwaQhn0l0hREUwogpFJ7ZTNvDW1orWMoImP5ndFxOQgAYbbn1wOL83z9K0IlClUSrQMX2VdOmR_usg4mc" target="_blank">Link</a>).
Consensus 
&nbsp;
The consensus collection for quarterly Adjusted Earnings, Adjusted EBITDA is per the reporting segments and CFFO at a Shell group level, managed by Vara Research, is expected to be published on October 23, 2024.

Guidance

SHEL

Shell Projects Q3 2024 LNG Volumes Between 7.3 And 7.7 MT, Highlights Mixed Performance Across Segments

Strategic Acquisition will Enhance Capabilities in Capital Markets, Banking Operations and Asset Servicing, Strengthening Client Offerings Globally

EPAM

EPAM Systems Acquires First Derivative In Strategic Move, Expanding Financial Services Capabilities Globally

Byrna Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYRN#NASDAQ">BYRN</a>) will release earnings results for its third quarter, before the <a href="https://www.benzinga.com/quote/BYRN/earnings">opening bell on Wednesday, Oct. 9.</a>
Analysts expect the Andover, Massachusetts-based company to report quarterly earnings at 5 cents per share, versus a year-ago loss of 12 cents per share. Byrna Technologies projects to report revenue of $20.8 million for the quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Sept. 4, Byrna Technologies announced preliminary third-quarter financial results with revenue above estimates.
Byrna Technologies shares gained 9.4% to close at $18.95 on Friday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/byrn/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5888c53c77f9dd0001877a30/matt-koranda">Roth MKM analyst Matt Koranda</a> initiated coverage on the stock with a Buy rating and a price target of $14 on Aug. 28. This analyst has an accuracy rate of 65%.</li>
<li>Ladenburg Thalmann analyst Jon Hickman maintained a Buy rating and raised the price target from $12.75 to $16.25 on April 9. This analyst has an accuracy rate of 64%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/585beadbb5a482000151d184/jeff-van%20sinderen">B. Riley Securities analyst Jeff Van Sinderen</a> reiterated a Buy rating and raised the price target from $14 to $17 on April 8. This analyst has an accuracy rate of 75%.</li>
<li>Raymond James analyst Brian Gesuale downgraded the stock from Strong Buy to Market Perform on Sept. 27. This analyst has an accuracy rate of 73%.</li>
</ul>
Considering buying BYRN stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="520" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07030850/image-25-1024x520.png" alt="" class="wp-image-582704" style="width:612px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07030850/image-25-1024x520.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07030850/image-25-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07030850/image-25-768x390.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07030850/image-25.png 1320w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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</ul>

Analyst Ratings

BYRN

Top Wall Street Forecasters Revamp Byrna Technologies Price Expectations Ahead Of Q3 Earnings

Revenues for September 2024
<table cellspacing="0">
<tbody>
<tr>
<td colspan="1" rowspan="1">
Period
</td>
<td colspan="1" rowspan="1">
2024
</td>
<td colspan="1" rowspan="1">
2023
</td>
<td colspan="1" rowspan="1">
Y/Y Change
</td>
<td colspan="1" rowspan="1">
Y/Y (%)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
September
</td>
<td colspan="1" rowspan="1">
18,942,714
</td>
<td colspan="1" rowspan="1">
19,052,938
</td>
<td colspan="1" rowspan="1">
-110,224
</td>
<td colspan="1" rowspan="1">
-0.58%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Jan.-Sep.
</td>
<td colspan="1" rowspan="1">
171,916,474
</td>
<td colspan="1" rowspan="1">
167,574,722
</td>
<td colspan="1" rowspan="1">
4,341,752
</td>
<td colspan="1" rowspan="1">
2.59%
</td>
</tr>
</tbody>
</table>

United Microelectronics Reported Net Sales Decline Of 0.58% YoY In September 2024

AbbVie to develop long acting injectables in a deal worth up to $1.9B

AbbVie to develop long-acting injectables in a deal worth up to $1.9B

Teva, Medincell succeed in late-stage trial for injectable schizophrenia therapy

Teva hits a five-year high on schizophrenia trial win, Q1 beat

MedinCell S.A. reports FY results

ABBV

RPRX

Medincell

Here&#39;s a roundup of top developments in the biotech space over the last 24 hours.

<h1>Stocks In Focus</h1>

<h1>Arcturus Self-amplifying COVID-19 mRNA Vaccine Candidate Meets Primary Goal In Phase 3 Study</h1>

Arcturus Therapeutics Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCT#NASDAQ">ARCT</a>) <a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/04/b26708185/arcturus-announces-self-amplifying-covid-19-mrna-vaccine-candidate-arct-154-meets-primary-efficacy" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">shared topline data</a>&nbsp;from an ongoing Phase 1/2/3 trial evaluating the ARCT-154 COVID-19 vaccine candidate.

ARCT-154 is Arcturus&#39; self-amplifying mRNA COVID-19 vaccine candidate.

Two 5-mcg doses of ARCT-154 demonstrated 55% vaccine efficacy for protection against COVID-19. The company has advanced ARCT-154 (5 mcg) toward a pivotal booster study that will involve approximately 2,400 participants.

Shares are trading 8.95% lower at $23.00 during the premarket session.

<h1>Windtree Reveals Encouraging Data From Istaroxime Study In Early Cardiogenic Shock</h1>

Windtree Therapeutics Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WINT#NASDAQ">WINT</a>) announced positive primary results with istaroxime in rapidly raising systolic blood pressure.

The study met its primary endpoint in SBP profile over six hours, with the istaroxime treated group performing significantly better than the control group.

Further details of the study results are planned to be presented at the European Society of Cardiology Heart Failure meeting to be held next month.

Shares are surging 46% at $1.50 during the premarket session.

Click&nbsp;<a href="https://www.benzinga.com/fda-biotech#historical">here&nbsp;</a>to access Benzinga&#39;s FDA Calendar

<h1>FDA Rejects Teva -&nbsp;MedinCell&#39;s Schizophrenia Candidate</h1>

Teva Pharmaceutical Industries Ltd&#39;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEVA#NYSE">TEVA</a>) US subsidiary and MedinCell SA (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MDCLF#OTC">MDCLF</a>) have received FDA Complete Response Letter (CRL) regarding TV-46000/mdc-IRM for schizophrenia.

The drug candidate is risperidone extended-release injectable suspension for subcutaneous use.

Teva is reviewing its next steps based on the letter and will work closely with the FDA to address their recommendations.

Shares are down 4.52% at $9.72 during the premarket session.

<h1>Navidea&#39;s Tc99m Tilmanocept Imaging Can Differentiate Fibroid Pathotype Of Rheumatoid Arthritis</h1>

Navidea Biopharmaceuticals Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAVB#NYSE">NAVB</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/04/b26707289/navidea-biopharmaceuticals-announces-positive-preliminary-results-of-its-ongoing-phase-2b-study-co" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">announced preliminary results</a>&nbsp;from the ongoing NAV3-32 Phase 2B study of Tc99m Tilmanocept.

Preliminary results on the first eleven patients indicate that quantitative Tc99m tilmanocept uptake in the hands and wrists of patients is proportional to the amount of macrophage involvement in individual rheumatoid arthritis patients&#39; joint inflammation.&nbsp;

Additionally, Tc99m tilmanocept uptake in RA-inflamed joints could discretely differentiate patients with the fibroid pathotype.

<h1>AlloVir&#39;s Lead Cell Therapy Secures RMAT Tag In Stem Cell Transplant&nbsp;</h1>

The&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/04/b26707343/fda-grants-regenerative-medicine-advanced-therapy-rmat-designation-to-allovirs-posoleucel-for-prev" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">FDA has granted Regenerative Medicine Advanced Therapy</a>&nbsp;(RMAT) designation to&nbsp;AlloVir Inc&#39;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALVR#NASDAQ">ALVR</a>) lead T cell therapy, posoleucel, to prevent clinically significant infections and disease from six devastating viruses in stem cell transplant patients.

This is the third RMAT designation that the FDA has granted to posoleucel.

Shares are trading 25.1% higher at $6.77 during the premarket session.

<h1>Otonomy Posts Mid-Stage Hearing Loss Study Data</h1>

Otonomy Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTIC#NASDAQ">OTIC</a>) has&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/04/g26708174/otonomy-reports-positive-top-line-results-from-phase-2a-clinical-trial-of-oto-413-in-patients-with" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">announced topline results</a>&nbsp;from the Phase 2a clinical trial of OTO-413 in subjects with hearing loss.&nbsp;

The trial demonstrated that a single intratympanic injection of 0.3 mg OTO-413 provided clinically meaningful treatment benefit versus placebo across multiple speech-in-noise hearing tests.&nbsp;

Shares are up 8.29% at $2.35 during premarket trading.

The Daily Biotech Pulse: Windtree Jumps On Istaroxime Data, Arcturus' COVID-19 Vaccine Trial Data, FDA Rejects Teva's Schizophrenia Med, Otonomy Aces Hearing Loss Study

<ul>
	<li>Teva Pharmaceutical Industries Ltd&#39;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEVA#NYSE">TEVA</a>) U.S. affiliate and&nbsp;MedinCell SA&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MDCLF#OTC">MDCLF</a>) have&nbsp;<a class="editor-rtfLink" href="https://www.businesswire.com/news/home/20220419006090/en/Teva-and-MedinCell-Receive-Complete-Response-Letter-for-TV-46000mdc-IRM" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">received FDA Complete Response Letter</a>&nbsp;(CRL) regarding TV-46000/mdc-IRM for schizophrenia.</li>
	<li>The drug candidate is risperidone extended-release injectable suspension for subcutaneous use.</li>
	<li>Teva is reviewing its next steps based on the letter and will work closely with FDA to address their recommendations.</li>
	<li>Related:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/21/11/23786686/teva-reports-encouraging-data-from-late-stage-schizophrenia-trial" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Teva Reports Encouraging Data From Late-Stage Schizophrenia Trial</a>.</li>
	<li>The application included Phase 3 data from two pivotal studies that evaluated the efficacy, long-term safety, and tolerability of TV-46000 as a treatment for patients with schizophrenia.</li>
	<li>Price Action:&nbsp;TEVA shares are down 4.42% at $9.73 during the premarket session on the last check Wednesday.</li>
</ul>

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