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89BIO INC

89bio

89bio Inc is a United States-based clinical-stage biopharmaceutical company focused on the development and commercialization of therapies for the treatment of liver and cardio-metabolic diseases. Its product candidate, pegozafermin (previously BIO89-100), a specifically engineered glycoPEGylated analog of fibroblast growth factor 21 (FGF21), is currently being developed for the treatment of nonalcoholic steatohepatitis (NASH) and for the treatment of severe hypertriglyceridemia (SHTG).

Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) has just<a href="https://relevvo.com/blog/our-next-chapter/"> acquired</a> technology from Relevvo, a small Seattle startup that built an AI platform designed to help business-to-business companies find and connect with high-intent buyers faster than traditional sales methods allow.
Relevvo said in the blog post announcing the acquisition that its technology will enhance Intuit's ability to serve mid-market <a href="https://www.benzinga.com/markets/tech/25/06/45784639/jeff-bezos-let-customers-cancel-their-own-amazon-orders-and-it-paid-off-big-if-you-give-people-more-controlmaybe-theyll-order-more">customers</a> with greater precision, speed, and insight by refining customer profiles and enabling personalized outreach at scale.
Relevvo CEO and co-founder Aashish Dhamdhere called the deal "an opportunity to apply our breakthrough innovation at scale," emphasizing how their platform was built to shift the outdated B2B sales model using modern, data-driven strategies.
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<h2 class="wp-block-heading">This Former Microsoft and Amperity Exec Just Scored a Big Win With a Tiny Team</h2>
Relevvo was founded in 2020 by Dhamdhere and Tushar Shanbhag, two longtime tech leaders with resumes that span major companies including <a href="https://www.benzinga.com/personal-finance/25/03/44358643/burned-out-microsoft-engineer-with-1-1m-portfolio-debates-early-retirement-what-options-do-i-hav">Microsoft</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Apptio, Cloudera, and VMware (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMW#NYSE">VMW</a>),<a href="https://www.geekwire.com/2025/intuit-acquires-seattle-startup-relevvo-which-helps-b2b-sales-teams-connect-with-buyers/"> GeekWire</a> reports. Before launching Relevvo, Dhamdhere held marketing leadership positions at Skilljar, Amperity, and LiquidPlanner, while Shanbhag worked at Arimo and was most recently a director of products at LinkedIn.
Relevvo was created in response to a clear breakdown in traditional B2B sales: teams were relying on outdated playbooks, mass outreach, and static signals that didn't reflect real buyer intent. With tighter budgets and smaller teams, the founders said they saw an urgent need for a smarter system; one that could help sellers cut through noise and engage the right accounts at the right moment using actionable context.
To solve that, the company built an AI-powered go-to-market platform that analyzes public data sources such as regulatory filings, industry news, and cybersecurity bulletins. According to the<a href="https://www.bizjournals.com/seattle/news/2025/06/30/intuit-relevvo-acquisition-sales-marketing.html"> Puget Sound Business Journal</a>, the software then identifies buying signals and recommends tailored messaging to improve engagement outcomes for B2B sellers.
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That capability attracted clients like Esper, FireMon, and iSpot, which used the platform to power targeted campaigns and connect more effectively with high-intent prospects. GeekWire reports that Relevvo's approach helped these companies modernize their marketing strategy and focus efforts on accounts that showed the strongest fit.
According to GeekWire, Relevvo raised a $1.5 million seed round in 2021 led by Founders' Co-op, with additional support from Precursor Ventures and several experienced angel investors.
<h2 class="wp-block-heading">Intuit Wants to Serve Mid-Market Businesses With Speed and Smarter Targeting</h2>
A spokesperson for Intuit confirmed to Puget Sound Business Journal that the company acquired Relevvo's technology and hired several team members, but did not purchase the company's operating business or existing customer contracts.
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Relevvo had just nine employees listed on LinkedIn at the time of acquisition, but according to Puget Sound Business Journal, their impact was significant enough to attract the attention of a company that owns products like TurboTax, QuickBooks, Mailchimp, and Credit Karma.
"Relevvo's AI technology can refine ideal customer profiles, identify top accounts and generate personalized outreach at scale, with a level of precision and automation that is far ahead of the market. By combining Relevvo's breakthrough AI with rich customer data, we're unlocking a new way to engage mid-market businesses," Intuit senior vice president of Go-To-Market Technology &amp; India Site Leader Saurabh Saxena said in Relevvo&#8217;s blog post.
In the third quarter of this fiscal year, Intuit <a href="https://investors.intuit.com/_assets/_3c637833ade9aa7fe5d6c605238b39e6/intuit/news/2025-05-22_Intuit_Reports_Strong_Third_Quarter_Results_and_1251.pdf">posted</a> $7.8 billion in revenue, up from $6.7 billion during the same period the year before.
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Image: Shutterstock

Personal Finance

INTU

MSFT

He Worked At Microsoft, Amperity And Apptio — Now His 9-Person Startup Is Working With Intuit To Transform Mid-Market Sales [CORRECTED]

Truist Securities analyst Michael Roxland maintains Louisiana-Pacific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>) with a Buy and lowers the price target from $111 to $108.

News

Price Target

Analyst Ratings

Truist Securities Maintains Buy on Louisiana-Pacific, Lowers Price Target to $108

Truist Securities analyst Michael Roxland maintains Graphic Packaging Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPK#NYSE">GPK</a>) with a Hold and lowers the price target from $24 to $23.

Truist Securities Maintains Hold on Graphic Packaging Holding, Lowers Price Target to $23

Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) has begun testing Devin, <a href="https://www.benzinga.com/topic/artificial-intelligence" target="_blank" rel="noreferrer noopener">an autonomous AI</a> software engineer developed by Cognition Labs, as it seeks to integrate AI agents alongside its 12,000 human developers, tech chief Marco Argenti <a href="https://www.cnbc.com/2025/07/11/goldman-sachs-autonomous-coder-pilot-marks-major-ai-milestone.html">told</a> CNBC.
Argenti said the firm will start deploying hundreds—and eventually thousands—of Devins to handle routine engineering tasks, such as updating internal codebases. These AI agents will operate under human supervision, significantly boosting developer productivity.
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Goldman becomes the first major bank to pilot Devin, which gained attention in 2024 after Cognition Labs claimed it had built the world&#8217;s first fully autonomous software engineer. The startup, valued at nearly $4 billion, counts Peter Thiel&#8217;s Founders Fund among its backers.
Argenti described the initiative as a step toward a &#8220;hybrid workforce,&#8221; where humans and AI work side by side. The move underscores Wall Street&#8217;s accelerating adoption of agentic AI tools, which extend beyond assisting with tasks and executing complex, multi-step projects, such as building apps or modernizing infrastructure.
As AI adoption grows, concerns about job displacement continue. Bloomberg&#8217;s research unit estimates that banks may cut up to 200,000 jobs in the next 3–5 years due to AI automation.
Goldman&#8217;s approach, however, utilizes AI to offload repetitive tasks, allowing human developers to focus on higher-value projects.
Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) and Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) <a href="https://www.benzinga.com/markets/tech/25/07/46314590/alibaba-predicts-ai-digital-colleagues-will-be-commonplace-within-five-years" target="_blank" rel="noreferrer noopener">each expect AI</a> to play a central role in reshaping the modern workplace by handling routine tasks and boosting human productivity.
Alibaba forecasts that AI-powered digital colleagues—virtual assistants capable of performing repetitive work—will become common within five years. According to Huang Fei, VP at Alibaba Cloud, these AI agents are already gaining traction across industries, allowing employees to focus more on strategic and creative work.
At Salesforce, CEO Marc Benioff said in June that AI now completes up to 50% of tasks in areas such as engineering and support. He even joked about AI replacing him, underscoring its expanding influence in leadership and operations.
Microsoft CEO Satya Nadella also weighed in, stating in March that AI won&#8217;t replace knowledge workers but will redefine cognitive tasks, much like email or spreadsheets have transformed office work. He sees AI agents freeing people to focus on high-value activities.
Price Action: GS stock is down 1.29% at $700.00 premarket as of last check on Friday.
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Photo: Shutterstock

Tech

Media

BABA

Goldman Bets On AI Developer To Boost Productivity—Could This Be The Future Of Wall Street Jobs?

Truist Securities analyst Michael Roxland maintains Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) with a Buy and lowers the price target from $54 to $53.

Truist Securities Maintains Buy on Sonoco Prods, Lowers Price Target to $53

Truist Securities analyst Michael Roxland maintains Silgan Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLGN#NYSE">SLGN</a>) with a Buy and raises the price target from $62 to $67.

SLGN

Truist Securities Maintains Buy on Silgan Hldgs, Raises Price Target to $67

Truist Securities analyst Michael Roxland maintains Sealed Air (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEE#NYSE">SEE</a>) with a Buy and raises the price target from $33 to $40.

Truist Securities Maintains Buy on Sealed Air, Raises Price Target to $40

RBC Capital analyst Nik Modi maintains Conagra Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) with a Sector Perform and lowers the price target from $25 to $22.

RBC Capital Maintains Sector Perform on Conagra Brands, Lowers Price Target to $22

Truist Securities analyst Michael Roxland maintains O-I Glass (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) with a Buy and raises the price target from $16 to $21.

Truist Securities Maintains Buy on O-I Glass, Raises Price Target to $21

RBC Capital analyst Scott Hanold maintains ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) with a Outperform and lowers the price target from $115 to $113.

RBC Capital Maintains Outperform on ConocoPhillips, Lowers Price Target to $113

Truist Securities analyst Michael Roxland maintains Crown Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCK#NYSE">CCK</a>) with a Hold and raises the price target from $110 to $117.

Truist Securities Maintains Hold on Crown Holdings, Raises Price Target to $117

Truist Securities analyst Michael Roxland maintains Ball (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BALL#NYSE">BALL</a>) with a Buy and raises the price target from $62 to $69.

BALL

Truist Securities Maintains Buy on Ball, Raises Price Target to $69

Embraer-Empresa Brasileira De Aeronautica

Trump Slaps Brazil With 50% Tariff In Bolsonaro Spat — Economists Say It 'Sets A Scary Precedent' As Trade Surplus Ignored

Truist Securities analyst Michael Roxland maintains Amcor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMCR#NYSE">AMCR</a>) with a Buy and lowers the price target from $12 to $11.

AMCR

Truist Securities Maintains Buy on Amcor, Lowers Price Target to $11

Truist Securities analyst Michael Ciarmoli downgrades AerSale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASLE#NASDAQ">ASLE</a>) from Buy to Hold and lowers the price target from $8 to $6.

Downgrades

ASLE

Truist Securities Downgrades AerSale to Hold, Lowers Price Target to $6

Truist Securities analyst Michael Ciarmoli upgrades Astronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATRO#NASDAQ">ATRO</a>) from Hold to Buy and raises the price target from $32 to $49.

Upgrades

ATRO

Truist Securities Upgrades Astronics to Buy, Raises Price Target to $49

JMP Securities analyst Patrick Walravens reiterates Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Market Outperform and maintains $430 price target.

Reiteration

JMP Securities Reiterates Market Outperform on Salesforce, Maintains $430 Price Target

Truist Securities analyst Lucas Servera upgrades GXO Logistics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GXO#NYSE">GXO</a>) from Hold to Buy and raises the price target from $48 to $62.

Truist Securities Upgrades GXO Logistics to Buy, Raises Price Target to $62

Keybanc analyst Justin Patterson maintains Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Overweight and raises the price target from $640 to $860.

SPOT

Keybanc Maintains Overweight on Spotify Technology, Raises Price Target to $860

Telsey Advisory Group analyst Dana Telsey maintains Ulta Beauty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) with a Outperform and maintains $520 price target.

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