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Corporate Responsibility

CLIR

ClearSign Technologies Corporation (NASDAQ:CLIR) has been awarded a Phase 2 government grant of $1.65 million by the Department of Energy (DOE) through the Small Business Innovative Research (SBIR) program. The grant will be used to commercialize a flexible hydrogen-fueled ultra-low NOx process burner. This follows the successful development of a ClearSign Core™ Ultra Low NOx burner fueled with 100% hydrogen, funded by a Phase I grant. The project aims to develop ultra-low NOx hydrogen burner technology, which could enable the adoption of hydrogen fuel for industrial heating and reduce industrial emissions.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 12:31 pm

F

Ford Pro, the commercial division of Ford Motor Company, has announced new charging hardware for its suite of end-to-end solutions to facilitate the transition of commercial fleets to electric. The new Series 2 AC Charging Station 80 amp and expanded DC Fast Charger options are designed for commercial vehicle use. The company also offers a fully integrated solution that simplifies EV charging for both Ford and non-Ford electric vehicles. Ford Pro's BEV Fit team offers complimentary consulting to customers to help identify available incentives, consult on charging site design and construction, and collaborate with local utilities on energy needs.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 12:28 pm

X

U.S. Steel Corp has announced that its board of directors and management team are confident in the current strategy. However, they are taking proposals seriously and have begun sharing due diligence information under confidentiality agreements.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 12:19 pm

AZN

CTLT

DHR

JNJ

MRNA

NVO

Catalent Inc has finalized a deal with Elliott Investment Management, appointing four new independent directors to its board and establishing a Strategic and Operational Review Committee. The company reported Q4 adjusted EPS of $0.09, missing the consensus of $0.10, with sales of $1.07 billion, down 17% Y/Y. Catalent forecasts FY24 sales of $4.30 billion-$4.50 billion. The company has faced acquisition interest from multiple entities and has been navigating through multiple challenges recently.

Portfolio Pulse from Vandana Singh

August 29, 2023 | 12:17 pm

GOOG

HCA

HCA Healthcare (HCA) and Google Cloud are collaborating to use generative AI technology to improve healthcare workflows and reduce administrative burden. The partnership, announced in 2021, includes safeguards for patient privacy and data security. As part of a pilot program, 75 emergency room physicians at four HCA hospitals have started using Google's AI technology for medical documentation. The technology is part of a collaboration among HCA, Google Cloud, and Augmedix, a healthcare technology company. HCA plans to expand its use to more hospitals later this year.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 12:12 pm

AMZN

WMT

Amazon has raised its free shipping minimum to $35 for non-Prime customers in some regions, up from $25. This move comes after Amazon cut 27,000 jobs and started charging delivery fees for Fresh grocery orders under $150. The company is also leveraging AI to speed up deliveries and is working on several initiatives, including designing custom microchips for AWS' generative AI training, logistics and delivery mechanism restructuring, and a grocery business overhaul.

Portfolio Pulse from Anusuya Lahiri

August 29, 2023 | 11:21 am

CTLT

Catalent Inc. has appointed John Greisch as its Executive Chair and entered into a cooperation agreement with Elliott Investment Management L.P. The details of the cooperation agreement were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 11:16 am

APLS

Apellis Pharmaceuticals, Inc. (NASDAQ:APLS) announced a corporate restructuring to drive growth of SYFOVRE and EMPAVELI, which is expected to result in up to $300 million in total cost savings through 2024. The restructuring includes a 25% reduction in the current workforce.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 11:00 am

HTZ

TSLA

Tesla CEO Elon Musk has responded to a customer complaint about missing chargers in Tesla vehicles rented from Hertz. The customer had to purchase chargers and adapters from Amazon after renting two Model 3 vehicles that came without mobile charging cables. Musk has promised to look into the issue. Hertz CEO Stephen Scherr revealed that EVs make up 11-12% of Hertz's fleet, the majority of which are Teslas.

Portfolio Pulse from Anan Ashraf

August 29, 2023 | 10:31 am

TSLA

Tesla Inc is offering free supercharging to all EVs in Europe to commemorate the 10th anniversary of the first six supercharger stations opening in Norway. About 70% of Tesla’s supercharger network in Europe is open to all EVs. Several American and European automakers, including Ford Motor Co, General Motors, Mercedes Benz Group, have announced a collaboration with Tesla to integrate its charging standard and gain access to Tesla’s charging network.

Portfolio Pulse from Anan Ashraf

August 29, 2023 | 9:47 am