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CMI

BAE Systems and Cummins Inc. have announced a collaboration to develop a hybrid electric drivetrain for transit buses, targeting a 2027 launch. This partnership aims to provide transit agencies with a cost-effective, emission-reducing technology. BAE Systems will supply electric drive hardware and engineering support, continuing their long history of developing electric propulsion systems for various vehicles. The collaboration builds on a relationship since 1994, focusing on sustainable transit solutions.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 2:07 pm

EVO

Evotec SE (NASDAQ:EVO) shares hit a 6-year low following a gloomy annual forecast despite a 4% Y/Y revenue increase to 781.4 million euros. The company announced a priority reset aimed at optimizing its business for profitable growth in 2024, including a new reporting structure and an expected annualized EBITDA improvement of over 40 million euros. Revenues from Just–Evotec Biologics surged 111% to 108.4 million euros, but the base business excluding this segment saw a 4% decline, partly due to a severe cyber-attack. The company forecasts double-digit revenue growth and a mid-double-digit percentage EBITDA growth for 2024.

Portfolio Pulse from Vandana Singh

April 24, 2024 | 2:01 pm

DMGGF

PYPL

DMG Blockchain Solutions Inc. collaborates with PayPal and Energy Web to decarbonize the Bitcoin blockchain, aiming to develop carbon neutral transaction methods. This partnership focuses on creating a sustainable crypto ecosystem, with initiatives like the Green Mining Initiative and the introduction of PayPal's PYUSD stablecoin. The collaboration seeks to set new industry standards for environmentally sustainable blockchain applications in financial services.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:24 pm

NCNC

noco-noco Inc. (NASDAQ:NCNC) has signed a Memorandum of Understanding with Binex Inc. Tokyo to develop agriculture-based carbon credits, leveraging sorghum cultivation for biofuel production and soil carbon sequestration. This collaboration aims to support climate action initiatives and aligns with United Nations ESG goals. noco-noco's involvement extends beyond its X-SEPA technology for lithium-ion batteries, indicating a diversification into sustainable agriculture practices.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:20 pm

ADSK

Autodesk, Inc. (NASDAQ:ADSK) and the Nemetschek Group have entered into an interoperability agreement to enhance collaboration and efficiency in the architecture, engineering, construction, operations (AECO), and media and entertainment (M&E) industries. This agreement aims to improve the exchange of information across the companies' cloud and desktop products, leveraging Autodesk Platform Services (APS) for better project outcomes. The partnership emphasizes openBIM standards and will provide mutual access to APIs and industry clouds, facilitating improved data exchanges and new data-centric workflows across various software solutions.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:18 pm

ETWO

E2open has successfully achieved interoperability certification on the Catena-X network, marking a significant milestone for the company in enhancing its capabilities in the automotive supply chain network.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:18 pm

SLAB

Dean Butler will become the CFO of Silicon Laboratories on May 15, 2024, succeeding interim CFO Mark Mauldin. Butler, coming from Synaptics Incorporated, brings experience from senior financial roles at Marvell Technology, Inc. and Broadcom, Inc.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:15 pm

BA

Boeing's CEO announced on CNBC that the company has achieved an 80% reduction in fuselage non-conformance issues, indicating significant improvements in manufacturing quality and compliance.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:13 pm

MDAI

Spectral AI has appointed Erich Spangenberg as the CEO of its IP-focused subsidiary, Spectral IP, and is considering a potential spin-off of this subsidiary. The move aims to enhance the subsidiary's focus on intellectual property and explore strategic options that could benefit Spectral AI's shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:13 pm

BA

Boeing's CEO announced that the 90-day review is progressing positively, according to a statement made on CNBC.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:12 pm