Streetbeat News

Corporate Responsibility

C

COST

NXPI

SMH

On CNBC's 'Halftime Report Final Trades,' analysts recommended NXP Semiconductors (NXPI), Costco (COST), VanEck Semiconductor ETF (SMH), and Citigroup (C). NXP received upgrades from Wolfe Research and Barclays with new price targets. Costco is trialing a new scanning system to prevent unauthorized access. VanEck Semiconductor ETF remains a pick for Anastasia Amoroso. Citigroup is undergoing a leadership overhaul and reported mixed Q4 FY23 results. The stocks showed varied price actions in the last session.

Portfolio Pulse from Avi Kapoor

January 23, 2024 | 1:20 pm

BAH

Booz Allen Hamilton, through its venture capital arm Booz Allen Ventures, LLC, has invested in Albedo to develop a Very Low Earth Orbit (VLEO) satellite constellation. This investment aims to enhance satellite imagery services for national security, commercial, and climate needs. Albedo's VLEO satellites will provide ultra-high resolution imagery, combining optical and infrared sensors. The investment aligns with Booz Allen's focus on dual-use commercial technology solutions and expands its space capabilities. Booz Allen has a history of delivering space solutions to various government agencies and has made several strategic investments in dual-use commercial technologies since 2022.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:16 pm

BNGO

Bionano Genomics, Inc. (NASDAQ:BNGO) has announced the full commercial release of the Stratys system for high throughput optical genome mapping (OGM). The Stratys system offers up to four times the data generation rate of the Saphyr instrument and supports up to 12 single access chips. It is powered by Stratys Compute, developed with NVIDIA. The system has been adopted by 10 users across Canada, the US, Europe, and Saudi Arabia, with 11 systems in use. The Stratys system is designed for increased flexibility and throughput, compatible with G2 chemistries, and has a potential 3-day sample-to-answer time for hematological samples. It is expected to transform lab approaches to genome analysis and has seen orders exceeding the initial offering during its early access program.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:13 pm

GTEC

Greenland Technologies Holding Corporation (NASDAQ:GTEC) announced that Amerit Fleet Solutions has joined its HEVI Authorized Service Provider network to support the HEVI electric industrial vehicle product line. Amerit, with over 1,800 service locations and 2,200 technicians, will provide maintenance and repairs across the U.S., enhancing Greenland's service quality and customer confidence. The partnership aims to strengthen Greenland's market presence and competitive edge in the electric industrial vehicle sector.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:12 pm

PETV

PetVivo Holdings Inc. has received a Notice of Allowance from the U.S. Patent and Trademark Office for a patent titled 'Protein Biomaterials And Biocoacervates And Methods Of Making And Using Thereof'. This notice is a significant step towards the granting of the patent, which can enhance the company's intellectual property portfolio and potentially provide a competitive edge in the market.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:07 pm

TM

Toyota Motor Corp. Chairman Akio Toyoda predicts that battery electric vehicles (EVs) will only achieve a maximum of 30% market share globally, with the rest being taken by hybrids, hydrogen fuel cell vehicles, and conventional fuel cars. Toyoda emphasized the need to reduce CO2 emissions and expressed concerns about limiting transportation for those without electricity. He defended Toyota's diversified approach to vehicle technology in response to criticism over the company's pace in adopting EVs.

Portfolio Pulse from Anan Ashraf

January 23, 2024 | 12:54 pm

POAHY

Porsche Automobil Holding SE (OTC:POAHY) has teased its upcoming electric Macan, which will be fully revealed in Singapore. The EV maintains Porsche's design ethos while offering a 100 kWh battery, fast charging up to 270 kW, and a range of over 500 km. This model is a key part of Porsche's electrification strategy, complementing the Taycan and marking a significant step in the company's sustainable mobility efforts.

Portfolio Pulse from Anan Ashraf

January 23, 2024 | 12:49 pm

LNTH

Lantheus Holdings, Inc. has announced a planned CEO transition, with Brian Markison, the current Board Chair, set to become CEO on March 1, 2024, succeeding Mary Anne Heino who will retire and become Chair of the Board of Directors. This change is part of a deliberate CEO succession process.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 12:47 pm

UNCY

Unicycive Therapeutics has released a shareholder letter outlining its corporate progress and upcoming milestones. The company anticipates topline data from its Oxylanthanum Carbonate (OLC) pivotal trial in Q2 2024, which is a significant future event for the company and its stakeholders.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 12:08 pm

TKO

TKO Group has announced the expansion of its board from 11 to 13 members with the addition of Brad Keywell and Dwayne Johnson as directors. The company believes that these appointments will bring valuable insights and contribute positively to the board's dynamics.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:37 am