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SPWR

RIC Borrower 2022-1, a subsidiary of SunPower Corporation, breached a loan covenant by not providing unaudited financial statements on time, which could lead to an immediate acceleration of its ~$65.3M debt, according to an SEC filing.

Portfolio Pulse from Happy Mohamed

December 18, 2023 | 2:01 pm

BCAN

BYND Cannasoft Enterprises Inc. (NASDAQ:BCAN) has reached a significant milestone in its intellectual property strategy by filing a national phase application for its EZ-G Device in the U.S. and 11 additional jurisdictions. The application was filed under the Patent Prosecution Highway, which allows for accelerated processing. The company has also filed two provisional patent applications in the U.S. and two design applications in China. CEO Yftah Ben Yaackov believes this expansion in IP strategy will significantly increase shareholder value.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 1:38 pm

AAPL

GOOG

GOOGL

Sergey Brin's negotiation strategy in 2007 was pivotal in maintaining Google as the default search engine on Apple devices. Newly revealed emails show Brin's insistence on holding firm against Apple's demands during negotiations. This decision has had long-term implications, as Google continues to pay billions to Apple to retain its default search engine status, with a reported $19 billion paid in 2021. The partnership has been lucrative for both companies, with Google accessing valuable users and Apple earning billions without additional effort.

Portfolio Pulse from Rounak Jain

December 18, 2023 | 1:18 pm

MSS

Maison Solutions Inc. (NASDAQ:MSS) has responded to a short attack on its stock, which occurred on December 15, 2023, following a negative report by Hindenburg Research. The company claims the report contained inaccurate and misleading statements designed to benefit short sellers by causing a decline in stock price. Maison Solutions intends to take appropriate steps to protect its stakeholders and continue building the company.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 1:16 pm

WLDS

Wearable Devices (WLDS) has filed a U.S. patent application for a touchless pinch-to-zoom technology designed for augmented reality (AR) and virtual reality (VR) wearables. This move could potentially enhance the company's intellectual property portfolio and offer a competitive edge in the AR/VR market.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 1:04 pm

TSLA

The weekend's top stories included a public opinion poll showing dissatisfaction with both Joe Biden and Donald Trump, Elon Musk's reaction to the sentencing of ex-FBI official Charles McGonigal, debunked claims about Trump and a lemonade incident, a rally in Tesla Inc. (NASDAQ:TSLA) stock that rendered Senator Tommy Tuberville's put options worthless, and a prediction of a potential breakout for the cryptocurrency Shiba Inu.

Portfolio Pulse from Benzinga Neuro

December 18, 2023 | 1:03 pm

PCT

PureCycle Technologies reported mechanical issues at its Ironton, Ohio purification facility, which had restarted after a November outage. The facility was shut down safely with no further damage, and maintenance is in progress. The company will use a 90-day cure period as it will not meet the December 31, 2023, operational milestone for its Ironton bonds.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 12:54 pm

CKPT

The FDA issued a Complete Response Letter (CRL) to Checkpoint Therapeutics for their Cosibelimab application for treating metastatic or locally advanced cutaneous squamous cell carcinoma. The CRL relates to issues found during an inspection of a third-party contract manufacturing organization used by Checkpoint.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 12:03 pm

CC

Chemours has announced that law enforcement agencies in Northern China have shut down a local chemical plant that was manufacturing counterfeit Viton FreeFlow fluoroelastomer, a product that was falsely using Chemours' trademarks. This action protects Chemours' intellectual property and may positively impact the company's market share and brand integrity for this product.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 11:53 am

ORLA

The Panamanian Ministry of Commerce and Industry has denied extension requests for three mining concessions that make up Orla Mining's Cerro Quema Project. The concessions have been canceled, and the area is now designated as a reserve area.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 11:08 am