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RTX

Raytheon's RTX business has been awarded a $478 million contract by the NATO Support and Procurement Agency to supply additional GEM-T missiles to Germany. This contract aims to replenish the Patriot missiles that Germany donated to Ukraine, with financial support from Denmark, the Netherlands, and Norway.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:31 pm

DTSS

Datasea's subsidiary has been selected by China Mobile Internet as a prospective partner, highlighting its achievements in 5G-AI communications. This positions Datasea for future project cooperation contracts.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:31 pm

IBRX

ImmunityBio, Inc. (IBRX) has announced the initiation of the QUILT 502 trial to study the combination of ANKTIVA and the AdHER2DC vaccine for treating HER2-positive endometrial cancer. The trial will also include pembrolizumab and lenvatinib, and aims to evaluate the safety and preliminary efficacy of this combination therapy. The study is expected to be completed in 2026.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:30 pm

NVDA

SOXX

TDIV

TSM

Nvidia and Taiwan Semiconductor Manufacturing Co. are facing production issues with Nvidia's next-gen AI chips, potentially delaying shipments. Despite concerns, Morgan Stanley named Taiwan Semiconductor a 'top pick' after a recent selloff. Taiwan Semiconductor stock has gained 54% in the last 12 months. Investors can gain exposure through iShares Semiconductor ETF and First Trust NASDAQ Technology Dividend Index Fund.

Portfolio Pulse from Anusuya Lahiri

August 06, 2024 | 1:30 pm

PYPL

PayPal Holdings, Inc. (NASDAQ:PYPL) has announced the availability of Fastlane for U.S. businesses of all sizes. This new feature aims to enhance the guest checkout experience, potentially increasing sales and customer loyalty, especially ahead of the holiday shopping season.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:28 pm

ABT

CVKD

Cadrenal Therapeutics (NASDAQ:CVKD) and Abbott (NYSE:ABT) are collaborating on a pivotal study of tecarfarin, a novel anticoagulant, for patients with recently implanted LVADs. Tecarfarin aims to prevent heart attacks, strokes, and deaths due to blood clots in these patients.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:27 pm

CART

WBA

Walgreens and Instacart have announced that they will now accept SNAP/EBT payments nationwide at over 7,500 Walgreens stores, including 100+ Duane Reade locations, for same-day delivery of SNAP-eligible products.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:26 pm

INVZ

Innoviz Technologies (NASDAQ: INVZ) has entered into a distribution agreement with The Indoor Lab to deploy its InnovizTwo LiDARs across major U.S. airports, including Denver, Tampa, and Nashville International Airports. This collaboration aims to enhance safety and efficiency for travelers.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:25 pm

MULN

Mullen Automotive shares are trading higher after the company announced it achieved all federal and state regulatory requirements for Class 1 and Class 3 commercial vehicles. Additionally, Mullen is actively manufacturing and selling these vehicles across the US.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:21 pm

WIMI

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) has announced a blockchain-based trusted collaborative learning (TrusCL) framework for IoT, which aims to address privacy and computational needs in AIoT environments. The framework incorporates Homomorphic Encryption and Differential Privacy techniques for enhanced data protection.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:19 pm