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PPG

PPG has extended its partnerships with Indianapolis Motor Speedway, INDYCAR, and Team Penske through 2029. The agreements include entitlement rights to the Brickyard 400 NASCAR CUP series race through 2029.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:56 am

BA

BRO

REKR

SAP

VZ

Key stocks to watch on Monday include Verizon, Boeing, SAP, Rekor Systems, and Brown & Brown. Verizon and Brown & Brown are set to report earnings before the market opens, while SAP will release its earnings after the market closes. Boeing anticipates a 3% rise in airplane deliveries over the next 20 years, and Rekor Systems filed for an offering of up to 4.4 million common shares.

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 6:56 am

TXT

Textron Aviation Inc., a subsidiary of Textron Inc. (NYSE:TXT), has unveiled its new military multi-engine training aircraft at the Farnborough International Airshow. The aircraft, based on the Beechcraft King Air 260, is making its European debut and will be on display from July 22 to July 26.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:55 am

GE

GE Aerospace and the U.S. Department of Energy have expanded their supercomputing partnership to develop open fan engine technology. This new Cooperative Research & Development Agreement leverages GE Aerospace's technology and the DOE's supercomputing capabilities.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:52 am

VLVLY

XPEV

XPENG and Volkswagen Group have signed a master agreement to jointly develop advanced E/E Architecture for the Chinese market. The first vehicle with this architecture will start production in about 24 months, and both companies are exploring further collaboration opportunities.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:47 am

MESO

Mesoblast has started enrolling patients in a Phase 3 trial for its drug candidate Rexlemestrocel-L, aimed at treating chronic low back pain.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:38 am

RTX

RTX's Pratt & Whitney Canada and Collins Aerospace have been chosen by Airbus Helicopters to develop a hybrid-electric propulsion system for the PioneerLab technology demonstrator, aiming for a 30% improvement in fuel efficiency. Test flights are expected to begin in 2027.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:28 am

HIVE

HIVE Digital is set to build a 100 MW data center in Paraguay, aiming to achieve a 12 EH/S hashrate and double its revenue.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:25 am

BA

Boeing projects a need for 44,000 new airplanes by 2043, driven by a 4.7% annual passenger growth rate. The company expects a 3% increase in airplane deliveries over the next 20 years, with emerging markets and single-aisle market demand being key growth drivers.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:22 am

JNJ

Addex's partner Janssen has decided to discontinue the development of ADX71149 for epilepsy treatment after a Phase 2 study failed to meet its primary endpoint. The study showed that ADX71149 did not significantly improve seizure control in patients with focal onset seizures.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:12 am