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ENVX

Enovix Corporation (NASDAQ:ENVX) has signed an agreement with a leading California-based technology company to supply silicon batteries for mixed reality headsets. The deal includes an immediate one-time payment for tooling and subsequent payments for sample and production quantities. Enovix's high energy density batteries are designed to support the continuous use required by mixed reality devices. The global market for VR and AR headsets is expected to grow significantly, enhancing the potential impact of this agreement.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:32 am

RIVN

Rivian Automotive (NASDAQ:RIVN) is recalling 666 R1 vehicles from model years 2022 and 2023 due to incorrect weight capacity labeling on tires. The company will send corrected labels to vehicle owners and is not aware of any accidents or injuries related to the issue. Rivian recently unveiled its second-generation R1 vehicles and aims to start production of a cheaper R2 model in 2026.

Portfolio Pulse from Anan Ashraf

June 25, 2024 | 11:27 am

OI

O-I Glass, Inc. plans to implement an 8MW battery storage solution at its Alloa, UK facility in collaboration with GridBeyond. The system will use AI to enhance energy efficiency, resilience, and sustainability.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:25 am

DOGEUSD

SHIBUSD

Pseudonymous trader Dark Crypto Lord discusses the challenging conditions in the current cryptocurrency market, highlighting the shift from long-term investments to speculative meme coins. He criticizes the tokenomics of new projects and the impact of venture capitalists dumping tokens. The FTX collapse has left a lasting negative impact, and the market now requires significant positive events to restore confidence.

Portfolio Pulse from Khyathi Dalal

June 25, 2024 | 11:18 am

AAPL

Apple Inc. (NASDAQ:AAPL) is facing challenges in its plan to reduce its iPhone assembly workforce by up to 50% due to precision issues with robots. The move towards automation is influenced by past supply chain disruptions and labor issues, but it requires significant investment in machinery.

Portfolio Pulse from Rounak Jain

June 25, 2024 | 11:18 am

GFAI

Guardforce AI has secured a 5-year contract to operate a Consolidated Cash Center (CCC) in Chiangmai, Thailand, starting by year-end. This contract enhances their service capabilities and AI solutions for retail clients. With this addition, Guardforce AI will manage five CCCs, covering 44 out of 77 provinces and approximately 1,900 ATMs, making them the largest CCC operator for the Bank of Thailand (BOT).

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:17 am

GRAL

ILMN

Illumina Inc. (NASDAQ:ILMN) announced the spin-off of Grail Inc. (NASDAQ:GRAL), a cancer blood test developer, which will start trading independently on NASDAQ. Illumina shareholders will receive one share of GRAL for every six shares of ILMN. Illumina will retain a 14.5% stake in Grail. The spin-off follows regulatory challenges and a significant fine from the European Commission. Grail's CEO highlighted the potential of their cancer blood test, Galleri, which is undergoing clinical trials to support FDA approval by 2026.

Portfolio Pulse from Vandana Singh

June 25, 2024 | 11:17 am

IPA

ImmunoPrecise Antibodies' subsidiary, BioStrand, is collaborating with PGxAI to develop an AI model for pharmacogenomics recommendations using LENSai technology.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:14 am

AUR

UBER

Aurora and Uber Freight are collaborating to democratize driverless trucks for carriers of all sizes. This initiative is part of their ongoing partnership to integrate and deploy autonomous trucks on the Uber Freight network.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:13 am

HOWL

Werewolf Therapeutics announced initial results from its Phase 1 trial of WTX-330 as a monotherapy for immunotherapy-insensitive or resistant locally advanced or metastatic solid tumors or non-Hodgkin lymphoma. Additional results are expected in Q4 of 2024.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:12 am