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MMSI

Merit Medical Systems, Inc. (MMSI) has launched a new product, the basixSKY Inflation Device, which is expected to enhance their product portfolio and potentially drive revenue growth.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:30 pm

RVSN

Rail Vision Ltd. (NASDAQ:RVSN) has received a notice of allowance from the U.S. Patent and Trademark Office for its AI-powered railway obstacle detection system. This system uses advanced electro-optical imaging and AI-driven image processing to enhance railway safety by reducing collision risks.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:25 pm

NCI

Neo-Concept International (NCI) has signed a Memorandum of Understanding (MoU) with Liwa Trading Enterprises to establish a joint venture in the UAE. This partnership aims to leverage both companies' strengths to expand the reach of apparel products and services in the UAE and the Gulf Cooperation Council region.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:25 pm

BABA

BIDU

MSFT

ONLN

PGJ

TCEHY

Alibaba has significantly reduced prices on its AI services, sparking a price war in China's AI sector. Competitors like Baidu and ByteDance have responded with their own aggressive pricing strategies. This move is part of a broader trend of heavy investment in AI by Chinese tech giants, including Tencent and JD.com. Alibaba's stock has seen a slight gain over the past year but is currently trading lower in premarket. The company has also canceled plans to spin off its cloud segment and is focusing on expanding its public cloud services.

Portfolio Pulse from Shivani Kumaresan

May 21, 2024 | 1:24 pm

YYGH

YY Group has announced its entry into the Australian hospitality and hotel industry, marking a significant expansion for the company.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:22 pm

NVDA

NVIDIA shares are trading lower following a report suggesting Amazon halted orders of the company's Superchip to await updated models.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:22 pm

DGII

SmartSense has expanded its milestones by partnering with Jerry's Foods, Knowlan's Fresh Foods, and Giant Eagle to streamline compliance efforts and temperature monitoring for grocers nationwide.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:22 pm

CING

The FDA has cleared Cingulate to file for marketing approval of CTx-1301, a treatment for ADHD. Phase 3 data collected so far is sufficient for a New Drug Application. CTx-1301 could benefit over 60% of ADHD patients currently using immediate-release booster doses. Cingulate is advancing discussions with commercialization partners and is ready to engage with payers for reimbursement and market access.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:21 pm

ASML

BABA

BIDU

NVDA

TSM

ASML and Taiwan Semiconductor Manufacturing Co (TSMC) have the capability to remotely shut down their advanced chipmaking machines in the event of a China-Taiwan conflict. This measure is part of broader discussions involving U.S., Dutch, and Taiwanese authorities about the potential consequences of Chinese aggression towards Taiwan. ASML's EUV machines, crucial for advanced microchip production, are tightly regulated and restricted from being sold to China. The news has led to a 1.21% drop in ASML's share price.

Portfolio Pulse from Anusuya Lahiri

May 21, 2024 | 1:19 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares surged after AiLO Logistics placed a 100-truck order for Nikola hydrogen fuel cell electric vehicles. This follows an initial order of 50 trucks, with deliveries starting in 2024. The new order is scheduled for delivery in 2025. Additionally, Nikola opened a new high-pressure modular refueling station in Southern California.

Portfolio Pulse from Nabaparna Bhattacharya

May 21, 2024 | 1:18 pm