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LDTC

LeddarTech and Immervision have announced a collaboration to expedite the training of perception models for Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD). This partnership aims to enhance the development and efficiency of ADAS and AD technologies.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:34 am

BA

SPR

Spirit Aerosystems has announced it will not provide guidance until there is further clarity on several key issues, including its acquisition discussions with Boeing, the timing of 737 MAX deliveries and production, and its ongoing commercial negotiations with Airbus.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:34 am

ITCI

Intra-cellular Therapies has reaffirmed its full-year 2024 net product sales guidance for Caplyta, projecting revenues between $645 million and $675 million. This reiteration underscores the company's confidence in Caplyta's market performance and future sales prospects.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:33 am

IXHL

Incannex Healthcare has successfully completed a pre-IND meeting with the FDA for CannQuit-O, a treatment for opioid use disorder, signaling a positive step forward in its development and regulatory approval process.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:32 am

BMY

ENOV

GRI

TVGN

The article highlights the top 4 oversold health care stocks, suggesting potential investment opportunities. Tevogen Bio, Enovis Corporation, GRI Bio, and Bristol-Myers Squibb are identified based on their low RSI values, indicating they may be undervalued. Recent company developments and stock performance are discussed for each.

Portfolio Pulse from Avi Kapoor

May 07, 2024 | 11:18 am

NKLA

Nikola Corporation reported the production of 43 trucks in Q1 2024 and successfully shipped 40 of those trucks. This update provides a glimpse into the company's operational progress and its ability to deliver on production targets.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:17 am

GOOG

MSFT

Mustafa Suleyman, co-founder of Google's DeepMind, shared his positive first month experiences at Microsoft, highlighting the company's AI-first approach and supportive culture. His move signifies Microsoft's aggressive push in AI, aiming to outpace competitors like Google. Suleyman's focus on 'Responsible AI' suggests a strategic direction for Microsoft's AI development.

Portfolio Pulse from Benzinga Neuro

May 07, 2024 | 11:11 am

HBIO

Harvard Bioscience projects its 2024 gross margin at around 60% and adjusted EBITDA margin in the mid-teens, with revenues expected to be roughly the same as in 2023. Growth in the second half of 2024 is anticipated, driven by new product launches and improvements in China.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:06 am

DNA

GreenLab has announced a partnership with Ginkgo Bioworks to increase the production of Brazzein, a new sweetener. This collaboration aims to leverage Ginkgo Bioworks' biotechnology expertise to scale up the manufacturing process of Brazzein, which is known for its high sweetness level and low-calorie content, making it a promising alternative to traditional sugar and artificial sweeteners.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:06 am

BA

SpaceX CEO Elon Musk criticized Boeing for the delays in its Starliner spacecraft's first crewed flight, attributing the setback to 'too many non-technical managers' at Boeing. Despite receiving a lower contract value from NASA for ISS transportation, SpaceX has successfully completed multiple missions with its Dragon spacecraft, ahead of Boeing's Starliner. Boeing's Starliner faced another delay due to an issue with the Atlas V rocket, with the launch now rescheduled. Additionally, Boeing's aviation segment is under scrutiny due to safety concerns and whistleblower allegations.

Portfolio Pulse from Anan Ashraf

May 07, 2024 | 11:05 am