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BW

Babcock & Wilcox (NYSE:BW) has secured a contract for engineering and design work on a waste-to-energy plant in Alberta, Canada, focusing on carbon capture technology.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 10:32 am

ABEQ

ACN

IETC

JGRW

KEAT

UL

Accenture and Unilever have expanded their partnership to enhance digital operations using generative AI. This multi-year program aims to set a new industry benchmark for productivity. Unilever will leverage Accenture's GenWizard platform to scale AI applications, which have already shown significant cost savings and efficiency gains. Both companies have seen stock gains over the past year.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2024 | 10:19 am

BMWYY

TM

Toyota and BMW have updated their partnership to focus on hydrogen fuel cell vehicles, signing a new Memorandum of Understanding (MoU) to accelerate the development of zero-emission cars. BMW plans to launch its first hydrogen model in 2028.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 10:07 am

OPT

Opthea Limited (NASDAQ:OPT) has appointed Daniel Geffken as interim CFO, effective September 9, 2024, succeeding Peter Lang. This change is part of Opthea's strategic moves to enhance its expertise and readiness for the Phase 3 data readout of sozinibercept in 2025.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 10:06 am

HOFT

Hooker Furnishings plans to continue investing in expansion strategies to enhance profitability and revenue growth, anticipating a return in demand.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2024 | 10:05 am

KBR

KBR has secured engineering contracts from Seatrium Group to develop topsides for two FPSO units for Petrobras in Brazil, enhancing production and sustainability.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 10:04 am

NIO

NIO's vehicle deliveries in Q2 2024 reached 57,373, marking a 143.9% year-over-year increase and a 90.9% increase from Q1 2024. This includes 32,562 SUVs and 24,811 sedans.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 9:36 am

AI

EAST

MODD

Modular Medical, Inc. (NASDAQ:MODD) shares surged 29.1% in pre-market trading following FDA clearance of its MODD1 insulin pump. Other notable pre-market movers include Eastside Distilling, Inc. (NASDAQ:EAST) with a 177.2% gain due to a merger announcement, and C3.ai, Inc. (NYSE:AI) which fell 18.7% after releasing first-quarter results.

Portfolio Pulse from Avi Kapoor

September 05, 2024 | 9:33 am

NVDA

VLVLY

Volvo Cars has expanded its partnership with Nvidia to enhance AI and autonomous driving capabilities. The new Volvo EX90 will feature Nvidia's DRIVE Orin system, and future models will use DRIVE Thor, significantly boosting performance. Volvo will also use Nvidia's DGX systems for AI model training.

Portfolio Pulse from Benzinga Neuro

September 05, 2024 | 8:33 am

HOOD

Robinhood Markets Inc. has settled for $3.9 million with California's Department of Justice over past restrictions on cryptocurrency withdrawals. The settlement resolves issues related to historical practices and comes as Robinhood aims to expand its cryptocurrency offerings.

Portfolio Pulse from Benzinga Neuro

September 05, 2024 | 8:08 am