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AAPL

Apple shares are trading higher after a report indicated the company is developing AI chips for data centers.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:52 pm

ETN

Eaton (ETN) is collaborating with Endurant Energy to deploy 10 battery storage projects in New York City, valued at over $7M. These projects, with a combined capacity of over 150 MWh, aim to support clean, reliable power and strengthen the electric grid in the Bronx and Staten Island by providing load relief during peak demand hours and helping the local utility meet growing electricity demands without major substation upgrades. Eaton will contribute its expertise, technologies, and equipment, including switchgear, switchboards, and transformers, to ensure safe grid interconnection.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:51 pm

GWRS

Global Water Resources, Inc. (GWRS) is set to acquire seven water systems from Tucson Water, adding 2,200 customer connections in Pima County. This acquisition, pending approval by the Arizona Corporation Commission, is expected to be completed early next year. It aligns with GWRS's growth strategy and will increase their total customer base in the area to 7,200. The company plans to integrate these systems with its existing utilities, modernize them with advanced metering infrastructure (AMI), and implement best practices for water management.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:51 pm

AENT

Alliance Entertainment Holding Corporation (NASDAQ:AENT) reported a sales increase of over 30% for its Independent Retail Division during the 2024 Record Store Day event compared to the previous year. The event, which celebrates independent record stores, saw Alliance distributing over 600,000 units across 400 unique titles. The success is attributed to the growth of vinyl records, with sales surpassing 43 million units in 2023. Challenges included managing releases from Taylor Swift and Pearl Jam, but the effort led to Alliance's largest sales month ever. AMPED Distribution, a division of Alliance, contributed by releasing 68 unique titles for the event.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:50 pm

NTDOY

Nintendo Co., Ltd. (OTC:NTDOY) announced the launch of a next-gen gaming console to succeed the Switch within the fiscal year ending March 2025. Despite strong sales of the Switch, driven by titles like 'The Legend of Zelda: Tears of the Kingdom,' the company is preparing for a transition with the new console, which aims to address criticisms such as battery life. Nintendo plans to hold back major titles for the new device and has issued a takedown request for over 8,500 copies of the Yuzu emulator code.

Portfolio Pulse from Benzinga Neuro

May 07, 2024 | 12:48 pm

BTDR

Bitdeer Technologies Group (NASDAQ:BTDR) reported a 13.7% increase in Bitcoin mined in April 2024 compared to April 2023, despite a 9.9% decrease from March 2024 due to the Bitcoin halving event. The company's total hash rate and mining machines under management showed growth year-over-year. Bitdeer is advancing in the construction of datacenters in Norway, the United States, and Bhutan, with completion expected by mid-2025. Additionally, the company is progressing with its mining machine project, planning trial production in May and June 2024.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:48 pm

GROM

Grom Social Enterprises Inc. (NASDAQ:GROM), a media, technology, and entertainment company, announced that its subsidiary, Top Draw Animation (TDA), has secured over $2.9M in new animation production assignments, including the largest single order in its 25-year history. These projects, supported by tax incentives from the Philippines, underscore TDA's role as a leading provider of premium animation services globally. Acquired by Grom in 2016, TDA offers high-capacity Harmony and Flash production pipelines and benefits from up to a 25% cash rebate for approved work in the Philippines.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:46 pm

OSIS

OSI Systems, Inc. (OSIS) announced a $6 million order from an advanced engineered solutions OEM for its Optoelectronics and Manufacturing division to provide electronic assemblies. CEO Deepak Chopra expressed commitment to supporting the OEM and anticipation for continued collaboration.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:45 pm

ICCM

An independent study in Japan showed 0% breast cancer local recurrence 5 years after treatment with IceCure's ProSense, demonstrating its potential as a standard treatment for early-stage breast cancer. The study, published in Breast Cancer journal, highlighted excellent cosmetic outcomes, high patient satisfaction, and improved quality of life post-cryoablation. IceCure's distribution partner in Japan, Terumo Corporation, plans to submit a regulatory clearance application for ProSense in H2 2024. IceCure expects to receive a total of $13.2 million from Terumo for exclusive distribution rights in Japan.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:45 pm

BIOX

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) announced the approval of three new bio-insecticidal/bio-nematicidal solutions by Brazil's Ministry of Agriculture and Livestock. These solutions, derived from inactivated cells of the company's proprietary Burkholderia platform, mark a significant regulatory milestone in Brazil, the world's leading bio-control market. This approval enables the commercialization of these products in Brazil, potentially opening the door for future product launches. Bioceres' bio-control solutions are commercialized under the Rizobacter brand and other third-party brands in Brazil. The company's CEO, Federico Trucco, highlighted the approval as a key milestone for growth in Brazil and noted the global relevance of this market to the company.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:43 pm