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CWD

Caliber (NASDAQ:CWD), a real estate investor, developer, and manager, announced the sale of a 50-acre parcel in Johnstown, Colorado, to the Archdiocese of Denver for $7.7 million. The land, part of a larger 190-acre purchase in June 2021, is intended for a new Catholic high school. This sale is part of Caliber's Johnstown Development, a 750-acre master-planned project. The development is expected to include multifamily, retail, and industrial spaces, aiming to boost the Northern Colorado area's growth and investment.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:41 pm

BLDP

Ballard Power Systems anticipates its 2024 revenue to be heavily weighted towards the second half of the year, mirroring its 2023 pattern, with about 30% expected in the first half and 70% in the latter half. The company has not provided specific revenue or net income guidance for 2024 due to the nascent stage of the hydrogen fuel cell market. Ballard's projected total operating expenses for 2024 are between $145 million and $165 million, with capital expenditures estimated to be between $50 million and $70 million.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:40 pm

NBIX

Neurocrine Biosciences, Inc. (NASDAQ:NBIX) announced its participation in the European Congress of Endocrinology 2024, where it will present data from its CAHtalyst Program on crinecerfont for CAH and studies on modified-release hydrocortisone for primary adrenal insufficiency and CAH. The presentations will include baseline characteristics from Phase 3 studies, Phase 2 CHAMPAIN study results, and a Phase 3 extension study on the efficacy, safety, and tolerability of modified-release hydrocortisones.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:38 pm

DTIL

Precision BioSciences, Inc. (NASDAQ:DTIL) announced its partner iECURE received FDA Fast Track designation for ECUR-506, a gene insertion program for treating neonatal onset Ornithine Transcarbamylase (OTC) deficiency. This designation, which aims to expedite the development and review of treatments for serious conditions, highlights the potential of Precision's ARCUS platform. ECUR-506, utilizing a PCSK9-specific ARCUS nuclease licensed from Precision, has also received Rare Pediatric Disease and Orphan Drug designations from the FDA, and Orphan designation from the European Commission. The OTC-HOPE study, a Phase 1/2 trial, is currently enrolling in the UK, with sites in the US and Australia activating later this year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:37 pm

STI

Solidion Technology, Inc. (NASDAQ:STI) introduced its BEEP technology for solid-state batteries, aiming to revolutionize the electric vehicle (EV) industry by solving major design and manufacturing challenges. The BEEP platform enables the production of high-voltage, high-capacity battery packs with reduced weight, volume, and cost by simplifying the battery's structure. This technology is expected to facilitate the commercialization of solid-state batteries, offering advantages such as safety, fast charging, and extended range. Solidion's parent company, Global Graphene Group, has been recognized for its leading position in solid-state battery IP.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:33 pm

SIDU

Sidus Space announced its role as a teammate on the NASA Lunar Terrain Vehicle Services contract, marking a significant milestone for the company in its involvement with space exploration and services.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:31 pm

PRST

Presto Automation Inc. (NASDAQ:PRST) announced the launch of Presto Voice with Pure AI, a new Voice AI technology for restaurants that enhances automated drive-thru ordering by eliminating the need for human intervention early in the order process. This technology aims to streamline operations, improve customer experience, and accelerate AI training by allowing more complete AI sessions. Presto is currently testing this technology live and plans to expand it to more locations upon successful testing.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:31 pm

EIPX

KEAT

SNPMF

TTE

TotalEnergies SE (NYSE:TTE) and China Petroleum and Chemical Corporation (SINOPEC) (OTC:SNPMF) have signed a strategic cooperation agreement to expand their collaboration in low-carbon energies, including the development of a sustainable aviation fuel (SAF) production unit in China. This partnership aims to address the global demand for energy while building a decarbonized energy system for the future.

Portfolio Pulse from Lekha Gupta

May 07, 2024 | 12:26 pm

MYNA

RKLB

Mynaric has been chosen by Rocket Lab to provide optical terminals for the Space Development Agency's Tranche 2 Transport Layer - Beta Program, with the order valued at approximately $15M.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:25 pm

NBY

NovaBay Pharmaceuticals, Inc. (NYSE:NBY) reports a record increase in ordered product sales of Avenova-branded products on Amazon.com for April 2024, with a more than 20% increase compared to April 2023. This marks consecutive record sales months for the company, attributed to its focused eyecare product line and enhanced marketing efforts. The U.S. dry eye disease treatment market, where Avenova is positioned, is projected to reach nearly $5 billion by 2030.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:19 pm