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EQNR

ICOW

PWER

Equinor ASA (NYSE:EQNR) shares rose in premarket trading after reporting Q1 FY24 results with adjusted revenue of $24.79 billion, surpassing consensus estimates. The company saw a 2% increase in equity liquids production and a 48% increase in renewable energy production. However, equity gas production slightly fell by 1%, and operating cash flow decreased by 39%. Adjusted EPS was $0.96, beating consensus estimates. Equinor declared a quarterly cash dividend of $0.35 and an extraordinary dividend of the same amount, with a share buyback program valued at up to $1.6 billion for 2024. The company reaffirmed its FY24 outlook, expecting stable production and $13 billion in organic capital expenditures. Equinor's focus on renewable energy growth and exploration success was also highlighted.

Portfolio Pulse from Lekha Gupta

April 25, 2024 | 12:49 pm

LUCY

Innovative Eyewear, Inc. has partnered with New Look Vision Group to offer its Lucyd smart eyewear in Canada. The smart frames are available on NewLook.ca and select stores in Quebec. New Look, a leading eyewear retailer with over 450 stores in the US and Canada, has been recognized as one of Canada's Best Managed Companies. This partnership allows Innovative Eyewear to introduce its products to the Canadian market, leveraging New Look's extensive retail network and award-winning retail experience.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:48 pm

ITI

Carson City, Nevada, has selected Iteris, Inc. (NASDAQ:ITI) to upgrade its intersection detection sensors to the Vantage Apex hybrid sensors, featuring 1080p HD video and 4D radar with AI algorithms for improved safety and mobility. These sensors are part of Iteris' ClearMobility Platform, aiming to enhance traffic management through advanced detection and analytics.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:47 pm

SABR

Sabre Corporation (NASDAQ:SABR), a leading technology provider for the global travel industry, has entered into a multi-year agreement with National Travel, a top U.S. travel management company. This partnership allows National Travel access to Sabre's extensive travel marketplace, aiming to enhance efficiencies, support revenue growth, and improve the traveler experience with advanced solutions like real-time NDC offers, Content Services for Lodging, and Automated Exchanges. Sabre's unique position as a major GDS provider for U.S. government travel and its award-winning service underscore the strategic value of this collaboration.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:47 pm

DRIO

DarioHealth Corp. (NASDAQ:DRIO) announced a new study published in JMIR, showing significant clinical improvements in managing cardiometabolic conditions through its integrated platform. The study, involving 1,932 members, demonstrated a reduction in blood glucose and BMI for those using Dario's digital weight monitoring feature compared to those who did not. This supports the use of Dario's solution for managing diabetes, pre-diabetes, blood pressure, weight, and GLP-1 support in a unified manner, highlighting the benefits of a single, integrated approach to improve clinical outcomes.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:47 pm

HYLN

Hyliion and BayoTech have announced a partnership to develop hydrogen hubs and the KARNO hydrogen generator, aiming to offer sustainable power solutions. This collaboration signifies a strategic move to enhance the infrastructure for hydrogen fuel, potentially increasing the demand for Hyliion's electrified powertrain solutions.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:46 pm

ASML

INTC

SMH

SOXX

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) announced its A16 chip technology, set to begin production in 2026, aiming to outpace Intel in chip speed. This 1.6-nm technology will compete directly with Intel's advancements and is not expected to require ASML's new lithography tools, unlike Intel's plans. TSMC's focus on AI chip manufacturers as initial adopters, along with a new power delivery technology for AI chips, underscores its strategic positioning in the semiconductor industry. The company reported a 16% revenue increase year-on-year and anticipates significant capital expenditures and revenue growth. TSMC's stock has seen a 62% increase over the past 12 months, with exposure available through ETFs like SMH and SOXX.

Portfolio Pulse from Anusuya Lahiri

April 25, 2024 | 12:44 pm

BLCO

Bausch + Lomb Corporation announced significant results from a clinical study of a new daily nutritional supplement, Blink NutriTears, for dry eyes, meeting all primary and key secondary endpoints. The supplement, expected to launch in Q3 2024 in the U.S., showed improvements in tear production and dry eye symptoms. The study highlights the supplement's potential in addressing the growing issue of dry eyes, especially among younger demographics increasingly affected by digital device use.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:43 pm

APLM

Apollomics Inc. announced that its partner Avistone received approval from China's NMPA for vebreltinib as a treatment for gliomas with MET fusion gene. This marks vebreltinib as the first c-Met inhibitor approved for CNS tumors with c-Met alteration. The approval is based on the positive results of the FUGEN study, showing significant improvement in median overall survival for patients with ZM fusion-positive glioma. Apollomics retains rights outside China, with ongoing global studies showing similar promising results.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:42 pm

BYDDF

BYDDY

The Beijing International Automotive Exhibition highlighted the prominence of Chinese EV manufacturers, particularly BYD (OTC:BYDDF) (OTC:BYDDY) and Xiaomi, showcasing the industry's shift towards electric mobility. BYD, backed by Warren Buffett, and Xiaomi, with over 75,000 orders for its SU7 sedan, were central attractions. The event underscored the rapid transformation in China's automotive sector towards NEVs, with foreign automakers also adjusting their strategies to focus more on electric vehicles.

Portfolio Pulse from Anan Ashraf

April 25, 2024 | 12:42 pm