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SAP

SAP SE announced AI advancements in its supply chain solutions aimed at improving productivity, efficiency, and precision in manufacturing. These AI-driven insights from real-time data will enable companies to make better decisions across supply chains, streamline product development, and enhance manufacturing efficiency.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 7:03 am

UUUU

Energy Fuels (UUUU) has signed a definitive agreement to acquire all issued shares of Base Resources for approximately A$375M, including the Toliara heavy mineral sands project in Madagascar. This acquisition will enable low-cost, U.S.-centered rare earth oxide production through processing at Energy Fuels' White Mesa Mill. The deal also includes Base Resources' experienced mine development and operations team. Energy Fuels is in discussions with U.S. government agencies for support on this critical mineral project, which complements its U.S. uranium production capabilities.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 7:01 am

SLAB

Silicon Labs has introduced the xG22E SoCs, targeting battery-free IoT applications with ultra-low power consumption. This innovation is expected to enhance Silicon Labs' position in the IoT market by offering advanced solutions for energy-efficient devices.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 6:48 am

SDZNY

Sandoz, a division of Novartis, has received European Commission approval for Pyzchiva (ustekinumab), a biosimilar to the reference medicine, marking a significant step in strengthening its immunology portfolio. The approval is based on a comprehensive development program demonstrating Pyzchiva's similarity in safety, efficacy, and quality to the original medication. This approval highlights Sandoz's ongoing commitment to enhancing access to critical treatments in the field of immunology.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 6:45 am

IPSEY

Ipsen and Skyhawk Therapeutics have announced a partnership to develop RNA-based treatments for rare neurological conditions. This collaboration aims to leverage Skyhawk's expertise in RNA splicing to address unmet medical needs in neurology.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 6:41 am

TSLA

Tesla Inc (NASDAQ:TSLA) is ending its current referral program by the end of April, with plans to introduce a new program in a few months, as announced by CEO Elon Musk. The existing referral credits will remain valid, but no new credits will be earned until the launch of the new program. This change comes alongside recent price cuts on Tesla's Model S, X, and Y vehicles in the U.S. by up to 4.5% and the removal of inventory discounts to streamline sales.

Portfolio Pulse from Anan Ashraf

April 22, 2024 | 6:37 am

WKEY

WISeKey International has been selected by the Government of Seychelles to develop 'SeyID', a digital identity platform aimed at supporting eGovernment, eTourism, and eHealth initiatives. This project underscores WISeKey's role as a leader in cybersecurity, digital identity, and IoT innovations.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 6:29 am

RIVN

MEVCO has entered into an exclusive global partnership with Rivian Automotive (RIVN) to supply electric vehicles (EVs) to the mining industry, marking a significant step towards sustainable and efficient mining practices.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 6:26 am

NX

Quanex Building Products has announced its agreement to acquire Tyman for $1.1 billion, aiming to enhance its building products offerings. This acquisition is part of Quanex's 'BIGGER' strategic roadmap, expected to expand its product range with Tyman's complementary portfolio. The deal is anticipated to significantly increase Quanex's scale and global presence, positioning the combined entity for profitable growth and value creation. It is also expected to be materially accretive to EPS in the first fiscal year following the close, with around $30 million in annual run-rate cost synergies.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 6:24 am

BITDIGITAL

CORE

HIVE

HUT

TERAWULF

Bitcoin miners are adopting artificial intelligence (AI) to counter the revenue dip expected from the recent halving event, which reduced the reward for mining new blocks. Companies like Core Scientific are investing in AI and new mining rigs to create alternative revenue streams. The industry anticipates a shift towards AI in locations with secure energy sources, with companies such as BitDigital, Hive, Hut 8, Terawulf, and Core Scientific leading the way. The halving has also led to a decrease in Bitcoin transaction fees to a five-year low, despite reducing miners' revenue by 50%.

Portfolio Pulse from Benzinga Neuro

April 22, 2024 | 4:50 am