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ENVX

Enovix Corp (NASDAQ:ENVX) shares surged after announcing significant progress at its Fab2 manufacturing facility, including completing Factory Acceptance Testing for its Gen2 Agility Line. This development puts Enovix on track for initial sample production of silicon battery cells in Q2. The company's unique manufacturing process enables the use of a 100% active silicon anode, promising higher energy density for batteries. Enovix is also expected to report its Q1 financial results soon, with analysts predicting an earnings loss of 29 cents per share on revenue of $3.877 million.

Portfolio Pulse from Adam Eckert

April 16, 2024 | 1:31 pm

BCO

Green Check, a fintech leader in the cannabis market, has partnered with Payment Alliance International (PAI), powered by Brinks (NYSE:BCO), to provide integrated ATM solutions for cannabis operators. Announced at the Benzinga Cannabis Capital Conference, this collaboration aims to enhance revenue protection and compliance for cannabis businesses, addressing the high demand for financial services in the cash-dominant cannabis industry.

Portfolio Pulse from Patricio Liddle

April 16, 2024 | 1:30 pm

DRIV

ICLN

IDRV

KARS

SOXX

TAN

Michael Sayers, CFA at Rockland Trust, predicts double-digit growth in infrastructure and technology sectors due to the CHIPS Act, IRA Act, and Infrastructure Act, allocating approximately $1 trillion over the next decade. Sayers highlights significant investment opportunities in semiconductor, clean energy, and electric vehicle sectors, benefiting ETFs like SOXX, ICLN, TAN, DRIV, IDRV, KARS, and the Russell Global Infrastructure Fund (RGISX). Additionally, infrastructure and manufacturing ETFs such as PAVE, IGF, IFRA, XLI, and ITA are poised for growth, offering investors diversified exposure to these expanding sectors.

Portfolio Pulse from Surbhi Jain

April 16, 2024 | 1:25 pm

FLGC

Flora Growth (FLGC) has announced a definitive agreement to acquire TruHC for 2,770,562 of its common shares, valued at $6.4M. This acquisition leverages TruHC's German cannabis platform, enhancing Flora's global distribution network with TruHC's expertise in the cannabis sector. The deal is strategic ahead of Germany's expected growth to become the world's largest federally legal cannabis market, potentially surpassing $10 billion in market potential.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:24 pm

MSOS

At the Benzinga's Cannabis Capital Conference, Glass House Group CEO Kyle Kazan emphasized the company's mission to deliver low-cost cannabis to consumers, highlighting their focus on affordability in the cannabis market.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:23 pm

NVDA

TOON

Kartoon Studios announced that its AI toolkit developed on NVIDIA Omniverse will revolutionize its animation production and distribution, aiming to save 75% of production costs and significantly increase speed-to-market efficiencies.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:20 pm

ACES

DAL

JOBY

QCLN

Joby Aviation, Inc. (NYSE:JOBY) is planning to launch flying taxis by 2025 with support from Toyota Motor Corporation (NYSE:TM) and Delta Air Lines, Inc. (NYSE:DAL), aiming to offer commutes from downtown Manhattan to JFK Airport in under seven minutes. The company's eVTOLs are backed by $400 million from Toyota and $60 million from Delta. The FAA suggests a competitive air taxi market might be more realistic by 2028. Joby's stock is trading lower in the premarket session, and investors can also gain exposure through ALPS Clean Energy ETF (NYSE:ACES) and First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN).

Portfolio Pulse from Nabaparna Bhattacharya

April 16, 2024 | 1:19 pm

MYGN

Myriad Genetics has published a new study showcasing the positive predictive value (PPV) of its Prequel Prenatal Screen for 22q11.2 microdeletion, a genetic disorder. This development could enhance the company's reputation in genetic testing and potentially increase demand for the Prequel Prenatal Screen.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:19 pm

PTPI

Petros Pharmaceuticals, Inc. (NASDAQ:PTPI) received positive feedback from the FDA on its technology component for STENDRA's self-selection, aiming for OTC status. This feedback is a crucial step towards making STENDRA the first erectile dysfunction drug available OTC. The FDA's informal review acknowledged the technology's potential to address concerns related to the PDE5 inhibitor class, especially for nitrate-using patients. Petros plans to submit its pivotal two-arm Self-Selection study in 2H 2024, with further guidance on an upcoming Application Comprehension Study.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:18 pm

CORZ

Core Scientific, Inc. (NASDAQ:CORZ) announced a 72-megawatt expansion of its Denton, Texas bitcoin mining data center, increasing its total operational infrastructure to 197 MW and company-owned infrastructure to 817 MW. The expansion, expected to complete by Q2 2024, emphasizes the strategic advantage of owning infrastructure and access to power. This move is part of a broader plan to complete 372 MW of partially built infrastructure in Texas, aiming to add over 20 exahash of mining hash rate at a cost significantly lower than new construction. The company's data centers are also positioned to host alternative forms of compute, offering financial benefits to high-performance computing hosting clients.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:17 pm