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SYNX

Silynxcom has announced receiving its first order for its innovative in-ear headset system, marking a significant milestone for the company.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 12:35 pm

BLNK

Keystone Purchasing Network has chosen Blink Charging (BLNK) for EV charging services, starting March 1, 2024, with potential extensions for three more years. Blink has installed approximately 2,000 charging stations.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 12:35 pm

BAX

Baxter International Inc. has expanded its pharmaceuticals portfolio by launching five new injectable products in the U.S. These products, which emphasize ready-to-use formulations, aim to enhance patient safety and provide convenience for healthcare professionals. This expansion reinforces Baxter's commitment to offering differentiated products in critical therapeutic areas.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 12:32 pm

ETHUSD

Nick Shalek of Ribbit Capital presented a bullish case for Ethereum at a Sohn Conference Foundation event, emphasizing its potential as a deflationary store of value with dividend payouts. He highlighted Ethereum's role in tokenization, DeFi, and its growing ecosystem, including $88 billion in stablecoins, $13 billion in digital art, and over $100 billion in tokenized collateral. Shalek pointed out Ethereum's unique advantages over Bitcoin, such as its deflationary model and the generation of fees for token distribution to holders.

Portfolio Pulse from Murtuza Merchant

April 11, 2024 | 12:31 pm

AMZN

GOOG

META

MSFT

VCR

XLY

Amazon.com Inc (NASDAQ:AMZN) is discontinuing its Alexa Developer Rewards Program and a support program offering free AWS credits to Alexa developers by end of June, shifting focus towards integrating generative AI into Alexa to maintain its competitive edge. Despite the initial success of Alexa, it struggles to stay relevant against advancements in AI. Amazon, along with Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Microsoft Corp (NASDAQ:MSFT), and Meta Platforms Inc (NASDAQ:META), is focusing on cost-efficiency and operational streamlining, with Amazon stock gaining over 86% in the last 12 months. Exposure to Amazon stock can also be gained through SPDR Select Sector Fund – Consumer Discretionary (NYSE:XLY) and Vanguard Consumer Discretion ETF (NYSE:VCR).

Portfolio Pulse from Anusuya Lahiri

April 11, 2024 | 12:30 pm

IMNN

IMUNON, Inc. (NASDAQ:IMNN) announced it has regained compliance with Nasdaq's Minimum Bid Price Requirement and will maintain its listing on the Nasdaq Capital Market. The company had previously been notified of non-compliance due to its stock price falling below $1.00 for 30 consecutive days but achieved compliance after its stock price remained above $1.00 for 10 consecutive trading days. IMUNON is advancing in its development of immuno-oncology therapies and vaccines, with significant progress in its OVATION 2 Study for advanced ovarian cancer and a Phase 1 study for a COVID-19 booster vaccine.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 12:15 pm

ASPI

ASP Isotopes Inc. (ASPI) reported a $(4.7)M operating free cash flow for 2023, slightly better than the $(5)M target. The company ended the year with $7.9M in cash and recently raised over $25.5M through a convertible note offering and warrant exercises. ASPI highlighted its progress, including the start of its first commercial isotopes plant, contracts for enriched silicon-28 and nuclear fuels, and the construction of a quantum enrichment facility. The company expects to generate revenue from enriched isotopes sales this year and is exploring debt financing options for future projects.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 12:13 pm

NTRA

Natera, Inc. (NASDAQ:NTRA) announced the publication of the ProActive study in Transplantation, showcasing the effectiveness of its Prospera Kidney™ test in detecting kidney transplant rejection early. The study, the largest of its kind with 1,631 patients, demonstrated that the Prospera Kidney test could detect rejection months before traditional methods like biopsies, offering a significant advantage in patient management and outcomes. This reinforces the test's value as a critical tool for monitoring kidney transplant patients.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 12:11 pm

MCHP

Microchip Technology Inc. (NASDAQ:MCHP) has completed the acquisition of VSI Co. Ltd., a Seoul, Korea-based pioneer in automotive networking technologies, to enhance its leadership in the automotive networking market. The acquisition aims to address the growing demand for Advanced Driver Assistance Systems (ADAS) and digital cockpit connectivity, leveraging the Automotive SerDes Alliance (ASA) open standard. The automotive radar, camera, and LiDAR modules market is expected to double in revenue by 2028, driven by the adoption of ADAS and next-generation software-defined vehicles (SDV). VSI's expertise in ASA Motion Link technologies will complement Microchip's automotive networking portfolio, supporting the industry's shift towards Ethernet, PCIe, and ASA Motion Link standards.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 12:09 pm

FCEL

FuelCell Energy, Inc. (NASDAQ:FCEL) will use its carbonate fuel cell technology in a Sacramento Sewer biogeneration project developed by Ameresco to convert biofuel into clean electricity. The project will utilize a 2.8-Megawatt fuel cell platform capable of producing power and heat from biogas, with potential for renewable green hydrogen production. FuelCell Energy will also provide comprehensive maintenance services for the system. This initiative supports community facilities in producing efficient, clean electricity, reducing greenhouse gas emissions, and helping local governments meet sustainability goals.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 12:08 pm