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TM

Toyota Motor Corp (NYSE:TM) is restructuring Daihatsu Motor Co., Ltd's operations to focus on mini vehicles and mobility, dissolving the Emerging-market Compact Car Company. Toyota will now oversee Daihatsu's overseas business from development to certification, with Daihatsu focusing on development. The move aims to prevent procedural irregularities and strengthen the partnership between the two, following a pause in Daihatsu's vehicle shipments due to safety certification issues.

Portfolio Pulse from Shivani Kumaresan

April 08, 2024 | 11:07 am

CEVA

Ceva has introduced the Ceva-Waves Links IP Family, a comprehensive multi-protocol wireless platform designed to enhance connectivity in microcontrollers (MCUs) and system-on-chips (SoCs). This new family includes the Ceva-Waves Links100, an IoT-focused connectivity platform currently being deployed by a leading OEM customer. The platform supports a wide range of protocols such as Wi-Fi, Bluetooth, UWB, Thread, Zigbee, and Matter, aiming to simplify development processes and speed up the time to market for next-generation connectivity-rich MCUs and SoCs.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:06 am

KYMR

Kymera Therapeutics, Inc. (NASDAQ:KYMR) announced new preclinical data on its cancer-fighting drug KT-333 at the AACR Annual Meeting. The data highlights the drug's anti-tumor activity and the company's unique target selection strategy. Additionally, the company's progress on another oncology program, KT-253, was discussed.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:05 am

RDCM

RADCOM has renewed its multi-year collaboration with Rakuten Mobile, continuing to offer its current solutions and expanding to include AI-powered analytics like anomaly detection and automated root cause analysis.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:05 am

EYEN

Eyenovia has begun exploring strategic alternatives to enhance shareholder value, focusing on the development of MicroPine for pediatric progressive myopia, a potential multi-billion dollar product. The company aims to reduce operating expenses while leveraging its two FDA-approved products for value generation.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:02 am

SATS

EchoStar's subsidiary, Hughes Network Systems, has been awarded a production contract by General Atomics Aeronautical Systems, Inc. (GA-ASI) to supply HM400T modems for the MQ-1C Gray Eagle 25M Unmanned Aircraft System's next-generation satellite communications system. These modems will enhance the UAS's endurance and resilience, especially in contested environments, by integrating with the Department of Defense's standard waveform technology and transmission security features.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:01 am

EH

KOMP

EHang Holdings Limited (NASDAQ:EH) shares rose after receiving the Production Certificate for its EH216-S eVTOL aircraft from the Civil Aviation Administration of China, marking a significant step towards mass production and commercial operations. This follows previous achievements including the Type Certificate and Standard Airworthiness Certificate. EHang's progress is seen as pioneering in the UAV sector. Additionally, EHang recently established Japan's first Urban Air Mobility Center. Investors can also gain exposure through the SPDR S&P Kensho New Economies Composite ETF (NYSE:KOMP).

Portfolio Pulse from Lekha Gupta

April 08, 2024 | 10:51 am

BWXT

BWX Technologies, Inc. (BWXT) and Rolls-Royce have been awarded $1.5 million by the UK Space Agency for Phase 2 of the International Bilateral Fund (IBF). This funding supports their collaboration on advancing fission nuclear systems for space power missions, benefiting both the UK and U.S. space nuclear development programs.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 10:47 am

INZY

Inozyme Pharma, Inc. (NASDAQ:INZY) announced positive topline data from ongoing Phase 1/2 clinical trials of INZ-701 for treating ABCC6 Deficiency (PXE) and ENPP1 Deficiency. The data includes safety, pharmacokinetic (PK), pharmacodynamic (PD), and exploratory efficacy results.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 10:31 am

EOG

TTE

TotalEnergies SE (NYSE:TTE) has acquired a 20% stake in the Dorado leases in the Eagle Ford shale gas domain from Lewis Energy Group, increasing its natural gas production capacity in Texas. This acquisition, making TotalEnergies a partner with EOG Resources, Inc. (NYSE:EOG) which holds the remaining 80%, is expected to boost TotalEnergies' net U.S. natural gas production by 50 million cubic feet a day (Mcf/d) in 2024, with potential for an additional 50 Mcf/d by 2028. TotalEnergies, the leading exporter of U.S. LNG in 2023, aims to expand its LNG export capacity to 15 Mt per year by 2030 with the Rio Grande LNG project. However, the company also announced a delay in the final investment decision (FID) for a new LNG project in Papua New Guinea to 2025.

Portfolio Pulse from Lekha Gupta

April 08, 2024 | 10:30 am