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WLDS

Wearable Devices Ltd. (NASDAQ:WLDS) has signed a reseller agreement with WisePlus to expand its licensing program in South Korea and China. This partnership allows WisePlus to resell Wearable Devices' Mudra Developer Kit (MDK), enhancing touchless sensing wearables' development and integration. The collaboration aims to leverage WisePlus' regional expertise, offering local support and customization for enterprises. The MDK, designed for OEMs and developers, supports creating custom gestures for various applications, promising innovation in the XR market and beyond.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:50 pm

CLSK

CleanSpark Inc (NASDAQ:CLSK) reported a 24% increase in bitcoin mined in March, totaling 806, and now holds 5,021 bitcoins. The company sold 3.37 bitcoins at an average price of $58,800 each. Construction of its Dalton acquisition is nearly complete, with 15 megawatts of power expected to be activated soon, potentially increasing its operating hashrate to over 17 EH/s. CEO Zach Bradford stated the company is fully funded for its S21 miner payments and is prepared for aggressive acquisitions post-bitcoin halving. CleanSpark shares were down 9.34% at $19.20.

Portfolio Pulse from Adam Eckert

April 01, 2024 | 12:50 pm

LWLG

Lightwave Logic, Inc. (NASDAQ:LWLG) announced the issuance of a new patent for a diamondoid non-linear optical chromophore, enhancing the stability and performance of its proprietary electro-optic polymers. This advancement is expected to improve data transmission in datacenter applications, particularly to meet the growing demand from generative AI. The technology enables high-speed, low-power EO polymer modulators to operate at 200Gbps with 1V drive voltage levels, and is suitable for high-volume manufacturing in silicon foundries.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:40 pm

SGML

Sigma Lithium announces a final investment decision to double its production capacity to 520,000 tonnes/year with a $100M investment in Phase 2 of its Industrial Greentech Plant. The expansion aims to power 1.8 million EVs and is expected to be completed in 10 months, with construction starting in 4Q24. The company plans to finance the expansion with existing cash and future cash flow from lithium concentrate shipments. Sigma Lithium ended its first production year with positive cash adjusted EBITDA and operating profit, despite a decline in lithium prices.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:39 pm

ARE

Alexandria Real Estate Equities, Inc. (NYSE:ARE) announced an early 6-year lease renewal with insitro at the Alexandria Center for Advanced Technologies in South San Francisco. This renewal, extending through August 31, 2034, for 143,188 RSF, underscores insitro's commitment to its headquarters and R&D site. The deal highlights the growing demand for AI-enhanced laboratory space for drug discovery and development. Alexandria's strategic presence in South San Francisco since 1998 has positioned it as a key enabler for life science companies, with nearly 3.4 million RSF in operation.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:36 pm

INCY

Incyte (NASDAQ:INCY) and China Medical System Holdings Limited (CMS) have entered into a collaboration and license agreement for the development and commercialization of povorcitinib, an oral JAK1 inhibitor, in Mainland China, Hong Kong, Macau, Taiwan, and Southeast Asia. Povorcitinib is being evaluated for various autoimmune and inflammatory dermatologic diseases. Under the agreement, CMS will make an upfront payment to Incyte, with Incyte eligible for additional milestones and royalties on net sales in CMS' territory.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:35 pm

CG

TEVA

Teva Pharmaceutical Industries Ltd. (TEVA) and Launch Therapeutics have entered a clinical collaboration to accelerate the development of Teva's Dual-Action Asthma Rescue Inhaler (TEV-‘248). Additionally, Teva and Abingworth, part of Carlyle (CG), announced a strategic development funding agreement providing Teva up to $150 million to support the TEV-‘248 program. This collaboration aims to expedite the clinical research program, with Launch Therapeutics leading the operational execution of clinical trials. Teva retains responsibility for manufacturing, U.S. regulatory interactions, and commercialization. The funding from Abingworth will be recognized by Teva as a reduction in R&D expenses, and Abingworth is eligible for payments based on sales if TEV-‘248 receives FDA approval.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:33 pm

FRSX

Foresight Autonomous Holdings Ltd. (FRSX) subsidiary, Eye-Net Mobile Ltd., has entered a three-way proof-of-concept project with a leading Japanese insurance company and a dashcam manufacturer to integrate Eye-Net's technology into dashcams. This collaboration aims to enhance road safety by providing drivers with advanced tools to prevent accidents, potentially leading to reduced insurance costs and improved claim processes.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:30 pm

GOOG

GOOGL

Google is shutting down its Podcasts app and advising users to migrate to YouTube Music for their podcast needs. The decision, announced in September 2023, is part of Google's strategy to consolidate its audio offerings under the YouTube brand. Users have until July 2024 to complete the migration, with Google providing a guide for transferring subscriptions.

Portfolio Pulse from Rounak Jain

April 01, 2024 | 12:29 pm

BLDP

Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) announced a Long Term Supply Agreement with Solaris Bus & Coach for 1,000 hydrogen fuel cell engines through 2027, marking the company's largest order. The engines will power Solaris buses across Europe, supporting the transition to zero-emission public transport. The order includes after-market and extended warranty services, with deliveries starting in 2024. This agreement strengthens Ballard's position in the European transit bus market and supports the decarbonization of urban fleets.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:16 pm