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MBLY

Mobileye announced it will wind down its aftermarket solutions unit, stating this move will not materially impact its 2024 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 12:40 pm

CTXR

Citius Pharmaceuticals announced that the FDA has accepted the BLA resubmission for LYMPHIR, a treatment for adults with relapsed or refractory cutaneous T-cell lymphoma. The FDA has set a PDUFA target action date of August 13, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 12:37 pm

HSAI

Hesai Technology (NASDAQ:HSAI) and Leapmotor announced a strategic partnership to enhance intelligent driving experiences using Hesai's automotive lidar products. This collaboration, building on their partnership since 2021, involves equipping Leapmotor's vehicles with Hesai's AT128 lidar, including the new C10 EV. Leapmotor's recent joint venture with Stellantis Group aims to boost global sales of its products, with Hesai playing a key role in supplying advanced intelligent driving systems. Hesai is expanding its lidar product portfolio to meet diverse market needs, indicating a growing demand for lidar-equipped intelligent driving solutions.

Portfolio Pulse from Happy Mohamed

March 18, 2024 | 12:37 pm

ELAB

Elevai Labs has officially launched its online e-commerce portal, marking a significant step in its digital expansion strategy.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 12:34 pm

DERM

Journey Medical Corporation has announced that the FDA has accepted its New Drug Application for DFD-29, a medication intended for the treatment of rosacea. This marks a significant milestone for the company as it moves closer to potentially bringing a new treatment option to the market for those suffering from rosacea.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 12:31 pm

CEG

Constellation (NASDAQ:CEG) has issued the first corporate green bond in the U.S. for $900 million with a 30-year term to finance nuclear energy projects. This initiative underscores the role of nuclear energy in achieving sustainability goals and marks a significant step in green financing. The bond will fund investments in maintenance, expansion, and life extensions of nuclear power generation. Crédit Agricole CIB served as the Green Structuring agent for this offering, which aligns with the Green Bond Principles and Green Loan Principles.

Portfolio Pulse from Happy Mohamed

March 18, 2024 | 12:22 pm

BW

Babcock & Wilcox Enterprises Inc (NYSE:BW) has secured a $246 million contract for a gas conversion project, converting a power plant's coal-fired boilers to natural gas. The full contract is expected to proceed in Q4 2024, with the project reflecting the company's role in the energy transition. BW shares rose 9.10% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 18, 2024 | 12:14 pm

AAPL

EA

GOOG

META

MSFT

MUSQ

NFLX

SONY

WBIL

Sony Group Corp (NYSE:SONY) has paused PlayStation VR2 production due to unsold inventory, facing challenges in the VR market alongside Meta, Apple, and others. The industry sees consolidation, with job cuts and game cancellations. Sony's Q3 fiscal 2023 sales grew 22% YOY, and it explores new strategies like PC title access for PSVR2. Investors can access Sony through WBIL and MUSQ ETFs. SONY shares rose 2.08% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

March 18, 2024 | 12:12 pm

STRL

Sterling Infrastructure's subsidiary, Plateau Excavation, has been awarded a $100M data center project in the southeastern U.S., covering 280 acres and including 125,000 linear feet of underground infrastructure. Work begins in Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 12:08 pm

INFN

Infinera (NASDAQ:INFN) has entered into a long-term partnership with Orange to enhance network infrastructure across Europe using Infinera's GX Series. This collaboration aims to meet growing bandwidth demands and improve service delivery for Orange's wholesale customers.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 12:07 pm