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SPRC

SciSparc Ltd. (NASDAQ:SPRC), a clinical-stage pharmaceutical company, announced it has been granted a Canadian patent for its core technology combining cannabinoids and n-acylethanolamines. This patent is expected to strengthen SciSparc's proprietary technology, enhancing the safety of cannabinoids by using low dosages while maintaining therapeutic benefits.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:31 am

EH

EHang's stock price increased following the announcement that it has started selling its EH216-S flying taxi on Taobao, a popular online shopping platform.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:31 am

MRCY

Mercury Systems has launched an early access program for its RFS1140 Direct RF System-In-Package, offering product documentation, support, and priority delivery for evaluation hardware expected to be available this year.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:29 am

GOEV

Canoo Inc (NASDAQ:GOEV) received approval from the U.S. Department of Commerce for its Oklahoma City facility to be designated as a Foreign Trade Zone (FTZ). This designation is expected to enhance Canoo's electric vehicle manufacturing strategy in the U.S., improve profitability, and accelerate the path to breakeven. The facility, which currently employs over 100 workers, aims to support up to 1,100 jobs at full capacity. The FTZ status will eliminate customs duties on vehicles sold internationally and defer duties on imported parts for domestic sales, potentially reducing vehicle costs by up to 5% on imported parts. Canoo sources over 90% of its parts from the U.S. and allied nations, with 70% coming from North America.

Portfolio Pulse from Shivani Kumaresan

March 18, 2024 | 11:22 am

TSLA

Tesla shares are trading higher following the announcement of an increase in Model Y prices across multiple European countries.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:22 am

SILO

Silo Pharma, Inc. (NASDAQ:SILO) has filed a provisional patent for 'Methods and Combinations for Managing Pain' with the USPTO, covering its SP-26 implantable drug delivery system for ketamine, aimed at treating fibromyalgia and chronic pain.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:20 am

GOOG

GOOGL

Alphabet shares are trading higher after reports that Apple is considering integrating Google Gemini into the iPhone. This potential partnership could enhance Alphabet's presence in mobile search and advertising, benefiting its long-term revenue prospects.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:14 am

TTE

TotalEnergies SE (NYSE:TTE) has signed over 1.5 GW of renewable Power Purchase Agreements (PPAs) globally with more than 600 industrial and commercial customers. Of these, 1.1 GW is operational, producing 1.5 TWh of electricity annually, with the remaining 400 MW expected to be commissioned by year-end. The deals aim to support the energy transition across various industries and include significant projects in the U.S., Belgium, Oman, and Indonesia. TTE shares rose 0.46% in premarket trading.

Portfolio Pulse from Lekha Gupta

March 18, 2024 | 11:13 am

BTCUSD

Crypto trader Alex Krüger predicts the Bitcoin bull market is far from over, attributing potential growth to the underutilized institutional sales process of Bitcoin ETFs. Krüger highlights that only 20% of the institutional sales mechanism for Bitcoin ETFs is functional, with expectations of significant acceleration by year-end. He notes the slow adoption by advisors but mentions Merrill Lynch and UBS preparing to offer ETFs to clients, signaling a broader institutional embrace. The approval and trading of spot Bitcoin ETFs since January 10 have already attracted new investors and contributed to Bitcoin's recent price surge.

Portfolio Pulse from Benzinga Neuro

March 18, 2024 | 11:09 am

ERJ

Embraer projects its 2024 revenue to be between $6B-$6.4B, aligning with a $6.21B consensus. The company anticipates an adjusted EBIT margin of 6.5%-7.5% and expects to deliver 72-80 commercial and 125-135 executive aircraft. Additionally, Embraer forecasts an adjusted free cash flow of $220 million or more for the year.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:07 am