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BLDP

Ballard Power Systems (NASDAQ:BLDP) announced a 15 MW fuel cell system order from a UK-based renewable off-grid power generation company. The order, to be delivered between late 2024 and 2025, signifies growth in Ballard's supply relationship and showcases the performance of its fuel cell technology in stationary power applications. This first order under a new multi-year supply agreement could expand to 446 systems if the customer exercises an option to purchase an additional 296 systems by March 2026.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:35 pm

CDIO

Cardio Diagnostics Holdings, Inc. (NASDAQ:CDIO), an AI-driven precision cardiovascular medicine company, announced the U.S. Patent and Trademark Office has issued a notice of allowance for a patent application exclusively licensed to the company for detecting predisposition to cardiovascular disease. This marks the second U.S. patent in this family, with additional patents issued in the EU, China, India, and Australia. The technology aims to address the significant health burden of cardiovascular disease (CVD) in the U.S., where heart disease is the leading cause of death. The company's IP portfolio includes clinical blood tests and software solutions designed to improve prevention, detection, and management of CVD.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:34 pm

APGE

GANX

GTLB

Apogee announced its Phase 1 trial for APG777 exceeded objectives, boosting its stock by 50%. GitLab's Q1 EPS and FY25 forecasts fell short of estimates, leading to a 25% stock drop. Gain Therapeutics will present data on GT-02287 at the AP/PD 2024 conference, causing a 43% stock increase.

Portfolio Pulse from ryanfaloona@benzinga.com

March 05, 2024 | 1:33 pm

EMXC

IEMG

SSNLF

TSM

Emerging market assets, particularly tech stocks like TSMC and Samsung, have begun recovering from 2022's losses, driven by AI and chip sector growth. The iShares Core MSCI Emerging Markets ETF (IEMG), which includes TSMC and Samsung, saw a significant drop but has started to recover. Despite challenges, emerging markets are seen as mispriced and offer investment opportunities, especially with China's government pledging support. The iShares MSCI Emerging Markets Ex-China ETF (EMXC) provides an alternative for those wary of China exposure.

Portfolio Pulse from Neil Dennis

March 05, 2024 | 1:32 pm

SIDU

Sidus Space successfully launched its LizzieSat mission from Vandenberg Space Force Base, marking a significant milestone for the company.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:32 pm

SLP

Simulations Plus, in partnership with the University of Bath, has been awarded an FDA grant to develop an enhanced, validated dermal PBBM/PBPK model. This model aims to inform product development and bioequivalence decisions, marking a significant advancement in the field.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:31 pm

AMZN

GOOG

GOOGL

AI startup Anthropic, backed by Alphabet Inc.'s Google and Amazon.com Inc., has introduced Claude 3, a generative AI model that claims to outperform OpenAI's GPT-4 in several metrics, including graduate-level reasoning and math problem-solving. Claude 3 comes in three sizes and is touted for its superior analysis, forecasting capabilities, content creation, code generation, and multilingual conversation skills. In benchmark tests, Claude 3 Opus slightly outperformed GPT-4 and Gemini Ultra.

Portfolio Pulse from Rounak Jain

March 05, 2024 | 1:24 pm

JPM

MA

V

JP Morgan Chase & Co. (NYSE:JPM) partners with France's Cartes Bancaires CB to expand its European payment network, challenging Visa Inc. (NYSE:V) and Mastercard Incorporated (NYSE:MA). The partnership, granting merchant clients access to the French payment network by end of 2024, positions JP Morgan as the first U.S. bank to be a principal member of Cartes Bancaires CB. This move is expected to enhance JP Morgan's competitive stance in Europe, particularly France, where it processes over $1 trillion of payments daily and supports over 1,500 European clients. Additionally, JP Morgan's AI-powered cashflow management tool, Cash Flow Intelligence, has seen success, reducing manual labor for corporate customers by up to 90%.

Portfolio Pulse from Nabaparna Bhattacharya

March 05, 2024 | 1:20 pm

NGMS

NeoGames S.A. (NASDAQ:NGMS) has expanded its US presence by launching its eInstant games with the Georgia Lottery Corporation, enhancing the lottery's online offerings. This move is part of NeoGames Studio's broader expansion in North America, with future launches planned in West Virginia and Pennsylvania in 2024. The partnership aims to attract a wider player demographic and increase engagement for the Georgia Lottery, which supports the state's HOPE Scholarship and Pre-K programs.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:20 pm

TRIN

Trinity Capital Inc. (NASDAQ:TRIN) has committed $50 million in equipment financing to Electric Hydrogen, a manufacturer of electrolyzer systems for producing green hydrogen. This financing supports Electric Hydrogen's gigafactory in Devens, MA, which is set to begin production in Q2. Electric Hydrogen aims to decarbonize industrial processes with its technology and has raised over $600 million in total capital, including a recent $380 million Series C equity raise.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:19 pm