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SONY

Sony Electronics Inc. has announced the continuation of its partnership with SQUARE ENIX for the launch of FINAL FANTASY VII REBIRTH, with Sony BRAVIA XR TVs being the official gaming TV for the game.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:04 pm

TOON

Kartoon Studios (NYSE:TOON) plans to increase content production in 2024, aiming for sustained profitability. Initiatives to boost revenue and streamline operations are cited as key factors. The company's streaming service, Kartoon Channel!, achieved breakeven in 2023 and is expected to be profitable in 2024. New series and movies are in the pipeline, including original IP from Stan Lee Universe. Gregg Goldin, with experience from DreamWorks Animation and Cartoon Network, is appointed as Senior Vice President, Development & Production.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:04 pm

VIRI

Virios Therapeutics is progressing the development of IMC-2 for treating symptoms associated with Long-COVID. This move could potentially address the needs of patients suffering from persistent symptoms after recovering from the initial COVID-19 infection.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:03 pm

COCH

Envoy Medical, Inc. (NASDAQ: COCH), a company specializing in fully implanted hearing systems, has been awarded three additional patents, signaling its commitment to innovation in the hearing health industry. The patents cover various aspects of cochlear implant systems, including signal analysis, electrode impedance diagnostics, and integrated components. CEO Brent Lucas expressed optimism for 2024, highlighting upcoming milestones such as the next phase of clinical investigation for their cochlear implant system.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:03 pm

RTX

Pratt & Whitney Canada, a business of RTX (NYSE:RTX), has unveiled a new high voltage bidirectional mobile charging unit (MCU) for its hybrid-electric flight demonstrator project. The MCU, developed with the National Research Council of Canada and the Innovative Vehicle Institute, can charge batteries at up to 1500 volts and deliver up to 280 kW. It supports the Megawatt Charging System standards and is critical for electric and hybrid-electric aircraft. The charger's bidirectional capability allows for energy recycling back into the grid. RTX's hybrid-electric propulsion system, which will use batteries charged by this MCU, aims for a 30% improvement in fuel efficiency and reduced CO2 emissions, aligning with the industry's net-zero CO2 emissions goal by 2050.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:02 pm

RUM

Rumble (NASDAQ:RUM) has announced a partnership with Barstool Sports, which will allow Rumble users to access all Barstool Sports content, including live streams. Barstool will promote Rumble as their preferred video platform and use Rumble Cloud for cloud services. The partnership includes an advertising arrangement to attract brand advertisers. Barstool Sports has seen significant audience growth, with a 194% increase over three years and 1.6 billion podcast downloads.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:01 pm

GOLD

Barrick Gold (NYSE:GOLD) has denied rumors of a potential takeover of First Quantum Minerals, following reports of a meeting between Barrick's executive and First Quantum representatives. Barrick is focusing on developing its existing projects in Tanzania, including the North Mara and Bulyanhulu mines, and investing in the community through the Future Forward education initiative. First Quantum is dealing with financial challenges, including the closure of its Cobre Panama copper mine and the suspension of dividends.

Portfolio Pulse from Stjepan Kalinic

January 22, 2024 | 1:58 pm

CHRS

RVSN

SGMT

Sagimet Biosciences reported positive results from its Phase 2b FASCINATE-2 trial for Denifanstat in NASH, leading to a 94% stock surge. Rail Vision announced it has received certifications for EU railway standards, causing its stock to jump 142%. Coherus BioSciences has agreed to sell its ophthalmology franchise to Sandoz for $170 million in cash, resulting in a 33% increase in its stock price.

Portfolio Pulse from ryanfaloona@benzinga.com

January 22, 2024 | 1:55 pm

ASX

TSM

TSMC and ASE Holdings are expanding their advanced packaging capacities, which is causing optimism among supply chain participants due to expected growth from these development plans.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 1:53 pm

CELH

PEP

Celsius Holdings Inc (CELH) shares are recovering after a 12.7% drop on Friday due to a downgrade by BofA Securities. The rebound is attributed to the company's expansion into Canada, the U.K., and Ireland. PepsiCo Inc (PEP) will be the exclusive distributor in Canada, with sales starting this month, while Suntory Beverage & Food will handle sales and distribution in the U.K. and Ireland, expected to begin this year.

Portfolio Pulse from Adam Eckert

January 22, 2024 | 1:50 pm