Streetbeat News

Products Services

EVGN

Evogene Ltd. (NASDAQ:EVGN) and Verb Biotics LLC. have entered into a collaboration agreement to develop new strains of probiotic bacteria aimed at improving human health and vitality. The partnership will leverage Evogene's MicroBoost AI technology and Verb Biotics' expertise in microbiome health to enhance genetic pathways in microbes for novel metabolite production. Financial terms of the agreement were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 12:10 pm

PLUG

Plug Power Inc. has restarted its hydrogen plant in Charleston, Tennessee, increasing the U.S. liquid hydrogen supply by about ten tons per day. The company also made design improvements to boost plant efficiency.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 12:09 pm

CRNC

Cerence Inc announced strategic wins including a win-back with a Japanese OEM, a program extension with a North American OEM, and a significant AIoT business win for a wearable product. Despite one-time adjustments, including an accelerated revenue from a Toyota contract, Cerence delivered a solid quarter. The company remains focused on AI technology and operational excellence.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 12:08 pm

CRNC

MSFT

NVDA

Cerence Inc has announced partnerships with NVIDIA and Microsoft to enhance its automotive AI products with generative AI and large language models. These collaborations aim to develop an automotive-grade large language model for Cerence's next-generation platform, showcased at CES with Volkswagen's IDA in-car assistant.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 12:06 pm

HSDT

Helius Medical Technologies, Inc. has announced that it has reached an agreement with the FDA regarding its registrational program for a new treatment aimed at stroke patients. This marks a significant step forward in the company's efforts to bring innovative solutions to the market for individuals suffering from the aftermath of strokes.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 12:03 pm

PYCR

Analyst ratings for Paycor HCM (NASDAQ:PYCR) have varied over the last quarter, with a recent positive shift in the 12-month price targets, now averaging $27.0. The company has shown solid revenue growth of 21.37% as of September 30, 2023, but faces challenges with below-average net margin, ROE, and ROA. Paycor HCM provides payroll and HCM solutions, targeting small to midsize clients in the U.S.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 12:00 pm

TSLA

Ark Investment Management predicts Tesla's addressable market could expand tenfold with the launch of a $25K next-gen EV by the end of 2025. Despite Tesla's current stock slump and the slow start of the Cybertruck, analysts see potential for recovery with the introduction of a more affordable vehicle. Tesla's Model Y has already achieved significant sales, and a lower-priced model could significantly increase market reach. Analysts have adjusted Tesla's sales volume estimates and stock price expectations in light of these developments.

Portfolio Pulse from Shanthi Rexaline

February 06, 2024 | 11:54 am

ARVN

PFE

Arvinas and Pfizer's joint development, Vepdegestrant, has been granted FDA Fast Track Designation for the treatment of ER+/HER2- metastatic breast cancer. This designation is expected to expedite the development and review process for Vepdegestrant, potentially bringing this new treatment option to patients sooner.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 11:46 am

COHR

Coherent Corp. (NYSE:COHR) shares rose in premarket trading after surpassing Wall Street's second-quarter sales and EPS estimates. The company reported sales of $1.131 billion and an adjusted EPS of $0.36, both exceeding expectations. Despite a decline in non-GAAP gross profit and margins, Coherent enjoyed solid orders for AI/ML-related Datacom transceivers and is progressing towards the launch of 1.6T transceivers. The company also revised its fiscal year 2024 revenue and EPS outlook upwards.

Portfolio Pulse from Nabaparna Bhattacharya

February 06, 2024 | 11:43 am

FSR

Fisker is set to begin its first over-the-air (OTA) software update for the Fisker Ocean all-electric SUV next week, with plans to continue frequent, progressive OTA updates throughout 2024. The upcoming update is named Ocean OS 2.0.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 11:33 am