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CEVA

Ceva has announced the release of its RivieraWaves Wi-Fi 7 IP platform, aimed at enhancing connectivity for high-end consumer and industrial IoT devices such as gateways, TVs, set-top-boxes, streaming media devices, AR/VR headsets, personal computing, and smartphones.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:05 pm

IVVD

Invivyd, Inc. (NASDAQ:IVVD) has submitted a request for Emergency Use Authorization (EUA) to the U.S. FDA for its monoclonal antibody candidate VYD222, aimed at preventing COVID-19 in immunocompromised individuals. The submission is supported by positive results from the CANOPY Phase 3 trial and ongoing in vitro activity against variants like JN.1.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:05 pm

PEV

Phoenix Motor Inc. announced that its subsidiary, EdisonFuture, will start accepting Bitcoin as a payment method. This move reflects the company's embrace of digital currencies and aligns with a growing trend among businesses to offer more flexible payment options to customers.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:05 pm

LASE

Laser Photonics Corporation (LASE), a global developer of CleanTech laser systems, has received an order from Ontario Power Generation's Nuclear Division for its MarkStar Pro laser marking system. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:03 pm

TALO

Talos Energy has commenced production at its Lime Rock and Venice discoveries in the Gulf of Mexico. This development is expected to contribute positively to the company's output and financial performance.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:00 pm

ARQT

Arcutis Biotherapeutics (NASDAQ:ARQT) has received mixed ratings from 7 analysts in the past three months, with an average 12-month price target of $7.43, a significant decrease from the prior average. The company has shown impressive revenue growth of 5156.41% as of September 30, 2023, but faces challenges with a high debt-to-equity ratio and below-average ROE and ROA. Arcutis is developing dermatological treatments, with its lead product candidate ZORYVE completing Phase 3 trials.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 12:00 pm

TSLA

Tesla Inc (NASDAQ:TSLA) has begun informing customers that redeeming referral points over $600 will have tax implications. Customers will receive a form 1099 for tax filing if they redeem awards and payouts exceeding this amount in a year. This is in compliance with IRS requirements to track income sources over $600. Tesla's referral program offers credits for referring new customers, which can be redeemed for benefits but not for merchandise or accessories in the online store.

Portfolio Pulse from Anan Ashraf

January 03, 2024 | 11:54 am

TME

UMGNF

Tencent Music Entertainment Group (TME) has renewed a multi-year strategic licensing agreement with Universal Music Group (UMG). The deal allows TME to continue offering UMG's music catalog on its platforms, including QQ Music and WeSing, with added features like Dolby Atmos and HD streaming. Despite a revenue decline in Q3, TME's stock is trading slightly higher in premarket.

Portfolio Pulse from Lekha Gupta

January 03, 2024 | 11:53 am

AAPL

Apple Inc. (NASDAQ:AAPL) is preparing to send out 1099-INT tax forms to Apple Card Savings account holders who have earned $10 or more in interest during the year. The forms, which are necessary for tax reporting, will be distributed by January 31, 2024. Apple Card Savings, which was launched in the U.S. last year, had its interest rate increased to 4.25% APY in December 2023.

Portfolio Pulse from Rounak Jain

January 03, 2024 | 11:27 am

SNX

TD Synnex Corp's Shyft Global Services division has acquired technology lifecycle service provider Cokeva, Inc. The acquisition enhances Shyft's depot repair service capabilities and offers customers a broader range of end-to-end technology services. Cokeva operates a 220,000 sq. ft. facility in Roseville, California, with high standards for quality management and cleanroom operations. As of August 31, 2023, TD Synnex had $1.25 billion in cash and equivalents. SNX shares closed down 1.38% at $106.13 on Tuesday.

Portfolio Pulse from Lekha Gupta

January 03, 2024 | 11:26 am