Streetbeat News

Products Services

OCGN

Ocugen has received guidance from the FDA regarding the Phase 3 trial design for OCU400, aimed at treating retinitis pigmentosa associated with Rho and other gene mutations. This alignment on trial design is a crucial step in advancing the drug's development and potential approval.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 11:32 am

ALE

ALLETE has signed development agreements for the North Plains Connector project, which aims to advance a new High Voltage Direct Current (HVDC) transmission line in North Dakota and Montana. This project is expected to enhance the power transmission infrastructure in the region.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 11:31 am

TNON

Tenon Medical has filed a U.S. patent application (No. 20230404762) for systems related to sacroiliac (SI) joint stabilization. The patent application is a significant step in the company's efforts to innovate in the medical device sector, specifically targeting treatments for conditions related to the SI joint.

Portfolio Pulse from Charles Gross

December 21, 2023 | 11:29 am

CELZ

Creative Medical Technologies has filed a U.S. Patent Application #: 20230407254 for regenerative T cells derived from inducible pluripotent stem cells. This could potentially enhance their product offerings in the medical field.

Portfolio Pulse from Charles Gross

December 21, 2023 | 11:23 am

SIDU

Sidus Space, Inc. has filed a patent application (number 20230406548) for a system related to a modular satellite testing platform. The patent application suggests that Sidus Space is focusing on innovation in the satellite technology sector, which could potentially enhance its offerings and competitiveness in the space industry.

Portfolio Pulse from Charles Gross

December 21, 2023 | 11:15 am

LODE

Comstock has announced that it has secured enough supplier commitments to commission its first photovoltaic recycling facility, pending the receipt of the necessary permits.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 11:08 am

BEEM

Beam Global has won a significant order from the City of Los Angeles Streets LA Division for its solar-powered EV ARC charging systems. This order represents a strategic win for Beam Global, as it may lead to increased visibility and future orders from other municipalities.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 11:05 am

MSFT

SONY

Sony Group Corp. anticipates a $1.5 billion loss by 2027 due to Microsoft Corp.'s acquisition of Activision Blizzard, viewing it as a threat to its console and subscription businesses. Internal documents from the Insomniac hack reveal Sony's concerns about Microsoft's potential to dominate with Activision's strategic assets. Despite Microsoft's commitment to provide Call of Duty on PlayStation for ten years, Sony fears Microsoft could manipulate release schedules to its advantage.

Portfolio Pulse from Rounak Jain

December 21, 2023 | 10:49 am

META

Meta Platforms, Inc. (NASDAQ:META) experienced a 190% surge in stock price, marking its best year ever. The rally followed a year-long downtrend due to ad spending slowdown and competition. CEO Mark Zuckerberg's 'Year of Efficiency' strategy, including workforce reductions and cost management, led to a rebound. Meta's revenue grew by 12% year-over-year to $94.79 billion, with net income up 35% to $25.08 billion. The company anticipates higher spending in 2024 but remains optimistic due to potential lower interest rates and its AI initiatives. Analysts see an 11% growth potential with a price target of $388.43.

Portfolio Pulse from Shanthi Rexaline

December 21, 2023 | 10:45 am

CALT

CAN

CIFR

HIVE

IMVT

LE

MU

RNG

WULF

Micron Technology, Inc. (NASDAQ:MU) reported Q1 revenue of $4.73 billion, surpassing estimates, but posted a loss of 95 cents per share, missing expectations. The company's strong guidance led to a 5.7% increase in pre-market trading. Other stocks showing pre-market gains include Calliditas Therapeutics, Lands' End, Canaan Inc., Immunovant, TeraWulf, Cipher Mining, RingCentral, and HIVE Digital Technologies, with several influenced by Bitcoin strength and positive company-specific news.

Portfolio Pulse from Avi Kapoor

December 21, 2023 | 10:27 am