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VRSK

Verisk (NASDAQ:VRSK), a data analytics and technology provider, has received approval from the California Department of Insurance for its ISO wildfire mitigation filings. These filings allow insurers to apply specific wildfire mitigation discounts to their rating plans, complying with a CDI regulation. Verisk's proactive engagement with CDI and its position as an industry leader is highlighted by being among the first to have its filings approved.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 11:18 am

KBR

KBR, Inc. has been selected to provide its K-GreeN technology for Lotte Chemical's H2biscus green ammonia project in Malaysia. The project, involving a consortium including Lotte Chemical, KNOC, and Samsung Engineering, will produce 800 KTA of green ammonia using hydropower. Financial terms of the contract were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 11:10 am

AMGN

BMY

MRNA

SRPT

VRTX

XBI

The 42nd annual JPMorgan Healthcare Conference begins in San Francisco, with expectations of significant industry discussions, potential deal announcements, and company presentations. Past conferences have influenced M&A activity and stock volatility. Bristol-Myers Squibb, Vertex Pharmaceuticals, Amgen, Sarepta Therapeutics, and Moderna are among the companies presenting. The SPDR S&P Biotech ETF (XBI) has shown varied performance during past conferences, with individual stocks potentially experiencing volatility based on news from the event.

Portfolio Pulse from Shanthi Rexaline

January 08, 2024 | 11:04 am

NVDA

Nvidia is set to launch an AI chip specifically designed for the Chinese market in the second quarter of 2024, according to sources familiar with the matter. This move comes as a strategic step to navigate the complex trade restrictions and maintain its presence in the critical Chinese market.

Portfolio Pulse from Charles Gross

January 08, 2024 | 10:22 am

TSLA

California-based AI startup Figure showcased its humanoid robot, Figure-01, making coffee autonomously in a video. The robot learned the task by observing humans for ten hours. Tesla's Optimus, which was recently upgraded, has improved physical capabilities but has not demonstrated coffee-making skills. Figure aims to use its robots for corporate tasks, to address labor shortages, and to perform unsafe tasks.

Portfolio Pulse from Anan Ashraf

January 08, 2024 | 10:19 am

BKYI

BIO-key International, Inc. has announced that the Ministry of Foreign Affairs of Denmark has selected IT2Trust to implement a Virtual Private Network (VPN) secured by BIO-key Europe's AuthControl Sentry authentication solution for 4,500 users.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 10:07 am

AMBA

Ambarella is showcasing its new N1 SoC series, which can run multi-modal large language models at reduced power-per-inference. This technology is applicable in video security analysis, robotics, and various industrial applications.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 10:04 am

BA

LMT

United Launch Alliance's (ULA) new Vulcan rocket successfully launched from Florida, carrying payloads including Astrobotic's Peregrine Lunar Lander. The Vulcan rocket, a competitor to SpaceX's Falcon 9, is expected to serve clients like the Pentagon, NASA, and Amazon. ULA, a joint venture between Boeing Co (BA) and Lockheed Martin Corp (LMT), aims for a bi-weekly launch rate and has sold over 70 Vulcan launches. The Peregrine Lunar Lander is on a mission to achieve the first US soft landing on the moon since 1972.

Portfolio Pulse from Anan Ashraf

January 08, 2024 | 9:54 am

AAPL

FXI

JEF

Apple Inc.'s iPhone sales in China have dropped by 30% in the first week of 2024, according to a note from Jefferies. This decline represents a significant setback for the U.S. tech giant in a crucial market.

Portfolio Pulse from Charles Gross

January 08, 2024 | 9:45 am

AMZN

GOOG

GOOGL

META

MSFT

NVDA

TSLA

Tesla, Inc. (TSLA) saw a 101% gain in 2023 but is still considered attractively valued compared to its 'Mag 7' peers, according to fund manager Gary Black. Despite competitive pressures and stagnant EV market growth, Tesla's expected five-year adjusted EPS growth and high P/E ratio suggest a strong growth story. The company is anticipated to benefit from new product launches and potential monetization of its Supercharger network and full-self driving software.

Portfolio Pulse from Shanthi Rexaline

January 08, 2024 | 9:22 am