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MDT

The FDA has approved Medtronic plc's Symplicity Spyral renal denervation system for treating hypertension. Despite initial doubts from the FDA Circulatory System Devices Panel, which was divided on the benefit/risk profile, the device will now be commercialized by Medtronic. The Symplicity procedure is minimally invasive and is already approved in over 70 countries. Medtronic's stock (MDT) rose 1.12% in premarket trading following the announcement.

Portfolio Pulse from Vandana Singh

November 20, 2023 | 12:57 pm

AMRC

Ameresco, Inc. has been selected to construct a battery energy storage system (BESS) of up to 50-megawatts for Silicon Valley Power. This project aims to provide additional local area capacity for the electrical system.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 12:56 pm

NIO

Nio Inc (NYSE:NIO) has reached a milestone by activating its 2,100th power swap station, nearing its target of 2,300 stations by year-end. This development emphasizes Nio's commitment to battery-swapping services, which is a different approach compared to other EV manufacturers like Tesla, Volkswagen, and General Motors that focus on battery charging. Nio's strategy could enhance the EV charging experience for its users.

Portfolio Pulse from Anan Ashraf

November 20, 2023 | 12:55 pm

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Jacobs Engineering Group Inc. has been chosen as the program and construction management partner for Thyssenkrupp Steel's $2.5 billion project to decarbonize its steel mill in Duisburg, Germany. This initiative is part of Thyssenkrupp's broader efforts to reduce carbon emissions and transition towards more sustainable steel production.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 12:48 pm

SNAX

Stryve Foods has expanded the distribution of its Vacadillos brand to Albertsons stores across the nation, potentially increasing the brand's visibility and sales.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 12:47 pm

AUVI

Applied UV, Inc. (NASDAQ:AUVI) has announced that its subsidiary MunnWorks has provided Dollywood's HeartSong Lodge & Resort with lighted and decorative mirrors, and custom vanities. This enhancement aligns with Dolly Parton's vision and the resort's commitment to high standards of hospitality design.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 12:39 pm

AMZN

Amazon has announced its 'AI Ready' commitment, aiming to provide free artificial intelligence (AI) skills training to 2 million people by 2025. The initiative is part of Amazon Web Services (AWS) and is designed to help individuals and businesses develop the necessary skills to leverage AI technology. The training will be accessible through various AWS educational programs, which include AWS Training and Certification, AWS Educate, and AWS Academy.

Portfolio Pulse from Charles Gross

November 20, 2023 | 12:37 pm

ALZN

Alzamend Neuro Inc (NASDAQ:ALZN) has received a 'Study May Proceed' letter from the FDA to initiate a Phase 2A clinical study of AL001 for major depressive disorder (MDD). The company's CEO, Stephan Jackman, highlighted the potential of AL001 as a next-generation lithium product that may not require routine therapeutic drug monitoring, which could be a significant improvement for MDD treatments. Alzamend's Phase IIA study of AL001 in Alzheimer's patients indicated a benign safety profile. The first patient for the MDD study is expected to be dosed in Q1 2024. ALZN shares closed at $1.69 on Friday.

Portfolio Pulse from Vandana Singh

November 20, 2023 | 12:31 pm

ALZN

Alzamend Neuro has indicated to Benzinga that the safety aspects of its AL001 development could be eligible for a 505(b)(2) New Drug Application (NDA) pathway with the FDA, which could streamline the approval process.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 12:30 pm

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MSFT

NVDA

QQQ

SPY

ZM

U.S. stock futures indicate a positive start to the week, with attention on Nvidia's earnings and Microsoft's AI team changes. Energy stocks may rise with oil prices, while bond yields are slightly up. The S&P 500 is close to its record high, with LPL Financial suggesting a new high is possible. SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw premarket gains. Microsoft and Boeing stocks are up in premarket trading, while Agilent Technologies and Zoom Video are set to report earnings. Oil prices and Bitcoin are up, while Asian markets are mixed and European stocks show mixed performance.

Portfolio Pulse from Shanthi Rexaline

November 20, 2023 | 12:25 pm