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ABVC

ABVC BioPharma has been granted a U.S. patent for PDC-1421, a treatment for ADHD. The patent application number is 17/120,965. This development could potentially enhance ABVC's intellectual property portfolio and provide a competitive edge in the ADHD treatment market.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:32 pm

AAPL

Analyst Ming-chi Kuo predicts that Apple Inc. (AAPL) will include a periscope lens in the iPhone 16 Pro model, not just the Pro Max, due to improved manufacturing yields by Largan. This marks a strategy shift for Apple, potentially making high-end camera features more accessible. Largan's increased yields, now at 70%, make the lens assembly more cost-effective, supporting a projected 160% YoY growth in iPhones with this camera in 2024. The prediction is based on solid yield rate data, but the inclusion in the iPhone 16 Pro remains speculative.

Portfolio Pulse from Benzinga Neuro

November 21, 2023 | 1:27 pm

GEN

ONDS

PRCH

TSM

Four tech stocks in the information technology sector are showing overbought signals according to their Relative Strength Index (RSI) values, which could be a warning to momentum investors. Ondas Holdings Inc. (ONDS) reported a narrower-than-expected quarterly loss and achieved record revenue, with an RSI of 82.79. Gen Digital Inc. (GEN) reported better-than-expected sales and has an RSI of 77.80. Porch Group, Inc. (PRCH) also reported better-than-expected sales with an RSI of 76.58. Taiwan Semiconductor Manufacturing Company Limited (TSM) is considering a new advanced chipmaking plant in Japan and has an RSI of 72.15.

Portfolio Pulse from Lisa Levin

November 21, 2023 | 1:26 pm

WMT

Walmart partners with Bamboo Rose to develop a new enterprise sourcing platform (ESP) to revolutionize its global sourcing operations. The ESP will integrate various systems, enhance efficiency, and support Walmart's commitment to low-cost goods. It will enable better collaboration among Walmart's sourcing associates, buyers, product development teams, and suppliers, leading to more informed purchasing decisions, improved market access, and reduced waste, especially in perishable goods. The initiative aligns with Walmart's strategy to save money for customers and is expected to impact all markets and business units, including Sam's Club.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:19 pm

ORTX

The US FDA has decided not to schedule an advisory committee meeting for Orchard Therapeutics' Biologics License Application for OTL-200, intended to treat Metachromatic Leukodystrophy, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:13 pm

BAER

Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER, BAERW) has entered into a joint venture partnership with Marathon Asset Management LP and Avenue Sustainable Solutions Fund to purchase four Canadair CL-215T Amphibious Aircraft from the Spanish government for €40.3 million. The acquisition is expected to close in ten business days and is seen as a strategic move to expand Bridger's customer base and create substantial revenue and cash flow growth. Bridger will manage the upgrades of the planes and has the right to acquire them sequentially as they are ready for service, with the first two expected to be operational by Summer 2024 in the EU.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:10 pm

SAP

SAP SE (NYSE:SAP) has announced a multiyear partnership with the Mercedes-AMG PETRONAS F1 Team to start in 2024. The collaboration aims to enhance operational efficiency and data insights for performance gains using SAP's S/4HANA Cloud, private edition, and AI technology. The partnership will focus on managing the cost-cap challenge and optimizing the supply chain, with SAP's technology enabling better resource allocation, cost forecasting, and supply chain management. This alliance is expected to set a new standard for the automotive industry, leveraging Formula One's innovative platform.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:08 pm

GDC

GD Culture Group has signed a Memorandum of Understanding with Pier E Media to expand into the TikTok agency business. This strategic move aims to leverage TikTok's growing platform for marketing and content creation services.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:06 pm

BIDU

Baidu's CEO announced during a conference call that the company expects its AI Cloud revenue to return to positive growth in the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:05 pm

PLSE

Pulse Biosciences has submitted a 510(k) application to the US FDA for its CellFX nsPFA Percutaneous Electrode, a device that could potentially enhance the company's product offerings in the medical device market.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:04 pm