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CVX

Chevron has announced its inaugural solar-to-hydrogen production project in California's Central Valley, aiming to produce low carbon intensity (LCI) electrolytic hydrogen through the process of electrolysis.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:05 pm

GIA

QTI

GigCapital5, Inc. (NASDAQ:GIA) and QT Imaging, Inc. have announced the completion of their business combination on March 4, 2024, with QT Imaging Holdings, Inc. expected to start trading on Nasdaq under the ticker 'QTI' on March 5, 2024. This marks GigCapital5's fifth business combination, leveraging QT Imaging's innovative medical imaging technology. QT Imaging, known for its advanced breast imaging system, is poised for growth in the healthcare market.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:04 pm

DNA

Ginkgo Bioworks anticipates adding 100-120 new cell programs to its cell engineering platform in 2024, with expected total revenue ranging between $215M-$235M, which is below the estimated $279.546M.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:04 pm

CRDF

Cardiff Oncology's shares surged following the announcement of favorable Q4 financial outcomes, a positive update on the Phase 2 ONSEMBLE trial for RAS-mutated mCRC, and the initiation of dosing in a first-line RAS-mutated mCRC trial.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:03 pm

NRGV

Energy Vault Holdings, Inc. (NRGV) announced the interconnection of its first EVx 100 MWh gravity energy storage system in Rudong, China, and the groundbreaking of three additional systems. These developments are part of a larger expansion in China, with nine EVx systems totaling 3.7 GWh under construction. The Rudong and Zhangye City systems have been designated as 'new energy storage pilot demonstration projects' by China's National Energy Administration. This recognition and the ongoing construction underscore the growing adoption of Energy Vault's technology in China's renewable energy sector.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:01 pm

IRTC

iRhythm Technologies, Inc. (NASDAQ:IRTC) announced a collaboration with Epic to use Epic's Aura platform for streamlining access to iRhythm's Zio services, aiming to improve operational efficiency for clinicians and enhance patient care. This partnership marks iRhythm as the first medical device company to join the Epic community, potentially saving healthcare organizations significant time and costs in integrating Zio services into Epic's EHR platforms. The collaboration is expected to make Zio services more accessible across various patient care settings and is set to begin in early 2025.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:58 pm

DELL

Dell Technologies, Inc. (NYSE:DELL) reported Q4 earnings of $2.20 per share, surpassing the $1.73 analyst consensus, with sales of $22.3 billion beating the $22.16 billion estimate. The increase was driven by demand for AI servers, with server and networking revenue at $4.9 billion. Dell announced a 20% increase in its annual cash dividend to $1.78 per share. Shares rose 16.2% after-hours to $110.00.

Portfolio Pulse from Erica Kollmann

February 29, 2024 | 9:53 pm

BWMX

Betterware de México (BWMX), a leading direct-to-consumer company in Mexico, announced its new corporate identity as BeFra, integrating Betterware and Jafra. This change aims to provide a unified commercial identity without altering the holding legal entity or listed stock. The new slogan, 'Great brands. One essence.', reflects the company's leadership and commitment to creating a lasting legacy by offering valuable products and generating opportunities.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:53 pm

WEN

Wendy's Co (NASDAQ:WEN) faced backlash over reports of implementing dynamic pricing, similar to surge pricing, leading to public outcry and criticism from Elizabeth Warren. The company clarified that it does not plan to raise prices during high demand periods, emphasizing that dynamic pricing will allow for competitive and flexible pricing without implementing surge pricing. The clarification comes after Wendy's announced testing digital menu boards and AI-enabled features by 2025, aiming to enhance customer experience without directly increasing prices during peak times.

Portfolio Pulse from Chris Katje

February 29, 2024 | 9:48 pm

FSR

Fisker has revised its 2024 delivery forecast for the Ocean model to 20,000-22,000 units worldwide, with a more conservative outlook than 2023. The expected average selling prices (ASPs) are set between $56,000 and $62,000, accounting for import duties and dealer commissions.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:44 pm