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KHC

Kraft Heinz Company (NASDAQ:KHC) has voluntarily recalled approximately 83,800 cases of Kraft Singles American processed cheese slices due to a choking hazard from the wrappers. The issue arose from a temporary glitch in the company's wrapping machine, which left a thin strip of film on the slices. The company has fixed the machine and inspected all other processing machines. Kraft Heinz's shares are trading lower by 0.12% to $33.98.

Portfolio Pulse from Nabaparna Bhattacharya

September 21, 2023 | 1:50 pm

VALN

Valneva has announced that it is reactivating its Zika program, now that the development of its Covid vaccine is complete. The company believes there is a significant unmet medical need and sees a highly complementary potential asset in the Zika program.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 1:44 pm

SNY

TVTX

Travere Therapeutics announced two-year confirmatory secondary endpoint results from its Phase 3 PROTECT Study of Filspari in IgA nephropathy versus Sanofi's Avapro. Filspari demonstrated long-term kidney function preservation and achieved a clinically meaningful difference in eGFR total and chronic slope versus irbesartan. The company plans to submit a supplemental New Drug Application in 1H 2024 for full approval in the U.S. TVTX shares are down 44.90% at $7.11.

Portfolio Pulse from Vandana Singh

September 21, 2023 | 1:42 pm

INDA

TSLA

Tesla has expressed interest in manufacturing and selling battery storage systems in India. However, the Indian government has stated that it cannot provide incentives for a battery storage plant, but may consider subsidies for buyers, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 1:34 pm

CNVS

Cineverse Corp. (NASDAQ:CNVS) has announced a partnership with Whip Media to integrate Whip Media's Content Value Management (CVM) software platform into Cineverse's Matchpoint Insights. This will automate and streamline the processing of content partner royalty payments across Cineverse's distribution network. The move is expected to reduce costs, increase efficiency, and improve accuracy in financial activities related to content partner contracts and licenses.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 1:32 pm

FRSX

Foresight Autonomous Holdings Ltd. (FRSX) has signed a multi-phase cooperation agreement with a leading global electric vehicle (EV) Chinese original equipment manufacturer (OEM). The first phase involves a proof of concept project to evaluate Foresight's 3D perception capabilities for possible enhancement of the OEM's current automotive vision solution. Upon successful completion, the parties intend to negotiate a definitive commercial agreement for the joint development, integration, and commercialization of Foresight's technology into the OEM's automotive vision systems.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 1:31 pm

F

Reviver, a technology company specializing in digital license plates, has partnered with Ford Motor Company to offer its RPlate digital license plate as an official accessory. The RPlate will be available at over 300 Ford dealerships in Arizona, California, and Michigan. The digital license plate offers features such as personalized displays, location tracking, and anti-theft measures. This partnership makes Ford the first automaker to offer digital license plate technology to its customers.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 1:30 pm

NIO

NIO Inc. has launched a smartphone designed for use with its electric vehicles, which has more than 30 car-specific functions. The phone will initially be sold only in China from September 28. This news follows NIO's proposal of a $1 billion offering of convertible senior notes due 2029 and 2030, with plans to use some of the proceeds to repurchase existing debt securities. However, some investors fear NIO is taking on too much, leading to a decline in shares.

Portfolio Pulse from Adam Eckert

September 21, 2023 | 1:25 pm

SGML

Sigma Lithium Corporation (NASDAQ:SGML) has announced the shipment of 22,500 tonnes of Triple Zero Green Lithium to Glencore, as part of their joint effort to build a sustainable global lithium supply chain. The company is on track to produce 130,000 tonnes of Triple Zero Green Lithium in 2023. Sigma Lithium has also announced a collaboration with Glencore to create a low carbon, environmentally and socially sustainable global lithium supply chain for electric vehicles.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 1:25 pm

NVAX

Novavax has submitted an application for its monovalent vaccine targeting the XBB 1.5 sub variant to the European Medicines Agency (EMA), according to EMA Director Emer Cooke. The announcement was made during an ECDC press conference.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 1:24 pm