Streetbeat News

Products Services

EFSH

1847 Holdings LLC (NYSE:EFSH) has announced that its subsidiary, Wolo Manufacturing Corp., has expanded into India through the company's supply chain diversification program. The move is aimed at building a more resilient and sustainable supply chain for 1847's portfolio companies. Wolo is a leading manufacturer and distributor of vehicle horns and safety products.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 12:35 pm

AMZN

Amazon's One Medical CEO, Amir Dan Rubin, is stepping down and will be succeeded by COO Trent Green. This comes after Amazon's acquisition of One Medical in 2022. Amazon has been venturing into healthcare with acquisitions like PillPack and the launch of Amazon Clinic. Despite opposition and obstacles, Amazon continues to push into healthcare, launching an affordable healthcare subscription service and pharmacy discounts for diabetes patients.

Portfolio Pulse from Anusuya Lahiri

September 01, 2023 | 12:35 pm

CARM

Carisma Therapeutics Inc. (NASDAQ:CARM) has announced the latest data from its Phase 1 clinical trial of CT-0508, a treatment for advanced/metastatic HER2 overexpressing cancers. The data supports the primary safety and feasibility endpoints of single-day bolus dosing of CT-0508. The company will present these findings at the 8th Annual CAR-TCR Summit. The trial is led by Kim A. Reiss, MD, and the data was presented by Michael Klichinsky, PharmD, PhD, Co-Founder and Chief Scientific Officer at Carisma.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 12:34 pm

FSR

TSLA

Fisker Inc. has provided more details about its latest EV, the Fisker PEAR, which includes a unique 'Houdini' trunk designed for urban living. The trunk slides down behind the rear bumper, allowing owners to load and unload cargo in tight city parking spaces. The car also features a drawer-like front boot and two battery options, offering ranges up to 320 km or 560 km. Fisker plans to make the PEAR carbon neutral by 2027 and start manufacturing and deliveries in July 2025.

Portfolio Pulse from Ramakrishnan M

September 01, 2023 | 12:31 pm

RHHBY

Roche Holdings AG announced that its Phase 3 ALINA study evaluating Alecensa, compared with platinum-based chemotherapy, met its primary endpoint of disease-free survival. Alecensa demonstrated a significant improvement in disease-free survival as adjuvant therapy in people with completely resected stage IB anaplastic lymphoma kinase-positive non-small cell lung cancer. The drug is now approved in over 100 countries as an initial treatment for ALK-positive, metastatic NSCLC, including in the United States, Europe, Japan, and China.

Portfolio Pulse from Vandana Singh

September 01, 2023 | 12:15 pm

EOSE

Eos Energy has announced 'Project AMAZE,' a $500 million program aimed at addressing long-duration energy storage demand. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 12:14 pm

CNTG

Centogene has announced data confirming the utility of Lyso-Gb1 as a sensitive biomarker for Gaucher Disease. The findings from the study also indicate that Lyso-Gb1 could help to predict clinical course and improve personalized care.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 12:03 pm

WIMI

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) has developed a multi-objective 3D modeling and reconstruction system based on artificial intelligence techniques. The system is characterized by high scalability, ease of use, and multifunctionality. It includes point cloud data acquisition, data preprocessing, feature point extraction, and mesh reconstruction. The system also supports functions such as 3D visualization, object recognition, and 3D reconstruction. The development of this system promotes the innovation of AI technology in the field of 3D image processing.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 12:00 pm

PRZO

ParaZero Technologies has developed a new AI-based safety and awareness system for commercial drones and urban air mobility aircraft. The system is designed to enhance safety and situational awareness for operators and regulators.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 11:49 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares edged up 0.23% in premarket trading despite the company's steep price cuts in the US. The company launched the refreshed Model 3, made in Giga Shanghai, and available for purchase in several countries. Tesla also reduced the prices of its Model S and X in the U.S. by 15.3% to 18.8%, and its full self-driving software from $15,000 to $12,000. Tesla investor Gary Black commented that the net margin impact of these price cuts is likely to be negligible when offset with the Model 3 price hike.

Portfolio Pulse from Shanthi Rexaline

September 01, 2023 | 11:37 am