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BNRG

Brenmiller Energy has successfully completed all necessary system tests and operator training, and has officially handed over its first bGen thermal energy storage installation to the State University of New York. This marks a significant milestone for Brenmiller Energy in the deployment of its bGen technology.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:38 pm

BMRN

BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) announced new data on ROCTAVIAN, showing long-term benefits for severe hemophilia A patients. The data, to be presented at the 2024 EAHAD Congress, includes results from a seven-year follow-up Phase 2 study demonstrating durable hemostatic benefits and a 96% reduction in mean annualized bleeding rate. Additional studies on ROCTAVIAN's safety and efficacy, including its use with prophylactic corticosteroids and in participants with FVIII inhibitors, will also be shared.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:36 pm

TENX

Tenax Therapeutics has received a Notice of Allowance from the USPTO for its patent application titled 'LEVOSIMENDAN FOR TREATING PULMONARY HYPERTENSION WITH HEART FAILURE WITH PRESERVED EJECTION FRACTION (PH-HFpEF).' This marks a significant milestone for the company in its efforts to develop treatments for pulmonary hypertension and heart failure.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:34 pm

GM

RIVN

TSLA

UBS

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin remain strong despite market volatility due to rate anxiety. GM recalls over 300,000 trucks for tailgate issues. Janet Yellen highlights crypto risks, urging legislative action. Symbotic reports weak sales, affecting pre-market session. Deutsche Bank retracts US recession forecast. Arm Holdings and Palantir show strong performance, while Alibaba faces a potential further slide. Tesla's market could expand significantly with a new $25K EV. Rivian announces R2 EV launch date. UBS announces a $1B share buyback. China's Orienspace to compete with SpaceX. BP shares surge.

Portfolio Pulse from Akanksha Bakshi

February 06, 2024 | 1:33 pm

QUAD

Quad (NYSE:QUAD), a marketing experience company, has acquired DART Innovation, a provider of in-store digital media solutions. This acquisition enables Quad to offer an integrated purchasing journey across home, online, and in-store environments, enhancing the shopping experience for retailers, consumer packaged goods (CPGs), and consumers. DART's technology allows for targeted ads on digital screens at the point of purchase, promising benefits for retailers, CPGs, and consumers by driving sales and improving the shopping experience. The move is supported by industry data indicating the significant role of in-store retail sales in the U.S. economy.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:33 pm

SIDU

Sidus Space, Inc. has announced the publication of a US patent application for its LizzieSat platform, a significant development in its space technology portfolio. This move could potentially enhance Sidus Space's competitive edge in the aerospace sector.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:32 pm

LLY

Eli Lilly's Q4 2023 earnings surpassed expectations with a 28% Y/Y revenue increase to $9.35 billion, driven by strong sales of Mounjaro and Zepbound. Adjusted EPS was $2.49, beating the $2.19 consensus. The company forecasts FY 2024 sales between $40.4 billion and $41.6 billion, exceeding the consensus of $39.14 billion, with growth primarily from new products. Despite robust demand, Eli Lilly anticipates intermittent delays in fulfilling Mounjaro orders due to manufacturing capacity constraints.

Portfolio Pulse from Vandana Singh

February 06, 2024 | 1:29 pm

AAPL

The third-generation Apple Watch Ultra, featuring a microLED display, has been delayed again to potentially 2027 due to production challenges, particularly the high cost of microLED screens. This marks the third consecutive postponement, with the cost of manufacturing a screen estimated at $150, significantly higher than the current $38. The increased cost could result in a retail price of around $1,500 for the new model, compared to $799 for the current version. The delay is attributed to Apple Inc. not finalizing its component supply chain and the high production costs associated with microLED technology.

Portfolio Pulse from Rounak Jain

February 06, 2024 | 1:27 pm

APPS

Digital Turbine (NASDAQ:APPS) has invested $10M in ONE Store, aiming to bring its SingleTap technology to over 40M+ users in South Korea and to expand ONE Store's app marketplace globally. This strategic partnership is expected to leverage both companies' strengths, enhancing ONE Store's international market penetration and app store business. The investment underscores the potential of ONE Store, following previous investments from Microsoft, Deutsche Telekom Capital Partners, and Krafton.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:24 pm

EVLV

Evolv Technology (NASDAQ:EVLV) has been chosen as the preferred technology provider for patron screening by ASM Global, a leading venue management company. This partnership highlights Evolv's leadership in AI-based security screening and ASM Global's commitment to enhancing guest experiences across its global network of prestigious venues. Evolv's flagship product, Evolv Express, is already in use at 10 ASM Global venues in North America, improving safety and efficiency. The collaboration has shown positive results, including an 11% increase in arrival efficiency and a 13-point increase in NPS score at venues using Evolv Express.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:20 pm