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CYN

Cyngn, a developer of autonomous vehicle technologies, has been granted a new US patent for its AI-powered systems. This patent strengthens Cyngn's intellectual property portfolio and may enhance its competitive position in the autonomous vehicle market.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 12:06 pm

GRCL

Gracell Biotechnologies has received FDA clearance for its Investigational New Drug (IND) application, allowing it to proceed with a Phase 1 trial in the U.S. for GC012F, a treatment for early-line multiple myeloma.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 12:04 pm

VSTM

Verastem Oncology (NASDAQ:VSTM) has announced its strategic priorities for 2024, focusing on the advancement of its clinical programs for RAS pathway-driven cancers. The company is dedicated to developing new cancer treatments and has highlighted upcoming catalysts for its drugs Avutometinib and Defactinib, as well as its broader pipeline.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 12:04 pm

TNXP

Tonix Pharmaceuticals has received conditional acceptance from the FDA for 'Tonmya' as the trade name for its drug TNX-102 SL, which is designed for the management of fibromyalgia.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 12:03 pm

EVEX

HON

Eve Air Mobility has announced four suppliers for its eVTOL aircraft: Thales for air data solutions, Honeywell for guidance and navigation systems, RECARO Aircraft Seating for seats, and FACC for the tail components including rudder and elevator.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 11:55 am

GSK

GSK plc (NYSE:GSK) received marketing authorization from the European Commission for Omjjara (momelotinib), a treatment for splenomegaly or symptoms in adult patients with certain types of myelofibrosis. GSK is also seeking EMA approval to expand the use of its RSV vaccine to adults aged 50-59.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 11:38 am

BIOL

Biolase, Inc. reported its full-year 2023 interim revenue to be between $48.9M and $49.2M, marking a 1% year-over-year increase, which is in line with the consensus estimate of $49.21M. The company saw a significant adoption of its Waterlase dental laser, with 71% of its U.S. sales coming from new customers. Biolase also reported a 45% sales conversion rate in 2023, attributing success to its Waterlase Trial Program. Additionally, the company achieved a record increase in consumable sales, up by approximately 20% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 11:35 am

TSLA

Tesla Inc's (NASDAQ:TSLA) Fremont factory has been recognized as the most productive factory in North America for the third year in a row, producing nearly 560,000 vehicles in 2023. This achievement was highlighted by Tesla executives and CEO Elon Musk, who praised the factory's transformation from a derelict facility to a leading production site. The factory, which was acquired from Toyota for $42 million in 2010 after GM's bankruptcy, now has a capacity of 650,000 units including premium and lower-end Tesla models.

Portfolio Pulse from Anan Ashraf

January 29, 2024 | 11:28 am

LZM

LifeZone Metals (LZM) has announced the discovery of additional high-grade nickel mineralization at the Safari Link area of its Kabanga Nickel Project in Tanzania. This discovery could potentially enhance the project's value and prospects.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 11:11 am

AAPL

GS

Apple Inc. (AAPL) has increased the APY for its Apple Card Savings Account to 4.50%, up from 4.35%. This is the third hike since December, with previous rates at 4.15% and 4.25%. The account, in partnership with Goldman Sachs (GS), allows users to earn interest on deposits up to $250,000. The rate now matches that of Marcus by Goldman Sachs. Apple also offers exclusive subscription deals for Apple Card users but reminds them that interest is taxable with 1099-INT forms.

Portfolio Pulse from Benzinga Neuro

January 29, 2024 | 11:07 am