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PTCT

PTC Therapeutics, Inc. (NASDAQ:PTCT) received a negative opinion from the CHMP regarding the renewal of the conditional marketing authorization for Translarna, a treatment for Duchenne Muscular Dystrophy. The European Commission will decide on the opinion within 67 days. The CEO expressed disappointment, noting the lack of alternative therapies for patients in Europe.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:36 pm

ALSN

OSK

Allison Transmission has been chosen by Oshkosh Corporation to supply electric axles for North America's first fully integrated, zero-emission electric refuse collection vehicle. The Allison eGen Power 100S e-Axles will be used in the McNeilus Volterra ZSL electric refuse vehicle, offering environmental benefits and quieter operation. Oshkosh selected Allison for its performance, efficiency, reliability, and customer support network. This marks the first implementation of eGen Power electric axles in refuse collection vehicles, reinforcing Allison's leadership in the North American refuse market.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:34 pm

SPI

SPI Energy Co., Ltd. (NASDAQ:SPI) has updated its fiscal 2023 revenue guidance to $204M-$214M due to solar project development sales being delayed into 2024. Despite this, the company remains confident in its profitability and growth, citing strong performance in its Australian and New Zealand solar and battery distribution business, profitable US solar module manufacturing operations, progress in solar project development in Massachusetts, Hawaii, and Oregon, and successful independent solar power production in Greece, Italy, and the UK.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:33 pm

AXON

Axon (NASDAQ:AXON) has launched Axon Body Workforce, a new body camera for frontline workers in retail and healthcare. Trials show a significant reduction in incident escalations, with one retailer reporting a 53% reduction. The camera integrates with Axon's real-time operations and evidence management technology. Axon's technology is now used in 33% of U.S. hospitals, and the company plans to continue partnerships to enhance frontline worker safety.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:31 pm

ES

ORSTED.CO

Ørsted and Eversource have submitted a new proposal for the Sunrise Wind project in response to New York's offshore wind solicitation. The updated project, delivering up to 924 megawatts of clean energy, is expected to complete in 2026 and is crucial for New York's renewable energy goals. Ørsted aims to become the sole owner of Sunrise Wind if the re-bid is successful, acquiring Eversource's 50% share. The project has secured major supplier and labor agreements, with final federal permits anticipated this summer. It has broad support and is making significant investments in New York's offshore wind workforce and supply chain.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:19 pm

EVTV

Envirotech Vehicles (EVTV) has been awarded an $8.57 million grant from the EPA's Clean School Bus Program to supply 25 fully electric school buses. This grant is part of a broader initiative to reduce greenhouse gas emissions and promote the use of electric vehicles in school transportation.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:18 pm

MSFT

Analysts from Piper Sandler and Oppenheimer maintain positive outlooks on Microsoft Corp (NASDAQ:MSFT), citing strong growth in Azure and potential in AI innovations. Piper Sandler's Brent A. Bracelin has an Overweight rating with a price target of $455, highlighting Azure's potential to reach $95 billion in revenue within two years and O365's growth. Oppenheimer's Timothy Horan, with an Outperform rating and a $410 price target, emphasizes Microsoft's full-stack AI capabilities and the importance of the upcoming quarterly report on January 30 to gauge progress in AI monetization.

Portfolio Pulse from Anusuya Lahiri

January 25, 2024 | 9:17 pm

LLY

NVO

Eli Lilly's diabetes and weight management drug Mounjaro, known as tirzepatide, has been approved by the UK's MHRA for use with a prefilled injection pen called Mounjaro KwikPen. The approval comes as the UK faces shortages of Novo Nordisk's Ozempic, a similar medication. Mounjaro KwikPen is indicated for adults with type 2 diabetes and for weight management in obese or overweight adults with related health issues. Eli Lilly plans to expand Mounjaro's availability and manufacturing capacity.

Portfolio Pulse from Vandana Singh

January 25, 2024 | 9:12 pm

AAPL

AMZN

Apple Music is increasing royalties for music available in Spatial Audio by 10% to incentivize higher quality content and fair compensation for artists. This change, effective from a Jan. 22 update, applies even if subscribers don't listen in Spatial Audio format. Over 90% of Apple Music listeners have experienced Spatial Audio, with a significant increase in plays and available songs since its launch in June 2021. Amazon Music Unlimited also offers Spatial Audio, while Spotify may introduce a premium tier with high-quality music and AI playlist features.

Portfolio Pulse from Franca Quarneti

January 25, 2024 | 8:49 pm

AMZN

Amazon's Twitch has announced updates to its streamer payout programs, which include expanding the Twitch Partner Plus Program, removing the $100,000 cap on the 70/30 revenue split, and adopting a fixed rate model for Prime Gaming subscriptions. These changes aim to improve creators' earnings and ensure Twitch's long-term sustainability.

Portfolio Pulse from Franca Quarneti

January 25, 2024 | 8:45 pm