Streetbeat News

Products Services

INVZ

Innoviz Technologies Ltd. (NASDAQ:INVZ) has issued an open letter to its shareholders following its recently-completed underwritten public offering of ordinary shares. The letter highlights the company's strong operational execution and recent customer wins. Innoviz is currently participating in over five active RFQ sourcing processes with major automotive OEMs. The company believes it is in a once-in-a-lifetime market share capture window for the automotive LiDAR industry and that the additional cash from the offering will increase its chances of securing further customer wins.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:31 pm

MSI

Motorola Solutions (NYSE:MSI) has signed a contract with the Ministry of the Interior of the German federal state of Saxony-Anhalt to deploy VB400 body-worn cameras and VideoManager evidence management Software. The cameras will be used by police officers to increase safety and transparency, and the software will help manage video footage. The deployment marks the beginning of a wider roll-out to nearly all operational frontline teams in Saxony-Anhalt.

Portfolio Pulse from Shivani Kumaresan

August 16, 2023 | 1:17 pm

SILC

Silicom has launched a new high-end edge product line and announced an initial order worth $3.5M. The company is currently in discussions and proofs of concept with AI, cybersecurity, SASE, and additional prospects.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 1:16 pm

AZN

MRNA

NVO

Chinese pharmaceutical companies are developing local versions of advanced weight-loss medications, aiming to compete with Novo Nordisk A/S. The new drugs could offer more affordable alternatives in Western markets. Western pharmaceutical companies, including Moderna Inc and AstraZeneca plc, are expanding their presence in China to leverage opportunities from the aging population. Novo Nordisk's Wegovy is expected to receive Chinese approval soon.

Portfolio Pulse from Vandana Singh

August 16, 2023 | 1:15 pm

HWKN

The trū® Shrimp Companies, Inc. has appointed Hawkins, Inc. (NASDAQ:HWKN) as the exclusive distributor of its trū® Chitosan products in the United States' pharmaceutical and medical device industries. trū Chitosan is derived from the exoskeletons of trū Shrimp's production of consumer shrimp and is used for numerous pharmaceutical and medical applications.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:15 pm

AAPL

Apple Inc. (NASDAQ:AAPL) is expected to equip the iPhone 15 with a USB-C port that supports data transfer speeds of up to 40 Gbps, nearly 80 times faster than the current iPhone 14 models. The USB-C port is powered by a Thunderbolt/USB 4.0 Retimer chip. The iPhone 15 Pro models are also expected to feature a titanium design and an Action Button borrowed from the Apple Watch Ultra. The Pro models will likely use the A17 Bionic chipset, while the non-Pro models will use the A16 Bionic chipset.

Portfolio Pulse from Rounak Jain

August 16, 2023 | 1:14 pm

ACHR

Archer has received a Special Airworthiness Certificate from the Federal Aviation Administration (FAA) for its Midnight aircraft, allowing it to begin flight test operations. The FAA has also started approving certification plans for Archer's production aircraft, which will enable Archer to begin piloted testing of Midnight in early 2024. The aircraft is expected to be the first-ever eVTOL to be delivered to a customer under Archer's recently announced AFWERX contracts worth up to $142M.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 1:12 pm

SEMR

Semrush has partnered with Google Ads to launch a new tool, Ads Launch Assistant, aimed at simplifying the advertising experience. The AI-powered app allows users to easily set up Google Ads campaigns, analyze performance, and maximize advertising efforts. Users can also receive a $500 ad credit after spending $500 on their first Google Ads campaign launched via the app.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:11 pm

NTRA

Natera, Inc. (NASDAQ:NTRA) has received confirmation that its Prospera Lung transplant assessment test has met coverage requirements from the Centers for Medicare & Medicaid Services' (CMS) Molecular Diagnostics Services Program (MolDX). The test, which helps detect acute rejection in lung transplant patients, will be covered under the existing Medicare Local Coverage Determination for Molecular Testing for Solid Organ Allograft Rejection. The decision is expected to increase access to the test, which has already been used by nearly 50% of the top 50 transplant centers.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:09 pm

IMMX

Immix Biopharma, Inc. has announced that additional clinical data for NXC-201, a treatment for relapsed/refractory AL Amyloidosis, has been selected for oral presentation at the 20th International Myeloma Society Annual Meeting in September 2023. The company is making progress in providing new treatment options for patients with this condition. The Amyloidosis market was valued at $3.6 billion in 2017 and is expected to reach $6 billion in 2025.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:07 pm