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TNP

TEN Ltd. (NYSE:TNP) has sold a 2005-built suezmax tanker, Eurochampion 2004, adding approximately $40 million to its cash balances. The company also completed the delivery of two LNG-powered aframax tankers, Chios DF and Ithaki DF, as part of its dual-fuel renewal program. These actions are in line with TEN's strategy for fleet renewal, combining vessel divestments with acquisitions of eco-friendly ships on long-term contracts. The company is exploring further growth opportunities and strategic sales for a seamless fleet transition.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:22 pm

MULN

Mullen Automotive, Inc. has delivered and invoiced 130 additional Class 1 EV cargo vans to Randy Marion Automotive Group for $4,372,550. This brings the total delivered to 230 vans out of the initial 1,000 vehicle order, totaling $7,736,150 in invoices. The Mullen ONE vans are designed for last-mile delivery with a 110-mile range and are produced in Tunica, Mississippi. The company anticipates a strong year for its commercial EV efforts.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:16 pm

PHVS

Pharvaris shares have risen following the FDA's decision to lift the clinical hold on the IND application for deucrictibant, a prophylactic treatment for HAE attacks. This decision came after a review of data from a 26-week rodent toxicology study.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:12 pm

GFS

IFNNY

Infineon Technologies AG and GlobalFoundries have extended their long-term agreement to supply AURIX™ TC3x 40 nanometer automotive microcontrollers, power management, and connectivity solutions. This partnership, which began in 2013, focuses on automotive, industrial, and security semiconductor technology. The agreement secures additional capacity for Infineon's business growth from 2024 to 2030 and supports the transition towards autonomous, connected, and electrified vehicles. The collaboration emphasizes the importance of a resilient supply chain and innovation in the automotive industry.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:06 pm

CE

UA

Celanese Corporation (CE) and Under Armour, Inc. (UA, UAA) have developed NEOLAST™, a new fiber for performance stretch fabrics. NEOLAST™ offers enhanced stretch performance and sustainability, addressing challenges with recycling elastane. The fiber is produced using a solvent-free process and recyclable elastoester polymers, aiming to improve fabric recyclability in a circular economy. Both companies are exploring further applications and making the fiber available to the broader apparel industry.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:05 pm

SONY

Sony Electronics Inc. has announced the continuation of its partnership with SQUARE ENIX for the launch of FINAL FANTASY VII REBIRTH, with Sony BRAVIA XR TVs being the official gaming TV for the game.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:04 pm

TOON

Kartoon Studios (NYSE:TOON) plans to increase content production in 2024, aiming for sustained profitability. Initiatives to boost revenue and streamline operations are cited as key factors. The company's streaming service, Kartoon Channel!, achieved breakeven in 2023 and is expected to be profitable in 2024. New series and movies are in the pipeline, including original IP from Stan Lee Universe. Gregg Goldin, with experience from DreamWorks Animation and Cartoon Network, is appointed as Senior Vice President, Development & Production.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:04 pm

VIRI

Virios Therapeutics is progressing the development of IMC-2 for treating symptoms associated with Long-COVID. This move could potentially address the needs of patients suffering from persistent symptoms after recovering from the initial COVID-19 infection.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:03 pm

COCH

Envoy Medical, Inc. (NASDAQ: COCH), a company specializing in fully implanted hearing systems, has been awarded three additional patents, signaling its commitment to innovation in the hearing health industry. The patents cover various aspects of cochlear implant systems, including signal analysis, electrode impedance diagnostics, and integrated components. CEO Brent Lucas expressed optimism for 2024, highlighting upcoming milestones such as the next phase of clinical investigation for their cochlear implant system.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:03 pm

RTX

Pratt & Whitney Canada, a business of RTX (NYSE:RTX), has unveiled a new high voltage bidirectional mobile charging unit (MCU) for its hybrid-electric flight demonstrator project. The MCU, developed with the National Research Council of Canada and the Innovative Vehicle Institute, can charge batteries at up to 1500 volts and deliver up to 280 kW. It supports the Megawatt Charging System standards and is critical for electric and hybrid-electric aircraft. The charger's bidirectional capability allows for energy recycling back into the grid. RTX's hybrid-electric propulsion system, which will use batteries charged by this MCU, aims for a 30% improvement in fuel efficiency and reduced CO2 emissions, aligning with the industry's net-zero CO2 emissions goal by 2050.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:02 pm