Streetbeat News

Products Services

NOC

Northrop Grumman Corporation (NYSE:NOC) has delivered two major components of the Arctic Satellite Broadband Mission (ASBM) and has started the next phase of pre-launch preparations. The ASBM is a combined effort between the U.S. Space Force, Space Norway and Northrop Grumman. The satellites also carry multiple hosted payloads, including an X-Band payload for the Norwegian Ministry of Defense, a Ka-Band payload for Inmarsat and the Norwegian Radiation Monitor payload commissioned by the European Commission.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 2:35 pm

AAPL

PYPL

RTX

SAGE

UBS

YELL

PayPal has launched a USD-backed stablecoin, PYUSD, issued by Paxos Trust Co. The FDA approved Sage Therapeutics and Biogen's Zurzuvae for postpartum depression but rejected it for major depressive disorder. Yellow Corp has filed for bankruptcy. RTX's subsidiary Pratt & Whitney is recalling jet engines, affecting airlines globally. Apple is hiring for roles in generative AI. Credit Suisse plans to cut 80% of its Hong Kong-based investment banking staff. Sohu.com, Tyson Foods, Gogo, and BioNTech reported declines in their recent earnings, while TreeHouse Foods, Henry Schein, and Elanco Animal Health reported growth.

Portfolio Pulse from Vandana Singh

August 07, 2023 | 2:34 pm

MSFT

Microsoft is expanding its AI-powered Bing Chat to all mobile browsers, after initially restricting it to its own Edge browser and separate mobile apps. The company has seen nine consecutive quarters of growth on Edge, likely due to Bing Chat being locked to its own browser. Over 1 million chats have been conducted on Bing Chat and over 750 million images have been generated using the service. Windows Copilot, powered by Bing Chat, is also expected to roll out to all Windows 11 users later this year.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 2:23 pm

ATNF

180 Life Sciences Corp. (NASDAQ:ATNF) has partnered with professors from the Hebrew University and Hadassah Hospital to conduct a pharmacokinetic study on the uptake of CBD in a new oral formulation. The study aims to address the issue of low and unpredictable uptake of CBD when delivered orally. The new formulation, developed by the team, has shown promising results in preliminary testing on rats. The human study will be conducted at Hadassah Hospital. 180 Life Sciences shares were trading 12.07% higher at $0.919 per share.

Portfolio Pulse from Vuk Zdinjak

August 07, 2023 | 1:48 pm

GMVD

G Medical Innovations Holdings Ltd. (NASDAQ:GMVD) has reported significant milestones and is on track for revenue growth and profitability. The company has seen growth in its monitoring services and is preparing to launch its 'At Home Test Kits' business unit. The company has also announced collaboration agreements with AdventHealth and Memorial Hermann Health Systems for its Remote Health Monitoring devices and services. The company is also planning to launch new products and services, including a blood pressure watch and Oxygen saturation watch, in Q4 2023.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 1:46 pm

EPOW

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) announced that it has delivered 3,000 metric tons of graphite anode to customers in July, setting a new record for monthly shipment. The company's key customers include global top ten manufacturers of power batteries and energy storage batteries, such as BYD Company Limited and Zhejiang Narada Power Source Co.,Ltd. Sunrise expects a significant revenue increase in the second half of this year.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 1:45 pm

BILL

INTU

Intuit is launching a competing bill pay service, which will not renew its agreement with Bill.com. Customers using QuickBooks Online will have to access bill pay features through Bill.com.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 1:42 pm

PYPL

PayPal has announced the launch of its payment stablecoin, following the passing of the Clarity for Payment Stablecoins Act by the House Financial Services Committee. The Act identifies regulatory paths for approving and regulating stablecoin issuers while ensuring robust protections for consumers. The Chairman of the House Financial Services Committee, Patrick McHenry, emphasized the importance of clear regulations and robust consumer protections for enabling stablecoins to achieve their full potential.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 1:33 pm

BNOX

VTGN

Bionomics Limited's shares are being closely watched due to the company's product for social anxiety disorder, which is similar to that of VTGN. VTGN's stock has recently surged by 2,000%.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 1:31 pm

VTGN

Vistagen Therapeutics Inc (NASDAQ:VTGN) announced positive results from its Phase 3 PALISADE-2 trial of fasedienol (PH94B) nasal spray for social anxiety disorder (SAD). The trial met its primary and secondary endpoints, demonstrating a statistically significant difference in average SUDS score during a public speaking challenge compared to placebo. The company's stock price surged by 1142.3% in premarket trading following the announcement.

Portfolio Pulse from Vandana Singh

August 07, 2023 | 1:30 pm