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TSLA

The UK registered an electric vehicle every 60 seconds in July, with registrations jumping 87.9%, according to the Society of Motor Manufacturers and Traders (SMMT). Gas vehicles remain the most popular fuel choice. The Ford Puma was the bestseller last month, while Tesla's Model Y was the tenth bestseller. SMMT expects the popularity of EVs to further accelerate, reaching one BEV registered every 50 seconds by year-end.

Portfolio Pulse from Anan Ashraf

August 07, 2023 | 1:24 pm

PYPL

PayPal Holdings Inc. (NASDAQ:PYPL) has announced the launch of a new U.S. dollar-denominated stablecoin, PayPal USD (PYUSD). The digital coin, issued by Paxos Trust Co., is underpinned by U.S. dollar deposits, short-term Treasuries, and other cash equivalents. PayPal anticipates that PYUSD will initially find prominence in the crypto and Web3 domains, serving as a medium for trading various digital currencies and facilitating in-game transactions. The coin will soon be integrated into PayPal’s widely-used app, Venmo.

Portfolio Pulse from Piero Cingari

August 07, 2023 | 1:24 pm

MU

Micron Technology has announced the availability of its CZ120 memory expansion modules to customers and partners. The modules, which come in 128GB and 256GB capacities, are designed to augment standard server systems when additional memory capacity and bandwidth is needed. The modules use Compute Express Link (CXL) standards and support the CXL 2.0 Type 3 standard. Micron has been developing and testing the modules on both Intel and AMD platforms. The modules allow servers to have more memory capacity and low latency, which can reduce capital and operating expenses for data center applications.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 1:16 pm

GEVO

Gevo, Inc. (NASDAQ:GEVO) has reached a key milestone for a $950 million loan guarantee from the U.S. Department of Energy (DOE) for its Net-Zero 1 ethanol-to-jet project. The project has been invited to the due diligence and term sheet negotiation phase under the Title 17 Clean Energy Financing Program. This signifies the commencement of the underwriting phase for the debt financing process. However, this invitation does not guarantee that the DOE will issue a loan guarantee.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 1:15 pm

LIQT

LiqTech International, Inc. (NASDAQ:LIQT) has announced the receipt and delivery of a pilot unit order to supply its advanced filtration system for phosphoric acid purification in China to its distribution partner, Silicon Filter. The two companies entered into a distribution agreement in April 2023 to address the market opportunity in China. The pilot unit will help Silicon Filter demonstrate LiqTech's ultrafiltration technology to its customers.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 1:12 pm

AIRG

Airgain has expanded its line of 5G antennas with the launch of the new RECON13 Ultra-Low-Profile Rugged Antenna. This new product is expected to enhance the company's offerings in the 5G market.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 1:10 pm

VNT

Vontier Corporation's (NYSE:VNT) subsidiary, Veeder-Root, has received approval from the California Air Resources Board (CARB) for its TLS-450PLUS Automatic Tank Gauge (ATG). The certification allows California fuel retailers to upgrade their ATG systems to the latest technology while staying compliant with all In-Station Diagnostic (ISD) performance requirements. The TLS-450PLUS platform offers additional capabilities that improve operational efficiency, enhance network security, and lower cost of ownership.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 1:10 pm

ATNF

180 Life Sciences has announced an agreement for a clinical pharmacology study testing a new formulation of CBD for enhanced oral uptake. This could potentially lead to new product developments and revenue streams for the company.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 1:09 pm

PYPL

PayPal has announced the launch of a U.S. dollar-denominated stablecoin, PayPal USD (PYUSD), which is fully backed by U.S. dollar deposits, short-term U.S. treasuries, and similar cash equivalents. The stablecoin, issued by Paxos Trust Company, can be redeemed 1:1 for U.S. dollars and will be available to consumers, merchants, and developers. It is designed to reduce friction for payments in virtual environments, facilitate fast transfers of value, and foster the expansion into digital assets.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 1:09 pm

TYGO

Tigo Energy's solar safety technology has been used to protect a 19 MW floating solar system installed by Belectric in Israel. The system uses Tigo's rapid shutdown solution paired with Pure Signal™ technology, ensuring safety and reliability for commercial and industrial solar installations.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 1:07 pm