Streetbeat News

Products Services

NRXP

NRx Pharmaceuticals has announced the licensure of a US patent to support the use of NRX-101 for chronic pain. This development could potentially expand the application of NRX-101 beyond its current use.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 10:48 am

GHM

Graham Corporation (GHM) has secured a strategic investment of $13.5 million from a customer to enhance its Batavia production capabilities for complex components.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 10:43 am

NKLA

TSLA

Tesla CEO Elon Musk criticized government funding for hydrogen trucks, calling it 'idiotic' and 'bizarre'. This comes amid discussions surrounding the Hydrogen for Trucks Act, which aims to establish a grant program for heavy-duty fuel cell vehicles powered by hydrogen. Musk has previously expressed skepticism over hydrogen as an efficient fuel source. Meanwhile, Tesla's all-electric heavy-duty semi-truck made its first deliveries to PepsiCo in December last year.

Portfolio Pulse from Anan Ashraf

August 07, 2023 | 10:43 am

AAPL

BTCUSD

NKLA

SHIBUSD

Over the weekend, several significant events occurred including a 26% drop in Nikola Corporation's shares following the departure of its CEO and a poor Q2 report, a 20% rally in the meme cryptocurrency Shiba Inu, and a drop in Apple Inc.'s market value below the $3 trillion mark due to concerns over its Q4 outlook and disappointing sales figures. Additionally, Bitcoin is predicted to potentially surge as long as the support level at $28,000 holds.

Portfolio Pulse from Benzinga Neuro

August 07, 2023 | 10:14 am

MSI

SSNLF

In a folding endurance test, Samsung Electronics Co.’s Galaxy Z Flip 5 outperformed Motorola Solns’ Razr+, surpassing an impressive 267,000 manual folds compared to Razr+'s 126,300 folds. The Galaxy Z Flip 5's performance exceeded the official rating provided by Bureau Veritas, which certified the device for 200,000 folds. The results suggest that Motorola's Razr+ may have durability problems early in its lifespan.

Portfolio Pulse from Ananya Gairola

August 07, 2023 | 10:11 am

MAT

WBD

Mattel Inc has expanded its Barbie The Movie product collection, inspired by the film created in partnership with Warner Bros Discovery Inc. The expanded collection features new looks worn by the film's Barbie and Ken characters, a Weird Barbie doll, and a 4-pack of Hot Wheels Corvettes. The items are available in collectible packaging at retailers nationwide and are priced from $25 to $75. Barbie The Movie has surpassed $1 billion at the global box office.

Portfolio Pulse from Shivani Kumaresan

August 07, 2023 | 9:50 am

SIEGY

Siemens Energy (OTC:SIEGY) reported a $2.4 billion loss due to wind turbine problems in Q3 2023. The company will slow down its new product rollouts following these quality issues. The costs arose from the wind turbine subsidiary, Siemens Gamesa, which had scrapped its profit forecast in June and warned about continuous costly failures. Siemens Energy’s net loss for the year is now estimated to be around 4.5 billion euros. Despite the losses, Siemens Energy reported strong growth in orders and revenues, along with a record order backlog of 109 billion euros in its third-quarter report.

Portfolio Pulse from Benzinga Neuro

August 07, 2023 | 9:22 am

AAPL

A woman used Apple Inc.'s AirTag to locate her daughter's lost bag, contradicting United Airlines' claims about its location. The bag was found at Chicago's O'Hare airport, despite the airline's insistence that it was still in Baltimore. This incident highlights the effectiveness of Apple's AirTag in tracking lost items, despite recent concerns about its potential misuse by stalkers.

Portfolio Pulse from Ananya Gairola

August 07, 2023 | 8:25 am

TSLA

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk announced that the company's 'futuristic' diner in Los Angeles, which will also serve as a supercharger location, is set to open later this year. The idea of a drive-in restaurant was first proposed by Musk in 2018. The diner, described as 'Grease meets The Jetsons', was showcased in an illustration at Tesla's investor day in March, featuring a rooftop patio, drive-in movie screens, and charging ports.

Portfolio Pulse from Anan Ashraf

August 07, 2023 | 6:28 am

MAT

Mattel has announced the expansion of its Barbie The Movie product collection. This move is expected to boost the company's revenues and strengthen its position in the toy market.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 4:58 am