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FSR

Fisker Inc. has announced that deliveries of its Fisker Ocean electric SUV have begun. The vehicle, which can be ordered online or through the Fisker App, boasts the longest EV range of any Electric SUV at 360 miles.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 2:04 pm

BLKB

Blackbaud (NASDAQ:BLKB), a software provider for social impact, has announced a strategic investment in Momentum, an AI-focused partner. This investment is part of Blackbaud's Intelligence for Good strategy, aiming to increase the availability of AI-enabled partner solutions. Momentum's integration with Blackbaud Raiser's Edge NXT allows Blackbaud customers to optimize their fundraising and stewardship processes. Customers using Momentum have seen a 400% increase in personalized touchpoints and an average of $60,000 per month in increased donations.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 2:03 pm

AMZN

GOOG

GOOGL

MSFT

Amazon's stock is trading higher as investors anticipate updates on the company's cloud business and ad revenue growth ahead of its Q2 earnings release. Investors are comparing Amazon Web Services (AWS) with Microsoft and Google's cloud businesses, which recently reported slowed growth. Amazon's ad business is also in focus, with expectations of an increase to $10.3 billion in Q2. The company also plans to double its U.S. same-day delivery facilities in the coming years.

Portfolio Pulse from Anusuya Lahiri

July 31, 2023 | 2:02 pm

BAX

The FDA has reported that Baxter International Inc. has made a correction due to an increase in false upstream occlusion alarms following software upgrades in Spectrum V8 & IQ Infusion Pumps.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 1:48 pm

BAX

The FDA has announced that Baxter International Inc. has issued an urgent medical device correction for its Spectrum V8 and Spectrum IQ infusion pumps with specific software versions. Baxter has received three reports of serious injury potentially associated with the device correction.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 1:48 pm

NVO

Novo Nordisk's weight-loss drug, Wegovy, has launched in Germany, marking its first significant European market entry. The drug is already available in the U.S., Norway, and Denmark. Despite concerns about supply constraints, the company expects German consumers to cover the drug's expenses as public health insurance cannot cover it. The launch is seen as a positive development given Germany's adult obesity rate of 18.5%, higher than the EU average.

Portfolio Pulse from Vandana Singh

July 31, 2023 | 1:45 pm

BAYRY

REGN

Regeneron Pharmaceuticals announced two-year results from the PHOTON trial of aflibercept 8 mg, showing that fewer injections maintain vision and anatomic improvements in diabetic macular edema patients. The trial met its primary endpoint last year with aflibercept 8 mg patients achieving clinically equivalent vision gains to Eylea. Aflibercept 8 mg is being jointly developed by Regeneron and Bayer AG.

Portfolio Pulse from Vandana Singh

July 31, 2023 | 1:43 pm

JBHT

NKLA

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) plans to buy 13 zero-emission Class 8 trucks from Nikola Corp (NASDAQ:NKLA) as part of its goal to reduce carbon emission intensity by 32% by 2034. The order includes ten battery-electric and three hydrogen fuel-cell electric vehicles, expected to be delivered in August 2023. The trucks will be used in key routes in the Los Angeles and Phoenix areas. Nikola's hydrogen subsidiary will provide the hydrogen and fueling infrastructure.

Portfolio Pulse from Lekha Gupta

July 31, 2023 | 1:42 pm

GNE

Genie Energy Ltd. (NYSE:GNE) announced that its subsidiary, Genie Solar, has received the notice to proceed for a 6.25-megawatt community solar farm in Lansing, New York. The project, which will include approximately 14,000 solar panels on nearly 20 acres, is expected to supply electricity to around 1,000 local homes once operational. The project is scheduled for completion in 2024, with the start of power generation contingent upon testing of the interconnection and final approval from the regional utility, New York State Electricity and Gas (NYSEG).

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 1:39 pm

NIO

Shares of NIO Inc (NYSE:NIO) are trading higher, adding to gains of over 25% in the last week. This follows UBS's increase in its price target for the stock as NIO continues to expand its charging station network. NIO recently opened its 1,600th power swap station in China and plans to have 2,300 stations open by year-end. The company believes more power swap stations will lead to increased revenue.

Portfolio Pulse from Adam Eckert

July 31, 2023 | 1:36 pm