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CENN

Cenntro Electric Group's Q1 2023 revenue increased by 90% YoY to $3.5M, attributed to higher average selling prices and an expanded go-to-market strategy. The company commenced production of several electric commercial trucks at new facilities in Jacksonville, FL, and Howell, NJ. It also started assembly and production of battery packs using lithium iron phosphate battery cells and proprietary battery management technologies. Despite these developments, the company's sales volume decreased by 14.6% YoY, and it reported a net loss of $11.0M for Q1 2023.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 8:36 pm

ALSN

Allison Transmission (ALSN) is partnering with the Indianapolis Public Transportation Corporation (IndyGo) to expand its fleet of electric hybrid buses. The project is funded by a $19 million grant from the Federal Transit Administration. The new buses, equipped with Allison's eGen Flex electric hybrid propulsion system, will replace older vehicles, reducing emissions and improving air quality and service reliability.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 8:34 pm

NAMS

NewAmsterdam Pharma (NASDAQ:NAMS) has completed patient enrollment in the Phase 3 BROADWAY clinical trial evaluating obicetrapib, a non-statin medicine for patients at high risk of cardiovascular disease. The trial exceeded its target enrollment of 2,400 subjects due to strong interest, with over 2,500 patients expected to be randomized. Topline data is expected in the second half of 2024. The trial aims to evaluate the effect of obicetrapib on LDL-C levels and other lipid parameters predictive of cardiovascular disease risk.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 8:29 pm

IOVA

Iovance Biotherapeutics, Inc. (NASDAQ:IOVA) will present clinical and preclinical data for its tumor infiltrating lymphocyte (TIL) therapies at the IASLC 2023 World Conference on Lung Cancer. The presentations will include a multicenter phase II trial of LN-145 TIL cell therapy plus pembrolizumab in patients with ICI-naïve metastatic NSCLC and the successful generation of TIL for adoptive cell therapy from mesothelioma.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:27 pm

AMZN

DISH

Dish Network Corp. is reportedly planning to sell its premium mobile service on Amazon.com Inc.'s platform, according to Bloomberg. The specifics of the deal, including the financial terms, are not yet known.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:22 pm

ERIC

INTC

Intel and Ericsson have expanded their collaboration to advance next-generation optimized 5G infrastructure. As part of the agreement, Intel will manufacture custom 5G SoCs (system-on-chip) for Ericsson to create highly differentiated leadership products for future 5G infrastructure.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:18 pm

AMRN

Amarin Corporation's drug VAZKEPA has received a positive recommendation from Spain's Drug Pricing Committee for national reimbursement. This marks the final step in the reimbursement process in Spain, following months of negotiations between the Spanish Ministry of Health, regional authorities, and Amarin. The company expects eligible cardiovascular patients to be able to access VAZKEPA under national reimbursement from September 1, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:15 pm

SNAP

Snap Inc. expects Q3 revenue to be between $1.07B and $1.13B, compared to an estimate of $945.95M. The company anticipates DAU to reach 405 million to 406 million in Q3. The guidance range reflects the company's ongoing transition in its advertising platform and limited visibility of advertising demand. Adjusted EBITDA is estimated to be between negative $50 million and negative $100 million due to investments in ML, AI, and other infrastructure.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:13 pm

GOOG

GOOGL

The article discusses the evolution of Search and the improvement of services. It mentions that there are fifteen products that each serve half a billion people, and six that serve over two billion each, indicating significant opportunities for growth.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 8:04 pm

GOOG

GOOGL

Sundar Pichai, CEO of Alphabet and Google, has expressed excitement about the momentum across their products and the company, attributing it to strong results in the recent quarter. He credits the company's leadership in AI and excellence in engineering and innovation as key drivers.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 8:03 pm