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GEVO

Gevo Inc. has signed a Master Services Agreement with McDermott for the development of sustainable aviation fuel facilities. The agreement will allow Gevo to leverage McDermott's expertise in engineering and construction to build facilities that will produce sustainable aviation fuel and other renewable hydrocarbon products.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 1:07 pm

NKLA

Nikola Corp's shares are trading lower after one of its trucks, which had caught fire last month, reignited. The company had kept the damaged trucks at its headquarters for safety monitoring and ongoing investigations. Nikola is expected to report a loss of 22 cents per share on revenue of $15.43 million in its Q2 financial results.

Portfolio Pulse from Adam Eckert

July 24, 2023 | 1:05 pm

HZNP

Horizon Therapeutics' Phase 2 trial for daxdilimab, a candidate for treating Systemic Lupus Erythematosus (SLE), failed to meet its primary endpoint. The study did not show a significant difference between daxdilimab and placebo in terms of patient response and oral glucocorticoid dose reduction. No safety concerns were reported. Horizon's shares are down 0.42% premarket.

Portfolio Pulse from Vandana Singh

July 24, 2023 | 1:00 pm

MSFT

Birlasoft, part of the C.K. Birla Group, has partnered with Microsoft Corporation to establish a Generative AI Centre of Excellence. The centre will leverage Birlasoft's industry expertise and Microsoft Azure OpenAI Service to foster innovation in the adoption of Generative AI across various industries. The partnership aims to deliver enterprise solutions, facilitate research, training, and collaboration, and empower organizations to unlock the full potential of generative AI.

Portfolio Pulse from Arpit Nayak

July 24, 2023 | 12:59 pm

INDA

LYT

Nasdaq-listed Lytus Technologies (NASDAQ:LYT) has announced its entry into the Indian fintech market with the launch of a payments gateway for Indian consumers. The company plans to invest $50 million over the next five years to expand its fintech services in India. The initial rollout will focus on a B2B model, with plans to extend services to individual subscribers within the next 12 months. The company also plans to expand its fintech services to include AI-driven next-generation payment platforms, P2P lending, blockchain, insurtech, digital shareholder services, cross-border payments, among other services.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 12:58 pm

ENVB

Enveric Biosciences (NASDAQ:ENVB) has announced successful completion of preclinical absorption, distribution, metabolism, and excretion (ADME) and toxicology studies for its lead candidate EB-373. The studies support the company's clinical design objectives for reduced side effects and shorter duration of hallucinatory effect. The in vitro assays demonstrated efficient conversion of EB-373 to active metabolite psilocin, with consistent results across all species. The company is increasingly confident that EB-373 has the potential to be well tolerated with an improved side effect profile.

Portfolio Pulse from Vuk Zdinjak

July 24, 2023 | 12:57 pm

GSK

PFE

ViiV Healthcare, majority owned by GSK plc and Pfizer Inc, has received a positive opinion from the European Medicines Agency's Committee for Medicinal Products for Human Use, recommending marketing authorization for cabotegravir long-acting (LA) injectable and tablets for HIV prevention. The positive opinion is supported by data from two international phase 2b/3 studies, HPTN 083 and HPTN 084.

Portfolio Pulse from Vandana Singh

July 24, 2023 | 12:56 pm

BKSY

BlackSky Technology Inc. (NYSE:BKSY) has released a collection of images showing the rapid development of a large Chinese military naval station in Cambodia from August 2021 to July 2023. The images, part of a larger collection of over 520 images, were captured at various times of the day. BlackSky's high-resolution constellation can capture imagery up to 15 times per day, providing transparency into strategic military and economic activities.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 12:53 pm

ADDYY

Adidas AG has received orders worth $565 million for its unsold Yeezy shoes. The company had stopped selling Yeezy shoes after its partnership with Kanye West ended. The sale of the inventory is expected to save Adidas from a large write-off on its stock. The company had previously predicted a loss in fiscal 2023, the first operating loss in 31 years. Adidas is expected to update its revenue and profit guidance to reflect the initial sale of Yeezy inventory.

Portfolio Pulse from Shivani Kumaresan

July 24, 2023 | 12:53 pm

AMZN

VISL

Vislink Technologies, Inc. (NASDAQ: VISL) has announced the integration of its LinkMatrix remote control management platform on Amazon Web Services (AWS). The integration enhances control, flexibility, and speed for users, promoting innovation in live broadcasts. LinkMatrix users, particularly law enforcement agencies, can access security and policing applications through the secure AWS GovCloud platform. All Vislink server products are now available as virtual services, enabling reliable and secure video streaming and synchronization with other cloud production platforms.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 12:48 pm