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NIO

NIO Inc's shares are trading lower despite Morgan Stanley reiterating an Overweight rating and maintaining a $12 price target. This comes after Nio's shares rallied over 7% in the last week and nearly 28% in the last month. Nio reported a significant increase in vehicle deliveries for June and Q2, and also started ramping up deliveries of its ES8 SUV.

Portfolio Pulse from Adam Eckert

July 05, 2023 | 1:22 pm

SAVA

Cassava Sciences has announced that its cognition maintenance study showed that Simufilam slowed cognitive decline by 38% versus placebo over 6 months in patients with mild-to-moderate Alzheimer's disease.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 1:19 pm

VLCN

Volcon, an electric vehicle manufacturer, has demonstrated its products to key Department of Defense (DoD) staff and has entered a funded operational energy program. The company's stock symbol is VLCN.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 1:18 pm

GSK

MRNA

Moderna Inc has initiated the regulatory application process for its mRNA-1345 vaccine to prevent RSV-associated lower respiratory tract disease in adults aged 60 years or older. The company has submitted marketing authorization applications with the European Medicines Agency, Swissmedic in Switzerland, and the Therapeutic Goods Administration in Australia and has initiated the rolling submission process for a Biologics License Application to the FDA. The applications are based on positive data from the ConquerRSV study. The vaccine was well tolerated with a favorable safety profile.

Portfolio Pulse from Vandana Singh

July 05, 2023 | 1:17 pm

ABT

Abbott Laboratories has received FDA approval for its dual-chamber leadless pacemaker. This approval could potentially boost the company's market share in the medical devices sector.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 1:07 pm

PL

AI-Powered Impact Observatory has announced a partnership with Planet Labs. The partnership will leverage AI-powered analytics to monitor land cover and land use on top of Planet's high-frequency, medium-resolution, and high-resolution satellite data.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 1:05 pm

ACST

Acasti Pharma has announced its alignment with the FDA on the GTX-104 Pivotal Phase 3 Safety Trial Protocol and confirmed the planned initiation of STRIVE-ON in aSAH patients in Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 1:03 pm

AAPL

AMZN

Apple Inc.'s iPhone 13 Pro Max is available at a $220 discount on Amazon.com Inc., reducing the price to $879. The discount is applicable with a carrier plan and is available on the Alpine Green color. Amazon is also offering a discount of up to $100 over 24 months, offsetting some of the cost of the monthly carrier plan.

Portfolio Pulse from Rounak Jain

July 05, 2023 | 1:02 pm

F

VLVLY

Volvo Cars reported a 33% YoY increase in sales for June 2023, with sales of electric vehicles quadrupling. The company, owned by Zhejiang Geely Holding and previously part of Volvo AB and Ford Motor Company, saw a 129% increase in its Recharge line-up of chargeable models. Sales in the U.S. and Europe surged 53% and 70% respectively, while sales in China decreased by 6%. The top selling model was Volvo XC60.

Portfolio Pulse from Shivani Kumaresan

July 05, 2023 | 1:00 pm

ORA

Ormat Technologies, Inc (NYSE:ORA) and San Diego Community Power (SDCP) have signed a power purchase agreement for the Arrowleaf Solar and Storage Facility. The facility, located in Imperial County, California, will provide SDCP with sustainable electricity at predictable rates for customers under a 20-year contract. The solar component of the project will contribute 42 MW of clean energy to the grid, enough to power approximately 31,500 homes. Operations are expected to commence in the first half of 2025.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:53 pm