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ARIS

Aris Water Solutions, Inc. (NYSE:ARIS) has been selected by the Department of Energy to receive a research grant for the treatment and desalination of produced water for non-consumptive agricultural use. The grant acknowledges Aris's efforts in water sustainability in the Permian Basin and supports the expansion of a greenhouse study with Texas A&M AgriLife. The study aims to optimize produced water treatment for agriculture, extract valuable minerals, and evaluate carbon sequestration benefits.

Portfolio Pulse from Happy Mohamed

December 14, 2023 | 9:19 pm

TCNNF

The Georgia Access to Medical Cannabis Commission (GMCC) is considering legal action in response to warning letters from the DEA cautioning pharmacies against dispensing THC. The DEA's warnings have raised concerns about access to medical marijuana (MMJ) in Georgia. Despite this, the GMCC remains committed to implementing the Hope Act and ensuring patient access to MMJ. Over 120 pharmacies have applied to participate in Georgia's program. Legal actions, if any, would be coordinated with the state attorney general's office. A budget rider currently prevents the DOJ from interfering with state MMJ laws. The situation highlights the need for federal cannabis policy updates. Botanical Sciences LLC and Trulieve Cannabis Corp. (OTCQX:TCNNF) are licensed producers in Georgia.

Portfolio Pulse from Joana Scopel

December 14, 2023 | 9:06 pm

MRK

MRNA

PFE

Moderna's CEO Stéphane Bancel discussed on CNBC the promising data of their new cancer vaccine mRNA-4157 (V940), developed with Merck, showing significant reduction in relapse or death in melanoma patients. Despite Moderna's stock being down year-to-date, Bancel is optimistic about future growth, citing market share gains in Covid vaccines, the upcoming RSV vaccine launch, and seven Phase 3 products in the pipeline. Moderna's stock rose over 9% following the news.

Portfolio Pulse from Erica Kollmann

December 14, 2023 | 9:03 pm

PACB

Pacific Biosciences of California Inc (NASDAQ:PACB) stock is soaring after Stephens initiated coverage with an Overweight rating and a price target of $11. The analyst team praised PACB's solid management, market opportunity in long-read sequencing, and the potential of its next-generation sequencer, Revio. Revio is expected to drive broader adoption and expand use cases for long-read sequencing. PACB's Q3 sales were up 72% Y/Y, with significant instrument revenue growth, including sales from 52 Revio systems. The company is also planning to expand its portfolio with additional long- and short-read platforms.

Portfolio Pulse from Vandana Singh

December 14, 2023 | 8:41 pm

OSG

Overseas Shipholding Group (OSG) has announced a major upgrade program for its Alaskan Class fleet, to be completed by 2026. The program, in partnership with MAN Energy Solutions, includes engine replacements for better fuel efficiency, advanced control systems, and compliance with Carbon Intensity Indicator regulations. The upgrades, which also make the vessels 'Ready for Methanol', will be done during scheduled drydocking and represent a nearly $100 million investment. Additionally, OSG has amended charterparties for the Alaskan Navigator and Alaskan Legend, extending options through 2035.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 8:35 pm

SONY

TTWO

WBD

Hogwarts Legacy, developed by Warner Bros. Discovery Inc (NASDAQ:WBD), is leading U.S. video game sales, challenging the dominance of Activision Blizzard Inc's Call of Duty and Take-Two Interactive Software Inc's (NASDAQ:TTWO) Rockstar games. Despite Call of Duty: Modern Warfare 3's strong sales, it's trailing its predecessor. U.S. video game market spending fell by 7% year-over-year, with hardware sales down 24% and content down 3%. Sony Group Corp.'s (NYSE:SONY) PS5 remains the best-selling hardware, but faces supply and demand balance issues. The absence of Grand Theft Auto 6 data from Circana's charts due to Take-Two's data restrictions could impact future rankings.

Portfolio Pulse from Franca Quarneti

December 14, 2023 | 8:15 pm

WW

WW International Inc (NASDAQ:WW) stock rose after announcing the launch of WeightWatchers GLP-1 Program, designed to support individuals on GLP-1 medication with behavioral and nutritional needs. The program aligns with FDA guidance on behavior modification with GLP-1 medication. Oprah Winfrey, a WW shareholder and board member, has been using GLP-1 medication for weight loss. WW offers memberships at discounted rates. At the time of publication, WW shares were up 7.94% at $7.96.

Portfolio Pulse from Ryan Gustafson

December 14, 2023 | 8:08 pm

TZOO

Travelzoo (TZOO) has announced that starting January 1, 2024, its Travelzoo Membership will no longer be free and will cost $40 annually. However, new members joining on or before December 31, 2023, will have the 2024 fee waived.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 8:07 pm

FCEL

FuelCell Energy Inc (NASDAQ:FCEL) shares surged 11.4% to $1.56 amid overall market strength after the Fed left rates unchanged, with projections of rate cuts in 2024-2026. Lower interest rates benefit capital-intensive industries like renewable energy by reducing borrowing costs, which can lead to more affordable project funding, expansion, and R&D investment. The clean energy sector also reacted positively to COP28's conclusion, signaling a move away from fossil fuels. The Fed's rate decision reflects a cautious approach to future policy adjustments, with a focus on returning to the 2% inflation target.

Portfolio Pulse from Henry Khederian

December 14, 2023 | 8:07 pm

TSLA

The Tesla Cybertruck's unique single windshield wiper has been a point of discussion, with a replacement cost of $165 for the arm and blade, and $75 for the blade alone. The Cybertruck, which has over a million reservations, will have three models with prices ranging from $60,990 to $99,990, and a special Foundation Series for $120,000. Tesla aims to produce 250,000 units annually by 2025.

Portfolio Pulse from Chris Katje

December 14, 2023 | 8:02 pm