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UEC

Uranium Energy Corp (UEC) is set to restart uranium production at its Christensen Ranch in Wyoming, with the first production expected in August. The uranium will be processed at the Irigaray Central Processing Plant, which has a capacity of 2.5 million pounds of U3O8 per year. The production will be funded by existing cash and the company plans to sell the uranium at current spot market prices, which were $106 per pound as of January 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 11:33 am

FRGT

Freight Technologies, Inc. (NASDAQ:FRGT), also known as Fr8Tech, has secured a contract with Kawasaki Motores de Mexico for cross-border logistics services using its F8App platform. The contract involves the transportation of Kawasaki's Jet Ski models, highlighting Fr8Tech's capability to manage diverse transportation needs.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 11:31 am

WISA

Wisa Technologies' subsidiary has secured a 5-year licensing agreement with an HDTV brand for its WiSA E wireless immersive audio transmitter technology. The deal allows the licensee to integrate this technology into any or all of its HDTV platforms.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 11:17 am

GOOG

GOOGL

YouTube has clarified that recent user-reported slowdowns and buffering issues are not due to its ad-blocker detection efforts, but rather due to a recent update of third-party ad-blocker extensions, specifically AdBlock and AdBlock Plus. The issue is separate from YouTube's anti-adblocker measures implemented in August 2023. YouTube encourages users to subscribe to YouTube Premium to avoid ads, with prices starting at $13.99 per month.

Portfolio Pulse from Rounak Jain

January 16, 2024 | 11:16 am

COHR

Coherent Inc. has introduced new dot projector modules designed for depth sensing applications in consumer electronics, robotics, and autonomous vehicles. These modules are expected to enhance the capabilities of devices in these sectors by providing advanced 3D sensing technology.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 11:14 am

TSEM

Tower Semiconductor (TSEM) has announced a collaboration with Renesas to manufacture SiGe-based beamforming integrated circuits (ICs) using Tower's SiGe BiCMOS technology. This partnership is strategic for Renesas, as its beamforming products have secured design wins with major global players in the 5G, satellite communications (satcom), and Aerospace & Defense sectors, establishing Renesas as a leader in these markets.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 11:08 am

GE

GE Vernova's Power Conversion business in the UK has been awarded a contract by Team Resolute to provide hybrid propulsion technology for three Fleet Solid Support (FSS) ships for the UK Ministry of Defence. The collaboration with Navantia UK, the prime contractor for the FSS program, highlights GE Vernova's capabilities in naval propulsion and the UK's focus on efficient and sustainable naval operations. The delivery of the propulsion equipment is expected to begin in 2025.

Portfolio Pulse from Charles Gross

January 16, 2024 | 11:07 am

DC

Dakota Gold Corp. (NYSE:DC) has reported positive drilling results from eight drill holes at the Richmond Hill Gold Project in South Dakota, indicating an expansion of gold mineralization. The results show potential below historical drilling at the Turnaround Breccia Pipe and shallow oxide material east of the historical open pit mine at the Richmond Hill Breccia Pipe.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 11:06 am

IREN

Iris Energy Limited (NASDAQ:IREN), a Bitcoin mining company using renewable energy, has announced an agreement with Bitmain Technologies to potentially expand its mining capacity to 20 EH/s by 2024.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 11:04 am

GM

General Motors Co (NYSE:GM) is reportedly halting its Ultra Cruise program to refocus on its existing Super Cruise driver assistance system. Ultra Cruise, which was set to launch in 2023, was a comprehensive system using camera, radar, and LiDAR sensors. The decision comes as GM faces challenges in autonomous driving technology, with its Cruise division suspending U.S. operations after an incident and announcing cost-cutting measures. GM's third-quarter EBIT-adjusted loss for Cruise was $732 million, up 47% from the previous year.

Portfolio Pulse from Anan Ashraf

January 16, 2024 | 10:40 am