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PHG

Royal Philips (NYSE:PHG) has received a second round of funding from the Bill & Melinda Gates Foundation to accelerate the global adoption of AI algorithms on Philips Lumify Handheld Ultrasound. The total investment from the foundation now stands at $60 million. The AI-guided ultrasound technology aims to simplify key measurements to identify abnormalities during pregnancy, reducing training time from weeks to hours. The technology has shown a positive impact in Kenya and the new funding will support its deployment to underserved communities globally.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 2:01 pm

IPGP

IPG Photonics Corporation (NASDAQ:IPGP) and Miller Electric Mfg. LLC have announced a strategic partnership to promote laser solutions for handheld welding applications. The collaboration will leverage IPG Photonics' expertise in fiber laser technology and Miller's knowledge of traditional welding methods to transform the handheld welding process. The partnership aims to provide welders with powerful, efficient, and precise solutions that meet the demands of modern welding applications.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 2:00 pm

AMD

NVDA

AMD's CEO Lisa Su expects the company's new MI300 to drive significant revenues, with Data Center GPU revenue projected to reach $400 million in Q4 and exceed $2 billion in 2024. Major tech companies including Microsoft, Meta Platforms, Oracle, Google, and Amazon are likely to have placed orders for the MI300. However, supply chain issues and increased order volume could stress AMD's Q3 and lead to an oversupply in Q4. Meanwhile, Nvidia continues to capitalize on its near monopoly in generative AI-capable GPUs.

Portfolio Pulse from Surbhi Jain

November 07, 2023 | 1:47 pm

HAL

Halliburton Company (NYSE:HAL) and Sekal AS have entered into an agreement to jointly provide well construction automation solutions. The collaboration will incorporate Halliburton's digitally integrated well construction solutions and Sekal's DrillTronics automation platform. The companies aim to deliver fully automated drilling operations in the long term. The technologies are currently deployed across multiple projects, providing end-to-end solutions that automate well construction services from planning to execution.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:46 pm

NVO

Novo Nordisk announced the upcoming presentation of new data on cardiometabolic diseases at the American Heart Association's annual Scientific Sessions. The data includes results from the SELECT and STEP HFpEF phase 3 trials on obesity and cardiovascular disease, and the AWARE study on treatment gaps in adults with type 2 diabetes. The company emphasized its commitment to addressing unmet needs in cardiometabolic diseases and its progress in research that could inform treatment decisions.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:44 pm

MMAT

Meta Materials Inc. (MMAT) announced preliminary positive results from its restructuring, focusing on core business lines generating revenue. The company's CFO and COO, Uzi Sasson, has been appointed as CEO, effective immediately. The company has also reported recent multi-million-dollar business wins, new purchase orders worth $6.2 million, and a larger agreement with a G10 central bank customer worth up to $41.5M over 5 years. The company is showcasing its latest innovation at the Dubai Airshow in November 2023.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:41 pm

ICCT

iCoreConnect, Inc. (NASDAQ:ICCT) has announced the release of a new patient import tool for iCoreVerify, its automated insurance verification software solution. The new module expands the software's connectivity and integration capabilities, enabling compatibility with all systems and broadening the potential customer base. The tool features an Adaptive Import Mechanism that streamlines workflows and increases efficiencies.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:40 pm

CZR

ELYS

Elys Game Technology has announced a market access agreement with Caesars Entertainment, marking its first entry into the North American mobile sports betting market. The agreement allows Elys to launch its online sportsbook operations in Colorado, subject to regulatory approvals. The company plans to expand its market position by offering its new '5D by Elys' mobile app to sports bettors across multiple states through future market access partnerships.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:40 pm

CNK

Cinemark Holdings, Inc. is expanding its third-party delivery relationships with DoorDash, Grubhub, and Uber Eats across the U.S. This move comes after successful market testing and will allow customers to enjoy their favorite movie theater snacks at home. Cinemark is the first major U.S. exhibitor to partner with all three large-scale delivery services. The company plans to continue rolling out its domestic theaters on these platforms through the end of the year.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:39 pm

DDOG

OLPX

PXMD

PaxMedica (PXMD) announced the publication of its Autism Spectrum Disorder Phase 2 study results. Olaplex Holdings (OLPX) reported Q3 adjusted EPS of $0.05, beating the $0.04 estimate, and sales of $123.60M, beating the $116.65M estimate. Datadog (DDOG) reported Q3 2023 EPS of $0.45, beating the $0.34 estimate, and revenue of $547.536M, beating the $524.125M estimate.

Portfolio Pulse from ryanfaloona@benzinga.com

November 07, 2023 | 1:38 pm