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GEHC

GE HealthCare (NASDAQ:GEHC) has received FDA clearance for its Allia IGS Pulse, a next-generation image-guided system designed for cardiac imaging. The system is designed to improve workflow for diagnosing and treating cardiovascular diseases. It features the first monopolar x-ray tube used for interventional procedures, providing exceptional image quality and optimized dose management for all patient sizes. The Allia IGS Pulse has been in pilot operations at Clinique Pasteur in Toulouse, France since January 2023.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 2:17 pm

AAPL

Apple Inc is undergoing significant executive reshuffling, with several promotions and departures. The company is also focusing on reducing the price of the Vision Pro and enhancing the in-store iPhone purchasing experience. Apple has seen the exit of about a dozen vice presidents in 2022 and 2023, leading to promotions to replenish its leadership. The company is also working on making the Vision Pro more affordable and is innovating the in-store iPhone purchasing experience.

Portfolio Pulse from Anusuya Lahiri

October 16, 2023 | 2:16 pm

ALDX

BIOC

LQR

MNTS

OMER

PCTI

U.S. stocks traded higher with the Dow Jones index gaining over 200 points. The NY Empire State Manufacturing Index declined to -4.6 in October. LQR House Inc. shares rose 76% after announcing its product is now available at Costco. PCTEL, Inc. shares rose 47% after Amphenol Corp agreed to acquire it. Momentus Inc. shares rose 32%. Aldeyra Therapeutics shares dropped 60% after FDA feedback on their new drug application. Biocept, Inc. shares dropped 58% after the CEO's resignation and filing for bankruptcy. Omeros Corporation shares fell 47% after discontinuing a trial.

Portfolio Pulse from Lisa Levin

October 16, 2023 | 2:08 pm

BA

KTOS

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) and Boeing Company (NYSE:BA) have signed a Memorandum of Understanding for the use of Kratos' TDI-J85 turbine engine in Boeing’s Powered Joint Direct Attack Munition (JDAM). The partnership aims to enhance range and affordability of the JDAM, which is engineered for mass production and exportable to 35 partner nations.

Portfolio Pulse from Akanksha Bakshi

October 16, 2023 | 1:56 pm

MEDIF

Several new cannabis products have been introduced to the global health and wellness market. Cornbread Hemp has launched the first USDA-certified organic CBD Sleep Gummies. UCG Inc. has partnered with Mana Supply to introduce the Dabstract brand to Missouri's recreational cannabis market. Earthy Select has expanded its premium THCa flower product line. MediPharm Labs Corp. has introduced GMP-certified Beacon Medical cannabis products into the Australian medical market.

Portfolio Pulse from Joana Scopel

October 16, 2023 | 1:48 pm

XERS

Xeris Biopharma Holdings Inc (NASDAQ:XERS) shares are trading higher by around 9% after the company revised its FY23 outlook. The company raised the lower end of its revenue guidance and its cash, cash equivalents, and short-term investment outlook. It also announced the successful formulation of the XeriJect formulation of TEPEZZA, which could lead to further development milestones and royalties.

Portfolio Pulse from Lekha Gupta

October 16, 2023 | 1:25 pm

AAPL

Apple Inc.'s customer support has suggested that the iOS 17 beta update could be one of the causes of the iPhone 15 Pro Max display burn-in issue. Display burn-in is a hardware issue that cannot be solved via a software update. If the iOS 17.1 beta update is indeed causing this problem, Apple will have to either pull it or issue a new update to prevent it from happening again. The iPhone 15 Pro Max has faced several issues since its launch, including overheating and fragility due to its titanium design.

Portfolio Pulse from Rounak Jain

October 16, 2023 | 1:24 pm

MULN

Mullen Automotive has provided an update on its commercial vehicle production. The company is on track to produce 150 Class 3 EV trucks by December 2023 and start Class 1 EV cargo van production and deliveries in Q4 2023. The production plan is aligned with current customer purchase orders and has enough capacity to meet additional demand.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 1:24 pm

VUZI

Vuzix Corporation (NASDAQ:VUZI), a supplier of smart glasses and Augmented Reality (AR) technology, has received and partially delivered additional follow-on and new design orders from three Tier-1 aerospace and defense contractors. The revenue from these orders is in the mid six-figure range. The company expects to receive additional non-recurring engineering orders for subsequent phases from some of these contractors. The final product designs could lead to production program orders.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 1:22 pm

AMZN

BRZE

Braze (NASDAQ:BRZE), a customer engagement platform, announced its availability in AWS Marketplace, a digital catalog for software listings that run on Amazon Web Services (AWS). This move deepens the relationship between Braze and AWS, simplifying procurement and deployment for Braze customers. The platform enables brands to create multi-channel experiences that exceed customer expectations, boosting retention rates and purchases per user.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 1:14 pm