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HUDI

Huadi International Group Co., Ltd. (HUDI) has entered into an investment agreement with Songyang County Economic Development and Investment Group Co., Ltd. to build a 'Future Factory' in Zhejiang Province, China. The factory will occupy approximately 50 acres with a total investment of approximately RMB1 billion. The project is expected to produce 60,000 tons of stainless steel seamless tubes and special alloy steel products annually. The Songyang County local government will provide supportive policies for the construction of the project, including infrastructure construction subsidies and equipment investment incentives.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:16 pm

BA

EADSY

Airbus SE is investing in its U.K. innovation capabilities with the opening of a new Wing Technology Development Centre at its Filton site in southwest England. The facility will help Airbus design wings for next-generation aircraft. This follows Boeing's plans to launch an elongated, ultra-light concept called Transonic Truss-Braced Wings. Airbus, however, is facing challenges in bringing down costs.

Portfolio Pulse from Nabaparna Bhattacharya

July 05, 2023 | 12:15 pm

DARE

OGN

Daré Bioscience (NASDAQ:DARE) is preparing for the commercial launch of XACIATO, a treatment for bacterial vaginosis, in collaboration with Organon (NYSE:OGN). Organon will pay Daré $1 million in July 2023 and $1.8 million upon the first commercial sale of XACIATO. Daré received a $10 million upfront payment from Organon in 2022 and is eligible for additional milestone payments of up to $180 million and tiered double-digit royalties based on net sales.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:15 pm

IMAB

I-Mab (NASDAQ:IMAB), a clinical-stage biopharmaceutical company, announced the publication of a manuscript detailing the antitumor activity of its bispecific antibody givastomig in The Journal for Immuno-Therapy of Cancer. Givastomig is designed to bind to CLDN18.2-expressing cancer cells and activate T cells within these tumors, offering potential for effective immuno-therapy in gastric cancer. The drug is currently undergoing Phase 1 clinical studies in the U.S. and China, with promising results so far. The company plans to report additional clinical data later this year.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:12 pm

SCWO

374Water Inc. (NASDAQ:SCWO) has formed a strategic partnership with The Environmental Group Limited (EGL) to combat PFAS contamination in Australia and New Zealand. EGL will act as an exclusive distributor for 374Water's AirSCWO technology throughout Australia and New Zealand. The collaboration is set to kick off with an initial order for an AirSCWO 6 system.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:09 pm

AMD

AVGO

NVDA

TSM

Taiwan Semiconductor Manufacturing Company Ltd (TSMC) expects a significant revenue rebound in the second half of the year, driven by the launch of new Apple iPhones and strong demand for AI chips from Nvidia, Broadcom, and AMD. The AI sector has seen a boost with companies like Alphabet's Google and Amazon entering the race. Nvidia has placed additional orders at TSMC, expecting Q2 revenue of $11 billion. Broadcom's AI-related customized chips have also seen increased orders from Google and Meta Platforms.

Portfolio Pulse from Anusuya Lahiri

July 05, 2023 | 12:09 pm

GH

Guardant Health, Inc. (NASDAQ:GH) has announced that it will receive national reimbursement approval from the Japanese Ministry of Health, Labor and Welfare for its Guardant360 CDx liquid biopsy test for comprehensive genomic profiling for patients with advanced or metastatic solid tumor cancers, effective July 24, 2023. The test has already received regulatory approval in March 2022. The test is used to detect actionable biomarkers in a patient's blood that may help inform their therapy selection.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:09 pm

MOBQ

Mobiquity Technologies, Inc. (NASDAQ:MOBQ) has announced enhancements to its proprietary ElecTech and ElecAlytics platforms. The new features utilize heuristic models and US districting data to facilitate superior ad curation. The integration enables Mobiquity's AI engines to create hyper-segmented and personalized advertisements. The decision to integrate districting data highlights Mobiquity's commitment to optimizing localized targeting.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:08 pm

PSTX

Poseida Therapeutics, Inc. (NASDAQ:PSTX) has received FDA clearance for its Investigational New Drug (IND) application for P-CD19CD20-ALLO1, a dual CAR-T cell therapy for B-cell malignancies. This is the first FDA IND clearance of an allogeneic dual CAR-T therapy targeting CD19 and CD20. The therapy is being developed in partnership with Roche and will be evaluated in a Phase 1 study involving up to 70 adult patients.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:06 pm

MDLZ

Mondelez International, Inc. (NASDAQ:MDLZ) has issued a voluntary recall of two varieties of belVita Breakfast Sandwich products in the U.S. due to potential peanut contamination. The recall was discovered during an internal manufacturing inspection and is being conducted with the knowledge of the U.S. Food and Drug Administration. No other products or markets are affected by the recall. MDLZ shares are trading lower by 0.14% at $73.41 in premarket.

Portfolio Pulse from Shivani Kumaresan

July 05, 2023 | 12:06 pm