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Regulatory

EH

EHang Holdings Limited (NASDAQ:EH) has signed a Memorandum of Understanding with the Bao'an District Government of Shenzhen municipality for a strategic partnership in urban air mobility. The partnership will focus on commercial operations of EH216-S autonomous aerial vehicles (AAVs) and the development of use cases, systems, and routes. The Bao'an District Government will provide support for AAV procurement, financial leasing, infrastructure construction, and low-altitude operations. EHang plans to establish an Operation Demonstration Center, an Assembly and Delivery Center, a Research and Development Testing Center, and a Maintenance Support Center in Bao'an District.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 12:33 pm

SURG

SurgePays, Inc. (NASDAQ:SURG) has responded to a recent report containing errors and misleading content, stating it is a deliberate attempt to undermine the company's work. The company confirmed its compliance with the Affordable Connectivity Program and stated that its accounting records are accurate. The company expects to report a net income of over $6 million in the second quarter.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 12:33 pm

SPY

The Core Producer Price Index (PPI) for June came in at 2.4%, lower than the expected 2.6%.

Portfolio Pulse from Bill Haddad

July 13, 2023 | 12:31 pm

SPY

The initial jobless claims in the USA have come in at 237K, lower than the estimated 250K and the prior figure of 249K.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 12:31 pm

SPY

The USA Producer Price Index (PPI) for June came in at 0.1%, lower than the estimated 0.4% and the prior figure of 0.9%. This indicates a slowdown in inflation, which could impact the Federal Reserve's decisions on interest rates.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 12:31 pm

SPY

The US Core Producer Price Index (PPI) for June has come in at 0.1%, lower than the estimated 0.2%.

Portfolio Pulse from Bill Haddad

July 13, 2023 | 12:30 pm

SPY

The US Producer Price Index (PPI) for June has come in at 0.1%, lower than the estimated 0.2%.

Portfolio Pulse from Bill Haddad

July 13, 2023 | 12:30 pm

AYRWF

AYR Wellness Inc. has entered an option agreement to acquire 100% of the equity interests of Twice the Wellness, a licensed medical marijuana dispensary in Ohio. This is part of AYR's strategy to build a vertical presence in Ohio. The company has also entered into agreements to acquire two other dispensaries, Daily Releaf and Heaven Wellness, with plans to open all three by year end.

Portfolio Pulse from Vuk Zdinjak

July 13, 2023 | 12:28 pm

IXHL

Incannex Healthcare Limited (NASDAQ:IXHL) has received approval from the Human Research Ethics Committee (HREC) for a Phase 2 clinical trial of its proprietary anti-inflammatory drug, IHL-675A, for use in treating rheumatoid arthritis. The trial will be managed by Avance Clinical and will recruit 128 patients across Australia and New Zealand. The results of the trial will contribute to a new drug application dossier with the FDA.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 12:15 pm

AZN

Health Canada has granted AstraZeneca a Notice of Compliance with conditions for Lynparza in combination with Abiraterone and Prednisone or Prednisolone. The conditional approval is based on data from the Phase 3 Propel trial.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 12:11 pm