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VRAX

Virax Biolabs Group Limited (VRAX) CEO James Foster issued a shareholder letter detailing the company's progress in immunology research, particularly in post viral syndromes and chronic inflammation. The company has developed a SARS-Cov-2 version of its ViraxImmune T-Cell Kit and is collaborating with a UK research institute. Virax is also enhancing its IVD platform with FluoroSpot technology for better immune response analysis. Financially, Virax is in a strong position with $5.6 million in cash and no debt after a warrant exercise in October 2023. The stock is currently trading at 57% of cash value. The company anticipates significant advancements in its FluoroSpot assays and expansion of distribution channels in the next 12 months.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 12:44 pm

FSV

FirstService Corporation (NASDAQ:FSV) has acquired Roofing Corp of America for $413M, expanding its property services portfolio. Roofing Corp, with $400M in annual revenues and higher margins than FirstService's average, operates across 11 states with over 900 employees. The deal is funded by cash and credit facility, which has a $1.25B capacity after a recent expansion.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 12:34 pm

PSTV

Plus Therapeutics announced receiving an award payment of $3.3M, which, along with its existing cash, is expected to fund operations until the second half of 2025. The company also anticipates an additional $6.9 million in grant revenue in 2024.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 12:21 pm

AKTS

Akoustis Technologies has reaffirmed its revenue guidance for the March quarter, expecting sequential growth of 18 to 25%. This reiteration suggests confidence in the company's revenue trajectory and may influence investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 12:10 pm

AKTS

Akoustis Technologies has received significant orders for its Wi-Fi 6E filters, which will support a production ramp in the March quarter of 2024. This development indicates a growing demand for the company's advanced Wi-Fi solutions and may positively impact its financial performance.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 12:09 pm

SON

Sonoco (NYSE:SON) has announced a minimum 6% price increase for all converted paperboard products in the US and Canada, effective from February 1, 2024, due to rising costs of uncoated recycled paperboard (URB), their primary raw material.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 12:07 pm

EBF

Ennis, Inc. (NYSE:EBF) reported Q3 earnings of $0.38 per share, missing the consensus estimate of $0.42, a 13.64% decrease from last year's $0.44. Sales were $104.62M, surpassing the $102.40M estimate but marking a 5.10% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 11:10 am

AAPL

Apple Inc. has introduced 'Contingent pricing' for App Store developers, allowing them to offer subscription discounts to users who subscribe to multiple services. This feature enables developers to collaborate and provide discounts to users who are subscribed to another service, potentially by a different developer. The initiative aims to attract and retain subscribers, offering a win-win situation for users, developers, and Apple. In 2022, developers generated $1.1 trillion in sales through the App Store, with 90% of the revenue going to developers.

Portfolio Pulse from Rounak Jain

December 18, 2023 | 9:56 am

NSANF

NSANY

Nissan Motor Co. is collaborating with Tsinghua University to conduct joint research aimed at understanding Generation Z's preferences and exploring social responsibility in the EV sector, such as battery recycling and charging stations. This partnership is part of Nissan's strategy to recover its position in the Chinese auto market, where it has lost significant market share, with sales dropping 34% from April to September compared to the previous year. Nissan plans to launch 10 new-energy vehicles in China by 2026, with the first Nissan-branded model expected next year. Additionally, Nissan and Renault SA are converting a UK facility to produce electric versions of their top-selling vehicles. The EU is investigating Chinese government subsidies to local vehicle manufacturers for potential unfair competition.

Portfolio Pulse from Benzinga Neuro

December 17, 2023 | 2:28 pm

DUK

The North Carolina Utilities Commission (NCUC) has issued an order on Duke Energy Carolinas' Performance-Based Regulation application, which Duke Energy views as constructive. The order approves capital investments for system reliability and a cleaner energy future, implements Performance-Based Regulations, approves settlements from the proceeding, and introduces Performance Incentive Mechanisms and innovative rate designs. Duke Energy will assess the impact on customer rates in the coming weeks.

Portfolio Pulse from Benzinga Newsdesk

December 16, 2023 | 11:47 pm