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ABAT

American Battery Technology Company (ABTC) has announced positive results from its third exploration drill program at its Tonopah Flats Lithium Project in Nevada. The program consisted of 8 holes totaling approximately 6,700 feet of sampling and achieved the target core drilling depth of over 1,400 feet. To date, the company has received third-party assay results for 6 of the 8 holes, with results further supporting the development of this domestic resource towards upgraded Measured and Indicated classifications. The company was awarded a $4.5-million grant from the U.S. Department of Energy in 2021 to accelerate the commercialization and scale-up of this critical battery-grade lithium manufacturing technology.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 12:22 pm

AUID

AuthID Inc. has amended its services agreement with The Pipeline Group, Inc. (TPG) to include additional services. As per the amendment, AuthID will pay TPG $70,000 per month for the remainder of the initial one-year term. The services include outsourced sales, business development resources for outbound calling, support for automated dialing technology, and classification of customer data.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 12:17 pm

C

JPM

MS

Citigroup Inc plans to provide most of its 40,000 coders access to generative artificial intelligence (AI) in 2024. The bank has already allowed 250 developers to experiment with generative AI and intends to extend this program. The bank's risk and compliance unit used AI to analyze new capital rules released by U.S. federal regulators. Citigroup is also using AI to modernize its systems and transition from older coding languages to newer ones. Other investment banks like Morgan Stanley and JP Morgan Chase & Co have also used generative AI technology.

Portfolio Pulse from Anusuya Lahiri

October 27, 2023 | 12:08 pm

TROW

T. Rowe Price Group has reported its Q3 quarter end assets under management (AUM) at $1.35 trillion.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 11:09 am

AULT

Ault Alliance's subsidiaries have initiated projects at an additional 19 hotels and activated 80 electric vehicle charging stations at 32 hotels across North America.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 10:52 am

CVEO

Civeo Corporation has agreed to sell its McClelland Lake Lodge for approximately C$49M ($36M).

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 10:39 am

XOM

Exxonmobil has reported that weaker chemical margins, unfavorable derivative mark-to-market impacts, and trading timing effects have partially offset their performance. These effects are expected to unwind over time.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 10:35 am

GTLS

Chart Industries has sold its American Fan business to Fairbanks Morse Defense for $111M in an all-cash deal. The proceeds have been used to pay down debt. The business operates in Fairfield, Ohio, and all employees will be offered the opportunity to continue employment with FMD.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 10:27 am

F

GM

Ford Motor Company (NYSE:F) has paused its $12 billion electric vehicle (EV) investment due to high costs and customer unwillingness to pay the premium. This includes the proposed EV battery factory in Kentucky. Ford's transition to EVs is taking longer than expected, with a reported $1.3 billion loss in adjusted earnings in the last quarter. Other automakers like General Motors Company (NYSE:GM) are also delaying production of their new EV models due to high costs and market conditions.

Portfolio Pulse from Benzinga Neuro

October 27, 2023 | 10:05 am

BP

TSLA

BP (NYSE:BP) is investing $100 million to purchase Tesla (NASDAQ:TSLA) Supercharger hardware for third-party charging network use. This is part of BP's EV charging business, BP Pulse, which plans to invest up to $1 billion by 2030 to build a nationwide charging network. The Supercharger hardware is compatible with the North American Charging Standard (NACS) plug from Tesla or a CCS Combo attachment supporting most other EVs. BP Pulse aims to install these new chargers at BP family brands and third-party locations like Hertz rental car sites starting next year.

Portfolio Pulse from Benzinga Neuro

October 27, 2023 | 8:05 am