Streetbeat News

Assets

AKAM

LUMN

Lumen Technologies has announced the sale of select Content Delivery Network (CDN) customer contracts to Akamai Technologies. The financial terms of the deal were not disclosed.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 1:03 pm

AYRO

AYRO, Inc., a designer and manufacturer of electric delivery vehicles, has been issued a U.S. Patent for technologies associated with vehicle environmental impact reduction and elimination. The patent, titled 'Systems and Methods for Controlling Vehicle Acceleration to Regulate Environmental Impact,' describes a vehicle designed to adjust its impact on the ground it traverses. The company has also been honored with two prominent awards in 2023 and has secured multiple design patents and utility patents for the AYRO Vanish.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:47 pm

POST

Post Holdings, Inc. (NYSE:POST) has agreed to acquire the assets of Perfection Pet Foods, LLC for $235 million. The acquisition includes two manufacturing facilities in Visalia, California, which will provide Post with additional manufacturing capacity to insource a portion of its current pet food business. Post management expects Perfection to contribute approximately $25 million of Adjusted EBITDA in the next 12 months following the close of the acquisition. The acquisition is expected to be completed late in the fourth calendar quarter of 2023.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:46 pm

BTCY

Biotricity, Inc. (NASDAQ:BTCY) has filed a patent for its Bioheart device, a wearable heart monitoring solution. This patent protects Bioheart's unique technology and design, and strengthens Biotricity's position in the personal lifestyle and healthcare innovation sector. This is the second patent Biotricity has filed in a month, demonstrating its commitment to enhancing its Intellectual Property portfolio.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:22 pm

BTCUSD

ETHUSD

SPY

TSLA

The article covers a range of topics including tech stocks, crypto, US and world politics, Israel-Hamas conflict, tech, electric vehicles, consumer, communication, and space. Key points include Shiba Inu's burn rate doubling, Taiwan's call for peaceful coexistence with China, and various stock and crypto movements. Notable mentions include Unity Software, Tigo Energy, Ethereum, Tether Gold, Google, Apple, Oracle, Amazon, SpaceX, Tesla, Honda, Microsoft, and X.

Portfolio Pulse from Akanksha Bakshi

October 10, 2023 | 12:13 pm

MAIA

Maia Biotechnology announced that its lead asset, THIO, demonstrated potent anticancer activity in gliomas, a type of aggressive brain tumor. THIO was evaluated in various in vitro and in vivo models of gliomas.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:08 pm

ATAI

Atai Life Sciences AG (NASDAQ:ATAI) and IntelGenx Technologies Corp. have completed transactions related to a non-brokered offering of units. The transactions include amendments to a loan agreement and a subscription agreement, providing Atai with the ability to convert the principal and accrued interest into IntelGenx's common stock and the right to purchase additional units. Following the transactions, Atai would beneficially own or control approximately 63.4% of the issued and outstanding shares of IntelGenx.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:08 pm

AMZN

BABA

GOOG

META

NVDA

QCOM

Analyst firm CCS Insight predicts a reality check for the generative AI sector in 2024 due to fading hype, escalating operational costs, and increasing calls for regulation. Companies like Alphabet, Amazon, Qualcomm, and Meta Platforms have been at the forefront of the AI conversation. The operational costs, especially for smaller organizations and developers, are becoming a significant barrier. Tech giants like Amazon, Google, Alibaba, and Meta are developing AI chips to manage costs. The EU's AI regulations will likely be finalized by late 2024, prompting the industry to initiate self-regulation in the interim.

Portfolio Pulse from Anusuya Lahiri

October 10, 2023 | 12:01 pm

Air Lease Corporation (AL) has announced its Q3 2023 activities, which include the delivery of eight new aircraft from its order book and the sale of eight aircraft for a total of $350 million. The company's fleet now consists of 448 owned and 79 managed aircraft, with 351 new aircraft on order from Boeing and Airbus set to deliver through 2029.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 10:37 am

HUT

Hut 8 Mining Corp. (Nasdaq: HUT) mined 111 Bitcoin in September 2023, with no Bitcoin sold during the month. The total balance of Bitcoin in reserve was 9,366. The company also received approval for a business combination with U.S. Data Mining Group, Inc. dba US Bitcoin Corp.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 10:33 am