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IDAI

Trust Stamp (NASDAQ:IDAI) has reported a 31% increase in its financial services customer base over the last six months. The company's low-code Orchestration Platform is being adopted by more financial institutions, with seven more, including the U.S. arm of a global institution with over 1,500 branches and assets exceeding $1.5T, starting the implementation process. Trust Stamp is targeting a total of 45-50 financial institutions onboarded by the end of 2023.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 2:16 pm

JLL

JLL (NYSE:JLL) has announced the launch of JLL GPT™, the first large language model purpose-built for the commercial real estate (CRE) industry. Developed by JLL Technologies, the AI model will be used by JLL's workforce to provide CRE insights to clients. The company plans to offer made-to-order solutions to clients later this year. The AI model will be used to improve building efficiencies, generate 3D leasing visualizations, calculate sustainability risks, and power investment leads.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 2:12 pm

NKLA

Nikola Corp (NASDAQ:NKLA) shares are trading higher after the company announced it was awarded an additional $16.3 million to support seven open-network hydrogen refueling stations. This follows a previously announced $41.9 million grant, bringing total grants to $58.2 million. The company also started production of its hydrogen fuel cell electric truck with an estimated range of 500 miles. Nikola will hold its annual meeting of stockholders on Thursday and is expected to report earnings for the second quarter in approximately two weeks.

Portfolio Pulse from Adam Eckert

August 01, 2023 | 2:00 pm

STLD

Steel Dynamics, Inc. (NASDAQ:STLD) has successfully restarted the hot mill at its Sinton Texas Flat Roll Steel Mill on July 28, 2023, following an unplanned outage that began on July 1, 2023. The outage was due to caster shear equipment issues, which have now been resolved. The company's cold mill and downstream value-added flat rolled steel coating lines continued to operate during the outage.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 1:57 pm

JYD

Jayud Global Logistics Limited (NASDAQ:JYD) has announced a significant expansion of its operations, including the addition of cold storage and dry storage facilities. The move is in response to the growing demand in China's cold chain logistics market, which is expected to reach a market size of approximately US$126 billion by 2025.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 1:31 pm

AAPL

HNHPF

Foxconn Technology Group, a key supplier for Apple Inc, plans to invest over $1.2 billion in Karnataka, India, to establish two new component factories. This is in addition to a previously reported $700 million facility near Bengaluru's airport. One of the new factories will produce parts for Apple, including iPhones. This move reflects India's growing appeal as a manufacturing destination amid U.S.-China tensions. Apple's revenue in India grew by nearly 50% to ~$6 billion through March.

Portfolio Pulse from Anusuya Lahiri

August 01, 2023 | 1:00 pm

BHR

Braemar Hotels & Resorts Inc. (NYSE:BHR) has secured a new $200 million corporate financing, which includes a $150 million senior secured term loan facility and a $50 million senior secured revolving credit facility. The financing can be expanded up to $400 million and is fully prepayable without penalty. The funds will be used to repay the mortgage debt associated with the Ritz-Carlton Sarasota, the Bardessono Hotel and Spa, and the Hotel Yountville. The company also plans to use the credit facility for general corporate purposes, including working capital, acquisitions, and refinancing existing debt.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 12:52 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) has been awarded an additional $16.3 million to support seven open-network hydrogen refueling stations. This brings the total awards granted to Nikola to $58.2 million, which includes a $41.9 million Trade Corridor Enhancement Program (TCEP) grant award for six hydrogen refueling stations located along California freight corridors.

Portfolio Pulse from Charles Gross

August 01, 2023 | 12:17 pm

OSK

Oshkosh Corporation (OSK) has expressed confidence in its future prospects, citing a strong backlog, leading technologies, and positive market sentiment as key factors. The company believes it is well-positioned for 2024 and beyond.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 11:27 am

MO

Altria Group, Inc. (MO) has projected its capital expenditures for the fiscal year 2023 to be between $175 million and $225 million.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 11:22 am