Streetbeat News

Assets

CRON

Cronos Group is exiting its US hemp-derived CBD operations by Q2 2023 to improve cash flow and position itself for the US THC market when regulatory conditions change. The company is increasing its 2023 operating expense savings target to $20-$25 million and plans to bring the Lord Jones brand to the Canadian market in Q4 2023.

Portfolio Pulse from Nina Zdinjak

June 01, 2023 | 2:19 pm

SAVE

Spirit Airlines is experiencing a technical issue, rendering its website, app, and airport kiosks unavailable, according to a Reuters tweet.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 2:18 pm

CVNA

Carvana (CVNA) sees a significant increase in the volume of July 21 $20 call options, with 250 contracts traded at the ask price of $1.19, compared to an open interest of 4,188 contracts. The reference price is $13.61.

Portfolio Pulse from Charles Gross

June 01, 2023 | 1:51 pm

TTEK

Tetra Tech (TTEK) has been awarded a £60 million contract for water asset management in the UK. The contract will help improve water infrastructure and reduce leakage.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 1:28 pm

GLDD

Great Lakes Dredge & Dock Corporation (GLDD) has announced the receipt of $186.6 million in awarded work, which includes several dredging projects.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 1:25 pm

PYPL

PayPal has filed a U.S. patent application (#20230169587) for multi-layer artificial intelligence models aimed at progressive predictions during data pipeline management. This technology could enhance PayPal's data processing capabilities and improve its services.

Portfolio Pulse from Charles Gross

June 01, 2023 | 11:45 am

VQS

VIQ Solutions (NASDAQ:VQS) has filed two provisional patent applications with the USPTO for methods related to training and automated selection of domain-specific language models, aiming to improve documentation accuracy and usability for various organizations.

Portfolio Pulse from Charles Gross

June 01, 2023 | 11:39 am

CEG

NRG

Constellation is acquiring NRG Energy's 44% ownership stake in the South Texas Project Electric Generating Station, a 2,645-megawatt nuclear plant, for $1.75 billion. The effective purchase price is $1.4 billion after considering tax benefits.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 10:53 am

AL

Air Lease has announced long-term lease placements for four new Airbus A220-300 aircraft with Czech Airlines, with delivery scheduled for 2024 from ALC's order book with Airbus.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 10:40 am

SE

Sea Ltd is winding down its investment arm, according to a Reuters report. The Southeast Asian tech giant has decided to disband its investment division to focus on its core businesses.

Portfolio Pulse from Charles Gross

June 01, 2023 | 8:56 am