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Assets

IONQ

IonQ (NYSE:IONQ) has entered a strategic agreement with South Carolina Quantum (SC Quantum) to advance quantum computing in South Carolina. This partnership aims to provide quantum computing capabilities and professional services to SC Quantum partners, including academic institutions. It will also focus on developing quantum-specific academic coursework and accelerating the introduction of quantum technologies across various sectors in South Carolina. This move is part of a broader effort by states like Maryland and Washington to enhance quantum computing skills and infrastructure. IonQ's recent activities also include opening the first dedicated quantum manufacturing facility in the U.S. and establishing international partnerships to promote quantum computing globally.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:14 pm

MDAI

Spectral AI, Inc. (NASDAQ:MDAI) has received a $1 million investment from an affiliate of its largest shareholder for its subsidiary Spectral IP, Inc., focusing on intellectual property in the AI ecosystem. The investment aims to enhance Spectral AI's position in the AI and healthcare sectors by developing or acquiring IP. Spectral IP will work on advancing IP through acquisitions, partnerships, and collaborations to accelerate innovation and expand market reach.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:13 pm

GUTS

IVP

MTEM

OM

PACB

The article highlights the top 5 oversold health care stocks, which could be potential buys due to their undervalued status. These include Molecular Templates, Inc. (MTEM), Fractyl Health, Inc. (GUTS), Inspire Veterinary Partners, Inc. (IVP), Outset Medical, Inc. (OM), and Pacific Biosciences of California, Inc. (PACB), all of which have an RSI near or below 30, indicating they are oversold.

Portfolio Pulse from Avi Kapoor

March 19, 2024 | 12:08 pm

CRGY

Crescent Energy Company (CRGY) announced its subsidiary plans to offer $700M in Senior Notes due 2032 in a private placement, guaranteed by its subsidiaries.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 11:44 am

IFF

International Flavors & Fragrances Inc (NYSE:IFF) is selling its Pharma Solutions unit to Roquette for up to $2.85 billion, aiming to reduce debt leverage and focus on core growth areas. The deal, expected to close in the first half of 2025, values the unit at an EBITDA multiple of approximately 13x. IFF's Pharma Solutions, with $1 billion revenue in 2023 and 1,100 employees, supports pharmaceutical and food applications. IFF's move is part of a broader strategy to optimize its portfolio and reduce debt.

Portfolio Pulse from Shivani Kumaresan

March 19, 2024 | 11:38 am

CWI

INTC

SOXX

TSM

Taiwan Semiconductor Manufacturing Co (TSM) and Intel Corp (INTC) face construction delays in Arizona due to high costs and labor shortages, impacting their efforts to strengthen the U.S. semiconductor supply chain. Suppliers like LCY Chemical and Solvay have paused or downscaled their plans, citing increased expenses and operational challenges. This situation reflects broader issues in expanding the U.S. chip supply, with costs significantly higher than in Asia. TSMC and Samsung are also adjusting their global expansion strategies due to these challenges. TSMC's stock has risen 52% due to the AI boom, with exposure available through ETFs like SOXX and CWI.

Portfolio Pulse from Anusuya Lahiri

March 19, 2024 | 11:32 am

CTRN

Citi Trends announced its plans for fleet optimization, including opening up to 5 new stores, remodeling around 40 stores, and closing 10-15 underperforming stores. The company aims to conclude fiscal 2024 with about 595 stores.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:57 am

EWG

Germany's ZEW Economic Sentiment index for March significantly exceeded expectations, registering at 31.7 compared to the estimated 20.6, and showing a marked improvement from the previous 19.9.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:53 am

EWG

Germany's ZEW Current Conditions index for March improved slightly to -80.5, beating the estimated -82.0 and improving from the previous -81.7.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:53 am

INTC

Intel is set to receive a grant under the Chips Act, as reported by CNBC. This development is part of a broader initiative to bolster the semiconductor industry in the United States. The grant aims to support Intel's efforts in enhancing its manufacturing capabilities and competitiveness on a global scale.

Portfolio Pulse from Charles Gross

March 19, 2024 | 10:47 am