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URBN

Urban Outfitters Inc (NASDAQ:URBN) stock is trading higher after reporting a 10% increase in net sales for the holiday season. Retail net sales rose 8%, with comparable retail sales up 6%, driven by growth in both digital and retail store sales. Free People and Anthropologie saw significant increases in comparable retail sales, while Urban Outfitters experienced a decrease. The company also announced Shea Jensen as the new president of Urban Outfitters Brand, North America.

Portfolio Pulse from Adam Eckert

January 09, 2024 | 2:38 pm

RGA

Reinsurance Group of America (RGA) has announced a strategic investment and exclusive global life and health reinsurance partnership with DigitalOwl, a tech company specializing in AI for medical record analysis. This partnership aims to enhance underwriting processes by automating data synthesis for comprehensive digital underwriting decisions. The collaboration is expected to address long-standing inefficiencies in life insurance underwriting.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:16 pm

RR

Richtech Robotics Inc. (NASDAQ:RR) showcased advanced AI capabilities for its robot bartender ADAM at CES 2024, promising enhanced human-like interactions and efficiency. The technology aims to address labor challenges and improve customer experiences in the hospitality industry. With its IPO completed in November 2023, Richtech targets the growing $4.7 trillion U.S. hospitality market, offering solutions to staffing shortages and underutilized technology in the sector.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:15 pm

ACRX

AcelRx Pharmaceuticals has announced a rebranding initiative, including a name change to Talphera. The company will start trading on Nasdaq under the new ticker symbol 'TLPH' starting January 10, 2024. This rebranding signifies a new phase for the company as it collaborates with the medical community to develop innovative solutions for medically supervised settings.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:11 pm

GT

Goodyear Tire & Rubber Company (GT) and ZF have announced a collaboration to improve vehicle motion control by integrating Goodyear's tire intelligence technology into ZF's advanced mobility solutions. The partnership aims to enhance fleet capabilities by providing critical data on tire wear, load, and other metrics, leading to better performance, efficiency, and safety.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:09 pm

CCLD

Sleep Advantage, a Seattle-based provider of sleep therapy, has chosen CareCloud, Inc.'s CareCloud Complete platform to replace their paper-based electronic health record system. The platform includes CareCloud Charts for patient encounters and CareCloud Central for practice management, aiming to streamline billing, scheduling, and enhance patient care. The adoption of this technology is expected to improve efficiency, patient communication, and focus on specialty services.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:02 pm

SGD

Safe and Green Development Corporation (NASDAQ:SGD), also known as SG Devco, has announced a strategic initiative to monetize its real estate holdings throughout 2024. The company aims to capitalize on the increased value of its land, which has appreciated due to entitlements secured over the past three years. The monetization strategy, which includes the $11.5M Contribution Agreement of Lago Vista, is expected to generate non-dilutive capital and support the advancement of other projects, with minimal shareholder dilution.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:01 pm

KULR

KULR Technology Group Inc. has announced a 15% reduction in its workforce as part of a strategic realignment to focus on servicing recurring aerospace and defense contracts and improving profitability in commercial customer engagements. The company aims to reach operational breakeven by the second quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:47 pm

ZKIN

ZK International Group Co., Ltd. (NASDAQ:ZKIN) announces strategic expansion into Southeast Asia and the Middle East to drive innovation and sustainable infrastructure development. The company is pursuing strategic partnerships to enhance market understanding and facilitate integration into the regional business landscape. This move represents a significant milestone in ZK International's global growth strategy, aiming to meet the growing demand for high-quality stainless-steel solutions in these dynamic regions.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:45 pm

CLPS

CLPS Incorporation (NASDAQ:CLPS) has acquired College of Allied Educators (CAE) in Singapore through its subsidiary CLPS Technology (Singapore) Pte. Ltd. The acquisition aims to enhance CLPS's Talent Creation Program (TCP) and Talent Development Program (TDP) by integrating CAE's educational platform with CLPS's IT education and training expertise. This strategic move is expected to develop skilled bilingual IT professionals, provide internship and job opportunities, and improve the quality of deliverables to CLPS's clients. Financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:43 pm