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NVEI

Nuvei Corporation has launched a card issuing solution in 30 markets, enabling clients to issue physical and virtual white-labelled cards. This service enhances working capital efficiency, improves authorization rates, offers seamless payouts, and increases customer loyalty. The solution is available in the European Economic Area, with plans to expand to the UK, US, and Latin America in 2024. Nuvei's CEO, Philip Fayer, highlights the solution's practical applications and its role in accelerating client business and expanding Nuvei's market.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:03 pm

AMZN

Aerodyne, a Malaysian drone services company, has partnered with Amazon Web Services (AWS) to leverage cloud computing for delivering insights to the telecommunications, agriculture, and energy industries. By using AWS, Aerodyne has reduced its data processing costs by 70% compared to its previous on-premises infrastructure. The collaboration also enhances safety for workers during cell tower inspections by utilizing drone technology.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:01 pm

GFL

GFL Environmental Inc. (NYSE:GFL) outlined its 2024 capital allocation strategy, focusing on sustainability investments and M&A to densify its footprint. The company plans to invest $250-$300 million in renewable natural gas projects and infrastructure under EPR legislation, and $600-$650 million in M&A within existing geographies. Total growth investments will not exceed $900 million, in addition to normal capital expenditures of $850-$900 million. These investments are expected to generate $80-$100 million of incremental Adjusted EBITDA by 2026. GFL's first RNG facility is operational, with more projects coming online from Q4 2024 to 2026. The company aims to achieve at least $2.2 billion of Adjusted EBITDA in 2024 and reduce leverage to the mid 3's, with growth investments adding 20 basis points to year-end Net Leverage, targeting between 3.65x and 3.85x.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:53 pm

TTEC

TTEC Holdings has expanded its global presence by opening a new customer experience delivery center in Cape Town, South Africa. This move is part of the company's strategic expansion in Africa and contributes to the growth of its global delivery footprint.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:37 pm

NEPT

Neptune Wellness Solutions Inc. (NASDAQ:NEPT) has announced that its subsidiary, Biodroga Nutraceuticals Inc., has secured an accounts receivable factoring facility with Alterna Capital Solutions, LLC. The facility starts at $3 million and can be increased to $8 million. It carries a minimum interest rate of 9.5% per annum and is secured by Biodroga's accounts receivable and inventory. The agreement is for 12 months starting November 8, 2023, with automatic renewal, and Neptune has provided a commercial guaranty.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:36 pm

PCSA

Processa Pharmaceuticals, Inc. (PCSA) CEO George Ng issued a shareholder letter detailing the company's pivot to oncology drug development, focusing on Next Generation Chemotherapy (NGC) agents to improve safety and efficacy for cancer patients. The letter outlines the current pipeline, including NGC-Capecitabine (PCS6422), NGC-Gemcitabine (PCS3117), and NGC-Irinotecan (PCS11T), all targeting various cancers. Processa aims to address chemotherapy's limitations and expand its market, leveraging a strong team and regulatory science approach. The company has a stable financial position with $6.9 million in cash as of September 30, 2023, and plans to out-license non-NGC assets to supplement funding. Upcoming milestones include completing Phase 1b study enrollment for NGC-Cap by early 2024 and meeting with the FDA to discuss Phase 2 study designs.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:18 pm

PSX

Elliott Management has acquired a $1 billion stake in Phillips 66 and intends to push for changes by seeking two seats on the company's board, according to sources. This move by the activist hedge fund could lead to strategic shifts or operational improvements at Phillips 66.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:13 pm

AMTX

Aemetis, Inc. has received environmental approval to extend its biogas pipeline by 24 miles. This extension will enable the transportation of biogas from dairy digesters to a Renewable Natural Gas (RNG) production facility.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:10 pm

VNCE

Vince has announced the appointment of John Szczepanski as its new Chief Financial Officer (CFO), effective January 2, 2024. This strategic move could signal a new direction in financial leadership for the company.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 12:36 pm

EGRX

Scott Tarriff, the founder, President, and CEO of Eagle Pharmaceuticals, has resigned and retired effective immediately. Michael Graves, the Chairman of the company, will take over as Interim Executive Chairman.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 12:32 pm