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SPY

The Biden-Harris Administration has announced a $3.5 billion investment to bolster domestic battery manufacturing. This initiative is part of the Bipartisan Infrastructure Law and aims to enhance the supply chain for electric vehicles (EVs) and energy storage. The funding will be allocated to build and expand facilities that produce batteries and components, as well as for recycling old batteries. This move is expected to reduce reliance on foreign supply chains and create jobs in the United States.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 3:59 pm

TRU

TransUnion shares are trading higher following the announcement of its transformation program aimed at cost reduction, innovation acceleration, and growth enhancement.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 3:55 pm

PEP

New York State has filed a lawsuit against PepsiCo, as reported by Reuters based on court documents. The lawsuit pertains to an environmental matter, although specific details of the allegations or the nature of the environmental issue were not provided in the article.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 3:51 pm

VEON

VEON Ltd. (NASDAQ:VEON) has appointed Michael R. Pompeo as an independent non-executive director of Kyivstar's Board and CEO Kaan Terzioglu as Chair of the same board. This follows VEON's challenge to a freeze on its corporate rights in Ukraine and its commitment to invest $600 million in the country. VEON has also completed the sale of its Russian subsidiary. Shares of VEON are up 3.16% to $20.22.

Portfolio Pulse from Nabaparna Bhattacharya

November 15, 2023 | 3:42 pm

GM

Over 60% of UAW workers at General Motors' Texas plant have voted in favor of a new contract, according to Reuters citing the union.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 3:27 pm

AAPL

GSAT

Apple has announced the extension of its Emergency SOS via satellite service for an additional free year for existing iPhone 14 users. The service, which allows users to text emergency services outside of cellular and Wi-Fi coverage, has been credited with saving lives. It is now available on iPhone 15 in 16 countries. Apple also introduced Roadside Assistance via satellite and other safety features like Crash Detection and Medical ID.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 3:19 pm

KNTE

Kinnate Biopharma Inc (NASDAQ:KNTE) shares surged after Foresite Capital Management and OrbiMed Advisors expressed interest in potentially acquiring the company. Kinnate, a clinical-stage precision oncology company, has been focusing on cancer-targeted therapies and recently prioritized certain programs while reducing its workforce by 70%. The company's cash reserves are expected to fund operations into Q2 2026. KNTE's stock price jumped 45.60% to $2.29.

Portfolio Pulse from Vandana Singh

November 15, 2023 | 3:02 pm

YNDX

Yandex NV (NASDAQ:YNDX), often referred to as 'Russia's Google', is considering a complete sell-off of its Russian assets. The Dutch holding company aims to finalize the deal by the end of the year and refocus on international business lines. The potential deal value is estimated to be around 560 billion roubles ($6.18 billion), with previous bids for half the company at $7 billion. Yandex has faced challenges due to geopolitical tensions and pressure from the Kremlin, leading to the sale of certain assets to VK and a corporate restructuring to depoliticize its operations. A board meeting in Dubai is scheduled for the end of November to discuss the deal, which requires shareholder and Russian government approval.

Portfolio Pulse from Vandana Singh

November 15, 2023 | 2:58 pm

AMGN

deCODE Genetics, a subsidiary of Amgen, published a study in the New England Journal of Medicine on actionable genotypes in the Icelandic population. The study found that 4% of Icelanders carry genotypes associated with serious diseases, which can significantly shorten lifespan. The Icelandic government is motivated by these findings to pursue a nationwide precision medicine effort. Amgen's deCODE has discovered genetic risk factors for many diseases and aims to improve disease diagnosis, treatment, and prevention.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:54 pm

CCF

KKR

Chase Corporation has announced that Lance Reisman will become the Chairman of the Board when a transaction is finalized. No further details about the transaction were provided in the news snippet.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:27 pm