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TGAA

Target Global Acquisition I Corp. (NASDAQ:TGAA) has announced an extension of the deadline to complete its initial business combination from September 13, 2023, to October 13, 2023. This extension was requested by Target Global Sponsor Ltd and approved by the company's board of directors. The company also announced that the Sponsor will deposit $90,000 into the company's trust account in connection with the extension.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 8:04 pm

NKLA

Nikola Corp reported a thermal incident with one of its engineering validation battery-electric trucks near its Phoenix headquarters. No injuries were reported.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 7:37 pm

RIOT

Riot Platforms, Inc. (NASDAQ:RIOT) has clarified its power strategy following a CNBC report that claimed Texas paid the company $31.7 million to shut down during a heat wave in August. Riot stated that it provided over 84,000 megawatt hours of energy to the Texas market to reduce demand and stabilize the grid during the heat wave. The company earned approximately $7 million from the Electric Reliability Council of Texas, Inc. (ERCOT) ancillary services program and sold approximately $24 million of pre-purchased energy to its energy provider, TXU.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 7:15 pm

HAIA

Healthcare AI Acquisition Corp has appointed Xiaocheng Peng as CFO and a non-independent director of the company. The board has also accepted the resignation of Weiyi Zheng as a director of the company.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 5:20 pm

BCS

Barclays Plc is planning to cut hundreds of jobs across its trading and investment bank divisions in an effort to reduce costs. The cuts will affect about 5% of client-facing staff in the trading division and some dealmakers globally. The firm is also preparing to restructure teams within its UK consumer-banking unit.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 5:18 pm

CHTR

DIS

Governor Hochul has announced that the Department of Public Service (DPS) has sent a letter to Charter Communications (CHTR) in an effort to hold the company accountable and deliver refunds to customers affected by a lapse in Disney-owned (DIS) programming.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 4:02 pm

CHTR

DIS

Governor Kathy Hochul has urged Spectrum (Charter Communications) and Disney to resolve their dispute as soon as possible. She has also directed the Department of Public Service to hold Charter Spectrum accountable for swiftly delivering refunds to New York customers.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 4:02 pm

STLA

Stellantis North America COO, Mark Stewart, has announced the company's first economic proposal to the UAW, which includes significant wage increases each year of the contract, a one-time inflation protection payment, and the addition of Juneteenth as a paid holiday. The proposal also includes wage increases for supplemental and in-progression employees. The company aims to reach a fair agreement by the deadline.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 3:33 pm

AAPL

CVX

GOOG

HOFT

ILMN

LLY

PVH

SPOT

STLA

TWTR

Elon Musk's acquisition of Twitter (now X) has reportedly lost 90% of its value. General Motors' wage offer has been branded as 'insulting' by UAW President Shawn Fain. Stellantis has opened its first Battery Technology Center in Italy. Kroger and Albertsons have agreed to sell select assets to C&S Wholesale Grocers for $1.9 billion. Kroger also reported a Q2 sales decline and reached a settlement for opioid claims. UK's NICE has endorsed Eli Lilly's diabetes medication, Mounjaro. Hooker Furnishings reported a Q2 sales decline. PVH Corp's subsidiary, Calvin Klein, has signed a licensing deal with Revman. Apple has responded to the discovery of zero-day exploits. Workers at Chevron's LNG projects in Australia have gone on strike. Zoom has engaged with regulators over Microsoft's perceived anticompetitive behavior. Google has cut ties with Joshua Wright over sexual harassment allegations. Goldman Sachs is preparing for another round of job cuts. Spotify plans to offer free audiobooks to its paying subscribers. Carl Icahn has shown support for Illumina's new CEO.

Portfolio Pulse from Vandana Singh

September 08, 2023 | 2:32 pm

AAPL

Apple Inc has promptly responded to the discovery of zero-day exploits used against a member of a civil society organization in Washington, D.C. The exploits were uncovered by Citizen Lab, an internet watchdog group. Apple's recent security update patches these vulnerabilities, ensuring the protection of iPhone users. The zero-day exploits were part of an exploit chain designed to deliver NSO Group's notorious Pegasus malware. The incident highlights the role of civil society organizations as early warning systems for global cybersecurity.

Portfolio Pulse from Anusuya Lahiri

September 08, 2023 | 2:08 pm