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ANSS

Ansys (NASDAQ:ANSS) has appointed Rachel Pyles as its new Chief Financial Officer, effective February 22, 2024, replacing Nicole Anasenes. Pyles, who joined Ansys in early 2023, brings extensive experience in finance, FP&A, and mergers and acquisitions. Anasenes will serve as a strategic adviser until June 2024 to ensure a smooth transition. The leadership change comes as Ansys prepares for a planned combination with Synopsys next year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:05 pm

ADBE

Adobe introduces AI Assistant in beta for Reader and Acrobat, leveraging generative AI to enhance digital document experiences. This new feature generates summaries, answers questions, and formats information for sharing, aiming to unlock value from the world's PDFs. AI Assistant is built on Acrobat Liquid Mode's AI and machine learning models, ensuring quality outputs. Initially available to Acrobat Individual, Pro, Teams customers, and Pro trialists, it will soon extend to Reader users. Adobe emphasizes data security, with no customer content stored or used without consent.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:02 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) is set to invest $2.1 billion in Spain to expand its artificial intelligence (AI) and cloud infrastructure over the next two years. This move follows a $3.45 billion investment in Germany, emphasizing Microsoft's commitment to AI and digital transformation globally. The investment aims to support Spain's security, government, businesses, and citizens' digital transformation, reflecting Microsoft's long-term commitment to the country.

Portfolio Pulse from Anusuya Lahiri

February 20, 2024 | 2:02 pm

ACB

Aurora Cannabis Inc (NASDAQ:ACB) announced the completion of its share consolidation on a 10 to 1 basis, effective at market open Tuesday. Additionally, Simona King, a former Bristol Myers-Squibb executive, has been appointed as CFO, replacing Glen Ibbott who will step down but remain in an advisory role for a smooth transition. The company's stock is in the spotlight due to these changes.

Portfolio Pulse from Adam Eckert

February 20, 2024 | 1:57 pm

BJ

STZ

Constellation Brands, Inc. (NYSE:STZ) announced the election of Christopher J. Baldwin as the new non-executive chair of the board, effective March 1, 2024. Baldwin, a managing partner at CVC Advisors and former executive at BJ's Wholesale Club Holdings Inc. (NYSE:BJ), brings extensive experience in consumer packaged goods and retail industries. The board also accepted the resignation of Susan Somersille Johnson, effective February 17, 2024. These changes are part of Constellation's ongoing board refreshment and governance enhancement process.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:55 pm

CASA

Casa Systems (NASDAQ:CASA) has developed a cloud-native Access Gateway Function (AGF) solution, successfully deployed on Amazon Web Services (AWS), to enhance wireless wireline convergence (WWC) in hybrid cloud environments. This breakthrough allows service providers to reduce redundant network components, lowering capital and operational expenses. The solution, integrating with Amazon Elastic Kubernetes Service (Amazon EKS) Anywhere, offers seamless service continuity across various networks, optimizing network infrastructure, simplifying management, and improving customer experience with potential for significant cost savings.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:50 pm

ALSN

Allison Ventures, the venture capital arm of Allison Transmission, has made a strategic investment in Niron Magnetics, a company specializing in sustainable non-rare earth permanent magnets. This investment aims to advance clean energy solutions and reduce reliance on critical materials. Niron Magnetics' technology, which avoids the use of rare earth elements, is set to revolutionize the magnet industry and support the global shift towards electrification in the mobility industry.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:48 pm

AMRC

Ameresco, Inc. (NYSE:AMRC) has announced the commencement of operations at its 5.2 MWe renewable natural gas (RNG) plant at Republic Services' Brickyard Landfill in Danville, Illinois. The facility is designed to reduce over 27,000 tons of carbon dioxide emissions annually by converting landfill gas into pipeline-grade RNG, which can be used as a low-carbon transportation fuel. This project aligns with Republic Services' sustainability goals and represents Ameresco's 12th renewable energy project with Republic, with another 10 in various stages of development. The initiative underscores both companies' commitment to decarbonization and sustainable energy solutions.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:44 pm

DMRC

Digimarc Corporation (NASDAQ:DMRC) collaborates with GS1 to release the GS1-Conformant Resolver standard, enhancing the GS1 Digital Link standard. This collaboration aims to simplify sharing product information across brands, retailers, and consumers by upgrading traditional barcodes for web connectivity and smartphone interaction. Digimarc's product, Digimarc Engage, leverages this standard to offer personalized digital experiences to consumers and supply chain partners, marking a significant step in product digitization.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:41 pm

LYB

LyondellBasell (NYSE:LYB) has acquired mechanical recycling assets in California from PreZero, including a facility with a 50 million pounds per year production capacity. The company plans to operate this facility to produce recycled resins under its CirculenRecover brand, aiming to commence operations in 2025. This move is part of LYB's strategy to enhance its U.S. presence, support the circular economy for plastics, and meet the growing demand for sustainable products.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:41 pm