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GM

General Motors Co. (GM) is reentering the European market with its Cadillac brand, starting with the battery-powered Cadillac Lyriq SUV in Switzerland. Deliveries are expected to start in the first half of 2024. Over the next two years, GM plans to expand its electric models to Sweden, France, and three other European countries.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:51 pm

DELL

Dell Technologies Inc is set to offer updates to its long-term financial framework during its Securities Analyst Meeting. The updates include an increase to the company's share repurchase authorization, a boost to its annual capital return target, and a commitment to grow the dividend. The company plans to increase its share buyback authorization by $5 billion and expects to grow its quarterly dividend by 10% or more annually through fiscal 2028.

Portfolio Pulse from Anusuya Lahiri

October 05, 2023 | 1:45 pm

AMZN

MSFT

The UK's anti-competition regulators have initiated an investigation into the dominance of Microsoft Corp (MSFT) and Amazon.Com Inc (AMZN) in the cloud computing market. The investigation, led by media watchdog Ofcom and the Competition and Markets Authority (CMA), will focus on the companies' control over the market and its impact on competition and business operations. AWS and Azure, the cloud services of Amazon and Microsoft respectively, command 60% to 70% of the cloud expenditure. The investigation is expected to conclude by April 2025.

Portfolio Pulse from Anusuya Lahiri

October 05, 2023 | 1:40 pm

TRNO

Terreno Realty Corporation (NYSE:TRNO) has sold an industrial property in Hanover, Maryland for approximately $18.0 million. The property, which was purchased by Terreno Realty Corporation in 2016 for approximately $8.2 million, is 100% leased to one tenant. The unleveraged internal rate of return generated by the investment was 17.5%.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:18 pm

TSXV:SNYB

Canadian cannabis company Shiny Health & Wellness Corp. announced a non-brokered private placement of up to $500,000. The first tranche of the offering, amounting to $225,000, will close upon acceptance by the TSXV. The funds raised will be used for general working capital requirements, including advancing the company's cannabis line of business performance by increasing store inventory, store build-outs, and acquisitions.

Portfolio Pulse from Nina Zdinjak

October 05, 2023 | 1:15 pm

BB

BlackBerry Ltd (NYSE:BB) announced plans to separate its IoT and Cybersecurity businesses, with an IPO for the IoT business planned for the first half of the next fiscal year. The separation is expected to improve operational agility and focus on delivering solutions to customers. BlackBerry's Q2 financial results showed IoT revenue of $49 million and cybersecurity revenue of $79 million. The stock is covered by four analyst firms, with one Buy rating and three Neutral ratings.

Portfolio Pulse from Adam Eckert

October 05, 2023 | 12:53 pm

DDD

3D Systems (NYSE:DDD) has announced the MJP 300W and VisiJet® Wax Jewel Ruby, two additions to its portfolio of solutions for jewelry manufacturing. The MJP 300W is a wax 3D printer designed to enhance productivity, efficiency, and design freedom in jewelry manufacturing workflows. The VisiJet Wax Jewel Ruby is a temperature-stable pure wax material that maintains intricate jewelry designs during the molding process. The global 3D-printed jewelry market is expected to exceed $22 billion by 2030.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:44 pm

COSM

Cosmos Health Inc. (NASDAQ:COSM) CEO Greg Siokas has issued a letter to shareholders outlining the company's strategic plans and financial outlook. The company has introduced its 2026 guidance, expecting to achieve over $180M in gross annual revenue and EBITDA in excess of $20M. The company has completed three acquisitions in 2023 and is making progress in R&D. The company is also considering spinning off its R&D division into a standalone, publicly listed biotech company. The CEO has invested more than $15M since inception, including almost $1M YTD.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:43 pm

BX

AI-powered payments startup Stampli has raised $61 million in a Series D funding round led by Blackstone (NYSE:BX) managed funds. Other contributors included Insight Partners, SignalFire, Bloomberg Beta, and NextWorld Capital. This investment brings Stampli's total capital to $148 million. Blackstone has stakes in over 230 companies and 12,600 real estate assets.

Portfolio Pulse from Khyathi Dalal

October 05, 2023 | 12:42 pm

DELL

Dell Technologies has updated its long-term value creation framework, which now includes an increase to its adjusted EPS target of 8% annual growth or better over the long term.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:40 pm