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FEAM

GLDG

METC

ZEUS

5E Advanced Materials, Inc. (FEAM) has hired Fluor Corporation for engineering and construction services, advancing its Boron and Lithium project. GoldMining Inc. (GLDG) sold Nutmeg Mountain to NevGold Corporation (NAUFF) for $3 million in shares, retaining a significant stake in NevGold. Ramaco Resources, Inc. (METC) is under investigation by Bragar Eagel & Squire, P.C. following a negative report by Wolfpack Research. Olympic Steel Inc. (ZEUS) promoted Anthony G. Dominic as VP of Safety, Health and Environment.

Portfolio Pulse from Austin DeNoce

January 19, 2024 | 8:53 pm

HUT

Hut 8 Corp. has acknowledged a short report by J Capital Research, which stands to profit if Hut 8's share price falls. The company is reviewing the report and will update as necessary. Hut 8's management and Board express confidence in the company's merger, financial strength, and future success, and remain committed to growth for shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 8:51 pm

FOXO

FOXO Technologies Inc. has entered into a Master Software and Services Agreement with KR8 AI Inc. to use and develop an AI machine learning app based on FOXO's epigenetic biomarker technology. The agreement includes an initial fee of $2.5M, a monthly maintenance fee of $50K, and a 15% royalty on Subscriber Revenues. The agreement is limited to the U.S., Canada, and Mexico, and has provisions for termination under certain conditions, including material breaches and insolvency events.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 8:50 pm

MSFT

Microsoft Corporation's (NASDAQ:MSFT) $10-billion investment in OpenAI, the parent company of ChatGPT, is potentially facing probes by the U.S. Department of Justice and the Federal Trade Commission over antitrust concerns. The agencies are discussing which one should investigate the partnership, as both have shown interest and do not want to relinquish jurisdiction. The deal was not reported for antitrust review, and the hiring of OpenAI's CEO by Microsoft has raised additional concerns. The FTC is also investigating OpenAI over consumer privacy issues, while the UK's Competition and Markets Authority and the European Commission have expressed antitrust concerns. Microsoft's stock is trading at all-time highs, reflecting the success of its AI investments.

Portfolio Pulse from Chris Katje

January 19, 2024 | 8:24 pm

ALK

BA

GE

GE Aerospace is assisting in the investigation of an engine failure on a Boeing 747-8 cargo plane, operated by Atlas Air, which made an emergency landing at Miami International Airport. The incident involved one of the four GEnx-2B engines manufactured by GE Aerospace. Both the Federal Aviation Authority and the National Transportation Safety Board are involved in the investigation. This follows another recent incident involving Boeing, which has impacted the company's reputation.

Portfolio Pulse from Neil Dennis

January 19, 2024 | 7:51 pm

MSFT

SPY

The Department of Justice (DOJ) and the Federal Trade Commission (FTC) are both seeking to investigate Microsoft's partnership with OpenAI, according to Politico. This move indicates increased scrutiny over potential antitrust issues that could arise from the collaboration. The investigation could have implications for Microsoft's strategic initiatives and market competition.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 7:22 pm

AREN

Sports Illustrated faces mass layoffs following a missed $2.8-million licensing payment by Arena Group Holdings Inc (NYSE:AREN) to Authentic Brands Group. Authentic has terminated the licensing agreement with Arena Group, which could result in the layoff of all Sports Illustrated staff. The Sports Illustrated Union and the NewsGuild of New York have issued a statement urging Authentic to continue publishing the magazine. Arena Group's stock price dropped 18.08% to $1.06.

Portfolio Pulse from Dustin Blitchok

January 19, 2024 | 6:59 pm

LLY

TEVA

Eli Lilly And Co (NYSE:LLY) is under FDA scrutiny due to manufacturing issues at its Branchburg, New Jersey plant. The FDA found eight deficiencies during a July inspection, which could affect the production of drugs like Emgality, Trulicity, Erbitux, and Cyramza. Eli Lilly has addressed some issues on-site and is working on ongoing improvements. The Branchburg facility is also under a DOJ investigation for past manufacturing and data falsification issues. In a separate legal matter, a $176.5 million verdict against Eli Lilly for patent infringement in favor of Teva Pharmaceutical (NYSE:TEVA) was overturned.

Portfolio Pulse from Vandana Singh

January 19, 2024 | 6:21 pm

AREN

Arena Group Holdings Inc was notified by ABG-SI LLC of their intention to immediately terminate a licensing agreement dated June 14, 2019. As a result of the termination, Arena Group is required to pay a fee of $45 million to ABG-SI LLC, as per the SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 6:16 pm

LLY

The FDA has discovered manufacturing issues at an Eli Lilly plant in New Jersey. This could potentially impact the company's production capabilities and regulatory compliance.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 3:09 pm