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Marketing

SBEV

SEAS

Splash Beverage Group, Inc. has announced a partnership with Sea World Parks & Entertainment, making its Pulpoloco Sangria available at Sea World venues. This collaboration aims to enhance the beverage options available to visitors at Sea World parks, potentially increasing sales and visibility for Splash Beverage's product.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 2:01 pm

DELL

INTC

LNVGF

Lenovo's shares plummeted nearly 10% following a Newsweek article citing China Tech Threat's advice to ban Lenovo PCs in the U.S. due to espionage risks. This has raised concerns about Lenovo's future in its significant North American market, which represents 36% of its revenue. Additionally, Intel's lower-than-expected revenue forecast has sparked fears of a PC demand slowdown, potentially impacting Lenovo. Meanwhile, speculation exists that Dell, a major rival and financial backer of China Tech Threat, might be influencing these developments to harm Lenovo.

Portfolio Pulse from The Bamboo Works

February 06, 2024 | 2:01 pm

COTY

Coty Inc. (NYSE:COTY) has entered into a long-term agreement with Italian luxury fashion brand Marni to develop, produce, and distribute a line of fragrances and beauty products beyond 2040, aiming to strengthen its presence in the luxury fragrance segment, particularly in Asia and Europe. This partnership aligns with Coty's strategic direction of focusing on fashion-driven licenses with multi-category potential. The first product launch is expected in 2026. Additionally, Coty renewed its license agreement with bruno banani for over twenty years, targeting younger consumers and the scented care market.

Portfolio Pulse from Nabaparna Bhattacharya

February 06, 2024 | 2:01 pm

RIVN

TSLA

UBS

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin remain strong despite market volatility due to rate anxiety. GM recalls over 300,000 trucks for tailgate issues. Janet Yellen highlights crypto risks, urging legislative action. Symbotic reports weak sales, affecting pre-market session. Deutsche Bank retracts US recession forecast. Arm Holdings and Palantir show strong performance, while Alibaba faces a potential further slide. Tesla's market could expand significantly with a new $25K EV. Rivian announces R2 EV launch date. UBS announces a $1B share buyback. China's Orienspace to compete with SpaceX. BP shares surge.

Portfolio Pulse from Akanksha Bakshi

February 06, 2024 | 1:33 pm

QUAD

Quad (NYSE:QUAD), a marketing experience company, has acquired DART Innovation, a provider of in-store digital media solutions. This acquisition enables Quad to offer an integrated purchasing journey across home, online, and in-store environments, enhancing the shopping experience for retailers, consumer packaged goods (CPGs), and consumers. DART's technology allows for targeted ads on digital screens at the point of purchase, promising benefits for retailers, CPGs, and consumers by driving sales and improving the shopping experience. The move is supported by industry data indicating the significant role of in-store retail sales in the U.S. economy.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:33 pm

SCPX

NightHawk Biosciences has officially changed its name to Scorpius Holdings, Inc. and will trade under the new ticker 'SCPX' starting February 6, 2024. This change reflects the company's transition to a specialized contract development and manufacturing organization (CDMO) focusing on large molecule biomanufacturing. The company's share structure and shareholder rights remain unaffected. CEO Jeff Wolf highlighted the strategic move to address the biopharmaceutical sector's demand for clinical-scale biologic manufacturing, noting positive feedback and an enhanced sales pipeline.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:18 pm

AAPL

AMZN

GOOG

Amazon.Com, Inc (NASDAQ:AMZN) has partnered with UK publisher Reach to use customer data for better online ad targeting, as the industry adapts to Google's (NASDAQ:GOOG) (NASDAQ:GOOGL) and Apple Inc's (NASDAQ:AAPL) move away from third-party cookies. This strategy aims to enhance privacy while maintaining ad relevance by utilizing first-party data and contextual advertising. The shift is seen as crucial for the future of the $600 billion online advertising sector.

Portfolio Pulse from Anusuya Lahiri

February 06, 2024 | 12:29 pm

JPM

JPMorgan Chase aims to expand its physical presence by building 500 new branches within the next three years, with a strategic goal of securing a 20% share of U.S. deposits.

Portfolio Pulse from Charles Gross

February 06, 2024 | 10:32 am

MSFT

TEAM

GitHub co-founder Chris Wanstrath was banned from the platform he created, without explanation. He announced moving his code to BitBucket, owned by Atlassian Corporation Plc (NASDAQ:TEAM). The ban, later lifted by GitHub COO Kyle Daigle, highlighted issues with GitHub's automation systems and raised concerns about trust among the developer community. GitHub is owned by Microsoft Corp. (NASDAQ:MSFT).

Portfolio Pulse from Rounak Jain

February 06, 2024 | 8:31 am

HYMTF

Hyundai Motor Company (OTC:HYMTF) is launching an electric version of its Casper mini SUV in Europe, priced at approximately $21,515, with a 190-mile range. This move aims to expand Hyundai's electric vehicle portfolio and compete with Tesla and Volkswagen in the European market. The Casper EV, cheaper than Hyundai's Kona EV, is part of Hyundai's strategy to regain market share in Europe and follows its efforts to offer cash bonuses in the US to sidestep tax credit barriers.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 7:53 am