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Partnerships

BA

SPY

FAA Administrator Whitaker announced an expected agreement on milestones with Boeing within 30 days, crucial for resuming increased production of the 737 model. This development is significant for Boeing's operational and financial outlook, potentially impacting its stock performance.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 5:55 pm

JFBR

MESO

PIK

Mesoblast Limited's shares surged by 13.4% after announcing FDA support for an accelerated approval pathway for rexlemestrocel-L. Other stocks also saw significant movements, with Kidpik Corp. leading the gainers with a 238% increase following a reverse stock split announcement. On the losers' side, Jeffs' Brands Ltd dropped by 45.2%. The market movements were influenced by various factors including FDA approvals, strategic plans, financial results expectations, and investment proposals.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 5:41 pm

BABA

E-House's restructuring efforts have stalled due to its inability to use its CRIC asset as collateral for a rights issue, necessary for raising funds. The company faces significant financial difficulties, with over 5 billion yuan in interest-bearing liabilities and upcoming loans and convertible notes. Its situation is exacerbated by the real estate market downturn, affecting its main revenue source from property developers. E-House had planned to raise funds through a rights issue and inject its assets into a joint venture with Alibaba, but the plan is now on hold.

Portfolio Pulse from The Bamboo Works

March 11, 2024 | 5:20 pm

AMC

AMC Theatres announced the expansion of its grocery store popcorn distribution to include Publix, Kroger, and Amazon.com, more than doubling its retail outlets. This move comes after a successful nationwide rollout to over 2,700 Walmart stores. The expansion includes AMC Theatres Microwave Popcorn and Ready-To-Eat Popcorn varieties, now available in several flavors at these new retail locations and online. The decision is based on strong consumer demand for AMC's popcorn products.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 5:10 pm

DADA

Jefferies has maintained its Buy rating for Dada Nexus (NASDAQ:DADA) but lowered its price target from $8.60 to $2.90. Dada Nexus, a leading crowdsourced delivery service in China, saw its shares trading up 1.3% at $2.34. The new price target suggests a potential 23.93% increase. Dada Nexus operates Dada Now and JD Daojia, with significant ownership by JD.com and Walmart Inc. It competes with SF Intra-City, Didi, and Meituan in various segments.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 5:00 pm

VOLVF

WPRT

Westport Fuel Systems Inc. (NASDAQ:WPRT) shares surged after announcing an investment agreement to form a joint venture with Volvo AB (OTC:VOLVF) for the commercialization of its HPDI fuel system technology. The technology aims to replace greenhouse gas-emitting fuels with carbon-neutral alternatives in long-haul and off-road applications. Volvo Group will acquire a 45% interest in the JV for about $28 million, with an additional $45 million earn-out based on performance. The JV is expected to become operational in Q2 2024.

Portfolio Pulse from Lekha Gupta

March 11, 2024 | 4:36 pm

CZR

Caesars Sportsbook, operated by Caesars Entertainment, Inc. (NASDAQ:CZR), has expanded its mobile sports wagering to statewide in North Carolina, building on its initial offering on Eastern Band of Cherokee Indians Tribal Lands and at Harrah's Cherokee Casino Resort and Harrah's Cherokee Valley River Casino & Hotel. The expansion allows sports fans 21 and older across the state to place mobile sports wagers via the Caesars Sportsbook app or desktop. The launch is part of Caesars' ongoing partnership with the Eastern Band of Cherokee Indians and integrates with Caesars Rewards, offering users rewards for their wagering activity. The app features a wide range of betting options, including live betting and streaming of NFL games. Caesars is also emphasizing Responsible Gaming education with its 21+ policy as it expands into more jurisdictions.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 4:12 pm

MGM

BetMGM, a leading sports betting and iGaming operator, has launched mobile sports betting in North Carolina, offering a wide range of betting options and real-world rewards. The launch includes a partnership with Charlotte Motor Speedway to enhance race day experiences and an extended partnership with Richard Childress Racing. BetMGM's platform features advanced technology for pre-game and in-game betting, a loyalty program with MGM Resorts, and a focus on responsible gambling with resources like GameSense.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 4:08 pm

RVSN

Rail Vision's stock is trading higher following the announcement of receiving an order for its AI-based safety system from a Class 1 U.S. railroad company.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:01 pm

INTC

Intel announced the release of Continuous Profiler to open source, developed by Intel Granulate. This tool, used by companies like ironSource, ShareChat, and Snap Inc., optimizes CPU performance by identifying bottlenecks. It combines multiple profilers into a unified flame graph, automating the optimization process. Continuous Profiler is SOC2-certified, supports various programming languages without code changes, and is part of Intel's commitment to the open source community. Intel aims to refine the tool with the community's help for better application performance.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:01 pm