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FFNTF

ITHUF

JSDA

XBRAF

XXII

The cannabis industry sees a wave of executive appointments and board updates. Aaron Lopez is now the head of the National Hispanic Cannabis Council. The Blinc Group, 22nd Century Group, and Healing Commercial Real Estate Inc. have appointed new CEOs. 22nd Century Group (XXII) also sold its hemp/cannabis operations to Specialty Acquisition Corporation. Xebra Brands Ltd. (XBRAF) and iAnthus Capital Holdings, Inc. (ITHUF) elected new board directors. 4Front Ventures Corp. (FFNTF), Wana Brands, Jones Soda Co. (JSDA), FundCanna, FloraWorks Holdings Inc., and Ziel announced other key appointments.

Portfolio Pulse from Jelena Martinovic

December 04, 2023 | 10:46 pm

NPCE

NeuroPace has entered into a strategic collaboration to provide biomarker monitoring and data analysis capabilities using its RNS System. A clinical-stage biotechnology company will pay NeuroPace up to $3.7 million over two years for non-exclusive access to these services for its clinical trial patients.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 10:09 pm

NPCE

NeuroPace, Inc. has entered into a collaboration with Rapport Therapeutics to share site data for Rapport's Phase 2a trial of their GABA A receptor-associated protein compound.

Portfolio Pulse from Charles Gross

December 04, 2023 | 10:09 pm

CTSH

The University of Melbourne has selected Cognizant (CTSH) to develop data-driven and personalized experiences for students, staff, and alumni to improve engagement.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 10:01 pm

CSWI

TRC

Tejon Ranch Co. (NYSE:TRC) and Majestic Realty Co. have announced a new lease with RectorSeal, LLC, a subsidiary of CSW Industrials, Inc. (NASDAQ:CSWI), at the Tejon Ranch Commerce Center (TRCC). RectorSeal will occupy 240,000 square feet in a 480,000-square-foot industrial facility. This lease is part of a series of transactions at TRCC, which is a 1,450-acre master-planned commercial/industrial development. The move reflects RectorSeal's strategic relocation to be closer to customers and benefit from TRCC's location, amenities, and labor pool. TRCC hosts other major tenants like IKEA and L'Oréal and offers tax rebate incentives.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 9:31 pm

SIRI

Sirius XM Holdings Inc. (NASDAQ:SIRI) stock is trading lower, down 6.86% at $4.55. The stock rose in mid-November due to softer-than-expected October inflation data and Berkshire Hathaway's purchase of 9.68 million shares in Q3. However, the stock has been declining since its peak on November 15, with a significant drop on Monday. Sirius XM also announced a collaboration with Rivian for a three-month trial subscription service starting in 2024.

Portfolio Pulse from Ryan Gustafson

December 04, 2023 | 8:53 pm

MULN

Mullen Automotive has delivered electric vehicles to Randy Marion Automotive Group for customer sales. The financial details of the transaction were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 8:04 pm

CRM

NVDA

Mistral AI, a competitor to OpenAI, is close to securing approximately €450 million in funding, valuing the company at around $2 billion. The funding round includes major contributions from Nvidia Corp. and Salesforce Inc., with Andreessen Horowitz leading the equity investment. The round consists of over €325 million in equity and €120 million in convertible debt. Some insiders, including adviser Cedric O, are expected to sell parts of their stakes.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 8:02 pm

IBM

PANW

IBM Consulting and Palo Alto Networks have announced the expansion of their strategic cybersecurity partnership. This collaboration aims to enhance enterprise security by advancing AI security operations and accelerating cloud transformation. The partnership will focus on modernizing security operations with IBM's Cybersecurity Services and Palo Alto Networks' Cortex platform, as well as securing cloud transformations using Prisma Cloud. IBM has trained its teams on Cortex XSIAM and will offer 24x7 monitoring and remediation services. The partnership builds on IBM X-Force's integration with Palo Alto Networks' Cortex products.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 7:04 pm

CMCSA

DIS

Comcast Corp (NASDAQ:CMCSA) stock is up due to Peacock reaching 30 million paying subscribers and positive insights shared by President Mike Cavanagh at the UBS Global Media and Communications conference. Cavanagh highlighted Peacock's $10 ARPU, NBCUniversal's creator-friendly approach, and a recent $8.5 billion payment from Walt Disney Co (NYSE:DIS) related to Hulu. He also discussed theme park strategies and Comcast's strong financial position for potential M&A, while emphasizing organic growth. Comcast's Q3 FY23 revenue growth of 0.9% to $30.12 billion exceeded expectations, with an adjusted EPS of $1.08 surpassing the consensus of $0.95.

Portfolio Pulse from Anusuya Lahiri

December 04, 2023 | 6:58 pm