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GNRC

Generac Holdings shares are experiencing an uptick in trading due to Hurricane Milton. As a manufacturer of generators and power equipment, the demand for Generac's products is likely to increase in response to the hurricane.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:03 pm

SGD

Safe and Green Development Corporation (NASDAQ:SGD) has secured a preliminary purchase commitment from Trio for its South Texas project, potentially generating up to $2.8 million in sales. The first 5 homes are expected to bring in $1 million in revenue.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:02 pm

LC

PGY

LendingClub and Pagaya have acquired assets from Tally Technologies. LendingClub aims to enhance its credit management solutions for its 5 million members, while Pagaya will integrate Tally's B2B credit management solution into its offerings for over 30 lending partners. The terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:01 pm

SPY

USO

VGK

Russian Deputy PM Novak stated it's too early to determine if the global market can handle more OPEC+ oil in December. No changes to the OPEC+ deal are being discussed, and the format for the Dec. 1 summit will be decided later.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:01 pm

CART

ROKU

Instacart and Roku have expanded their advertising partnership to introduce new shoppable formats and targeting capabilities. This collaboration aims to enhance the advertising efforts of consumer-packaged goods companies by making TV moments shoppable and providing valuable insights.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:00 pm

CI

CNC

CVS

HUM

UNH

The Biden-Harris Administration has proposed a Medicare $2 Drug List Model aimed at reducing prescription costs. The Centers for Medicare & Medicaid Services (CMS) is seeking feedback on a sample drug list and plans to start voluntary participation for Part D sponsors as early as January 2027. The model will include drugs for common conditions and will be updated periodically based on new generics, clinical indications, and pricing trends.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 12:57 pm

HAIL

HMC

Honda Motor Company (NYSE:HMC) is recalling 1.7 million vehicles due to a defect in the steering gearbox, causing increased friction and potential crash risks. This follows previous recalls for airbag and fire risks. HMC shares are down 1.72% premarket.

Portfolio Pulse from Lekha Gupta

October 09, 2024 | 12:55 pm

CLSD

Clearside Biomedical's shares rose following the successful results of its ODYSSEY Phase 2b trial for CLS-AX in treating Neovascular age-related macular degeneration, achieving both primary and secondary outcomes.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 12:52 pm

BCE

FX Innovation, a Bell Canada company, has acquired HGC Technologies to enhance its ServiceNow capabilities, aiming to expand in the U.S. market. This acquisition strengthens FX Innovation's position in digital workflow automation.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 12:51 pm

LQR

LQR House has announced a marketing partnership with Big Spoon to promote its non-alcoholic ready-to-drink (RTD) product line on CWSpirits. The partnership will focus on flavors like Gin & Tonic, Margarita, and Whiskey Ginger, using email, SMS, banner ads, and influencer content campaigns to boost awareness and sales.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 12:48 pm