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CURLF

New York's legal cannabis market has reached $654 million in sales, but social equity licensees face challenges. A report highlights issues such as unlicensed operators and financial obstacles for equity businesses. Only a few medical marijuana operators, including Curaleaf, have entered the adult-use market.

Portfolio Pulse from Franca Quarneti

October 03, 2024 | 11:45 pm

VALE

Vale SA plans to expand its copper production under new CEO Gustavo Pimenta, aiming to increase output to 500,000 tons. The company will invest $184 million in domestic critical minerals, focusing on nickel and cobalt. Vale faces challenges from a slowing Chinese economy and past legal issues.

Portfolio Pulse from Stjepan Kalinic

October 03, 2024 | 10:24 pm

META

Meta Platforms Inc. (NASDAQ:META) has paid over $2 billion to content creators in the past year to enhance monetization on Facebook. The company is launching a new platform, Facebook Content Monetization, to streamline and expand creator earnings. This move aims to compete with platforms like YouTube, which has paid $70 billion to creators over three years.

Portfolio Pulse from Chris Katje

October 03, 2024 | 10:11 pm

AFTLF

Afrimat (OTC:AFTLF), a South African mining company, is venturing into the hemp industry by partnering with Hemporium to use hemp-based materials for building expansion in Cape Town. This move aligns with South Africa's push to grow the hemp sector and Afrimat's sustainability initiatives.

Portfolio Pulse from Nicolás Jose Rodriguez

October 03, 2024 | 10:08 pm

HON

ISSC

Innovative Solutions & Support (IS&S) has acquired a license from Honeywell to manufacture, upgrade, and repair military display generators and flight control computers. This deal grants IS&S exclusive intellectual property rights and existing inventory, enhancing its military aviation capabilities.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 9:52 pm

PTEN

Patterson-UTI reported an average of 107 drilling rigs operating in the US for the three months ending September 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 9:50 pm

BMY

Bristol Myers Squibb announced that the FDA has approved the use of Opdivo (Nivolumab) in combination with chemotherapy for the perioperative treatment of resectable non-small cell lung cancer. This includes neoadjuvant treatment followed by surgery and adjuvant single-agent Opdivo.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 9:36 pm

CEG

VST

Vistra Corp. and Constellation Energy shares rose after RBC Capital raised their price targets due to increased energy demand for AI infrastructure. Vistra was the top performer in the S&P 500, with a 243% increase in 2024, while Constellation Energy rose 137% year-to-date.

Portfolio Pulse from Erica Kollmann

October 03, 2024 | 9:36 pm

IONQ

IonQ Inc (NYSE:IONQ) shares are experiencing volatility after announcing a significant milestone in quantum networking. The company successfully demonstrated remote ion-ion entanglement, marking progress in its scaling strategy. This follows a recent $54.5 million contract with the U.S. Air Force Research Lab and a forecast to nearly double its revenue for the third consecutive year.

Portfolio Pulse from Adam Eckert

October 03, 2024 | 9:25 pm

ETR

LMT

LOW

Seth Golden highlights that the S&P 500 has been overbought for a year, a rare occurrence historically associated with continued positive returns. Stocks like Lockheed Martin, Lowe's, and Entergy are currently overbought, with each facing unique market conditions.

Portfolio Pulse from Stjepan Kalinic

October 03, 2024 | 9:16 pm