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DIS

NFLX

The International Alliance of Theatrical Stage Employees (IATSE) has reached a preliminary agreement with the Alliance of Motion Picture and Television Producers (AMPTP), which includes major studios like Walt Disney Co and Netflix Inc. The deal includes salary increases and AI safeguards to protect jobs.

Portfolio Pulse from Shivani Kumaresan

June 26, 2024 | 10:05 am

CVNA

Carvana has announced the expansion of its same-day vehicle delivery service to select residents in the Greater Richmond, Virginia area.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 10:02 am

HITI

High Tide Inc. (NASDAQ:HITI) announced the acquisition of a retail cannabis store in Mississauga, Ontario for $600,000. The store, currently operating as Cantopia, is located in a busy retail plaza.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 10:01 am

AMD

MSFT

NVDA

The UAE is advancing its AI ambitions with a $1.5 billion investment from Microsoft in a local AI firm, signaling deeper collaboration with the U.S. This partnership is part of the UAE's strategy to diversify its economy and become a global AI leader by 2031. The U.S. has also temporarily halted AI chip exports to the Middle East, affecting Nvidia and AMD.

Portfolio Pulse from Benzinga Neuro

June 26, 2024 | 9:48 am

IYE

XLE

XOM

Guyana's Ministry of Natural Resources has selected Fulcrum LNG, led by a former Exxon Mobil executive, to partner with Exxon on a new natural gas project. Fulcrum LNG was chosen for its comprehensive proposal among 17 bidders. Preliminary discussions are underway.

Portfolio Pulse from Lekha Gupta

June 26, 2024 | 9:35 am

SPY

TM

Toyota is recalling 145,254 vehicles in the U.S. due to an issue with the side curtain air bag deployment, as reported by Reuters citing the NHTSA.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 9:31 am

CMCSA

IYZ

VOX

Comcast's Universal division is considering a new theme park in the U.K., potentially creating 28,000 jobs and generating £35.1 billion ($44.5 billion) in economic impact. The decision will be made later this year, with a possible 2030 opening. Comcast's Q1 revenue beat estimates, but the stock has declined over the past year.

Portfolio Pulse from Shivani Kumaresan

June 26, 2024 | 9:24 am

BA

Elon Musk criticized Boeing's leadership for lacking engineering expertise amid the company's ongoing crises, including potential criminal charges related to the 737 Max crashes and delays in the Starliner spacecraft's mission. Musk highlighted the contrast between Boeing's struggles and SpaceX's successes.

Portfolio Pulse from Anan Ashraf

June 26, 2024 | 9:10 am

ENTG

Entegris (NASDAQ:ENTG) has signed a Preliminary Memorandum of Terms with the U.S. Department of Commerce for up to $75 million in funding under the CHIPS and Science Act. This funding will support a new manufacturing facility in Colorado Springs, creating 600 jobs and bolstering the U.S. semiconductor manufacturing infrastructure.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 9:08 am

WENA

ANEW Medical, Inc. (NASDAQ:WENA) has been granted a European patent for its innovative neurodegenerative therapy. This patent covers the use of the Klotho gene sequence and gene delivery systems for treating cognitive and memory disorders. The company plans to expand its intellectual property portfolio into Asian markets in 2024.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 9:02 am