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CGC

Canopy Growth Corporation (NASDAQ: CGC) reported a 7% year-over-year increase in Q4 net revenue, driven by strong performance in its subsidiary Storz & Bickel and growth in the Canadian and international cannabis markets. The company also achieved significant cost reductions and improved gross margins. CEO David Klein highlighted progress in reducing expenses, cash burn, and debt, and expressed optimism about regulatory shifts in Germany and the U.S. Canopy's shares traded 0.24% higher in pre-market trading.

Portfolio Pulse from Jelena Martinovic

May 30, 2024 | 12:55 pm

LYB

LyondellBasell (LYB) has acquired a 35% stake in Saudi Arabia-based National Petrochemical Industrial Company (NATPET) from Alujain Corporation. This acquisition will allow LYB to expand its core polypropylene business by leveraging advantaged feedstocks and increasing product marketing volumes.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 12:51 pm

FL

Foot Locker, Inc. (NYSE:FL) shares surged by 13.8% in premarket trading after reporting Q1 earnings that beat expectations. The company posted adjusted EPS of 22 cents, surpassing the street view of 12 cents, although sales slightly missed estimates. Despite a year-over-year decline in total sales and gross margin, Foot Locker's strategic initiatives and store updates have shown positive signs. The company reiterated its FY24 adjusted EPS guidance and expects a sales change of (1%)-1% for the year.

Portfolio Pulse from Nabaparna Bhattacharya

May 30, 2024 | 12:46 pm

VZ

Verizon Public Sector has been awarded a 10-year, $2.67 billion contract by the Department of the Navy to provide wireless devices and services. This contract, known as Spiral 4, aims to offer cost-effective and advanced wireless mobility solutions to military personnel and federal civilian agencies.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 12:44 pm

SON

Sonoco Products has opened a new Sonoco Metal Packaging Technical & Engineering Center, which is expected to enhance their capabilities in metal packaging solutions.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 12:44 pm

OSIS

OSI Systems has secured a $42 million contract from an international airport to provide checkpoint and hold baggage screening solutions.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 12:42 pm

RNXT

RenovoRx's CEO updated shareholders on the company's progress in Q1 2024, highlighting significant milestones, including $17.2 million raised, advancements in the Phase III TIGeR-PaC clinical trial, and the expansion of their TAMP therapy platform. Key management promotions and supportive research publications were also noted.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 12:42 pm

LAES

SEALSQ Corp (NASDAQ:LAES) has announced its support for the Connectivity Standards Alliance's development in Asia by joining the Japanese Interest Group (JIG). SEALSQ focuses on semiconductors, PKI, and post-quantum technology hardware and software products.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 12:41 pm

FXI

TSLA

Tesla is making a significant push to roll out its advanced Full Self-Driving (FSD) technology in China. This move is part of Tesla's broader strategy to expand its market share in the world's largest auto market. The company aims to introduce the FSD feature to Chinese consumers, which could potentially boost its sales and market presence in the region.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 12:41 pm

STSS

Sharps Technology has signed a 5-year, $200 million syringe sales agreement with Nephron Pharmaceuticals. This deal is expected to significantly boost Sharps Technology's revenue and market presence.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 12:40 pm