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FLEX

Flex (NASDAQ:FLEX) is acquiring Crown Technical Systems for $325 million in an all-cash deal. This acquisition will enhance Flex's capabilities in power distribution and protection systems, and is expected to be accretive in the first year.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 1:12 pm

XRX

Xerox Holdings Corporation has announced its acquisition of ITsavvy for $400 million, aiming to expand its IT services. The deal includes a $180 million cash payment and $220 million in promissory notes, subject to adjustments. The acquisition is expected to close in Q4 2024, pending merger clearance.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 1:11 pm

AAPL

AFRM

Apple is expanding its payment options with iOS 18, introducing installment loans from Affirm in the U.S. and Monzo Flex in the U.K., along with Klarna's flexible payment options. Apple plans to offer installment payments from major issuers in multiple countries.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 1:06 pm

SOUN

SoundHound AI has integrated its generative AI-powered voice assistant, SoundHound Chat AI, into Lancia Ypsilon vehicles across several European countries, enhancing the vehicles' infotainment systems.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 1:05 pm

AMZN

S

SentinelOne has expanded its strategic collaboration with AWS to enhance its AI-powered cybersecurity solutions. The partnership will leverage AWS's AI infrastructure and Amazon Bedrock to improve SentinelOne's Purple AI cybersecurity analyst and Singularity Platform, offering comprehensive security solutions to customers.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 1:04 pm

ERII

Energy Recovery (NASDAQ:ERII) has secured over $12 million in contracts for its PX® Pressure Exchanger® devices for desalination projects in the UAE. These contracts align with the company's financial guidance and are expected to ship by Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 1:04 pm

TGNA

TEGNA Inc. and the Dallas Mavericks have expanded their partnership to broadcast all Mavericks games not nationally televised to approximately 14 million people in Texas for free. This involves eight additional stations joining six owned by TEGNA, creating a significant sports franchise footprint.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 1:03 pm

AMLX

Amylyx Pharmaceuticals announced positive topline results from its Phase 2 HELIOS trial for AMX0035 in treating Wolfram Syndrome. The trial showed sustained improvements in pancreatic function and stabilization across secondary endpoints. The company plans to proceed with Phase 3 trials and FDA discussions in 2025.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 1:02 pm

BABA

JTEK

NVDA

PGJ

Alibaba is increasing its AI investments in Lazada to compete with Shopee and TikTok Shop in Southeast Asia's e-commerce market. The company aims to enhance personalized shopping and logistics, targeting $100 billion in e-commerce volume by 2030. Alibaba's stock has risen 21% recently due to China's economic measures.

Portfolio Pulse from Anusuya Lahiri

October 17, 2024 | 1:02 pm

STBX

Starbox has launched an AI-driven digital human system for merchants on WeChat Channels, supporting over 800 merchants and two million users with live streaming and short videos. This initiative aims to enhance engagement and sales on its cash rebate platform.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 1:01 pm