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INGR

LBB Specialties announces a principal partnership with Ingredion Incorporated (NYSE:INGR), becoming the exclusive channel partner in the U.S. and Canada for Ingredion's personal care product portfolio, including FARMAL bio-based polymers and NATIVACARE natural polymers. This collaboration aims to enhance LBB Specialties' commitment to innovation and sustainability, offering high-quality, nature-based solutions for the personal care industry. Ingredion's portfolio is recognized for its plant-based solutions that meet consumer demands for clean, sustainable, and effective personal care ingredients.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:28 pm

AAPL

AMD

AMZN

LLY

NXPI

SMCI

SSNLF

Samsung Electronics Co Ltd (OTC:SSNLF) has surpassed Apple Inc (NASDAQ:AAPL) as the largest provider of smartphones, driven by its AI phone's popularity. Eli Lilly And Co (NYSE:LLY) and NXP Semiconductors NV (NASDAQ:NXPI) reported earnings above consensus, with LLY raising its FY24 EPS projection. Advanced Micro Devices, Inc. (NASDAQ:AMD), Amazon.com, Inc. (NASDAQ:AMZN), and Super Micro Computer Inc (NASDAQ:SMCI) are set to report earnings, providing further insight into AI demand. The Eurozone economy showed resilience with a Q1 GDP growth of 0.3%. Early trade money flows are positive in AMZN, neutral in AAPL and Alphabet Inc Class C (NASDAQ:GOOG), and negative in Meta Platforms Inc (NASDAQ:META), Microsoft Corp (NASDAQ:MSFT), NVIDIA Corp (NASDAQ:NVDA), Tesla Inc (NASDAQ:TSLA), SPDR S&P 500 ETF Trust (NYSE:SPY), and Invesco QQQ Trust Series 1 (NASDAQ:QQQ).

Portfolio Pulse from The Arora Report

April 30, 2024 | 3:19 pm

TAP

A Molson Coors executive expressed caution regarding current trends in the beer industry, noting challenges faced by the U.S. beer category this year. Despite some improvement in March, volatility and timing mismatches, such as Easter, have been observed. Retailers have increased space allocation for Coors Light and Miller Lite by 13% in the U.S. during spring resets.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:17 pm

LLY

An Eli Lilly executive stated that the demand for incretins will exceed supply for the remainder of this year and possibly into the next year. The supply and demand situation is expected to remain tight in both the near and midterm. Eli Lilly plans to continue investing and increasing production into the next year, with assurances of making the right investments and progressing rapidly in ramping up production.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:15 pm

WFC

Wells Fargo's CEO announced the bank's ongoing commitment to upgrading its branch network, signaling continued investment in physical locations to enhance customer service and banking experience.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:11 pm

ADM

ADM executive forecasts Q2 2024 global soybean crush margin to be at the lower range, but expects improvement in Brazil's crush margins. The company anticipates strong exports to Mexico benefiting its Carbohydrate Solutions Unit and maintains a positive outlook on demand for flavors and plant-based proteins.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:09 pm

WMT

Walmart announced the opening of a new 490,000+ square foot facility that will utilize automated technology to enhance supply chain efficiency. This move is part of Walmart's ongoing efforts to streamline operations and improve logistics.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:04 pm

WMT

Walmart has inaugurated a new high-tech consolidation center in Minooka, Illinois, spanning over 492,000 square feet and expected to create 700 jobs. This facility, the third of its kind in Walmart's supply chain, will utilize automated technology to triple the volume throughput and enhance supply chain efficiency. It aims to ensure product availability across all 4,700 Walmart stores by facilitating small to medium-sized regional suppliers. The technology will also streamline purchase order fulfillment for suppliers, reduce lead times, and enable faster delivery, with the savings potentially passed on to customers through lower prices.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:03 pm

ZEPP

Zepp Health Corporation (NYSE:ZEPP) announced the U.S. launch of the Amazfit Helio Ring on May 15th, 2024, priced at $299.99. The smart ring, awarded 'Best Fitness Wearable' at CES 2024, offers insights into athletic performance and recovery. It can be purchased alone or bundled with Amazfit smartwatches for enhanced data integration via the Zepp App. The product aims to redefine athletic recovery by providing comprehensive health monitoring and recovery insights.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:03 pm

COIN

Coinbase Global announced the rollout of support for the Lightning Network, aiming to enable instant, low-cost Bitcoin transfers. This move is expected to enhance the user experience by facilitating quicker and more economical transactions.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:59 pm