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SSNC

SS&C Technologies Holdings, Inc. (SSNC) has received full approval from the Financial Services Regulatory Authority to provide fund administration services within the Abu Dhabi Global Market. This approval allows SS&C to expand its services in the Middle East, potentially increasing its market share and revenue in the region.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 12:02 pm

MDGS

Medigus Ltd. (NASDAQ:MDGS), through its subsidiary Fuel Doctor Holdings, Inc., announced that its EV joint venture, Revoltz Ltd, has completed the first production batch of 50 PORTO micro-mobility electric vehicles. This marks a significant step in fulfilling a $2.7 million distribution agreement aimed at selling 150 vehicles in Israel and adjacent territories within the first year. The PORTO EV, designed for the last-mile delivery market, offers a 100 km range on a single charge and features an advanced tilting suspension mechanism for stability.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 12:02 pm

SVRE

SaverOne has signed an OEM agreement with IVECO to integrate its safety technology into IVECO's vehicles directly through their manufacturing line. This partnership aims to enhance vehicle safety by incorporating SaverOne's advanced safety solutions.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 12:01 pm

MDT

Medtronic has received FDA approval for its Evolut FX+ TAVR system, marking a significant advancement in the company's cardiovascular portfolio. This approval could enhance Medtronic's market position in the medical devices sector, potentially leading to increased sales and market share in the TAVR (Transcatheter Aortic Valve Replacement) market.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 12:01 pm

FMST

FMSTW

Foremost Lithium is conducting ongoing definition drilling with systematic step-outs to test the southward continuity of spodumene-bearing pegmatite at Dyke 1, as reported exclusively to Benzinga.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 12:00 pm

FMST

Foremost Lithium Resource & Technology Ltd (NASDAQ:FMST) reports a significant drilling update at the Zoro Lithium Property, Manitoba, with the widest intercept of spodumene-bearing pegmatite at Dyke 1, spanning 32.53 meters. This development could potentially increase the scale of its maiden inferred resource. Drilling activities began in February 2024, focusing on Dyke 1 and Dyke 8, with ten drill holes completed covering approximately 2,100 meters. The company aims for an updated resource estimate.

Portfolio Pulse from Vandana Singh

March 27, 2024 | 12:00 pm

AVIV

GSIB

HSBC

HSBC Holdings plc (NYSE:HSBC) announced the launch of a $150 million Venture Debt offering and a $1 billion ASEAN Growth Fund in Singapore, aimed at scaling high-growth companies and digital platform businesses. The offerings are designed to provide flexible financing solutions for various funding requirements and complement HSBC's existing $200 million New Economy Fund. Additionally, HSBC plans to hire about 50 more bankers in the U.S. to lend to startups, mainly in technology and healthcare. Investors can gain exposure to HSBC through Themes Global Systemically Important Banks ETF (NASDAQ:GSIB) and Avantis International Large Cap Value ETF (NYSE:AVIV). HSBC shares are down 1.34% in premarket trading.

Portfolio Pulse from Lekha Gupta

March 27, 2024 | 11:47 am

C

HOOD

SCHW

As of March 27, 2024, Robinhood Markets, Inc. (HOOD), Citigroup Inc. (C), and The Charles Schwab Corporation (SCHW) are identified as overbought financial stocks, with RSI values indicating potential short-term performance concerns. Robinhood's recent Gold Card launch and app redesign, Citigroup's part in a landmark antitrust settlement with Visa and Mastercard, and Charles Schwab's upgrade by TD Cowen analyst could influence their stock movements.

Portfolio Pulse from Avi Kapoor

March 27, 2024 | 11:43 am

SNOA

Sonoma Pharmaceuticals, Inc. (NASDAQ:SNOA) emphasized the safety benefits of its Microcyn technology products, which are based on stabilized hypochlorous acid (HOCl) for applications such as wound care and dermatological conditions. This comes in response to concerns about benzoyl peroxide, a common dermatology product ingredient.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 11:37 am

VFS

VinFast Auto Ltd (NASDAQ:VFS) has signed letters of intent with 15 dealers in Thailand to expand its distribution network, planning to open 22 showrooms in the Greater Bangkok Area and other major cities. This move is part of VinFast's strategy to leverage Thailand's high electric vehicle adoption rate and its goal to expand to at least 50 countries by 2024. VFS shares rose 0.85% to $4.74 in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 27, 2024 | 11:35 am