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GOLD

Barrick Gold Corporation has launched the Barrick Academy at its old Buzwagi mine to train over 2,000 foremen, supervisors, and superintendents in the next 24 months. The academy aims to develop frontline managers in the Africa and Middle East region, with plans to expand the curriculum and include contractors. The opening follows the construction of an airport terminal at Buzwagi, expected to catalyze economic growth in the region.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:11 am

VEON

VEON's subsidiary, Banglalink, has been awarded a unified licence by the Bangladesh Telecommunication Regulatory Commission (BTRC), which consolidates its current licences and lays the foundation for the introduction of future technologies in Bangladesh. This move is expected to enhance Banglalink's ability to offer digital services in the region.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:05 am

AMZN

Fujitsu Limited and Amazon Web Services (AWS), a subsidiary of Amazon.com, Inc. (NASDAQ:AMZN), have announced an expanded partnership to accelerate the modernization of legacy applications by launching a Modernization Acceleration Joint Initiative. This initiative, starting April 1, aims to assist customers in various industries such as finance, retail, and automotive, by providing assessment, migration, and modernization services for legacy mission-critical applications from on-premise mainframes and UNIX servers to AWS Cloud.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:04 am

MSFT

Microsoft's LinkedIn is venturing into gaming to enhance user engagement by introducing puzzle-based games. This move, aimed at blending business networking with entertainment, could potentially change how users interact on the platform. LinkedIn's gaming initiative includes titles like 'Queens,' 'Inference,' and 'Crossclimb,' inspired by the success of simple puzzle games. Although a launch date was not disclosed, the initiative reflects LinkedIn's growth under Microsoft, with the platform recently surpassing $15 billion in revenue and seeing a significant increase in advertising revenue.

Portfolio Pulse from Benzinga Neuro

March 18, 2024 | 7:38 am

AAPL

GOOGL

Apple Inc. (AAPL) is reportedly in talks with Alphabet Inc. (GOOGL, GOOG) to license Google's Gemini AI models for future iPhones. This potential partnership aims to enhance iPhone software features with generative AI capabilities. Apple has also considered a similar deal with OpenAI but prefers Google's technology, which is seen as more advanced. The deal could face antitrust scrutiny and indicates Apple's AI may not be as developed as expected. The outcome of these discussions remains uncertain, with possibilities including no deal or partnerships with multiple AI providers.

Portfolio Pulse from Ananya Gairola

March 18, 2024 | 7:24 am

ASML

AVGO

BIDU

MCK

SYK

UBS has identified key sectors poised for technological innovation, including AI, cybersecurity, health tech, Greentech, and fintech, and listed 29 companies expected to see superior earnings growth. Among these, McKesson Corp, Baidu, Stryker, ASML Holding, and Broadcom were highlighted for their potential in their respective fields. The report suggests these sectors and companies are likely to be industry leaders by 2030.

Portfolio Pulse from Benzinga Neuro

March 18, 2024 | 7:14 am

AAPL

KeyBanc analyst Brandon Nispel maintains a 'Sector Weight' rating on Apple, Inc. (NASDAQ:AAPL), citing muted near-term prospects despite a 6% month-over-month increase in indexed Apple hardware spending in February. This increase is attributed to the launch of the Vision Pro and a weaker February in the previous year. However, year-to-date hardware spending is down 20% compared to last year. KeyBanc maintains a lower hardware revenue forecast due to weak upgrade rates, Chinese competition, and App Store regulations. iPhone 15 sales are meeting expectations, but overall iPhone demand is softening, with February sales down 8% month-over-month and 12% year-over-year. Apple's stock is down 10.7% this year.

Portfolio Pulse from Shanthi Rexaline

March 18, 2024 | 6:55 am

RTX

IAE International Aero Engines AG successfully tested the V2500 engine, used in A320ceo family aircraft and Embraer C-390 Millenium, with 100% sustainable aviation fuel (SAF) at MTU Maintenance Hannover, Germany. IAE is a consortium including Pratt & Whitney, a business of RTX (NYSE:RTX), among others.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 6:55 am

BMY

TSVT

The FDA Advisory Committee has voted in favor of Bristol Myers Squibb's and 2seventy Bio's Abecma for use in earlier lines of therapy for triple-class exposed multiple myeloma. The supplemental Biologics License Application for Abecma is still under review by the FDA. Abecma has already been approved in Japan and Switzerland and received a positive CHMP Opinion by the European Medicines Agency based on the KarMMa-3 study.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 6:37 am

GSK

GSK announced that Phase III data for Jemperli (dostarlimab-gxly) combinations show significant potential in treating primary advanced or recurrent endometrial cancer. The combination of dostarlimab-gxly and chemotherapy demonstrated a 31% reduction in risk of death and a 16.4-month improvement in overall survival compared to chemotherapy alone. Additionally, adding Zejula (niraparib) to dostarlimab-gxly maintenance after chemotherapy showed a 37% reduction in risk of disease progression or death and a 6-month improvement in progression-free survival in the MMRp/MSS population.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 6:35 am