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STOK

U.S. stocks traded higher with the Nasdaq gaining over 50 points. Consumer discretionary shares rose by 0.7%, while energy shares fell by 0.2%. U.S. durable goods orders increased by 1.4% in February. Stocks like Stoke Therapeutics, C3is Inc., and OpGen saw significant gains, whereas NeuBase Therapeutics, Quhuo Limited, and AppTech Payments Corp experienced sharp declines.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 2:09 pm

EPAM

EPAM Systems, Inc. has acquired Vates S.A., a software development company with offices in Argentina and Chile, to enhance its software development portfolio and expand its delivery capabilities in Latin America. This acquisition adds hundreds of skilled engineers to EPAM's team, strengthening its position in cloud, testing, and Atlassian platform knowledge. Vates, known for its end-to-end solutions across multiple industries, will help EPAM in delivering advanced digital services and fostering growth in LATAM.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 2:06 pm

CCL

Carnival Corporation & plc (CCL) has finalized an agreement with Meyer Werft for a fifth Excel-class cruise ship for Carnival Cruise Line, scheduled for delivery in 2028. This addition confirms an 11th Excel-class ship across four of its brands, emphasizing Carnival's commitment to growth and operational efficiency. The new ship, like its predecessors, will be LNG-powered and designed to carry over 6,400 guests and 1,800 crew. This order aligns with Carnival's strategy for measured capacity growth and is contingent upon financing expected to be completed later this year.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 2:03 pm

GM

GM's CFO announced at the Bank of America Conference that the company is in the early stages of scaling up its electric vehicle (EV) production. This statement indicates GM's commitment to expanding its presence in the EV market.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 1:48 pm

CNVS

Cineverse has signed a multi-year deal with Konami Cross Media to distribute titles including the 'Yu-Gi-Oh!' franchise, enhancing Cineverse's anime library. Financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 1:32 pm

SEALSQ

SEALSQ has announced the establishment of SEALSQ USA in Arizona, with plans to create an OSAT (Outsourced Semiconductor Assembly and Test) center operational by the end of 2025. This move signifies SEALSQ's expansion into the U.S. market and its commitment to enhancing its semiconductor manufacturing capabilities.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 1:30 pm

AIEQ

BKES

QRFT

ROBO

U.S. Representative Earl Blumenauer has raised concerns about the FDA's oversight of Elon Musk's Neuralink, following a report revealing issues at the company's facilities. Despite these concerns, Neuralink has made significant progress in brain-chip technology, moving from animal testing to human trials. The FDA has responded to the inquiries, stating its commitment to ensuring the safety of human trials. Neuralink's technology, demonstrated through a live stream, shows a paralyzed patient playing chess, highlighting its potential to improve lives.

Portfolio Pulse from Vandana Singh

March 26, 2024 | 1:30 pm

VALE

Vale (NYSE:VALE) has partnered with the Department of Energy (DOE) to develop a new iron ore briquette plant in the U.S., with potential DOE financing of up to $282.9 million. This move aligns with the Biden administration's focus on reducing carbon emissions and promoting clean energy, with substantial funds allocated towards environmental programs. Iron ore briquettes, which can reduce emissions by up to 10% compared to traditional steelmaking, represent a significant step towards sustainable steel production. Vale's initiative, starting with a plant in Brazil and plans for expansion, aims to meet the demand for eco-friendly steel production methods and contribute to the decarbonization of the steel industry.

Portfolio Pulse from Stjepan Kalinic

March 26, 2024 | 1:29 pm

RVSN

Rail Vision has received approval from Alstom, a French multinational rolling stock manufacturer, to install its AI Main Line System on locomotives. This development marks a significant step for Rail Vision in the rail transport market.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 1:28 pm

DJT

DWAC

Truth Social, Donald Trump's social media venture, went public through a merger with Digital World Acquisition Corp. (DWAC), now trading under the symbol DJT. Despite a valuation of around $5 billion, experts like Helaine Olen advise caution due to Trump's financial history, Truth Social's small user base, and the speculative nature of SPACs. The stock has seen significant volatility, and there's a six-month lockup period for insiders post-merger.

Portfolio Pulse from Benzinga Neuro

March 26, 2024 | 1:25 pm