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DIS

Nelson Peltz, an activist investor, has commented that Disney's theme parks require additional capital investment due to intensifying competition in the industry. Peltz's statement suggests that he believes Disney needs to enhance its theme park offerings to maintain its competitive edge.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 2:22 pm

AAPL

GOOG

SSNLF

Samsung Electronics Co Ltd. (OTCPK: SSNLF) has launched the Galaxy S24 series with Galaxy AI features powered by Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google's Gemini large-language model. These AI features are free until the end of 2025 and include live translations, generative AI editing for images, and more. Some features are similar to those in Apple Inc.'s (NASDAQ:AAPL) iPhone 15 Pro and Google's Pixel 8 series.

Portfolio Pulse from Rounak Jain

January 18, 2024 | 2:19 pm

ABML

American Battery Technology has upgraded its lithium resource and indicated resource classifications for its Tonopah Flats Lithium Project, which is a positive step in advancing the development of the project and accelerating the commercialization of the domestic lithium supply chain.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 2:18 pm

BA

Boeing Co (NYSE:BA) stock is trading higher after Akasa Air announced an order for 150 Boeing 737 MAX planes. This order comes despite a recent mid-air incident involving a 737 MAX 9, which led to the FAA grounding 171 jets. The order was announced at the 'Wings India' air show and excludes the 737 Max 9 version. Akasa Air is set to receive 204 planes over eight years. Boeing is implementing additional quality inspections and has sent a team to oversee work at Spirit AeroSystems.

Portfolio Pulse from Adam Eckert

January 18, 2024 | 2:11 pm

STSS

Sharps Technology has signed a Letter of Intent (LOI) with Roncadelle Operations to sell and distribute each other's products. This strategic move aims to leverage the strengths of both companies to enhance their market presence and expand their product distribution capabilities.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 2:08 pm

CIEN

Vocus is set to deploy Ciena's WaveLogic 6 Extreme (WL6e) 1.6 Tb/s coherent technology to enhance network efficiency and capacity, addressing the growing demands for cloud services and AI. This deployment will make Vocus the first network operator to adopt this technology, which will improve cost-effectiveness and reliability across its Australian network. Ciena's WL6e supports up to 1.6 Tb/s single-carrier wavelengths, enabling Vocus to manage increased bandwidth demands and drive energy efficiency by reducing equipment and space requirements.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 2:07 pm

AAPL

DFS

JPM

NVDA

PLUG

TSLA

The cryptocurrency market saw significant movements with a record $665M Bitcoin transaction and a surge in meme coins after Trump's statement against CBDCs. In the US markets, Discover Financial reported lower Q4 profits, and the Dow fell for the third consecutive session. Trump leads in New Hampshire polls and opposes CBDCs, while Biden seeks Ukraine aid. In tech, TSMC exceeded expectations despite a profit drop, and Apple and Nvidia plan expansions. Tesla faces questions over its pricing strategy, and Rivian introduces leasing options. JPMorgan's CEO met with other bank leaders to discuss fintech competition.

Portfolio Pulse from Akanksha Bakshi

January 18, 2024 | 2:05 pm

WINT

Windtree Therapeutics has entered into an agreement to develop and commercialize its drug candidates in China, with the potential to receive up to $138.1 million in milestone payments and low double-digit royalties. This deal aims to support Windtree's treatments for acute heart failure and cardiogenic shock, addressing an unmet medical need in China.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 2:04 pm

KIQ

Kelso Technologies Inc. is establishing a Phase-One production facility in West Kelowna, BC, Canada, through its subsidiary KIQ X Industries. The facility will convert heavy-duty vehicles using the Company's proprietary Automated Traction Optimization Method for Vehicle Suspension Systems, targeting customers operating in extreme terrain environments. The Method is a specialized ADAS software system for commercial wilderness applications and is now compliant for sales. The Phase-One facility, which does not require new capital, is expected to generate approximately $25 million of annual revenue starting in late 2024 and can scale up to $100 million per year. Kelso Technologies focuses on safety technology solutions for various wilderness-related industries.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 2:03 pm

FTV

Allied Digestive Health (ADH) has partnered with Provation, a Fortive Corporation (NYSE:FTV) subsidiary, to implement Provation Apex, a cloud-based procedure documentation and charting solution. This technology will be used across ADH's 30+ facilities and by its 150+ gastroenterologists to improve clinical productivity and patient care. The agreement highlights ADH's commitment to efficient operations and enhanced patient experience, leveraging Provation Apex's cloud-native SaaS platform for GI procedures.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 2:03 pm