Streetbeat News

Products Services

ALC

Alcon's stock price is on the rise following the announcement that the primary endpoint was met in both the COMET-2 and COMET-3 studies.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:50 pm

CMND

LAES

TGTX

TG Therapeutics projects Q1 BRIUMVI U.S. net product revenue to be between $41M and $46M, with an anticipated FY24 revenue of $220M to $260M. Clearmind Medicine has completed a Type A meeting with the FDA for its MEAI-based compound, CMND-100, aimed at treating Alcohol Use Disorder. SEALSQ has launched an innovative semiconductor provisioning service that promises to reduce lead times to just 4 weeks.

Portfolio Pulse from ryanfaloona@benzinga.com

January 10, 2024 | 1:44 pm

INTC

NVDA

QCOM

QQQ

Intel Corp (INTC) announced its expansion into the automotive market with new AI chips at CES, including the acquisition of Silicon Mobility for EV energy management SoCs. Zeekr will be the first OEM to adopt Intel's new SoC. Intel faces competition from Nvidia (NVDA) and Qualcomm (QCOM) in the automotive semiconductor market. Intel's stock (INTC) outperformed the Invesco QQQ Trust, Series 1 (QQQ) last year, with a 63% gain compared to QQQ's 49%. INTC shares are up 0.27% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

January 10, 2024 | 1:42 pm

ASPI

ASP Isotopes has provided an update on its operations in Pretoria, South Africa. The company, along with its North American commercial partner RC14, began processing feedstock for enriched Carbon-14 in December 2023. ASP Isotopes anticipates generating revenue and cash flow from this product in the first half of 2024. Additionally, the company has started building its third isotope enrichment facility, which will produce Ytterbium-176 and is expected to begin operations in 2025.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:41 pm

LQR

LQR House has received a $1 million purchase order for SWOL Tequila from Cannon Estate Winery. Cannon Estate is developing a high-end lounge in the Fraser Valley, where SWOL will be the featured tequila. The winery plans to use its established relationships with distributors and retail outlets to expand SWOL's presence across Canada, despite the challenges posed by the government-regulated alcohol market. This deal is seen as the beginning of a strategic expansion for SWOL Tequila.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:38 pm

SGN

During the 2023 U.S. Army Bowl Week, Signing Day Sports experienced a successful recruiting event, signing up over 1,000 new student-athletes for its app. The National Combine attracted nearly 1,000 participants, with 14 selected for the 2024 U.S. Army Bowl game. The event concluded with a game featuring top recruits committed to leading football programs.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:35 pm

BTBT

NVDA

SMCI

Bit Digital has expanded a customer contract for its AI division, now worth over $50M in annual revenue for 2,048 GPUs. To meet this demand, the company ordered 64 servers from Super Micro Computer, Inc., containing Nvidia HGX H100 GPUs, to be delivered by January 2024 and deployed in Iceland. Additionally, Bit Digital has entered a sale-leaseback agreement for 96 AI servers to finance this growth.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:33 pm

QFTA

AtlasClear, Inc. has extended its business combination agreement with Quantum FinTech Acquisition Corporation (QFTA) and restructured its proposed acquisition of Wilson-Davis & Co., Inc. The combined company, AtlasClear Holdings, Inc., is expected to trade on the NYSE American under the ticker symbol 'ATCH' after the closing of the business combination. AtlasClear also plans to acquire Commercial Bancorp of Wyoming and technology assets from Pacsquare Technologies, LLC, aiming to enhance its FinTech platform.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:33 pm

HBI

HanesBrands (NYSE:HBI) has extended its exclusive rights partnership with Georgia Tech, maintaining its position as the world's largest supplier of collegiate fan apparel. The multiyear extension grants HanesBrands exclusive rights to Georgia Tech fanwear in the mass retail channel. The partnership is part of a broader relationship with over two dozen elite schools and includes brands like Champion, Alternative Apparel, and ComfortWash.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:31 pm

RSVR

Reservoir Media, Inc. (RSVR) has announced a new publishing deal with In2Musica, which holds the rights to the catalog of Arab music icon Nancy Ajram. The deal, made through Reservoir's joint venture with PopArabia, aims to expand the reach of Ajram's music by leveraging Reservoir's global network. This partnership underscores Reservoir's commitment to diversifying its portfolio and enhancing its presence in the Middle Eastern music market.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:31 pm