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CART

Instacart (NASDAQ:CART) has announced the expansion of its advertising solutions to include ads on its AI-powered Caper Carts. The initiative will pilot at Good Food Holdings' Bristol Farms stores in Southern California, with plans to deploy thousands of Caper Carts by the end of 2024. Launch partners include Del Monte Foods, Dreyer's Grand Ice Cream, and General Mills, offering personalized ads and product recommendations. This move is part of Instacart's strategic evolution to support retailers and brands both online and in-store, and it builds on the company's Carrot Ads technology.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:18 pm

SCLX

Scilex Holding announced plans for FY24 to expand its product lineup and candidates, aiming to surpass $200M in gross sales.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:14 pm

CLSK

CleanSpark, Inc. has announced the purchase of up to 160,000 Bitmain S21 miners to enhance its Bitcoin mining operations. This strategic acquisition is expected to significantly increase the company's mining capacity and efficiency. The financial terms of the deal were not disclosed, but the investment in new mining equipment is a bullish move for CleanSpark's future growth in the cryptocurrency mining industry.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:11 pm

BTCUSD

Mercari, a Japanese e-commerce platform, will accept Bitcoin payments starting June 2024 through its subsidiary Melcoin, with sellers receiving Japanese yen. Mercari has grown significantly since 2013 and is expanding its cryptocurrency services. Próspera, a Honduran economic zone, now recognizes Bitcoin as a unit of account, promoting financial freedom. These moves indicate a growing trend of Bitcoin integration into mainstream commerce and finance.

Portfolio Pulse from Murtuza Merchant

January 08, 2024 | 2:10 pm

ADN

Advent Technologies Holdings, Inc. (ADN) has received approximately $1.83 million in funding from the Danish Energy Technology Development and Demonstration Program for a project on advanced fuel cell power converters. The project, involving a consortium including Aalborg University and other partners, aims to develop a modular DC-DC power converter for Advent's next-generation High-Temperature Proton Exchange Membrane fuel cell applications. The technology, which is expected to extend fuel cell lifetimes and double power density, is part of the EU-approved Green HiPo project in Greece.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:08 pm

VEV

Vicinity Motor Corp. (NASDAQ:VEV) has entered into a distribution agreement with Shift EV Trucks to open Vicinity Trucks West Toronto, a dealership dedicated to Vicinity's commercial electric vehicles. Shift EV Trucks, an established dealership since 2013, will now offer Vicinity's VMC 1200 trucks in West Toronto, aiming to expand into the commercial EV market. The partnership is expected to capitalize on the growing demand for commercial EVs, driven by lower ownership costs, regulatory support, and government incentives.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:07 pm

JBLU

JetBlue has extended its commercial agreement with FLYR to enhance the airline's revenue optimization capabilities through decision intelligence and deep learning technology.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:06 pm

SDA

SunCar Technology Group Inc. (NASDAQ:SDA) has secured a two-year exclusive vehicle service contract with the Fujian Branch of China Construction Bank. The contract is expected to generate approximately USD 3.5 million in revenue for SunCar. The company was chosen after a competitive bidding process, highlighting its strong reputation in the automotive after-sales service industry in China. SunCar operates 460 car wash locations in Fujian and has existing agreements with several other major banks in China. The partnership is seen as a strategic move to enhance customer satisfaction and expand service offerings.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:03 pm

INTU

Intuit Inc. (NASDAQ:INTU) has integrated TurboTax into Credit Karma and QuickBooks Online, allowing users to prepare and file taxes seamlessly within these platforms. Credit Karma members can file for free and potentially complete the process in 10 minutes, with options for early refund access and expert assistance. QuickBooks Online customers can benefit from unlimited expert help and guaranteed maximum refunds. The integration leverages Intuit's AI capabilities and tax knowledge to provide a personalized experience for individual filers and small business owners.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:02 pm

INCY

Incyte (NASDAQ:INCY) presented at the 42nd Annual J.P. Morgan Healthcare Conference, highlighting growth opportunities and updates in its pipeline. The company announced positive Phase 2 results for ruxolitinib cream (Opzelura) in treating hidradenitis suppurativa (HS) and plans for a Phase 3 study. Incyte also showcased early data for INCB123667, a CDK2 inhibitor showing promise in late-stage cancers. Updates on expanding leadership in MPNs and GVHD, as well as the dermatology franchise, were provided. Further financial guidance and clinical program updates are expected in the 2023 Q4 earnings call.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:02 pm