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LAAC

LAC

Lithium Americas Corp (LAC) is progressing with its Thacker Pass project, which is the largest U.S. lithium source, with production starting in 2026. Despite a key partnership with General Motors (GM) and support from the Department of Energy, LAC's stock has been underperforming, trading between $6.5 to $7.5 without signs of momentum. JPMorgan initiated coverage with a neutral rating and a target price of $7. Post-reorganization, Lithium Americas (Argentina) Corp (LAAC) is seen as having less uncertainty and more potential for medium-term returns.

Portfolio Pulse from Surbhi Jain

December 12, 2023 | 3:37 pm

NYT

The New York Times has appointed its first newsroom leader to focus on artificial intelligence, indicating the company's commitment to integrating AI into its journalism practices. This move reflects the growing importance of AI in the media industry and the NYT's efforts to stay at the forefront of technological advancements.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 3:34 pm

CDXC

Neurohacker Collective has partnered with ChromaDex to launch Qualia NAD+, an NAD+ supplement featuring ChromaDex's patented Niagen ingredient. The product aims to boost NAD+ levels, which are linked to healthy aging and decline with age. A pilot study showed 95% of participants rated Qualia NAD+ as 'excellent' to 'good.' The NAD+ supplementation market is growing, with over half a billion dollars in annual revenue and a projected 13% annual growth rate from 2022 to 2030. Qualia NAD+ includes all three NAD+ precursors and additional ingredients to support NAD+ production. The product is available on neurohacker.com and is expected to expand to additional channels soon.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 3:31 pm

INTC

NVDA

TSM

Nvidia Corp. (NVDA) has outperformed Intel Corp. (INTC) in 2023, with its stock price surging 226% compared to Intel's 67% increase. Nvidia's market cap is now $1.152 trillion, dwarfing Intel's $187.781 billion. Nvidia's data center revenue soared to $14.5 billion in Q3 2023, while Intel's fell to $3.8 billion. Nvidia dominates the AI chip market with over 70% share, and its H100 chip is in high demand, with production dependent on TSMC (TSM). Analysts rate NVDA as a 'Buy' with a 27.6% upside, while INTC is rated as a 'Hold' with a potential 22.2% decline.

Portfolio Pulse from Rounak Jain

December 12, 2023 | 3:25 pm

WBD

Warner Bros. Discovery has announced that its streaming service, Max, is now available on YouTube Primetime Channels. This integration allows YouTube users to subscribe to Max directly through YouTube's platform, enhancing content accessibility and potentially increasing subscriber numbers for Max.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 3:17 pm

EBAY

eBay is launching a mobile consignment service called 'Luxe Line' that will travel to various West Coast locations, allowing shoppers to consign luxury items and shop for new additions to their collections. Fashion designer Jenna Lyons will participate by consigning items from her renowned closet.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 3:10 pm

HAS

McFarlane Toys has announced an expansion of its Page Punchers brand and has signed a multi-brand licensing agreement with Hasbro. This partnership will allow McFarlane Toys to create figures based on various Hasbro properties, which could potentially include iconic brands like Transformers, G.I. Joe, and My Little Pony. The collaboration aims to leverage McFarlane Toys' expertise in high-quality, detailed figures and Hasbro's vast portfolio of beloved brands to create new products that appeal to collectors and fans.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 3:07 pm

GM

General Motors (GM) has announced a collaboration with Komatsu to develop a hydrogen fuel cell-powered mining truck. This partnership aims to integrate GM's advanced technology into Komatsu's vehicles, aligning with GM's vision of a zero-emissions future. The collaboration is expected to leverage GM's Hydrotec fuel cell technology to power Komatsu's mining trucks, which could lead to significant reductions in greenhouse gas emissions from mining operations.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 3:05 pm

PTPI

Petros Pharmaceuticals has completed a Human Factors Study, a key step in the FDA approval process for converting its prescription erectile dysfunction drug, Stendra, to over-the-counter (OTC) status. This study is intended to support the company's application for a prescription to OTC switch, potentially increasing patient access to Stendra.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 3:04 pm

AMST

Amesite has entered into a five-year partnership with West Virginia Northern Community College (WVNCC) to expand their Workforce Development Program with flexible, online offerings. Amesite's CEO, Dr. Ann Marie Sastry, expressed delight in partnering with WVNCC to engage more effectively with the community through education.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 3:02 pm