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ERJ

Porter Airlines has exercised purchase rights for an additional 25 Embraer E195-E2 jets, adding to their existing order of 50 jets. The deal is valued at $2.1 billion at list prices.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 10:25 pm

WBD

Warner Bros. Discovery's TNT Sports has secured a seven-year media rights agreement with NASCAR to broadcast five NASCAR Cup Series races each summer, starting in 2025. The deal includes exclusive airing on TNT and B/R Sports Add-On on Max, with truTV and Max simulcasting the second half of the NASCAR Cup Series practices and qualifying sessions. It also grants expansive digital rights for content streaming and highlight rights for Bleacher Report's platforms.

Portfolio Pulse from Charles Gross

November 29, 2023 | 10:09 pm

TRUFF

Red Light Holland Corp. (OTCQB:TRUFF), a Canada-based mushroom producer, reported a 33% increase in revenue and a cash balance of $12M for the quarter ended Sept. 30, 2023. Despite a net loss, the company's management remains confident in their business strategy, emphasizing growth, cautious spending, and revenue generation in the psychedelics sector. The company plans to continue its expansion, including the development of a new farm and distribution of psilocybin microdosing capsules in New Zealand and Australia.

Portfolio Pulse from Lara Goldstein

November 29, 2023 | 10:04 pm

ADAUSD

AVAXUSD

ETHUSD

SOLUSD

TRXUSD

Solana (SOL) has seen a significant increase of over 80% in the past month, outperforming other Layer-1 cryptos such as Ethereum (ETH) and Bitcoin. With a market cap expansion of 3.9% and a 70% surge in the past 30 days, SOL's year gains are at 340%. The blockchain's speed and cost efficiency, along with the upcoming Firedancer validator, are notable developments. Solana's adoption by Visa and Shopify, and positive remarks from ARK Invest's CEO Cathie Wood, contribute to its strong performance. The digital asset sector has seen large inflows, with Solana receiving $3.5 million.

Portfolio Pulse from Khyathi Dalal

November 29, 2023 | 9:57 pm

DFS

Discover Financial Services (DFS) has announced in a filing that it will stop originating student loans as of February 1, 2024. Current Discover Student Loans customers and their existing loans or payments will not be affected by this change.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:40 pm

DM

Desktop Health, a brand of Desktop Metal, Inc. (NYSE:DM), announced the first patients have been treated with CMFlex, a 3D printed synthetic bone graft product developed by Dimension Inx. CMFlex, which received FDA clearance in December 2022, has been used in jaw surgeries and dental socket preservation cases. Dimension Inx, which owns four Desktop Health 3D-Bioplotters, has been developing CMFlex since 2009. The product is currently available to select surgeons, with a broader release expected in 2024.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:31 pm

F

RIVN

TSLA

Ford's F-150 Lightning is one of the slowest-selling used vehicles, taking 78.4 days to sell in October, above the average of 49.2 days. This trend may be concerning as Tesla's Cybertruck launch approaches, with over one million reservations. Ford's Model e division reported a $1.3 billion EBIT loss in Q3, and year-to-date losses of $3.1 billion. Tesla plans to scale Cybertruck production to 250,000 units annually by 2025, potentially outpacing the F-150 Lightning in sales.

Portfolio Pulse from Chris Katje

November 29, 2023 | 9:28 pm

CRDO

Credo Technology Group Holding Ltd (NASDAQ:CRDO) announced the release of the Dove 850 800G DSP IC, the first of its kind optimized for Linear Receive Optics (LRO). The Dove 850 aims to improve energy efficiency in hyperscale and AI data centers by reducing DSP power by up to 50%, lowering costs, and enhancing system performance. It supports a variety of optics and is designed to overcome the limitations of Linear Pluggable Optics (LPO), offering lower bit error rates and improved resilience. The Dove 850 is IEEE compliant, supports breakout applications, and includes diagnostic features to aid system debug and accelerate market introduction.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:26 pm

LFVN

LifeVantage Corporation (NASDAQ:LFVN) announced study results showing that Protandim Nrf2 Synergizer and TrueScience Liquid Collagen work synergistically to improve cellular health and immune function. The study, spurred by positive consumer feedback, involved a gene expression study on fibroblasts, revealing that the product combination influenced 2,439 genes significantly. LifeVantage's CEO highlighted the science behind their products as a competitive strength and business opportunity.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:25 pm

NUS

Nu Skin Enterprises has opened a new manufacturing facility in China, which is expected to enhance its production capabilities and support its growth in the region. This expansion may signal the company's commitment to the Chinese market and could potentially improve its supply chain efficiency and product availability in the area.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:21 pm