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NVEI

Nuvei Corporation has launched a card issuing solution in 30 markets, enabling clients to issue physical and virtual white-labelled cards. This service enhances working capital efficiency, improves authorization rates, offers seamless payouts, and increases customer loyalty. The solution is available in the European Economic Area, with plans to expand to the UK, US, and Latin America in 2024. Nuvei's CEO, Philip Fayer, highlights the solution's practical applications and its role in accelerating client business and expanding Nuvei's market.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:03 pm

SNX

TD SYNNEX (NYSE:SNX) is expanding its Destination AI program by offering the Intel Geti software platform, which facilitates rapid AI model development for images and videos. The platform will be distributed by TD SYNNEX in the U.S. and Europe. The company's Direction of Technology report highlighted a 625% global increase in partners offering AI/ML solutions, with AI/ML skills being highly sought after in North America. The Intel Geti platform, which supports various vision models, can be optimized for Intel architectures using the OpenVINO toolkit and is available for trial and purchase by eligible partners.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:02 pm

PHG

Philips' stock is trading lower following an FDA warning about a safety issue with the company's DreamStation 2 CPAP machines.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:02 pm

AMZN

Aerodyne, a Malaysian drone services company, has partnered with Amazon Web Services (AWS) to leverage cloud computing for delivering insights to the telecommunications, agriculture, and energy industries. By using AWS, Aerodyne has reduced its data processing costs by 70% compared to its previous on-premises infrastructure. The collaboration also enhances safety for workers during cell tower inspections by utilizing drone technology.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:01 pm

BBY

DASH

DoorDash (NASDAQ:DASH) has partnered with Best Buy to offer on-demand delivery of consumer electronics from all Best Buy locations nationwide. This makes Best Buy the first national consumer electronics retailer on the DoorDash marketplace. The service promises delivery in under an hour and is timed for the holiday season, allowing consumers to shop for electronics at in-store prices. DoorDash is offering promotional discounts on Best Buy orders with special codes until December 5, and DashPass members can enjoy $0 delivery fees on eligible Best Buy orders.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:00 pm

GFL

GFL Environmental Inc. (NYSE:GFL) outlined its 2024 capital allocation strategy, focusing on sustainability investments and M&A to densify its footprint. The company plans to invest $250-$300 million in renewable natural gas projects and infrastructure under EPR legislation, and $600-$650 million in M&A within existing geographies. Total growth investments will not exceed $900 million, in addition to normal capital expenditures of $850-$900 million. These investments are expected to generate $80-$100 million of incremental Adjusted EBITDA by 2026. GFL's first RNG facility is operational, with more projects coming online from Q4 2024 to 2026. The company aims to achieve at least $2.2 billion of Adjusted EBITDA in 2024 and reduce leverage to the mid 3's, with growth investments adding 20 basis points to year-end Net Leverage, targeting between 3.65x and 3.85x.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:53 pm

ABBV

AbbVie announced positive topline results from its Phase 2 LUMINOSITY trial for Telisotuzumab-Vedotin (Teliso-V), a treatment for previously treated non-small cell lung cancer (NSCLC) with c-Met overexpression. The trial showed clinical benefits across key endpoints. AbbVie plans to present the data at a future medical meeting and discuss with health authorities the possibility of accelerated approval.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:46 pm

SKYX

SKYX Platforms Corp. (NASDAQ:SKYX) has announced a product collaboration with Kichler, a leading lighting and ceiling fan brand, to integrate SKYX's smart Plug & Play technology into Kichler's light fixtures and ceiling fans. This collaboration will be showcased at the International Builders' Show (IBS) in Las Vegas, aiming to enhance market penetration in the builder, professional, and online segments. SKYX holds over 77 patents and operates over 60 lighting and home décor websites.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:38 pm

TTEC

TTEC Holdings has expanded its global presence by opening a new customer experience delivery center in Cape Town, South Africa. This move is part of the company's strategic expansion in Africa and contributes to the growth of its global delivery footprint.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:37 pm

GM

GM's CFO has announced the company's target to achieve single-digit pretax margins on electric vehicles (EVs) by 2025, factoring in the benefits from the Inflation Reduction Act (IRA).

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:35 pm