Streetbeat News

Products Services

CMPO

MSFT

CompoSecure, Inc. (NASDAQ:CMPO) has been designated as a Microsoft-compatible FIDO2 security key vendor for passwordless authentication. CompoSecure's Arculus Authenticate hardware passkeys are now certified as compatible with the Microsoft ecosystem, providing a secure and user-friendly solution to the overreliance on passwords. With the rise in exposed credentials, Arculus offers a more secure option for access and authentication. The product also integrates NFC technology for easy authentication and has been approved by Mastercard and Visa for payment cards with authentication capabilities, as well as certified by the FIDO Alliance.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:14 pm

EDSA

Edesa Biotech announced that its 1.0% formulation for dermatitis has reached the primary endpoint with statistical significance in its final Phase 2b study. The full analysis also revealed additional efficacy signals.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:09 pm

RIVN

Rivian Automotive, Inc. has announced an organizational change where CEO Dr. Robert Joseph Scaringe will now directly oversee all product functions. This includes areas such as Software, Autonomy, Design, Vehicle, Electrical, Propulsion, and Programs. The former Chief Product Development Officer will take on a new role as Executive Vice President, Vehicle Engineering & Propulsion, and will continue to report to the CEO.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:05 pm

DRS

Leonardo DRS, Inc. (NASDAQ:DRS) successfully completed sea trials of the Ulsan-Class Future Frigate for the Republic of Korea Navy, featuring a hybrid electric drive propulsion system. The system offers quiet operation and superior fuel economy, aiding anti-submarine warfare missions. The trial demonstrated the vessel's performance and readiness for immediate deployment. DRS will continue producing additional shipsets for the ROK Navy, reinforcing its position as a leading provider of hybrid electric drive systems for naval platforms.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:03 pm

CRM

MSFT

Salesforce CEO Marc Benioff has publicly offered to match the full cash and equity compensation for any OpenAI researcher who has resigned, inviting them to join Salesforce's Einstein Trusted AI research team. The team, led by Silvio Savarese, is part of Salesforce's successful enterprise AI platform, which has recently completed 1 trillion predictive and generative transactions.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 8:45 pm

TCNNF

A report from Maine's cannabis regulator found that half of the state's medical marijuana is tainted with contaminants. The American Medical Association calls for more education on cannabis risks to children and pregnant women. Georgia expands its medical cannabis industry with four new licenses, including FFD GA Holdings LLC, TheraTrue Georgia, LLC, Natures GA, LLC, and Treevana Remedy Inc. Over half of the US population lives in states where cannabis is legal. The DOJ argues for a firearms ban for marijuana users, citing historical firearm regulations.

Portfolio Pulse from Jelena Martinovic

November 20, 2023 | 8:33 pm

AMZN

BYDDY

HYMTF

TSLA

WKSP

BYD Company Limited (OTC:BYDDY) is poised to potentially overtake Tesla Inc (NASDAQ:TSLA) as the world's largest EV maker by the end of 2023. Worksport Ltd. (NASDAQ:WKSP) has announced that its COR portable battery system has entered the Test Phase, moving closer to market release. Hyundai Motor Company (OTC:HYMTF) will use a customized version of Worksport's SOLIS and COR for its Santa Cruz pickup. Hyundai has also partnered with Amazon.com Inc (NASDAQ:AMZN) to sell cars on Amazon and will use Amazon Web Services as its cloud provider, with plans to integrate Amazon Alexa into its vehicles by 2025.

Portfolio Pulse from Upwallstreet

November 20, 2023 | 8:20 pm

DIS

PENN

Penn Entertainment (NASDAQ:PENN) received an upgrade from Bank of America analyst Shaun C. Kelley from Neutral to Buy, with a price target increase from $27 to $30, following the successful launch of ESPN Bet. The app's strong initial download and app activity, promotional discipline, and stable Q3 earnings for PENN's core gaming business contributed to the upgrade. ESPN Bet, launched through a licensing deal with The Walt Disney Company (NYSE:DIS), saw 865,000 downloads and topped the sports and overall free apps charts. Kelley suggests ESPN Bet could achieve 6-7% market share in online sports betting and 2% in iGaming. PENN shares rose 7.5% to $26.42 on the news.

Portfolio Pulse from Chris Katje

November 20, 2023 | 8:17 pm

JCI

Johnson Controls (NYSE:JCI) received a $33M DOE grant to expand U.S. heat pump manufacturing, increasing production by 200% and creating 1,000 jobs. Facilities in Texas, Kansas, and Pennsylvania will produce 200,000 heat pumps annually, reducing CO² emissions by 25 million metric tons per year. The expansion is part of the Defense Production Act to boost clean energy tech and will involve local partnerships for workforce development.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 8:15 pm

GDC

GD Culture Group Limited (NASDAQ:GDC) stock surged after announcing its AI-driven digital human technology on TikTok. The technology aims to create lifelike digital humans for live-streaming e-commerce and virtual anchors on TikTok. The company has already launched 30 virtual anchors. GDC's stock experienced high trading volume and was halted twice, trading at $3.76, up 13.9%.

Portfolio Pulse from Ryan Gustafson

November 20, 2023 | 7:53 pm