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RIVN

Rivian Automotive, Inc. (RIVN) received final approval for its $5 billion EV plant in Georgia, two years after its announcement. The Georgia Supreme Court cleared Rivian of legal challenges, allowing the company to proceed with the Stanton Springs North project. The plant will produce more affordable EVs based on the R2 platform, with an expected MSRP of around $40,000. The facility aims to start assembly in 2026, reach an annual output of 400,000 vehicles, and create 7,500 jobs by 2028. Construction is set to begin in early 2024.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:46 pm

BA

LMT

Boeing Co (NYSE:BA) is expanding its Huntsville factory by 35,000 square feet to increase its annual PAC-3 seeker production by over 30%. The PAC-3 seeker is essential for the Patriot surface-to-air defense system, and Boeing has delivered the 5,000th unit. The company has invested over $100 million in the Huntsville facilities since 2010 and has been a subcontractor to Lockheed Martin Corp (NYSE:LMT) for over 20 years. Boeing's contracts for seeker production since 2021 exceed $2 billion, with the new facility expected to be operational by early 2027. BA shares saw a slight increase of 0.32% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

November 14, 2023 | 1:42 pm

HOTH

Hoth Therapeutics has completed a pre-IND meeting with the FDA concerning the development of its cancer treatment HT-KIT. The company plans to proceed with development under the Orphan Drug Designation, which is granted for treatments targeting rare diseases or conditions.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:38 pm

ADAUSD

BTCUSD

Crypto analyst Fiery Trading predicts a 9,990% increase in Cardano's (ADA) price, potentially reaching $35. The forecast is based on a 'parallel channel' pattern and recent positive market trends. If ADA reaches this value, its market cap would surpass Bitcoin's (BTC), making it the market leader. However, this surge is not expected until around 2025. Additionally, Cardano's founder expressed interest in a Layer-2 network collaboration with Kraken.

Portfolio Pulse from Mehab Qureshi

November 14, 2023 | 1:35 pm

WLDS

Wearable Devices Ltd. announced its AI-based gesture recognition algorithm optimized for Apple devices passed a 1,000-user test. The algorithm, compatible with mobile OS and designed for user experience, is ready for deployment. It supports TensorFlow Lite and Core ML, enhancing touchless interaction for extended reality applications.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:35 pm

ACN

WDAY

Accenture (ACN) and Workday, Inc. (WDAY) have announced an expanded collaboration to accelerate the adoption of skills-based talent strategies using Workday Skills Cloud. This partnership aims to help organizations adapt to changing workforce demands by focusing on skills for business agility and performance. Accenture's research indicates that skilling the workforce is a top challenge for growth. The collaboration includes new offerings such as Accenture's skill proficiency calculator and integrated skills accelerator, leveraging Workday's software and data, along with Accenture's consulting services.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:32 pm

HES

Hess Corporation (NYSE:HES) has announced the commencement of production from the Payara development on the Stabroek Block offshore Guyana. The Prosperity FPSO, which will be used for production, is expected to reach an initial production of 220,000 gross barrels of oil per day by the first half of 2024. The Stabroek Block's production capacity has now increased to approximately 620,000 gross barrels of oil per day. The Payara development is the third of multiple planned oil developments on the block, with future projects expected to bring the total production capacity to over 1.2 million barrels per day by the end of 2027.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:28 pm

MCHP

Microchip Technology (NASDAQ:MCHP) has released the MPLAB XC-DSC Compiler, designed to enhance coding and debugging for developers using dsPIC Digital Signal Controllers in real-time control systems. The compiler offers flexible licensing options, including workstation, network server, subscription, and site licenses, to optimize code for performance, size, and power requirements. It supports Linux, macOS, and Windows within the MPLAB X IDE. The compiler is available for free, with PRO optimization licenses starting at $44 USD.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:25 pm

BYDDY

LI

TSLA

Li Auto (NASDAQ:LI) surpassed Tesla (NASDAQ:TSLA) in October car sales, selling 40,422 cars compared to Tesla's 28,626. Li Auto expects to maintain similar monthly sales in Q4 and is launching new battery-only vehicles in 2024. Li Auto reported strong Q3 results with a profit of $386 million and revenue of $4.75 billion. Tesla, facing competition from BYD (OTC:BYDDY) and others, reported its first revenue and earnings miss since 2019. BYD is expanding in Europe with a new facility in Hungary.

Portfolio Pulse from Upwallstreet

November 14, 2023 | 1:22 pm

SABR

Sabre Corporation (NASDAQ:SABR), a global travel industry technology provider, has renewed a multi-year distribution agreement with lastminute.com, a European travel tech leader. The agreement will enhance lastminute.com's customer experience through Sabre's shopping and virtual payments solutions, including the Bargain Finder Max shopping API and Sabre Virtual Payments technology. This partnership aims to drive technology innovation, increase customer loyalty, and drive revenue for lastminute.com by offering a seamless travel planning and booking experience.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:22 pm