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CAE

CAE and Aircraft Performance Group (APG) have announced a strategic partnership to enhance CAE's business aviation training. The partnership will leverage APG's expertise in aircraft performance and runway analysis instruction. As part of the partnership, CAE instructor pilots will be trained on runway analysis and the intricacies of mastering the coordination between a SID (Standard Instrument Departure) and an EOP (Engine Out Procedure). The training aligns with FAA notice N 8900.664, emphasizing the importance of proper training in utilizing contractor's data or other airport obstacle analysis programs.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 2:07 pm

STLA

Stellantis has introduced Pro One, a strategic offensive to boost its global leadership in the commercial vehicles sector. The strategy includes a complete lineup of renewed connected vans, four electrified pickup trucks over the next two years, and a new hydrogen solution. The company aims to have all new vans and pickup trucks connected by the end of 2023. The Commercial Vehicles Business currently accounts for one-third of Stellantis' net revenues, and the Pro One strategy is expected to help double these revenues by 2030.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 2:06 pm

BAER

ICU

NUZE

NVVE

PG

SFT

TGL

US stocks traded lower with the Dow Jones falling around 100 points. Procter & Gamble Co (PG) reported better-than-expected earnings for its third quarter. Shift Technologies (SFT) announced it will file for Chapter 11 bankruptcy protection. Treasure Global Inc. (TGL) announced an AI robot designed for TikTok. SeaStar Medical Holding Corporation (ICU) gained after the FDA granted the company’s device Breakthrough Device Designation. Nuvve Holding Corp. (NVVE) shares dropped after reporting pricing of $1 million underwritten public offering. NuZee, Inc. (NUZE) were down after pricing its $1.275 million underwritten public offering. Bridger Aerospace Group Holdings, Inc. (BAER) fell after announcing a $70 million proposed public follow-on offering.

Portfolio Pulse from Lisa Levin

October 18, 2023 | 2:00 pm

ATXG

Addentax Group Corp. (NASDAQ:ATXG) has entered a research and development agreement with Xi'an University of Electronic Science and Technology and GW Reader Sdn. Bhd., a global pan-entertainment platform. The collaboration aims to advance AI-based content extraction and creation for novels. Addentax will retain full copyright, usage, and ownership of the R&D products resulting from this collaboration.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:46 pm

KSCP

Knightscope, Inc. (NASDAQ:KSCP) has announced two new contracts, selling ten new machines to a hospital in Colorado and an online retailer in Georgia. The online retailer will use two of Knightscope's K1 Hemisphere machines to ensure employee safety and discourage theft at its Georgia facility. The hospital in Colorado has ordered eight of Knightscope's K1 Blue Light Towers to provide wireless communications for those in need of assistance.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:43 pm

REE

REE Automotive Ltd. (NASDAQ:REE) reported a 30% growth in its initial order book value since August end, reaching a total combined order value of approximately $25 million. The company is expanding its Authorized Dealer Network with three new dealers in Wisconsin, Illinois, and California. REE is progressing towards full vehicle certification with expected first customer deliveries by the end of 2023 and a production plan of up to 300 P7 trucks in 2024.

Portfolio Pulse from Nabaparna Bhattacharya

October 18, 2023 | 1:37 pm

ABT

During a conference call, the CEO of Abbott expressed interest in developing nutritional or other products to address muscle mass loss, leveraging GLP-1's. He also commented on the concerns about GLP-1 drugs versus glucose monitors, stating that he believes the concerns are overblown.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:36 pm

ETHUSD

Carlos Vivas, director and senior principal engineer at The Depository Trust & Clearing Corporation (DTCC), will be a speaker at Benzinga's Future of Digital Assets conference on Nov. 14. Vivas has a vast experience in blockchain technology and has co-founded several tech companies. He will be part of the panel titled 'Digital Asset Security: Navigating the Institutional Landscape'.

Portfolio Pulse from Murtuza Merchant

October 18, 2023 | 1:30 pm

TGL

Treasure Global announced the development of an AI robot designed to conduct extended-hour live commerce sessions on TikTok, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:18 pm

GOOG

GOOGL

QCOM

Qualcomm Inc (QCOM) is expanding its collaboration with Alphabet Inc (GOOG, GOOGL) to develop a RISC-V-based wearables solution for use with Wear OS by Google. This will enable more products within the ecosystem to use custom CPUs that are low power and high performance. Both companies will continue to invest in Snapdragon Wear platforms, the leading smartwatch silicon provider for the Wear OS ecosystem. QCOM shares traded lower by 1.22% at $110.83 premarket.

Portfolio Pulse from Anusuya Lahiri

October 18, 2023 | 1:16 pm