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WMT

Walmart announced the opening of a new 490,000+ square foot facility that will utilize automated technology to enhance supply chain efficiency. This move is part of Walmart's ongoing efforts to streamline operations and improve logistics.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:04 pm

WMT

Walmart has inaugurated a new high-tech consolidation center in Minooka, Illinois, spanning over 492,000 square feet and expected to create 700 jobs. This facility, the third of its kind in Walmart's supply chain, will utilize automated technology to triple the volume throughput and enhance supply chain efficiency. It aims to ensure product availability across all 4,700 Walmart stores by facilitating small to medium-sized regional suppliers. The technology will also streamline purchase order fulfillment for suppliers, reduce lead times, and enable faster delivery, with the savings potentially passed on to customers through lower prices.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:03 pm

ZEPP

Zepp Health Corporation (NYSE:ZEPP) announced the U.S. launch of the Amazfit Helio Ring on May 15th, 2024, priced at $299.99. The smart ring, awarded 'Best Fitness Wearable' at CES 2024, offers insights into athletic performance and recovery. It can be purchased alone or bundled with Amazfit smartwatches for enhanced data integration via the Zepp App. The product aims to redefine athletic recovery by providing comprehensive health monitoring and recovery insights.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:03 pm

COIN

Coinbase Global announced the rollout of support for the Lightning Network, aiming to enable instant, low-cost Bitcoin transfers. This move is expected to enhance the user experience by facilitating quicker and more economical transactions.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:59 pm

XOM

Exxon announced it will temporarily shut down two of its oil projects in Guyana for two weeks each to connect pipelines. This operational decision is aimed at enhancing the infrastructure for oil extraction and transportation in the region.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:49 pm

LLY

Lilly's executive announced during a conference call that the approval of Mounjaro Multi-Dose Kwikpen in Europe was received slightly ahead of the company's expectations. This early approval has given the company additional confidence in its ability to launch the product.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:47 pm

LLY

Eli Lilly expects acceleration and revenue growth through H2 2024 due to increased supply of incretin medicines. The company is investing to expand capacity for these medicines. Additionally, Eli Lilly anticipates CMS and Medicare coverage for Zepbound, its obstructive sleep apnea treatment, at launch.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:47 pm

LLY

Eli Lilly is intensifying efforts to increase the supply of Tirzepatide, expecting significant shipment volume growth in H2 2024. The company confirms it is on track to meet its previously set production goals for incretin medicines, projecting at least a 1.5x increase in salable doses of incretin medicine in H2 2024 compared to H2 2023.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:46 pm

LLY

Eli Lilly is advancing its plans to boost manufacturing capacity, including FDA approval for a Wisconsin facility acquired from Nexus Pharma. The company aims to start production by the end of 2025, as demand for Tirzepatide still exceeds supply despite increased production.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:46 pm

IBM

IBM's board of directors has approved an increase in the quarterly cash dividend from $1.66 to $1.67 per share, marking the 29th consecutive year of dividend increases. This dividend is payable on June 10, 2024, to shareholders of record as of May 10, 2024. IBM has a long history of paying quarterly dividends since 1916. CEO Arvind Krishna highlighted IBM's focus on hybrid cloud and AI technologies, which are driving growth and enabling continued innovation and shareholder returns.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:41 pm