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WPM

Wheaton Precious Metals announced its 2023 production and sales results, meeting its annual production guidance and forecasting a 40% increase in production over the next five years to over 800,000 GEOs by 2028. The company highlighted strong performances from Salobo and Constancia, expansion of its portfolio with eight development assets, and adjustments in commodity price assumptions for 2024. Wheaton anticipates growth from operating and development projects, with significant increases in production expected from 2029 to 2033.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:16 pm

VCIG

VCI Global Limited (NASDAQ:VCIG) has partnered with UK-based Wootzano Limited to become the exclusive distributor of Avarai robotic packing systems in Malaysia, aiming to deploy 10,000 robots by 2030. This partnership is expected to revolutionize Malaysia's post-harvest supply chain by providing advanced food-handling robots, primarily targeting the agricultural and distribution sectors. VCI Global has committed to minimum purchases starting in 2024 to support this initiative. Additionally, VCIG recently closed a public offering of 2.20 million ordinary shares, raising $2.75 million.

Portfolio Pulse from Nabaparna Bhattacharya

February 21, 2024 | 3:08 pm

AMDI

Amphitrite Digital Inc (NASDAQ:AMDI) is set to IPO on February 22, with shares priced between $3.50 and $4.50. The company specializes in in-destination tours, activities, and attractions in the US and the Caribbean, focusing on marine wildlife, nature, history, and culture.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 3:00 pm

CAG

GIS

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KHC

NVO

At the Consumer Analyst Group of New York Conference, Conagra Brands Inc's executive expressed optimism about the company's potential to grow despite concerns over sales declines due to the popularity of weight-loss drugs like Novo Nordisk's Ozempic and Wegovy. Conagra plans to cater to this demographic by offering tailored products such as frozen meals and snacks. Competitors like The Kraft Heinz Company, Kellanova Co, and General Mills Inc are also navigating the impact of these drugs on consumer food preferences. Conagra's revenue has grown at an average rate of 3.79% annually over the past 5 years, with an expected 9.1% upside in 2025.

Portfolio Pulse from Vandana Singh

February 21, 2024 | 2:54 pm

VTYX

Traders are closely watching Ventyx Biosciences (VTYX) due to circulating unconfirmed analyst comments suggesting the company could be behind the next major weight loss drug. This speculation is based on a new publication indicating that NLRP3, a focus of Ventyx Biosciences, has shown significant weight loss effects similar to those of GLP-1.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:34 pm

MULN

Mullen Automotive has updated the timeline for the U.S. Customs and Border Protection (CBP) ruling on its Class 1 EV cargo vans. The CBP typically processes ruling requests on a first-in, first-out basis and decisions are usually made within 45 to 90 days, although this timeframe may extend based on the agency's caseload.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:31 pm

LI

SDA

Li Auto Inc. (NASDAQ:LI) shares are up in premarket trading after announcing a business cooperation pact with SunCar Technology Group Inc. (NASDAQ:SDA) to develop 'Li Auto Insurance's Broker System.' This system aims to enhance technological advancement and operational efficiency in the insurance industry, with completion expected by November 15, 2024. SunCar will provide design, development, operational support, and lifelong maintenance for the system.

Portfolio Pulse from Nabaparna Bhattacharya

February 21, 2024 | 2:29 pm

CZR

EVO

Evolution (EVO) and Caesars Digital, a part of Caesars Entertainment (CZR), have signed a strategic agreement to expand their partnership in North America. This includes establishing dedicated studios in multiple U.S. states, notably within Caesars' Tropicana Casino in New Jersey. The partnership aims to enhance live casino offerings across the U.S., leveraging Evolution's expertise in live casino games and Caesars' expansive market presence. This collaboration will also extend to Evolution's studios in Pennsylvania and Michigan, offering top-performing online slots and live casino games to players on various Caesars online platforms.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:27 pm

MSFT

OpenAI's ChatGPT recently experienced a glitch, producing nonsensical responses and confusing users. This issue, termed 'unexpected responses' by OpenAI, led to a flurry of social media posts from puzzled users. Microsoft Corp. (NASDAQ:MSFT), a backer of OpenAI, was mentioned in relation to the incident. OpenAI has acknowledged the problem and stated that it has been fixed, but continues to monitor the situation.

Portfolio Pulse from Rounak Jain

February 21, 2024 | 2:23 pm

AAPL

NVDA

TSLA

The article covers a range of topics from cryptocurrency developments, including Bitcoin ETF activity and Ripple's interest in an XRP ETF, to US and world politics, tech updates like Apple's future iPad lineup, and electric vehicle news including Tesla's pricing strategy in Germany. It also touches on financial news such as the Capital One-Discover merger criticism and Nvidia's anticipated earnings report.

Portfolio Pulse from Akanksha Bakshi

February 21, 2024 | 2:15 pm