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SVM

Silvercorp Metals Inc. (NYSE:SVM) reported increased gold production of 1,342 ounces, up 22% YoY, and higher zinc production for Q3 Fiscal 2024. However, silver and lead production decreased due to lower head grades and stockpiling of ores. The company will release its unaudited financial results on February 8, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 15, 2024 | 11:42 pm

CPRT

Copart, Inc. (NASDAQ:CPRT) has announced significant changes to its senior executive leadership team. Hessel Verhage has been appointed as the new Chief Operating Officer (COO), while the former COO, Stephen Powers, has transitioned to the role of Chief Business Development Officer (CBDO). Additionally, Copart has appointed David Kang as Chief Marketing Officer (CMO) and Neel Madhvani as Chief Product Officer (CPO). These executives will operate from the Dallas headquarters and report to Co-CEO Jeff Liaw. The leadership changes aim to drive growth and enhance operations, with each executive bringing a wealth of experience from their respective fields.

Portfolio Pulse from Benzinga Newsdesk

January 15, 2024 | 11:31 pm

BETS

Bit Brother Limited (BETS) reported its 2023 mining operation results, with Site 1 mining approximately 136 bitcoins, generating about $6.2M in revenue. Site 1 also saved $1M in electricity through a special agreement. Site 2 in Texas is expected to start in January 2024, aiming for a monthly production of 12 BTC. BETS has partnered with Cruxforce, LLC to potentially develop a third site with a 40MW capacity. CEO Jack Wu anticipates further expansion and improved operations in 2024. The company emphasizes the complexity of accounting for cryptocurrency mining and warns investors not to rely solely on mining results.

Portfolio Pulse from Benzinga Newsdesk

January 15, 2024 | 11:30 pm

PACB

PacBio (NASDAQ:PACB) has announced the release of a new Nanobind DNA extraction kit called PanDNA, which is optimized for HiFi sequencing and expands the range of sample types for long-read sequencing. The Nanobind kits, including the existing HT CBB Kit, now support high-throughput extraction of DNA from additional sample types like animal blood and bacteria. The PanDNA kit complements the Revio sequencing system and is expected to be available in February 2024, while the HT CBB Kit is already on the market.

Portfolio Pulse from Benzinga Newsdesk

January 15, 2024 | 11:28 pm

JBL

Jabil Inc. (NYSE:JBL) has expanded its digital commerce capabilities with a new center of excellence in Chihuahua, Mexico. This third plant in Chihuahua, the fifth in the region, offers over one-million square feet of production capacity. The expansion supports nearshoring and access to advanced technologies like AI and robotics. Jabil's retail industry leadership is reinforced through collaborations with companies like Ocado, Revolut, SumUp, and VusionGroup. Jabil will showcase its innovations at NRF'24. The expansion benefits customers like Ocado by scaling the manufacturing of its Series 600 robot and VusionGroup by increasing production of ESL tags.

Portfolio Pulse from Benzinga Newsdesk

January 15, 2024 | 11:27 pm

DNA

ILMN

Concentric by Ginkgo, a unit of Ginkgo Bioworks (NYSE:DNA), has partnered with Illumina, Inc. (NASDAQ:ILMN) to expand global biosecurity capabilities. They plan to set up a pathogen monitoring network using Illumina's DNA sequencing technology. This 'bioradar' system will help detect and respond to biological threats, supporting global health objectives. The co-marketing agreement aims to enhance pathogen genomic surveillance and build local biosurveillance capacity, reducing reliance on third-party biosecurity services.

Portfolio Pulse from Benzinga Newsdesk

January 15, 2024 | 11:24 pm

EGO

Eldorado Gold Corporation reported strong Q4 2023 preliminary gold production of 143,166 ounces, contributing to a full year production of 485,140 ounces, meeting its 2023 production guidance. The company saw increased production across all assets, with record production at the Lamaque Complex in Canada and Olympias in Greece. In Turkiye, Kisladag and Efemcukuru also performed well, with Kisladag benefiting from improved material handling systems. Eldorado expects a decrease in Turkish current income tax expense for Q4 due to various factors. The company will release its full-year and Q4 financial and operational results on February 22, 2024, followed by a conference call on February 23, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 15, 2024 | 11:22 pm

TSLA

Elon Musk shared a video of Tesla's humanoid robot, Optimus, folding clothes, demonstrating its ability to perform household tasks. The robot, first shown in 2022, has been significantly developed, with a more advanced model revealed in December 2023. The video suggests a larger R&D program with multiple robots and engineers working on the project. This development marks progress in Tesla's goal to integrate robots into daily life and the workforce.

Portfolio Pulse from Benzinga EV Insights

January 15, 2024 | 10:02 pm

AAPL

GOOG

MSFT

Microsoft has announced the general availability of its Copilot app for iOS and Android devices, aiming to expand its reach to more users and businesses. The app's release could enhance productivity on mobile platforms and potentially affect the competitive landscape in mobile software.

Portfolio Pulse from Charles Gross

January 15, 2024 | 9:45 pm

ADBE

INTC

MSFT

OpenAI has announced initiatives to combat misinformation during elections, including tools to verify AI-generated content and enhance transparency. They will encode images from Dall-E 3 with provenance information and release an image-detection tool. OpenAI is also enhancing ChatGPT with real-time event information and is discussing content licensing with media companies like CNN and Fox Corp. Adobe, Microsoft, and Intel are part of the C2PA coalition involved in setting standards for content provenance.

Portfolio Pulse from Piero Cingari

January 15, 2024 | 9:28 pm