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TAC

TransAlta Corporation has announced an investment plan of $3.5 billion to achieve a growth target of 1.75 GW by 2028, aiming for an annual EBITDA of $350 million. The company will focus on customer-centered renewables and storage, expanding its development pipeline to 10 GW. Additionally, TransAlta's Board has approved a 9% dividend increase. A joint development agreement with Hancock Prospecting has been announced to develop clean energy solutions. The company forecasts an adjusted EBITDA of $1.15 to $1.3 billion and FCF of $450 to $600 million for 2024.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 12:21 pm

AAPL

Leaked images of an iPhone 16 Pro prototype battery suggest Apple Inc. (NASDAQ:AAPL) may introduce a metal-cased battery design to address overheating issues experienced with the iPhone 15 Pro. The prototype features a 3,355 mAh capacity and a metal shell, which could enhance heat dissipation. The credibility of the leak is supported by the leaker's past accuracy, but it's still uncertain if this design will be in the final product.

Portfolio Pulse from Benzinga Neuro

November 21, 2023 | 12:12 pm

GOOG

GOOGL

YouTube, a subsidiary of Alphabet Inc. (GOOG, GOOGL), has confirmed that users with ad blockers may experience a 'suboptimal' viewing experience, which includes slower performance and lags. This is part of YouTube's effort to encourage viewers to allow ads or subscribe to YouTube Premium for an ad-free experience. The issue arises amid reports of YouTube being throttled in browsers and coincides with a significant price increase for YouTube Premium subscriptions. Solutions to improve YouTube performance include using incognito/private browsing, disabling ad blockers, or subscribing to YouTube Premium.

Portfolio Pulse from Rounak Jain

November 21, 2023 | 12:07 pm

KODK

Eastman Kodak has been granted a new U.S. patent numbered 11822262, which pertains to a registration system for white toner using a sensing system with a colored reflector plate. This innovation could potentially enhance the precision and quality of printing processes involving white toner, a critical component in the printing industry.

Portfolio Pulse from Charles Gross

November 21, 2023 | 11:46 am

IMUX

Immunic, Inc. (NASDAQ:IMUX), a biotech company focused on therapies for chronic inflammatory and autoimmune diseases, announced the receipt of a Notice of Allowance from the USPTO for a patent application covering dosing regimens of Vidofludimus Calcium in treating Multiple Sclerosis.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:32 am

BGNE

BeiGene, Ltd. has entered into an agreement with Ensem Therapeutics, Inc. to acquire an exclusive global license for an oral CDK2 inhibitor that is ready for Investigational New Drug (IND) application. This partnership aims to advance the development of treatments targeting high-value and difficult-to-drug oncology targets.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:04 am

BIDU

IQ

Baidu, Inc (NASDAQ: BIDU) reported a 6% year-on-year increase in Q3 FY23 revenue to $4.72 billion, missing estimates by $0.07 billion. Adjusted earnings per ADS of $2.80 exceeded expectations by $0.48. Baidu Core and online marketing revenues grew by 5%, while non-online marketing, including cloud and AI businesses, increased by 6%. IQIYI, Inc (NASDAQ: IQ) saw a 7% revenue increase to $1.10 billion, slightly below the $1.12 billion consensus. Baidu's SG&A and R&D expenses rose, with a focus on AI investments like ERNIE 4.0. The company has $27.8 billion in cash and generated $822 million in free cash flow. BIDU shares rose 2.12% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 21, 2023 | 10:42 am

TSLA

Tesla Inc (NASDAQ:TSLA) has released multiple video ads on YouTube, showcasing the ease of charging with its app and the extensive supercharger network. This marks a shift from Tesla's previous no-advertising policy, as Elon Musk had indicated in May that the company would experiment with advertising. The move comes after Tesla reported lower-than-expected deliveries in Q3 but still aims to hit 1.8 million vehicle deliveries for the year.

Portfolio Pulse from Anan Ashraf

November 21, 2023 | 10:42 am

PCRFY

TSLA

Tesla Motors Canada and Panasonic have been granted a U.S. Patent (#11824160) for battery systems based on two-additive electrolyte systems that include 2-furanone. The patent also covers the method of the formation process of these battery systems.

Portfolio Pulse from Charles Gross

November 21, 2023 | 10:41 am

BP

UNG

Oman LNG has entered into a 9-year agreement with BP to supply approximately 1 million metric tonnes of LNG per year starting in 2026, as reported by Reuters citing the state news agency.

Portfolio Pulse from Charles Gross

November 21, 2023 | 10:38 am