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Volkswagen is partnering with Revoltech GmbH to develop sustainable materials from industrial hemp for use in its vehicles by 2028. This initiative aligns with Volkswagen's ACCELERATE strategy for sustainability. The LOVR material, made from hemp, is 100% biological and can be recycled or composted. Other automakers like BMW, Ford, and Mercedes-Benz are also exploring hemp-based materials.

Portfolio Pulse from Nina Zdinjak

September 03, 2024 | 2:33 pm

BYDDY

BYD Co., Ltd. has launched its first store in Suriname, marking its entry into the South American market. This expansion is part of BYD's strategy to capitalize on the global shift towards electrification. The company has introduced four models in Suriname and aims to expand its dealer network in Brazil significantly by the end of 2024.

Portfolio Pulse from Nabaparna Bhattacharya

September 03, 2024 | 2:19 pm

CBSTF

MINT Cannabis and Shango have entered a joint venture to acquire The Cannabist Company's Florida subsidiary, expanding their presence with 14 dispensaries and cultivation facilities. This move coincides with Donald Trump's endorsement of Florida's Amendment 3 for marijuana legalization.

Portfolio Pulse from Jelena Martinovic

September 03, 2024 | 2:11 pm

TCBP

TC BioPharm shares rose as the company announced dosing 5 new patients in its ACHIEVE Phase 2b trial.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 2:08 pm

USO

Brent crude oil prices have fallen below $74, marking the lowest level in 2024, due to reports of an imminent deal to restart Libyan oil flows. This development could impact oil-related assets, including ETFs like USO.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 2:07 pm

INTC

Intel is set to launch its new Core Ultra processors on Tuesday, September 3, at 12 p.m. ET. This event is significant for Intel as it introduces the Core Ultra 200v series, which is expected to enhance their mobile processor offerings.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 2:07 pm

BTI

OGI

British American Tobacco's subsidiary, BT DE Investments Inc., has completed the second tranche of its strategic equity investment in Organigram Holdings Inc., acquiring shares worth $30.8 million. This investment is part of a larger $92.3 million commitment aimed at supporting Organigram's international and technological expansion.

Portfolio Pulse from Jelena Martinovic

September 03, 2024 | 2:07 pm

BTC-USD

TSLA

La Rioja, an Argentine province, has introduced a quasi-currency called 'chachos' in response to economic challenges following President Javier Milei's austerity measures. Elon Musk praised Milei's policies, despite the economic turmoil.

Portfolio Pulse from Pooja Rajkumari

September 03, 2024 | 1:50 pm

GRNQ

Greenpro Capital's GreenX is expanding into the Middle East by partnering with Sharia Digital Technologies FZ LLC in Dubai. This collaboration will establish Dubai as GreenX's regional headquarters and involve technology transfer and Shariah-compliant digital asset exchange development.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 1:50 pm

OWLT

Owlet has launched its medically-certified Dream Sock in Europe, expanding its market reach. The announcement was made at Kind + Jugend 2024, indicating a strategic move to increase global availability.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 1:42 pm