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BAC

Bank of America (NYSE:BAC) shares are trading higher by 1.8% to $39.48 following favorable economic data indicating a sharp rebound in U.S. retail sales and an improvement in the labor market. The U.S. Census Bureau reported a 1% month-over-month increase in retail sales for July, surpassing expectations. This growth benefits financial institutions like Bank of America through increased consumer borrowing, higher transaction volumes, and improved liquidity.

Portfolio Pulse from Henry Khederian

August 15, 2024 | 3:01 pm

SPAI

Safe Pro Group Inc (NASDAQ:SPAI) is set to IPO on August 16, 2023, on the NASDAQ exchange. The company will offer shares priced between $4.25 and $5.75 each, with an insider lock-up period of 180 days ending on February 12, 2025. Safe Pro Group focuses on acquiring innovative security and protection products.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 3:00 pm

ROMJF

Rubicon Organics Inc. (OTC:ROMJF) reported a 7% increase in net revenue for Q2 2024, reaching CA$12.1 million. However, gross profit decreased by 12% to CA$4.05 million due to a shift in consumer preferences towards larger format purchases. The company also reported a decline in adjusted EBITDA and gross profit before fair value adjustments. Despite these challenges, Rubicon generated positive operating and free cash flow and continues to invest in growth initiatives.

Portfolio Pulse from Nicolás Jose Rodriguez

August 15, 2024 | 2:57 pm

ASUR

Asure Software has acquired HireClick to enhance its recruitment capabilities for small and mid-sized businesses, strengthening its cloud-based human capital management solutions.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 2:55 pm

NTR

Nutrien has expressed concerns over potential labor action that could impact rail service and product movement. The company is taking proactive measures to mitigate the impact on customers, with the effects dependent on the duration of the disruption.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 2:46 pm

CRLBF

CURL

GTBIF

Sackville & Co., a cannabis design company founded by Lana Van Brunt and Hayley Dineen, regained control of their company after a legal battle with 48North. They have since thrived, collaborating with high-profile clients like Curaleaf, GTI, and Cresco Labs. The company focuses on creating art-inspired cannabis accessories and is committed to social justice initiatives.

Portfolio Pulse from Rolando García

August 15, 2024 | 2:41 pm

BMY

JNJ

LLY

MRK

The Biden administration announced that Medicare's newly negotiated prescription drug prices, expected to save the U.S. government $6 billion in the first year, will take effect in 2026. This initiative, part of the Inflation Reduction Act, aims to lower healthcare costs for Medicare recipients. Key drugs impacted include Bristol Myers Squibb's Eliquis, Merck's Januvia, Johnson & Johnson's Imbruvica, and Eli Lilly's Jardiance. Despite the savings, the direct benefit to patients remains unclear.

Portfolio Pulse from Vandana Singh

August 15, 2024 | 2:38 pm

TPST

Tempest Therapeutics shares are trading higher following positive feedback from the FDA on their end-of-Phase 2 meeting for amezalpat in combination with atezolizumab and bevacizumab to treat first-line unresectable or metastatic hepatocellular carcinoma.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 2:34 pm

PRFT

Perficient has launched Scarlett, an AI-powered chatbot designed to enhance productivity and operational efficiencies on a global scale.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 2:32 pm

VERI

Veritone shares are trading higher after the company announced its media and entertainment solutions are available in the AWS marketplace.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 2:23 pm