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GOOGL

META

Canada's Heritage Minister, Pablo Rodriguez, announced plans to halt government advertising spending on Facebook and Instagram, platforms owned by Meta Platforms Inc. (NASDAQ:META). This decision comes in response to Meta and Alphabet Inc's Google (NASDAQ:GOOGL) signaling their intention to block Canadian news content in response to the new Online News Act. The move is expected to significantly impact Meta's advertising revenue.

Portfolio Pulse from Benzinga Neuro

July 06, 2023 | 1:12 am

ASR

ASUR reported passenger traffic for June 2023 of 5.9 million passengers, which is 4.5% above prior levels.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 9:32 pm

UMH

UMH Properties reports that its current inventory is approximately 700 homes, which is above its normal levels. During the quarter, around 400 rental homes in inventory were occupied, making them income producing, and 44 new homes were sold, creating additional site rent. This led to a year-over-year same property income growth of about 8.6% and a 190-basis point improvement in occupancy.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 8:19 pm

CBZ

CBIZ has acquired American Pension Advisors (APA), a full-service retirement plan consulting and administration firm. The acquisition, effective from July 1, 2023, will add 14 employees and approximately $2.9 million in revenue to CBIZ. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 8:03 pm

VBIV

VBI Vaccines and Brii Biosciences have expanded their partnership to address both prevention and treatment of Hepatitis B. Brii Biosciences has acquired worldwide exclusive license to VBI-2601 and an exclusive license for PreHevbri® in the Asia Pacific region. VBI will receive $15 million in upfront payments, including a $3 million equity investment, and is eligible to receive up to $422 million in additional potential regulatory and commercial milestone payments, plus double-digit royalties.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 8:02 pm

Toyota Motor Corporation's (NYSE:TM) North American division reported a 14.9% increase in U.S. sales for June 2023, selling 195,448 vehicles. Sales of electrified vehicles rose 28.8% YoY, accounting for 26.4% of total sales. However, for the first half of 2023, U.S. sales decreased by 0.7% YoY. TM shares are trading higher by 0.90% at $161.91.

Portfolio Pulse from Shivani Kumaresan

July 05, 2023 | 4:27 pm

EME

EMCOR Group Inc (EME) has agreed to acquire ECM Holding Group, Inc, a company specializing in energy efficiency retrofit services. The deal, set to close in Q3 2023, will strengthen EMCOR's position in energy efficiency specialty services and expand its nationwide energy conservation and sustainability solutions portfolio. ECM's estimated revenues for 2023 total $60 million. EMCOR reported Q1 revenues of $2.89 billion, beating the consensus of $2.87 billion.

Portfolio Pulse from Lekha Gupta

July 05, 2023 | 2:41 pm

AAPL

BABA

HLN

MDLZ

NKLA

PFE

RIVN

TSM

UPS

Apple lost an appeal over 4G patent infringement in London court, marking another victory for Optis Cellular Technology. Deutsche Bank and Commerzbank face a $348M lawsuit by RusKhimAlyans, a Gazprom subsidiary. Nikola Corp plans to liquidate the assets of battery maker Romeo Power. Pfizer and Samsung Biologics signed two agreements for long-term manufacturing of Pfizer's biosimilar portfolio, worth $897M. Airbus is investing in a new Wing Technology Development Centre at its Filton site in the UK. TSMC expects a significant revenue rebound due to the launch of new Apple iPhones and strong demand for AI chips. Rivian Automotive reported Q2 production and delivery numbers. Evotec secured a US government contract for orthopoxvirus antibody. Mondelēz recalled two varieties of belVita biscuits in the US over peanut contamination. BYD plans to invest $620M in Brazil's Camaçari Industrial Complex. Alibaba is conducting a strategic review of video streaming platforms Youku and Tudou. UPS drivers consider going on strike after failed labor talks. OMV and ADNOC are in talks to create a chemicals and plastics company worth over $30B. Haleon is considering divesting some smoking cessation products to sell non-core businesses.

Portfolio Pulse from Vandana Singh

July 05, 2023 | 1:23 pm

RTX

Raytheon Technologies (RTX) has been awarded a $117.5 million contract by the US Army for advanced targeting sensor systems. This could potentially boost the company's revenues and profitability.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 1:22 pm

SCLX

Scilex Holding Company projects its gross sales for ZTlido in June to be between $13.5M and $14.5M.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 1:05 pm