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F

GM

STLA

Workers at Ford, Stellantis, and General Motors represented by the United Auto Workers union have overwhelmingly ratified new contracts that include pay raises across the industry. These agreements are expected to set a precedent for workers' compensation as the industry transitions away from gasoline-fueled vehicles.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 2:23 pm

LIVB

Liv Capital Acquisition Corp (LIVB) has mutually agreed to terminate its pending business combination and will redeem all outstanding Class A ordinary shares on Dec. 8, 2023. Following the redemption, the company will liquidate, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 2:19 pm

SSY

SunLink Health Systems (AMEX:SSY) reported a narrower Q1 loss of $(0.06) per share compared to $(0.22) per share YoY, but sales declined to $8.55M from $11.04M YoY, indicating a mixed financial performance.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 2:15 pm

LEN

MUB

SNPS

On CNBC's 'Halftime Report Final Trades,' Bill Baruch recommended Synopsys (SNPS), which is set to report Q4 results on Nov. 29. Shannon Saccocia chose iShares National Muni Bond ETF (MUB), and Joshua Brown selected Lennar Corporation (LEN), which recently reported strong Q3 earnings. Synopsys and Lennar shares both saw a 0.3% increase, while MUB rose 0.1% on Friday.

Portfolio Pulse from Lisa Levin

November 20, 2023 | 2:14 pm

SNDL

SNDL Inc. and Nova Cannabis Inc. have mutually decided to terminate their strategic partnership agreement from December 2022. Despite this, they continue their collaboration under an existing management and services agreement. SNDL has extended the maturity date of Nova's credit facility to March 2024 and remains committed to supporting Nova's growth. The distribution of Nova shares to SNDL shareholders is now canceled. SNDL's stock saw a slight increase in pre-market trading.

Portfolio Pulse from Jelena Martinovic

November 20, 2023 | 2:12 pm

AVXL

Anavex Life Sciences Corp's stock (NASDAQ:AVXL) is rising after the company announced the initiation of a regulatory submission with the European Medicines Agency (EMA) for its Alzheimer's treatment, blarcamesine (ANAVEX2-73). The drug has shown promising results in clinical trials, including the reduction of amyloid aggregation and brain volume loss, as well as significant improvement in dementia symptoms. Anavex is seeking Marketing Authorization in Europe, and the data from its Phase 2b/3 trials will be published in a peer-reviewed journal soon.

Portfolio Pulse from Adam Eckert

November 20, 2023 | 2:08 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) stock is trading higher after CEO Satya Nadella announced that OpenAI's Sam Altman and Greg Brockman will join Microsoft to lead a new advanced AI research team. This follows OpenAI's decision to replace Altman with former Twitch CEO Emmett Shear. Microsoft has invested in OpenAI and has a tech partnership with the company. Nadella confirmed Microsoft's commitment to the partnership and expressed confidence in the product roadmap and innovation.

Portfolio Pulse from Adam Eckert

November 20, 2023 | 2:07 pm

STM

STMicroelectronics (NYSE:STM) has launched a new series of long-range wireless microcontrollers, the STM32WL3, designed for energy-efficient connectivity in smart metering, smart building, and industrial monitoring. These MCUs extend battery life beyond 15 years and support multi-protocol communication in license-free ISM frequency bands. They feature a unique ultra-low-power radio that can listen for wake-up signals while conserving energy. Customers like Lierda Internet of Things Technology and Silent Smart Technology are already using these MCUs to enhance their products. The STM32WL3 is part of ST's strategy to integrate the radio with the main application controller, simplifying design and reducing power consumption. The MCUs are available in various configurations and are backed by ST's 10-year longevity guarantee.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 2:04 pm

DELL

HPE

LNVGY

NVDA

NVIDIA has announced that Dell Technologies, Hewlett Packard Enterprise, and Lenovo will integrate NVIDIA's Spectrum-X Ethernet networking technologies into their servers to enhance AI workloads. Spectrum-X, designed for generative AI, offers 1.6x higher performance than traditional Ethernet and will be paired with NVIDIA's GPUs and AI software. The collaboration aims to transform businesses with generative AI, with new systems expected in the next year's first quarter.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 2:02 pm

JNVR

Janover Inc (NASDAQ:JNVR), a B2B fintech marketplace, has acquired Groundbreaker Technologies, a SaaS platform for commercial property professionals. This acquisition is expected to convert 15% of Janover's revenue to SaaS subscription revenue and is part of a longer-term strategy to enhance revenue quality by transitioning to predictable, recurring subscription revenue. The acquisition complements Janover's loan marketplace with an equity funding platform. JNVR shares traded higher by 1.62% at $0.91 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 20, 2023 | 2:02 pm