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New York has seen significant growth in its cannabis industry, with nearly 6,200 licenses issued last year. Several new cannabis shops have opened in NY, with The Flowery, The Herbal Care, and Verona Collective among them. Orange County Cannabis also launched sales. Ascend Wellness Holdings opened a new store in Ohio, Jushi Holdings relocated a dispensary in Pennsylvania, and Verano Holdings opened a new location in Florida. Experts suggest cannabis stocks are now poised for growth, with Benzinga PotProfits highlighting recent gains in cannabis stocks such as GTBIF, TCNNF, and VFF.

Portfolio Pulse from Jelena Martinovic

January 16, 2024 | 1:52 pm

ABBV

CCI

MPC

SYK

On CNBC's 'Halftime Report Final Trades,' analysts recommended Crown Castle Inc. (CCI), Marathon Petroleum Corporation (MPC), Stryker Corporation (SYK), and AbbVie Inc. (ABBV). CCI announced a review of its Fiber business and new board members. MPC appointed new executives. SYK received a higher price target from RBC Capital. ABBV announced a collaboration with Umoja Biopharma. CCI's stock was flat, while MPC, SYK, and ABBV saw gains in their last trading session.

Portfolio Pulse from Avi Kapoor

January 16, 2024 | 1:51 pm

PUYI

Puyi Inc. has announced a $13 million investment from New Dragon Group for 4,224,000 ordinary shares at $3.13 per share or $4.70 per ADS. This transaction will result in New Dragon holding approximately 1.1% of Puyi's enlarged outstanding ordinary shares. The shares include both newly issued shares and existing shares sold by certain shareholders. Puyi's CEO, Mr. Yong Ren, views the investment as a recognition of Puyi's acquisition-driven growth strategy and a sign of confidence in the company's long-term growth.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:51 pm

BANL

BIDU

ELAB

Baidu's stock (BIDU) fell by 5% following reports linking its language model to Chinese military research. ELEVAI Labs (ELAB) surged 126% after signing an exclusive manufacturing and license agreement with INmune Bio to use its EMx Technology. Banle Energy International Limited (BANL) rose 52% in support of BYD's first voyage of its car carrier, BYD Explorer 1.

Portfolio Pulse from ryanfaloona@benzinga.com

January 16, 2024 | 1:50 pm

CLSK

MIGI

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) reported a significant increase in December 2023 revenues, with co-location business revenue up 34% M/M and self-mining business revenue up 27% M/M, totaling approximately $5.97 million. The company completed a second co-location customer deployment and has a total power capacity of 109 MW for about 35,650 miners. Mawson is also involved in legal proceedings, having filed for arbitration against CleanSpark, Inc. (NASDAQ:CLSK) over a payment dispute and is defending against claims made by bankrupt Celsius Mining LLC in an adversary proceeding.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:48 pm

SOS

SOS Ltd. (NYSE: SOS) has announced the launch of an additional 1,500 mining rigs at its Texas Super-Computing Center, as part of its North American expansion. The company has a hosting contract with Grand Flourish Inc. and aims to increase the center's capacity to 200MW, accommodating 200 mobile smart containers and 60,000 servers. The Texas center currently operates 8,483 servers, while the Wisconsin center operates 810 servers with a total hash rate of 1.35 EH/s in North America.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:47 pm

BIDU

Baidu Inc (NASDAQ:BIDU) stock fell after media reports linked its AI platform, Ernie Bot, to military research in China. Baidu denied any collaboration with the authors of the academic paper or their institutions. The South China Morning Post corrected their report, and Baidu reaffirmed its commitment to legal compliance.

Portfolio Pulse from Adam Eckert

January 16, 2024 | 1:46 pm

BIDU

Baidu's stock price has fallen following the company's response to media reports that associated its large language model with significant military research in China.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:45 pm

ACI

Kroger (NYSE:KR) and Albertsons Companies (NYSE:ACI) have announced that their proposed $24.6 billion merger is now expected to be completed in the first half of Kroger's fiscal 2024, later than the early 2024 completion previously anticipated. The deal, which involves Kroger acquiring Albertsons for $34.10 per share, is under scrutiny by the FTC due to concerns over potential market monopoly. The companies are in dialogue with the FTC and state Attorneys General regarding the merger and divestiture plan. Kroger plans to invest $500 million to reduce prices and an additional $1.3 billion to enhance customer experience, plus $1 billion to increase wages and benefits post-merger. KR shares saw a slight increase of 0.22% in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

January 16, 2024 | 1:43 pm

AMPX

AVAV

Amprius Technologies, Inc. (NYSE:AMPX) has announced the SiCoreTM product platform, a new silicon anode battery with up to 400 Wh/kg energy density and 1,200 cycles. This complements their existing SiMaxxTM platform. The batteries are expected to enhance electric mobility and are validated across various applications. Amprius has exclusive rights to use the silicon anode materials in North America and plans to produce SiCore and SiMaxx batteries at a new Colorado factory. AeroVironment (NASDAQ:AVAV) has tested the SiCore batteries and anticipates their impact on aviation and electric mobility.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:37 pm