Latest News for Bionovate Technologies Stock (OTC:BIIO)

Bionovate Technologies Corp is a medical device company. It is engaged in developing automated treatment systems for age spots (solar lentigines). The technology uses a scan and treat protocol that removes age spots accurately and completely without disturbing the surrounding skin area.

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BIONOVATE TECHNOLOGIES by Bionovate Technologies Corp.

Bionovate Technologies Corp

&nbsp;Bank of&nbsp;Montreal&nbsp;(TSX:<a class="ticker" href="https://www.benzinga.com/stock/BMO#TSX">BMO</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMO#NYSE">BMO</a>) today announced at its Board of Directors declared a quarterly dividend of&nbsp;$1.55&nbsp;per share on paid-up common shares of Bank of&nbsp;Montreal&nbsp;for the&nbsp;third quarter&nbsp;of fiscal year 2024 (&quot;Q3&nbsp;2024 Dividend&quot;), a&nbsp;4 cent, or 3 per cent, increase from the prior quarter, up 5 per cent from the prior year.

Dividends

TSX:BMO

Bank Of Montreal Increases Quarterly Dividend To C$1.55/Share From C$1.51, Payable August 27, 2024

HC Wainwright &amp; Co. analyst Andrew Fein maintains Insmed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSM#NASDAQ">INSM</a>) with a Buy and raises the price target from $52 to $70.

Price Target

Analyst Ratings

INSM

HC Wainwright & Co. Maintains Buy on Insmed, Raises Price Target to $70

HC Wainwright &amp; Co. analyst Yi Chen reiterates Icecure Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICCM#NASDAQ">ICCM</a>) with a Buy and maintains $3 price target.

Reiteration

ICCM

HC Wainwright & Co. Reiterates Buy on Icecure Medical, Maintains $3 Price Target

INFY

Infosys' Partnership With The French Tennis Federation (FFT) Today Unveiled Several AI-first Innovations For Roland-Garros 2024, Marking A Pivotal Evolution In The Sixth Year Of Their Partnership

The National Samsung Electronics Union in South Korea has declared a strike, demanding higher wages and fair treatment. This is the first time in the company&#8217;s history that its workers have taken such action.
What Happened: The NSEU, which represents over a fifth of Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) workforce, is set to initiate a one-day strike on Jun. 7, Reuters reported. The union has been vocal about its demands for increased wages, an additional day of annual leave, and transparent performance-based bonuses.
The decision to strike comes after the company announced a 5.1% wage increase for this year. The union claims that Samsung Electronics has not presented a compromise plan during the negotiations held the day before the strike announcement.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39025870/heres-how-much-maga-coin-has-jumped-since-the-ex-president-said-if-youre-in-favor-of-crypt?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Here&#8217;s How Much MAGA Coin Has Jumped Since The Ex-President Said, &#8216;If You&#8217;re In Favor Of Crypto, You Better Vote For Trump&#8217;</a>
Union president Son Woo-mok defended the decision, stating that the company&#8217;s ongoing crisis should not be used as an excuse to ignore the workers&#8217; demands. The strike is expected to impact all of Samsung&#8217;s sites across South Korea. &#8220;The company has been saying they are facing crisis all along for the past 10 year,&#8221;&nbsp;he said. 
&nbsp;&#8220;We will sincerely engage in discussions with the union,&#8221; Samsun said on Wednesday. 
Why It Matters: The strike comes at a crucial time for Samsung Electronics, which has been facing challenges in its <a href="https://www.benzinga.com/news/24/05/38998530/nvidias-evaluation-leads-to-major-blow-for-samsungs-ai-chip-efforts-heat-and-power-consumption-issue">AI chip efforts</a>. Earlier in May, Nvidia&#8216;s evaluation revealed heat and power consumption issues with Samsung&#8217;s AI chips, posing a significant setback for the company.
Amid this crisis, Samsung <a href="https://www.benzinga.com/news/24/05/38935373/samsung-appoints-new-semiconductor-chief-amid-chip-crisis-and-ai-boom">appointed a new semiconductor chief</a> to navigate the challenges and capitalize on the AI boom. However, the union&#8217;s decision to strike reflects the growing frustration among workers due to the company&#8217;s <a href="https://www.benzinga.com/markets/asia/24/04/38423130/nvidia-supplier-sk-hynix-sees-first-profit-in-5-quarters-credits-ai-chip-demand">slump in competitiveness</a> and legal issues, according to analysts.
Meanwhile, Samsung&#8217;s rival SK Hynix <a href="https://www.benzinga.com/markets/asia/24/04/38423130/nvidia-supplier-sk-hynix-sees-first-profit-in-5-quarters-credits-ai-chip-demand">has seen a surge</a> in demand for AI chips, leading to its first profit in five quarters. This has added to the pressure on Samsung, which has been dominant in <a href="https://www.benzinga.com/government/23/12/36408195/south-koreas-semiconductor-surge-samsung-and-sk-hynix-shatter-records-with-unprecedented-production">the semiconductor industry</a> alongside SK Hynix.
Read Next: <a href="https://www.benzinga.com/general/education/24/05/39049904/nvidia-now-worth-more-than-tesla-exxon-walmart-costco-netflix-intel-disney-and-pepsi-combined-t?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia Now Worth More Than Tesla, Exxon, Walmart, Costco, Netflix, Intel, Disney And Pepsi Combined</a>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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SSNLF

Samsung Electronics' Union In South Korea Threatens First-Ever Strike Over Wage Demands

ZEPP

LiveX AI Announced A Transformative Partnership With Zepp Health To Redefine The Customer Experience For Visitors To Zepp Health's Amazfit Website

B of A Securities analyst Ronald Leung upgrades Melco Resorts and Enter (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLCO#NASDAQ">MLCO</a>) from Neutral to Buy and raises the price target from $7.5 to $10.4.

Upgrades

Melco Resorts & Entertainment Limited - American Depositary Shares

MLCO

B of A Securities Upgrades Melco Resorts and Enter to Buy, Raises Price Target to $10.4

South Korea has leveled accusations against North Korea for sending numerous balloons filled with trash and excrement over the heavily fortified border.
What Happened: South Korea has accused North Korea of sending numerous balloons over the fortified border, carrying trash and excrement. Reuters reported that the incident occurred on Wednesday, prompting a military response.
The South Korean military deployed its explosives ordnance unit and chemical and biological warfare response team to inspect and collect the objects. An alert was issued, urging residents to avoid and report any sightings.
By Wednesday, over 150 balloons had been detected, some landing while others remained airborne, local media reported, citing military sources. This action follows a history of South Korean activists sending balloons to the North with critical messages and other items.
Photographs released by the South Korean military showed balloons with plastic bags attached, containing trash and excrement. North Korea&#8217;s vice defense minister had previously warned of retaliatory measures, including sending &#8220;mounds of waste-paper and filth&#8221; to the South.
See Also: <a href="https://www.benzinga.com/news/24/05/39024153/peter-schiff-says-trump-getting-jeered-at-libertarian-convention-made-into-a-huge-deal-if-biden-had?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Peter Schiff Says Trump Getting Jeered At Libertarian Convention Made Into A &#8216;Huge Deal&#8217; — If Biden Had Participated, &#8216;More People Would Have Booed&#8217;</a>
The two Koreas maintain large military forces along their border, with North Korea frequently issuing threats. Peter Ward, a research fellow at the Sejong Institute, noted that such tactics carry less risk of uncontrollable military escalation compared to overt actions.
Why It Matters: This incident is the latest in a series of escalating tensions between the two Koreas. In February, Kim Jong Un asserted his nation&#8217;s<a href="https://www.benzinga.com/news/24/02/37025667/kim-jong-un-says-he-has-lawful-right-to-destroy-its-primary-enemy-south-korea-peace-is-not-something"> &#8220;lawful right&#8221; to destroy South Korea</a>, calling it their &#8220;primary enemy.&#8221; He emphasized that &#8220;peace is not something that should be begged.&#8221;
Earlier this month, North Korea<a href="https://www.benzinga.com/news/24/05/38776689/kim-jong-un-intensifies-north-koreas-military-arsenal-tests-new-rocket-launch-system-report"> tested a new rocket launch system</a>, further intensifying its military capabilities. This move was seen as a direct response to perceived threats from the South.
Read Next: <a href="https://www.benzinga.com/news/24/05/39036025/second-trump-term-could-lead-to-confrontational-relationship-between-china-us-says-expert-likely-exp?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Second Trump Term Could Lead To &#8216;Confrontational Relationship&#8217; Between China, US, Says Expert: &#8216;Likely Experience A New Round Of Large-Scale Decline&#8217;</a>
Photo by Alexander Khitrov on Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Politics

South Korea Accuses Kim Jong Un's North Korea Of Sending Balloons Filled With Trash And Excrement

OpenAI has secured a significant deal with PwC, with the accounting and consulting giant set to become the largest customer of OpenAI&#8217;s ChatGPT Enterprise. This development comes as OpenAI intensifies its enterprise sales efforts.
What Happened: PwC will be the primary customer and the first reseller of OpenAI&#8217;s enterprise product. This follows the announcement of a new deal between the two companies on Wednesday, <a href="https://www.wsj.com/articles/pwc-set-to-become-openais-largest-chatgpt-enterprise-customer-2eea1070?mod=latest_headlines">reported</a> by The Wall Street Journal.
PwC will be rolling out ChatGPT Enterprise, the enterprise-focused version of ChatGPT, to its 75,000 U.S. employees and 26,000 U.K. employees. This amounts to over 100,000 licenses for the AI product. The financial terms of the deal were not disclosed.
This agreement is an extension of PwC&#8217;s previous announcement to invest $1 billion in generative AI, the technology behind ChatGPT, in its U.S. operations over three years, as per PwC&#8217;s U.S. vice chair and chief products and technology officer, Joe Atkinson.
"As this continues to evolve, I expect that billion dollars to grow across our network," Atkinson said.&nbsp;
PwC plans to utilize ChatGPT Enterprise internally to test and apply the technology before sharing insights with clients. To date, 95% of PwC's U.S. workforce has dedicated over 360,000 hours to generative AI activities and learning. According to Atkinson, the technology serves more as an assistant than a simple search tool.
For OpenAI, collaborating with PwC marks one of its initial ventures into selling its technologies to enterprises with a partner other than Microsoft, its primary backer.
See Also: <a href="https://www.benzinga.com/news/24/05/39015789/elon-musk-reveals-tough-problem-battling-russian-jamming-efforts-on-starlink-amid-ukraine-war-spendi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reveals &#8216;Tough Problem&#8217; Battling Russian Jamming Efforts On Starlink Amid Ukraine War: &#8216;Spending Significant Resources&#8217;</a>
Why It Matters: This deal is a significant milestone for OpenAI, as it marks a strategic shift towards enterprise sales, a move that has been in the works since the public release of ChatGPT in 2022. The company has been <a href="https://www.benzinga.com/news/24/05/39053399/openai-board-wasnt-informed-of-chatgpt-launch-alleges-ex-director-helen-toner-we-just-couldnt-believ">focusing on enterprise sales</a>, given the demand it has been witnessing.
OpenAI&#8217;s ChatGPT Enterprise and ChatGPT Team make up its &#8220;business products.&#8221; ChatGPT Enterprise is aimed at companies with over 100 employees, while ChatGPT Team is designed for firms with fewer than 100 employees.
This development also aligns with the broader trend of increased adoption of AI technologies in the business world. A recent <a href="https://www.benzinga.com/news/24/05/38931261/pwc-report-shows-ai-driven-sectors-surging-in-productivity-signaling-economic-upswing">PwC report</a> highlighted the surge in productivity in AI-driven sectors, signaling an economic upswing.
Meanwhile, <a href="https://www.benzinga.com/news/24/05/39055523/openais-chatgpt-4-has-a-relative-advantage-over-humans-in-financial-analysis-study-finds-even-withou">studies have shown</a> that OpenAI&#8217;s ChatGPT-4 has a relative advantage over humans in financial analysis, further underlining the potential for AI technologies to revolutionize various industries.
However, the rise of OpenAI is also attracting competition. French startup Minstral AI has been <a href="https://www.benzinga.com/news/24/05/39045308/french-startup-minstral-ai-gains-traction-in-us-targets-openais-market">gaining traction in the U.S</a>. and is targeting OpenAI&#8217;s market, indicating a growing competitive landscape in the AI industry.
Read Next: <a href="https://www.benzinga.com/news/24/05/39015824/trumps-truth-social-reportedly-sees-sharp-drop-in-us-user-base-despite-aggressive-media-push-cant-de?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Truth Social Reportedly Sees Sharp Drop In US User Base Despite Aggressive Media Push: &#8216;Can&#8217;t Demonstrate That You Have A Sizeable, Active, Engaged, Growing Audience&#8230;&#8217;</a>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Tech

'Big Four' Accounting Firm Becomes OpenAI's Largest ChatGPT Enterprise Customer

Telsey Advisory Group analyst Dana Telsey maintains Bath &amp; Body Works (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) with a Outperform and maintains $53 price target.

BBWI

Telsey Advisory Group Maintains Outperform on Bath & Body Works, Maintains $53 Price Target

HC Wainwright &amp; Co. analyst Kevin Dede reiterates Marathon Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) with a Buy and maintains $27 price target.

MARA

HC Wainwright & Co. Reiterates Buy on Marathon Digital Holdings, Maintains $27 Price Target

HC Wainwright &amp; Co. analyst Mike Colonnese reiterates Riot Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) with a Buy and maintains $17 price target.

RIOT

HC Wainwright & Co. Reiterates Buy on Riot Platforms, Maintains $17 Price Target

HC Wainwright &amp; Co. analyst Scott Buck reiterates Arqit Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQQ#NASDAQ">ARQQ</a>) with a Buy and maintains $2 price target.

ARQQ

HC Wainwright & Co. Reiterates Buy on Arqit Quantum, Maintains $2 Price Target

Eli Lilly Announced Donation Of $6.5M To The United States Fund For Unicef To Expand UNICEF's Work To Improve The Health Outcomes Of Millions Of Children And Youth At Risk Of Noncommunicable Diseases Living In Resource-limited Settings In India

Wedbush analyst Nick Setyan maintains Cava Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) with a Outperform and raises the price target from $74 to $90.

CAVA

Wedbush Maintains Outperform on Cava Group, Raises Price Target to $90

Bank of Montreal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMO#NYSE">BMO</a>) reported quarterly earnings of C$2.59 per share which missed the analyst consensus estimate of C$2.77 by 6.5 percent. This is a 10.38 percent decrease over earnings of C$2.89 per share from the same period last year. The company reported quarterly sales of C$7.988 billion which missed the analyst consensus estimate of C$8.046 billion by 0.72 percent. This is a 2.82 percent increase over sales of C$7.769 billion the same period last year.

Earnings

Earnings Misses

Bank of Montreal Q2 2024 Adj EPS C$2.59 Misses C$2.77 Estimate, Sales C$7.988B Miss C$8.046B Estimate

PDCO

Wellfit Technologies, Inc. Announced Its Partnership With Patterson Companies Inc.'s Patterson Dental, And The Launch Of The Carepay+ Solution, Powered By Wellfit

Telsey Advisory Group analyst Dana Telsey maintains Guess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GES#NYSE">GES</a>) with a Market Perform and maintains $30 price target.

Telsey Advisory Group Maintains Market Perform on Guess, Maintains $30 Price Target

West Pharmaceutical Announced Today That It Will Unveil Its New Daikyo Crystal Zenith Nested Vials In Tub At The International Society For Cell And Gene Therapy Annual Meeting Taking Place In Vancouver, Canada

Modine Announced A Collaboration With RYDE Racine To Support Sustainable Mobility Solutions Across The City Of Racine.

Bionovate Technologies

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Latest News for Bionovate Technologies Stock (OTC:BIIO)

Monday, August 12, 2019