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Corporate Responsibility

ASPI

ASP Isotopes has provided an update on its operations in Pretoria, South Africa. The company, along with its North American commercial partner RC14, began processing feedstock for enriched Carbon-14 in December 2023. ASP Isotopes anticipates generating revenue and cash flow from this product in the first half of 2024. Additionally, the company has started building its third isotope enrichment facility, which will produce Ytterbium-176 and is expected to begin operations in 2025.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:41 pm

TMST

TimkenSteel (NYSE:TMST) has announced it will change its name to Metallus Inc. and trade under the new ticker symbol 'MTUS' starting February 27, 2024. The rebranding reflects the company's legacy in steel production and its vision for the future, emphasizing profitable growth and leadership in high-performance metals. A new company website will also be launched in conjunction with the name change.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:34 pm

CLOV

Clover Health, a healthcare company, has announced its target to achieve adjusted EBITDA profitability for the fiscal year 2024. This forward-looking statement indicates the company's focus on improving its financial health and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:33 pm

USAU

U.S. Gold Corp. (NASDAQ:USAU) released a CEO update highlighting recent and upcoming milestones for 2024, focusing on the advancement of its CK Gold Project and exploration assets. The company anticipates permit approval and a finalized feasibility study for the CK Gold Project in H1 2024, with the project becoming shovel ready in H2 2024. The update emphasizes robust economics from copper and gold sales, potential environmental benefits, and contributions to Wyoming's economy. Additionally, U.S. Gold Corp. sees value in its exploration assets in Nevada and Idaho and expects to improve its valuation from a currently low share price, with $4.0 million in treasury.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:24 pm

COMS

COMSovereign Holding Corp. (NASDAQ:COMS) has regained its current filer status by filing its overdue quarterly reports for Q1, Q2, and Q3 of 2023. The company has reduced general and administrative expenses significantly through corporate streamlining, which has also improved its reporting processes. COMSovereign filed its 2022 annual report on December 7, 2023, after appraising goodwill and intangibles across its 16 operating units. The company has been restructuring, including selling off certain assets, to simplify its organization and reduce costs. The CEO, David Knight, emphasizes the company's focus on meeting Nasdaq and SEC requirements and supporting customer and partner needs, aiming for growth in 2024.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:23 pm

VOYA

Christine Hurtsellers, CEO of Voya Investment Management, has announced her retirement plans for 2024. Matt Toms, the current global chief investment officer at Voya Investment Management, has been named as her successor. Additionally, Eric Stein has joined Voya Investment Management as the head of investments and chief investment officer for fixed income.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:20 pm

CHH

WH

Choice Hotels International, Inc. (CHH) has released an investor presentation and infographic to counter Wyndham Hotels & Resorts, Inc.'s (WH) antitrust claims regarding Choice's acquisition proposal. The presentation, filed with the SEC, aims to correct misinformation about the antitrust risks and competitive landscape presented by Wyndham. Choice remains confident in finalizing the acquisition within a year, believing it to be pro-competitive and beneficial for stakeholders.

Portfolio Pulse from Charles Gross

January 10, 2024 | 12:57 pm

PAR

PAR Technology has introduced the PAR Wave POS Terminal, a new touch panel designed to align with Environmental, Social, and Governance (ESG) strategies. This product positions PAR as a leader in innovative hardware that caters to brands aiming for operational excellence and sustainability.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 12:36 pm

SGRP

SPAR Group has announced the sale of its interests in its joint ventures in Australia and NMS. The company is looking to streamline its operations and focus on its more profitable ventures. This strategic move is aimed at improving SPAR Group's financial health and shareholder value.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 12:31 pm

CRERF

LVMUY

SNY

Sanofi SA (NASDAQ:SNY) is sponsoring the 2024 Olympic Games in Paris to transform its image and attract a younger workforce. The company is joining other French companies like LVMH and Carrefour in this endeavor. Sanofi's commitment includes backing athletes and involving over 8,000 employees in the Games. The financial investment is speculated to be a significant sum, though exact figures are not disclosed. The impact on investor sentiment is uncertain given Sanofi's recent financial challenges and business model changes. SNY shares closed at $51.76 on Tuesday.

Portfolio Pulse from Vandana Singh

January 10, 2024 | 11:36 am