Streetbeat News

Corporate Responsibility

NYT

OpenAI has responded to a lawsuit from The New York Times, stating that the suit lacks merit. The company emphasizes its ongoing efforts to make its systems more resistant to adversarial attacks that could cause the regurgitation of training data. Despite the legal challenge, OpenAI remains optimistic about forming a constructive partnership with The New York Times.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 6:08 pm

NWL

Newell Brands Inc (NWL) is undergoing an organizational realignment to enhance commercial capabilities, which includes cutting office roles by 7% by the end of 2024. The company aims to optimize its real estate footprint and implement cost-reduction initiatives. These changes are part of the 'Where to Play / How to Win' strategy introduced in June 2023. Expected annualized pre-tax savings are $65 million to $90 million, with restructuring charges of $75 million to $90 million. NWL's stock rose 2.68% to $8.64.

Portfolio Pulse from Shivani Kumaresan

January 08, 2024 | 5:14 pm

EXAS

Exact Sciences shares dropped following preliminary Q4 results and the announcement of a CFO succession plan. The company's financial performance and executive changes are likely influencing investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:49 pm

IRTC

iRhythm Technologies' stock is trading higher following the company's announcement of a business update and preliminary Q4 highlights at the J.P. Morgan Healthcare Conference.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:48 pm

BA

Boeing Commercial Airplanes President announced that the company has issued inspection instructions for the Max 9 to airlines and is providing technical assistance. Additionally, Boeing will conduct a 'short factory stand down' at its Renton plant on Monday morning.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:28 pm

TWLO

Twilio Inc (NASDAQ:TWLO) shares rose after announcing a CEO transition and updated guidance. Jeff Lawson stepped down as CEO and board member, replaced by Khozema Shipchandler. Jeff Epstein was appointed as Chair of the board. Twilio expects to exceed its Q4 and full-year 2023 forecasts, with revenue and non-GAAP income from operations above November's guidance. The company will report Q4 financial results on Feb. 14, with expected earnings of 57 cents per share on revenue of $1.039 billion.

Portfolio Pulse from Adam Eckert

January 08, 2024 | 4:10 pm

ASML

SSNLF

TSM

Christophe Fouquet, the new CEO of ASML, is planning to visit Taiwan to meet with TSMC CEO C. C. Wei, followed by a trip to Samsung Electronics' headquarters in South Korea, as reported by supply chain sources in the IC industry.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:09 pm

CVS

At the 42nd Annual J.P. Morgan Healthcare Conference, a CVS Health executive stated that the company anticipates improving Medicare margins starting in 2025, which is expected to contribute an additional 3%-4% to adjusted EPS growth in that year.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:52 pm

TWLO

Twilio's stock is trading higher following the announcement of a CEO transition and the company's expectation to surpass its Q4 and full-year 2023 guidance.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:49 pm

PTN

Palatin Technologies, Inc. provided a corporate update, highlighting its strategic priorities for 2024, including clinical development milestones. The company completed the sale of Vyleesi to Cosette Pharmaceuticals for up to $171 million, with $12 million upfront and up to $159 million in sales-based milestones. Palatin is focusing on melanocortin receptor system modulators, with Phase 3 data for Dry Eye Disease expected in early Q1 2024, Phase 2 data for Ulcerative Colitis in Q1 and Q2 2024, and Phase 2 studies for obesity and male sexual dysfunction starting in Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:34 pm