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ESTA

Establishment Labs Holdings Inc. (NASDAQ:ESTA) announced the first U.S. commercial use of its Motiva Flora Tissue Expander at the University of Texas MD Anderson Cancer Center. The device, which recently received FDA clearance, features proprietary SmoothSilk surface technology and an RFID-enabled, non-magnetic port, making it MR conditional and reducing interference during radiation therapy. This marks a significant milestone for the company as it enters the U.S. market, the largest for breast reconstruction.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 1:10 pm

EDAP

EDAP TMS SA has appointed Ken Mobeck as its new Global Chief Financial Officer. Mobeck brings extensive experience in financial leadership roles, which is expected to strengthen EDAP's financial strategy and operations.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 1:10 pm

ALIM

Alimera Sciences, Inc. (NASDAQ:ALIM), a global pharmaceutical company, has appointed Elliot Maltz as the new Chief Financial Officer (CFO) effective immediately. The company focuses on retinal health and vision maintenance. Additionally, Alimera reported an inducement grant under Nasdaq Listing Rule.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 1:06 pm

CI

CVS

DGX

HUM

UNH

WBA

McKinsey & Co has agreed to a $78 million settlement to resolve allegations related to the opioid epidemic, particularly its involvement with Purdue Pharma. The settlement is pending judicial approval and addresses claims from third-party payers such as insurers. This follows a previous $230 million settlement with U.S. local governments and school districts over similar allegations.

Portfolio Pulse from Vandana Singh

January 02, 2024 | 12:56 pm

LLAP

Terran Orbital Corporation (NYSE:LLAP) has received a payment from Rivada Space Networks for completing a program milestone under their existing contract. Rivada is now current on all outstanding invoices, and Terran Orbital anticipates further milestone payments in 2024, with delivery obligations on schedule for 2025 and 2026.

Portfolio Pulse from Charles Gross

January 02, 2024 | 12:16 pm

PPTA

Perpetua Resources Corp. is progressing with the Stibnite Gold Project, aiming to supply the U.S. with antimony and establish a major gold mine. The company is advancing through the NEPA process and preparing for construction. Andrew Cole's appointment to the Board of Directors is expected to enhance operational expertise.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 12:07 pm

BRK

BYDDF

NIO

TSLA

XPEV

Wang Chuanfu, CEO of BYD Co., has been praised by Charlie Munger for his manufacturing prowess, surpassing Elon Musk in this regard. BYD, a Chinese EV maker, is challenging Tesla's market dominance with its range of affordable electric vehicles. Warren Buffett's Berkshire Hathaway invested in BYD in 2008, recognizing its potential. BYD's success is also due to competition with other Chinese EV makers like Nio Inc and Xpeng Inc. The company is expanding globally and is expected to launch third-generation EVs next year.

Portfolio Pulse from Ramakrishnan M

January 02, 2024 | 12:05 pm

DANOY

Danone SA has agreed to sell its U.S. premium organic dairy activity, including Horizon Organic and Wallaby, to Platinum Equity. This move is part of Danone's Renew Danone strategy, focusing on health-focused brands and asset rotation. The U.S. organic dairy segment accounted for 3% of Danone's global revenues and had a dilutive effect on sales growth and margin. Danone will keep a minority stake post-sale. DANOY shares closed slightly up at $12.95.

Portfolio Pulse from Lekha Gupta

January 02, 2024 | 10:44 am

MO

Juul directors Nick Pritzker and Riaz Valani orchestrated a bailout of the vaping company in 2022. During that time, Juul's CEO and General Counsel raised internal concerns about potential conflicts of interest involving Pritzker and Valani. The Wall Street Journal reported this information citing sources familiar with the matter. Altria Group Inc. (MO), which has a stake in Juul, may be indirectly affected by these developments.

Portfolio Pulse from Charles Gross

January 02, 2024 | 10:33 am

IBM

Matthew Candy, IBM's Global Managing Partner for AI, suggested that a computer science degree might not be necessary for tech industry roles due to AI's evolution. AI could streamline product creation and emphasize soft skills like critical thinking and creativity. This reflects a broader trend where AI is expected to disrupt various sectors and prioritize soft skills. IBM's recent acquisitions of StreamSets and webMethods for €2.13 billion ($2.34 billion) underscore its commitment to AI and hybrid cloud, aiming to enhance its Watsonx platform with new data ingestion capabilities.

Portfolio Pulse from Benzinga Neuro

January 02, 2024 | 9:23 am