Streetbeat News

Corporate Responsibility

MRDB

MariaDB plc (NYSE:MRDB) has completed the spinoff of its SkySQL business into a new independent entity, SkySQL Inc. The new company has acquired the rights to the SkySQL database-as-a-service (DBaaS) product and will take over its development, sales, and support. This move allows MariaDB to concentrate on its core MariaDB Enterprise Server product.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 1:06 pm

HTGC

PHAT

Phathom Pharmaceuticals has amended its term loan facility with Hercules Capital, increasing the total loan facility to up to $300 million. The amendment includes favorable terms such as an extension of the maturity date from October 1, 2026, to December 1, 2027. Phathom has already drawn $40 million from the amended facility, bringing the total outstanding to $140 million. The company estimates that the amended terms will result in approximately $20 million in cash savings based on the original maturity date and assuming $200 million in advances.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 1:04 pm

BAX

Baxter International Inc. has successfully completed the initial phase of its IV bag recycling program pilot, in partnership with Northwestern Medicine. The program has diverted over six tons of polyvinyl chloride (PVC) waste from landfills, repurposing it for recycling.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 1:02 pm

RDY

Dr. Reddy's Laboratories has become the first Indian pharmaceutical company to be listed on the Dow Jones Sustainability World Index (DJSI) for 2023. This inclusion reflects the company's commitment to sustainability and corporate responsibility practices.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 12:57 pm

EGOX

Next.e.GO Mobile has announced a cooperation with Cylib to develop sustainable recycling processes for lithium-ion batteries. This collaboration aims to enhance the sustainability and lifecycle of batteries used in electric vehicles, which is a growing concern as the market for EVs expands.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 12:39 pm

ISPR

Ispire Technology's subsidiary, Aspire North America, LLC, has entered into a five-year exclusive global manufacturing and distribution agreement with the lifestyle brand BrkFst. This strategic partnership is expected to enhance Ispire's market presence and could potentially impact its financial performance positively.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 12:28 pm

AAPL

GOOG

GOOGL

Apple Inc. has launched a new web-based diagnostic tool that allows customers to remotely check and repair their iPhones and MacBooks. The tool supports iPhone 12 and later, including the iPhone 15 series, as well as M2-powered MacBooks, Mac Mini, Mac Pro, and Mac Studio. This initiative follows Apple's support for the Right to Repair bill, enabling both customers and third-party service providers to access repair tools. Apple's self-service repair tools are now available in 33 countries and 35 products. Alphabet Inc.'s Google also supports the Right to Repair movement with seven years of software updates for its Pixel 8 series.

Portfolio Pulse from Rounak Jain

December 14, 2023 | 12:27 pm

SBUX

Starbucks Corporation (NASDAQ:SBUX) has been cleared of engaging in anti-union practices according to a report. The investigation, prompted by employee complaints to the NLRB, found no evidence of union obstruction. Starbucks was advised to improve its approach to unionization and update its Global Human Rights Statement. The company's shares are trading higher by 0.69% in premarket.

Portfolio Pulse from Nabaparna Bhattacharya

December 14, 2023 | 12:23 pm

BCYC

Bicycle Therapeutics has provided updates on its BT8009, BT7480, and BT5528 programs during its first R&D Day. The company shared progress and strategic overviews for these programs, which are likely to be critical in its pipeline development.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 12:11 pm

SDGR

Schrodinger hosted its first Therapeutics Pipeline Investor Event, where it disclosed progress on existing clinical programs and unveiled three new programs. The announcement is likely to generate investor interest in the company's expanding pipeline and its potential for future growth.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 12:07 pm