Streetbeat News

Corporate Responsibility

CNDT

Conduent Incorporated (NASDAQ:CNDT) has been selected by the Delaware Department of Health and Social Services to implement its Maven Disease Surveillance & Outbreak Management System. This cloud-based platform will modernize Delaware's public health surveillance systems, allowing for improved monitoring, reporting, and understanding of public health threats and infectious disease outbreaks. Maven is already used across 22 jurisdictions and is supported by a team of epidemiologists.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 1:51 pm

ZJYL

Jin Medical International Ltd. (NASDAQ:ZJYL) has announced its portable nano-thermal therapy bath has been selected for the 'Lao Le Hui' Assisted Bathing Project in Shanghai, aimed at serving 100,000 elderly individuals. The company will provide 1,000 sets of this equipment, which uses nano-water particle thermal therapy technology to offer a comfortable bathing experience without immersion. The project, supported by various partners, will also train 2,000 bathing attendants and aims to enhance elderly care services.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 1:41 pm

VINO

Gaucho Group Holdings, Inc. (NASDAQ:VINO) has hired The Basile Law Firm P.C. to investigate its stock performance and potential securities violations due to illegal naked stock sales. Mark R. Basile, Esq., with a history of litigation on behalf of public companies, will lead the investigation. CEO Scott Mathis aims to uncover any illegal short selling activities affecting the company's stock, which has experienced erratic trading days.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 1:40 pm

LIVN

LivaNova PLC has provided an update on its operations following a cybersecurity incident initially disclosed on November 20. The company has reported that all of its manufacturing sites worldwide are now substantially operating at normal levels, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 1:37 pm

VEEE

Twin Vee PowerCats Co. (NASDAQ:VEEE) has announced the launch of three new boat models: the second-generation Twin Vee 400 GFX, the Aquasport 24 Center Console, and the Twin Vee 280 GFX Dual Console. These models are part of the company's growth strategy and product diversification, aiming to meet customer needs with innovative features and designs. The 400 GFX has been enhanced based on dealer feedback, reaching speeds of 75 mph, and offering extensive storage and seating. The Aquasport 2400 CC is designed for fishing, with a spacious deck and optimized space. The 280 DC GFX is a family-friendly model with ample seating and amenities for fishing or socializing.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 1:35 pm

CC

CTVA

MMM

Kevin Hardwick, an Ohio resident, is challenging a court ruling that dismissed a class-action lawsuit against 3M Co (MMM), Corteva Inc (CTVA), Chemours Co (CC), and others over exposure to toxic PFAS chemicals. Hardwick seeks to reinstate the lawsuit to hold these companies accountable for PFAS pollution, which has been linked to serious health risks including cancer. In June, 3M settled a related lawsuit for $10.3 billion with U.S. public water suppliers.

Portfolio Pulse from Vandana Singh

December 13, 2023 | 1:26 pm

CI

HUM

IYH

PFE

SGEN

SHAK

On CNBC's 'Halftime Report Final Trades,' Shake Shack CEO Randy Garutti announced his retirement in 2024, with the company expecting Q4 revenue in line with consensus. Humana was highlighted for its earnings multiple, while Cigna ended acquisition talks with Humana over price disagreements. Pfizer was noted for its high dividend yield and its donation of Bavencio royalties to address FTC concerns regarding its acquisition of Seagen, which is expected to close on Dec. 14. The iShares U.S. Healthcare ETF was also picked, with all mentioned stocks and ETFs experiencing gains in the last session.

Portfolio Pulse from Avi Kapoor

December 13, 2023 | 1:22 pm

RNG

RingCentral, Inc. (NYSE:RNG) has announced the repurchase of approximately $253 million of its 0% Convertible Senior Notes due 2025 using $240 million in cash. This transaction is part of a strategy to manage debt using proceeds from the issuance of 8.500% Senior Notes due 2030. The repurchase is expected to close around December 15, 2023, leaving $161 million of the 2025 Convertible Notes outstanding.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 1:21 pm

GDEV

GDEV Inc. issued a statement clarifying that sanctions against former director and current minority shareholder Ivan Tavrin have no direct impact on the company. Tavrin, who holds 5.9% of GDEV's shares through Kismet Sponsor Limited, was added to the U.S. SDN List but does not control or influence the company. GDEV, which resumed trading on Nasdaq in March 2023 after a suspension, emphasizes its commitment to corporate governance and adherence to Nasdaq and SEC standards.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 1:08 pm

YOU

Healthix and CLEAR (NYSE:YOU) have partnered to provide New Yorkers with free, secure access to their healthcare data via MyHealthRecordNY.com. The service aggregates health records from over 8,000 facilities in New York State, using CLEAR's identity verification technology. Patients can access their records by verifying their identity with a selfie, simplifying the process for both consumers and healthcare providers. The platforms are HITRUST certified and comply with NIST standards to ensure data privacy and security.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 1:07 pm