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Corporate Responsibility

GIL

Gildan Activewear's stock is trading lower following the announcement that Glenn J. Chamandy has stepped down as President, CEO, and director. Chamandy released a statement after the company's announcement.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 7:53 pm

NOVA

Traders are discussing a call hosted by JP Morgan with Sunnova Energy's CEO, where the CEO stated that most of the company's BBB complaints have been resolved and they expect the DoE loan guarantee to be upheld.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 7:10 pm

CGC

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The Benzinga Cannabis Capital Conference (CCC) in 2023 showcased visionaries who have shaped the cannabis industry. Leaders from companies like Phyto Partners, Poseidon Investment Management, Cookies, Grön, Timeless Refinery, Fernway, Advanced Vapor Services, Zuber Lawler LLP, Würk, PharmaCann, Custom Cones USA, 4Front Ventures, Oak Canna & Wellness, MATTIO Communications, Curaleaf Holdings, TerrAscend Corp, and Cresco Labs shared insights on innovation, market strategies, and regulatory challenges. The CCC will return to Florida in 2024, with tickets available at bzcannabis.com. Notable mentions include Martha Stewart's CBD gummy line with Canopy Growth Corp (CGC) and Alexa Alianiello's role in launching cannabis advertising on Twitter.

Portfolio Pulse from Abbey

December 11, 2023 | 6:57 pm

SDCCQ

SmileDirectClub Inc (OTC: SDCCQ) has ceased operations following its bankruptcy filing in the U.S. in September. The company, established in 2014, offered a direct-to-consumer teeth aligner product as a cost-effective alternative to traditional braces. Despite going public in 2019 with a $1.35 billion IPO, SmileDirectClub accumulated nearly $900 million in debt and struggled to turn a profit. The company also settled a lawsuit regarding the suppression of consumer criticism this year. Efforts to sell the company were unsuccessful, with potential buyers withdrawing or presenting unviable bids.

Portfolio Pulse from Vandana Singh

December 11, 2023 | 6:00 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) has entered into a union agreement with the Communications Workers of America, incorporating AI usage terms into its first U.S. collective bargaining contract. The contract covers staff at ZeniMax video game studio and includes Microsoft's six AI principles. The company must inform the union about AI implementations affecting workers and negotiate impacts. This is part of Microsoft's initiative to integrate AI into its products, with the company recognizing AI's potential to change job roles. Microsoft's union-friendly approach contrasts with some industry peers. Microsoft shares fell by 1.55% to $368.48.

Portfolio Pulse from Anusuya Lahiri

December 11, 2023 | 5:25 pm

LLAP

Terran Orbital's stock price has declined following the company's announcement of a formal review of strategic alternatives to enhance shareholder value. Options may include an investment, sale, a 'take private' transaction, or an alternative strategic relationship.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 5:17 pm

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Nevada Governor Joe Lombardo appointed James Humm as the new leader of the state's Cannabis Compliance Board, succeeding Tyler Klimas. Klimas plans to start a consulting company after a cooling-off period. Humm previously worked at the Governor's Office of Economic Development. In other cannabis industry news, Mandesh Dosanjh became the executive board chair of the IRCC, Richard Drexler stepped down from Green Thumb Industries' board, and Philip Himmelstein was named interim CFO of Acreage Holdings, replacing Carl Nesbitt. Vincent Doré resigned from Entourage Health. The article also hints at potential growth in cannabis stocks, mentioning gains in Green Thumb Industries, Trulieve Cannabis, and Village Farms International.

Portfolio Pulse from Jelena Martinovic

December 11, 2023 | 5:16 pm

GILD

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Gilead Sciences Inc (NASDAQ:GILD) is taking legal action against drug counterfeiting, filing a lawsuit against 161 defendants, including pharmacies and distributors, for tampering with medications like Biktarvy and Descovy. Counterfeit drugs are a significant global issue, with the U.S. seeing a 17% increase in cases in 2022. Johnson & Johnson (NYSE:JNJ) has also initiated similar lawsuits. Gilead's legal efforts have led to a settlement with ProPharma Distribution for $3.3 million, while others, like Safe Chain Solutions, deny the allegations. GILD shares rose by 1.02% to $79.83.

Portfolio Pulse from Vandana Singh

December 11, 2023 | 5:11 pm

OXY

Occidental Petroleum executives have announced plans to reduce costs from CrownRock assets without pursuing significant production growth, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 4:42 pm

BPMC

Blueprint Medicines' stock is trading higher following the company's announcement of new data that emphasizes its dedication to improving the scientific knowledge and treatment options for systemic mastocytosis.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 4:38 pm