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Corporate Responsibility

IMMP

Immutep Limited has received a €1.6 million (approximately A$2.6 million) R&D tax incentive payment from the French Government under the Crédit d'Impôt Recherche scheme for eligible R&D activities conducted in the EU during 2022. This follows a previous A$1.13 million cash rebate from the Australian Federal Government for R&D activities in financial year 2022. The funds will support clinical development of eftilagimod alpha and preclinical development of IMP761.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:16 pm

COMS

COMSovereign Holding Corp. (NASDAQ:COMS) filed its annual 10-K report for 2022 and is working to file delinquent quarterly reports for 2023. The company underwent a business transition, including cost-cutting and streamlining its corporate structure, which resulted in a 75% reduction in headcount and consolidation into a single reporting entity. COMSovereign has continued product sales, expanded its partner network, and disposed of non-core assets. The company aims to return to current-filer status and will update shareholders on developments early next year. COMSovereign received a delisting notice from Nasdaq for non-compliance with filing requirements but has been granted a hearing to present its compliance plan.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:15 pm

FTCI

FTC Solar, Inc. (NASDAQ:FTCI) has established a Customer Advisory Board to enhance growth and customer experience, appointing Anthony Carroll as its Chairman. The board will provide feedback for product strategy and support business development. Carroll's extensive experience in renewables, including leadership roles at Powin and Siemens Gamesa, is expected to bring immediate value to FTC Solar and its customers.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:13 pm

CZOO

Cazoo Group Ltd (NYSE:CZOO) has completed its debt restructuring, exchanging $630 million of 2.00% Convertible Senior Notes for $200 million of senior secured notes and 4,499,721 Class A ordinary shares. This represents approximately 92% of the estimated outstanding shares post-restructuring. A 1-for-100 reverse stock split and share capital increase were also effected. The company distributed new warrants to shareholders and introduced a new Board of Directors, signaling a significant inflection point for Cazoo's future growth and strategic initiatives.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:10 pm

DGX

Quest Diagnostics (NYSE:DGX) has been awarded a multi-year contract by the CDC to assess the hepatitis C virus burden in the U.S. This marks a new phase in a decade-long collaboration, where Quest will provide research consulting, laboratory testing, and data analytics services. The project involves HCV antibody and molecular RNA testing on HIPAA-de-identified 'remnant' specimens. The collaboration aims to inform public policy and improve care for individuals with hepatitis C. Quest's extensive experience in hepatitis testing and its large database of de-identified laboratory results will support this initiative.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:06 pm

CYN

Shares of Cyngn Inc. (NASDAQ:CYN) surged after the company announced a new patent for its autonomous vehicle technology. The patent, US-11,837,089-B2, covers a modular extensible behavioral decision system that integrates environmental factors for AV decision-making. Cyngn's DriveMod solutions aim to provide advanced automation with humanlike driving capabilities across various vehicle types without the need for infrastructure changes. CEO Lior Tal emphasized the importance of protecting their intellectual property to maintain a competitive edge.

Portfolio Pulse from Nabaparna Bhattacharya

December 07, 2023 | 1:04 pm

TECK

Teck Resources has entered into an agreement with Oldendorff Carriers GmbH & Co. KG to implement wind propulsion technology in its supply chain, aiming to reduce CO2 emissions.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:54 pm

IESC

IES (IESC) has announced the promotion of Matthew Simmes to the role of President and Chief Operating Officer. This executive change could signal a strategic shift or continuity in leadership, which may affect the company's operations and future direction.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:44 pm

GOOG

GOOGL

META

MSFT

Alphabet Inc.'s Google has announced Gemini, an AI model to compete with OpenAI's ChatGPT. Meanwhile, TikTok's parent company ByteDance is set to release a language model claimed to be more powerful than Gemini. Google's Gemini has outperformed GPT-4 and other models in benchmarks, but its Ultra version won't be available until 2024. ByteDance's upcoming model could intensify the AI competition.

Portfolio Pulse from Rounak Jain

December 07, 2023 | 12:42 pm

AAPL

GOOG

GOOGL

Apple Inc. (AAPL) has updated its Legal Process Guidelines to include data from push notifications in response to law enforcement requests. This change was prompted by concerns raised by Senator Ron Wyden about governments using notification data for surveillance. The guidelines now outline how Apple must provide Apple ID information associated with its notification service when legally ordered. Alphabet Inc. (GOOG, GOOGL) was also mentioned as having received similar requests from governments.

Portfolio Pulse from Benzinga Neuro

December 07, 2023 | 12:39 pm