Streetbeat News

Corporate Responsibility

CHEK

Symetryx, holding 5.6% of Check-Cap Ltd. (NASDAQ:CHEK) shares, issued an open letter urging shareholders to vote against the Keystone Dental merger and Check-Cap board nominees, citing an unrealistic valuation of Keystone and Check-Cap's troubling cash burn. Symetryx recommends voting for its own slate of director candidates, arguing that the proposed merger is value-destructive and dilutive, and that the Check-Cap board is not acting in shareholders' best interests. Symetryx also highlights ongoing operational concerns, including a deficiency letter from the FDA to Keystone, and criticizes the current board for not engaging with Symetryx's proposals or providing financial transparency.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:00 pm

GOOS

Canada Goose Holdings Inc (NYSE:GOOS) has acquired the operating assets of its Romanian partner, Paola Confectii Manufacturing, to enhance its knitwear production capabilities. The acquisition, which is the company's first European facility, aims to improve product margins, supply control, and in-house expertise. Financial terms were not disclosed. Paola Confectii, which has been a partner since 2017, will continue operations under its current leadership. Canada Goose's cash position was C$37.5 million as of October 1, 2023, and its shares saw a 2.17% increase to $10.88.

Portfolio Pulse from Shivani Kumaresan

November 28, 2023 | 4:40 pm

AAL

American Airlines Group Inc (NASDAQ:AAL) has signed an agreement with carbon removal startup Graphyte to purchase 10,000 tons of permanent carbon removal, set to be delivered in early 2025. Graphyte's Carbon Casting process is an efficient and low-cost method for permanent CO2 removal. American Airlines aims to support the growth of the CO2 removal market and meet its emissions reduction goals with this purchase. AAL's stock saw a slight decrease of 0.62% to $12.10 on Tuesday.

Portfolio Pulse from Shivani Kumaresan

November 28, 2023 | 4:30 pm

AMZN

NVDA

During the AWS re:Invent conference, NVIDIA's CEO Jensen Huang presented, which coincided with an increase in NVIDIA's stock price. The details of the presentation were not provided, but the positive market reaction suggests that the content was well-received by investors.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 4:29 pm

AMZN

AWS announced new AWS-designed chips, Graviton4 and Trainium2, at AWS re:Invent. Graviton4 offers up to 30% better compute performance, 50% more cores, and 75% more memory bandwidth than Graviton3. Trainium2 provides up to 4x faster training for ML models and can be deployed in EC2 UltraClusters of up to 100,000 chips. Customers like Anthropic, Databricks, Datadog, Epic, Honeycomb, and SAP are using these chips. Graviton4 will be available in EC2 R8g instances, and Trainium2 in EC2 Trn2 instances. The chips aim to deliver better price performance, energy efficiency, and are designed for workloads like ML training and generative AI applications.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 4:26 pm

AMZN

During the AWS re:Invent keynote, CEO Adam Selipsky discussed cloud transformation and highlighted AWS's innovations in data, infrastructure, AI, and machine learning. These advancements are aimed at helping AWS customers reach their objectives more quickly and tap into previously unexploited potential.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 4:22 pm

BNBUSD

BTCUSD

ETHUSD

Binance.US has updated its community following news about Binance.com and its CEO, CZ. Binance.US emphasized its operational independence and compliance with U.S. regulations, stating it's not part of the settlements announced last week. CZ will step down as Chairman and transfer his voting rights, retaining only an economic interest. The company remains fully operational under the leadership of Norman Reed and the current management team, with a commitment to growth and customer service.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 4:06 pm

RVYL

RYVYL Inc. has entered into a second exchange agreement with a noteholder to convert debt into equity, reducing the company's debt by over $60M. The agreement includes exchanging outstanding principal for Series A and B Preferred Convertible Stock and a cash payment, with the goal of strengthening the balance sheet and maintaining NASDAQ listing compliance.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 3:50 pm

AMZN

Amazon.com Inc (NASDAQ:AMZN) has shifted its healthcare strategy to offering discounted virtual doctor visits, moving away from previous ambitions to revolutionize American healthcare. The company has faced setbacks in healthcare ventures, discontinuing projects like Haven and Amazon Care, and scrapping its wearable health devices. Amazon's current healthcare approach involves One Medical, a primary-care chain it acquired, and PillPack, a mail-order pharmacy. Despite investments, Amazon has not significantly impacted the healthcare industry. Amazon also had a busy 2023 with 27,000 job cuts and restructuring, integrating AI technology across divisions. AMZN shares dropped by 0.89% to $146.42.

Portfolio Pulse from Anusuya Lahiri

November 28, 2023 | 3:41 pm

ETRGF

Entourage Health Corp. reported a decline in Q3 revenue by 8.8% YoY to CA$12.2 million, but saw improvements in gross margins and reduced losses. The company's focus on operational efficiencies, automation, and cost reduction strategies contributed to a gross profit of CA$2.44 million compared to a gross loss last year, and a decrease in net loss to CA$9.9 million from CA$17.43 million. Despite a revenue decline, the company is positioning for sustained growth.

Portfolio Pulse from Nina Zdinjak

November 28, 2023 | 3:32 pm