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Corporate Responsibility

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Ilya Sutskever, a co-founder of OpenAI, expressed regret over his participation in board actions that he feels may have harmed the company. He reaffirmed his love for OpenAI and committed to working towards reuniting the company.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 1:46 pm

ASNS

Actelis Networks, Inc. (NASDAQ:ASNS) has delivered cyber-hardened, hybrid-fiber networking solutions to a US Naval base in the Asia-Pacific region. The solutions will replace legacy equipment and expand network connectivity, providing secure, high-speed communications for on-base operations. Actelis' technology enables rapid deployment and cost savings by utilizing existing wiring for fiber-grade connectivity, which is critical for military base modernization.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 1:42 pm

AZN

AstraZeneca has launched Evinova, a health-tech business aimed at accelerating innovation in life sciences, optimizing clinical trial design, and improving health outcomes. Evinova will operate within AstraZeneca, leveraging digital health solutions that are evidence-led and science-based. The company has established strategic collaborations with CROs Parexel and Fortrea, and is working with Accenture and Amazon Web Services to expand its digital products' reach. Evinova's solutions include a unified trial solution, study design and planning, and portfolio management. The digital health market is expected to grow significantly, and Evinova's solutions are designed to reduce healthcare costs and enhance patient experiences.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 1:27 pm

BAK

Braskem (NYSE:BAK) has been awarded a $671,000 grant from the REMADE Institute, funded by the U.S. Department of Energy, for its polymer recycling technology research partnership. The project, in collaboration with the University of Massachusetts Lowell, Dow Chemical, and Aquapak, aims to develop advanced manufacturing technology for sustainable and recyclable multilayer plastic films. Braskem's goal is to include 300,000 tons of recycled content in its products by 2025 and 1 million tons by 2030, while also reducing greenhouse gas emissions. The REMADE Institute has funded nearly 100 R&D projects since 2017, focusing on reducing energy and emissions in industrial materials production.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 1:16 pm

ENFN

Enfusion, a provider of cloud-based investment management software and services, has announced the appointment of Neal Pawar as Chief Operating Officer (COO), effective November 27. Pawar brings a wealth of experience to the role, having previously held senior positions at various financial and technology firms. This strategic hire is expected to strengthen Enfusion's leadership team and support its growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 1:16 pm

ELWS

Earlyworks Co., Ltd. (NASDAQ:ELWS) has signed an MOU with Pole to Win Vietnam to form an alliance leveraging Earlyworks' private blockchain technology, Grid Ledger System (GLS), to provide blockchain quality assurance services. The alliance aims to offer low-cost verification solutions to the Web 3.0 industry, addressing the high costs and resource pressures of in-house verification. Earlyworks' CEO, Satoshi Kobayashi, sees this as a cornerstone for expansion in the quality assurance market and a means to improve blockchain product standards.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 1:14 pm

MSFT

OpenAI is experiencing internal strife as employees, including high-level executives, are protesting against the board's refusal to bring back Sam Altman and Greg Brockman, who have been hired by Microsoft Corp. (NASDAQ:MSFT). Microsoft, led by CEO Satya Nadella, holds a 49% stake in OpenAI. The protest involves employees quitting or voicing their discontent, with CTO Mira Murati and COO Brad Lightcap among those supporting Altman and Brockman. The future direction of OpenAI amidst this turmoil is uncertain.

Portfolio Pulse from Rounak Jain

November 20, 2023 | 1:10 pm

TGB

Taseko Mines Limited has announced the appointment of Richard Tremblay as Chief Operating Officer and Terry Morris as Vice President, Operations. Tremblay, with over 30 years of experience, has been with Taseko since 2014 and has played a key role in the Florence Copper Project. Morris brings nearly 20 years of experience and has held roles at Barrick Gold, Peabody Australia, Westmoreland Coal, and Teck Resources. The company is focusing on becoming a North American multi-asset copper producer, with the Florence Copper project expected to commence commercial operations in 2025.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 1:07 pm

TCON

TRACON Pharmaceuticals has licensed its product development platform for an upfront payment of $3 million. This deal could potentially impact the company's financials and future development capabilities.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 1:03 pm

J

Jacobs Engineering Group Inc. has been chosen as the program and construction management partner for Thyssenkrupp Steel's $2.5 billion project to decarbonize its steel mill in Duisburg, Germany. This initiative is part of Thyssenkrupp's broader efforts to reduce carbon emissions and transition towards more sustainable steel production.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 12:48 pm