Streetbeat News

Corporate Responsibility

FMC

FMC Corporation is conducting a strategic review of its non-core assets, which may include the sale of its non-crop product line, Global Specialty Solutions. This review is aimed at optimizing the company's portfolio and focusing on its core agricultural business.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 12:50 pm

UL

Unilever has announced the launch of a new global AI lab in Toronto, Canada. The lab will concentrate on developing next-generation AI and data models to propel the company's growth.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 12:47 pm

CGC

Canopy Growth Corporation (CGC) announced that its subsidiary, BioSteel, has received court approval for successful bids in its sale and investment solicitation process. This development could potentially lead to new investments or ownership changes in BioSteel, which may impact CGC's financials and strategic direction.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 12:38 pm

RADCQ

Rite Aid Corp (OTC:RADCQ) is currently in bankruptcy proceedings and has filed a lawsuit against the DOJ to stop a lawsuit alleging illegal opioid prescription dispensing. Rite Aid aims to protect its restructuring efforts from the DOJ lawsuit, which it claims could jeopardize the process. The company has requested the bankruptcy court to prevent the DOJ lawsuit from proceeding during its bankruptcy status. Rite Aid has already resolved over 1,600 lawsuits related to opioid dispensation but faces concerns that victims may not be compensated due to the bankruptcy.

Portfolio Pulse from Vandana Singh

November 17, 2023 | 12:37 pm

FMC

FMC Corporation has released its preliminary outlook for 2024, projecting revenues between $4.65 billion and $4.85 billion, adjusted EBITDA of $1.025 billion to $1.125 billion, and a free cash flow conversion rate of over 100 percent.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 12:35 pm

AFIB

BDX

EGRX

VTYX

The article highlights four health care stocks considered oversold based on their Relative Strength Index (RSI) values, suggesting potential buying opportunities. Eagle Pharmaceuticals (EGRX) delays Q3 results, Acutus Medical (AFIB) announces restructuring, Becton, Dickinson (BDX) reports mixed results with lower guidance, and Ventyx Biosciences (VTYX) posts in-line loss with upcoming pipeline updates.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 12:26 pm

BA

Boeing Co, in partnership with the U.S. government, has initiated a project to promote the development and utilization of Sustainable Aviation Fuel (SAF) in Asia-Pacific Economic Cooperation (APEC) member countries. SAF is crucial for achieving net-zero carbon emissions by 2050 as set by the International Civil Aviation Organization and the industry. Despite its potential to reduce CO2 emissions by up to 85%, SAF currently makes up only 0.1% of global jet fuel demand due to limited supply and high costs. The initiative, sponsored by the U.S. Department of Transportation and the FAA, aims to address these challenges by identifying sustainable feedstocks, optimizing production pathways, leveraging existing infrastructure, and developing SAF-specific policies.

Portfolio Pulse from Shivani Kumaresan

November 17, 2023 | 12:22 pm

NVAX

Novavax has appointed John Trizzino as President and COO, both newly created positions. John Herrmann, the current Chief Legal Officer and Corporate Secretary, will retire on December 8. Mark Casey will succeed Herrmann as the new Chief Legal Officer and Corporate Secretary.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 12:21 pm

VRPX

Virpax Pharmaceuticals has announced the appointment of Gerald Bruce as its new CEO and Eric Floyd as Chairman. These leadership changes could signal a strategic shift or new direction for the company.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 12:04 pm

EVTV

Envirotech Vehicles (EVTV) has received a Certificate of Conformity with the Clean Air Act from the EPA for its Bumble Bee all-electric school bus. This certification is a significant step for the company, indicating that the Bumble Bee meets the EPA's emissions standards and can be sold in the United States.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 11:38 am