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Corporate Responsibility

ADTN

Adtran has opened a new Terafactory in Meiningen, Germany, to strengthen its supply chain resilience and accelerate regional technological advancements. The facility, backed by the Thuringian government, aims to create local jobs and reduce resource consumption through advanced automation technologies. The move mirrors Adtran's strategy in the US, where it recently expanded its manufacturing facility in Huntsville, Alabama. The Terafactory will reduce Adtran's dependence on overseas suppliers and stabilize the delivery of its networking solutions.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 1:22 pm

NVAX

Novavax has announced plans to initiate an additional cost reduction program, aiming to reduce its 2024 expenses by over $300 million.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 1:08 pm

IPSC

Century Therapeutics has announced the appointment of Brent Pfeiffenberger as its new CEO and board member, effective from December 4, 2023. He will replace the interim CEO Greg Russotti.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 12:20 pm

OPTN

OptiNose, Inc has updated its FY23 net revenue guidance for XHANCE to be between $66.0M-$70.0M, up from the previous range of $64.0M-$70.0M. The company continues to expect the full year 2023 XHANCE average net revenue per prescription to be approximately $200.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 12:15 pm

SHCR

Sharecare has appointed Brent Layton, a former executive at Centene, as its new CEO. The company's founder, Jeff Arnold, will transition to the role of Executive Chairman.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 12:03 pm

WWW

Wolverine World Wide has announced actions to drive its ongoing strategic transformation, which is expected to deliver $215M in annualized savings.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 11:45 am

GOOG

TSLA

Alphabet's autonomous driving technology unit, Waymo, is facing criticism for its post-collision responses. A social media user posted a video showing a Waymo vehicle obstructing emergency responders, highlighting the need for autonomous vehicles to react to unexpected scenarios. Tesla CEO Elon Musk agreed, stating that advanced AI is needed for real-world driving. Waymo responded that the video was old and that it has made significant improvements since then. This comes as Cruise, another autonomous vehicle company, issued a recall for a subsystem within its automated driving systems due to issues with its post-collision response.

Portfolio Pulse from Anan Ashraf

November 09, 2023 | 11:03 am

META

Unredacted documents from a Massachusetts lawsuit reveal that Meta Platforms Inc.’s CEO, Mark Zuckerberg, kept filters simulating plastic surgery on its social media platforms, despite expert recommendations to remove them due to potential harm to young users. The lawsuit alleges that Meta's public statements about prioritizing youth well-being are deceptive. The filters allow users to digitally alter their photos and videos to simulate cosmetic enhancements. Meta is accused of knowing about the severe harm these filters can cause, including mental health issues, but still retaining them.

Portfolio Pulse from Ananya Gairola

November 09, 2023 | 8:26 am

AC

Associated Capital Group (AC) has appointed Ian McAdams as its new Chief Financial Officer. The company has not provided further details about the appointment.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 7:46 am

HE

Hawaiian Electric Company, a subsidiary of Hawaiian Electric Industries, Inc. (NYSE:HE), is supporting the One 'Ohana Initiative with statewide partners to aid healing and provide a path forward for Hawai'i.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 7:45 am