Streetbeat News

Corporate Responsibility

JNJ

Global health aid agency Unitaid is urging Johnson & Johnson (JNJ) to expand access to its tuberculosis (TB) drug, bedaquiline, particularly in countries with high TB cases. Unitaid has called on JNJ's CEO to remove all secondary patents, allowing for the production of generic versions of the drug. JNJ has confirmed its commitment not to enforce patents for bedaquiline in 134 designated low- and middle-income countries.

Portfolio Pulse from Vandana Singh

October 02, 2023 | 4:28 pm

AWIN

EFXT

ICCM

INBS

NVTA

SDC

U.S. stocks traded mixed with the Nasdaq Composite gaining and the Dow and S&P 500 falling. The ISM manufacturing PMI increased to 49 in September, above market estimates. AERWINS Technologies, IceCure Medical, and Invitae Corporation saw their shares rise after positive company news. SmileDirectClub, Intelligent Bio Solutions, and Enerflex saw their shares drop due to negative company news. Gold and oil prices fell.

Portfolio Pulse from Lisa Levin

October 02, 2023 | 4:05 pm

TCNNF

Steve White, the president of Trulieve Cannabis Corp. (OTCQX:TCNNF), is set to retire on October 1, 2023. He will continue to serve as a strategic advisor until the end of the year. This news follows the company's loss of its second CFO in a month. White co-founded Harvest Health & Recreation, which was acquired by Trulieve, and has been instrumental in integrating the operations of both companies.

Portfolio Pulse from Nina Zdinjak

October 02, 2023 | 1:28 pm

MG

MISTRAS Group, Inc. (MG: NYSE) has announced the implementation of the first Project Phoenix initiative, a reorganization of the Company's Products & Systems segment expected to increase Adjusted EBITDA by $4.0 Million in Fiscal 2024. The company also announced the appointment of Gennaro (Jerry) D'Alterio as Executive Vice President and Chief Commercial Officer. These initiatives are part of the company's strategy to accelerate the transition into faster growing markets and improve the performance of its traditional energy-related market operations.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 1:16 pm

ATLX

Atlas Lithium Corporation (NASDAQ:ATLX) has appointed James Abson as Chief Geology Officer. Abson brings over 29 years of experience in mining and mineral exploration, including involvement in various hard-rock lithium projects globally. At Atlas Lithium, Abson will guide the company's exploration program at its 100%-owned Neves Project and other lithium mineral rights in Brazil.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 1:06 pm

CUTR

Cutera, Inc. (NASDAQ:CUTR) has appointed Brent Hauser as President, International, effective October 2, 2023. Hauser will be responsible for commercial performance in existing international markets, expansion into new geographies, and the international launch of AviClear, the company's device for the treatment of acne, in 2024. Hauser brings over 20 years of aesthetics industry experience in markets across the globe.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:39 pm

VOXX

VOXX International Corporation (NASDAQ:VOXX) has extended the employment agreement of CEO Pat Lavelle through February 2025. The company also announced changes to its executive leadership and board of directors effective from March 1, 2024. Loriann Shelton, currently serving as Senior Vice President and COO, will become CFO, replacing Michael Stoehr, who will transition to the role of Senior Vice President and Treasurer.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:35 pm

EWBC

East West Bancorp, Inc. (NASDAQ:EWBC) has announced two key appointments to its executive leadership team. Irene Oh, previously the company's CFO, will assume the role of Executive Vice President and Chief Risk Officer following her retirement. Christopher Del Moral-Niles, who has 30 years of banking experience, will succeed Oh as the company's next Executive Vice President and CFO.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:19 pm

PCRX

The American Society of Anesthesiologists (ASA) and Pacira BioSciences, Inc. (NASDAQ:PCRX) have announced a new grant of $2.5 million by Pacira to the ASA Charitable Foundation. The grant aims to advance the medical specialty of anesthesiology and pain medicine, facilitate clinician education, and improve patient care.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:15 pm

PBI

Pitney Bowes Inc. (NYSE:PBI) has announced a leadership transition with Jason Dies appointed as interim CEO, following the stepping down of Marc Lautenbach as President, CEO and Board Member. The company has formed a committee to search for a permanent successor and support other value-enhancing initiatives. Dies, who joined Pitney Bowes in 2015, has held roles of increasing responsibility and has led a number of strategic initiatives, including a successful transformation of the Company's Sending Technology Solutions segment.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:11 pm