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Corporate Responsibility

F

GM

NSANY

STLA

TM

TSLA

Nissan Motor Co Ltd (OTC:NSANY) has committed to all-electric vehicles in Europe by the end of the decade and unveiled a new sporty urban electric concept car. General Motors (NYSE:GM) also committed to phase out all internal combustion engines by 2035, but a strike could complicate things. Ford Motor (NYSE:F) and Stellantis (NYSE:STLA) are also facing challenges in their transition to EVs. Toyota Motor (NYSE:TM) has been criticized for its slow EV transition, but is ramping up its EV production and claims a battery breakthrough. Tesla Inc (NASDAQ:TSLA) has sparked a price war in the EV market.

Portfolio Pulse from Upwallstreet

September 26, 2023 | 3:11 pm

TEVA

VTRS

A new report from the Access to Medicine Foundation indicates that despite efforts by generic drug companies, many vulnerable patients still lack access to essential medicines. Of the 50 products examined from five major generic drug firms, only one had a pricing strategy aligned with patients' affordability in low-to-middle-income nations. The companies include Cipla Ltd, Hikma Pharmaceuticals Plc, Sun Pharmaceutical Industries Ltd, Teva Pharmaceutical Industries Ltd (NYSE:TEVA), and Viatris Inc (NASDAQ: VTRS).

Portfolio Pulse from Vandana Singh

September 26, 2023 | 2:52 pm

JPM

JPMorgan Chase has settled remaining litigations related to Jeffrey Epstein, with the majority of the $55M settlement going to local charities and assisting victims. An additional $20M will be used for attorneys' fees. The bank will contribute $30MM to support USVI charitable organizations and $25MM to enhance the infrastructure and capabilities of law enforcement in USVI. The bank has also reached an agreement with former executive James Edward Staley, the terms of which are confidential.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 2:26 pm

JPM

JPMorgan Chase & Co. has agreed to pay $75 million to settle a lawsuit with the U.S. Virgin Islands over its ties with the late financier Jeffrey Epstein. The bank was accused of helping Epstein move money out of the Virgin Islands.

Portfolio Pulse from Bill Haddad

September 26, 2023 | 2:04 pm

AMZN

META

Meta Platforms Inc (NASDAQ:META) has paid £149 million to terminate its lease agreement for a property development near London's Regent's Park, reflecting the trend among tech companies to reduce office space due to the shift towards hybrid working models. The property owner, British Land, acknowledged the potential short-term impact on its earnings. Meta's decision indicates the tech industry's intent to manage expenses by reducing its physical office presence. This trend has affected tech hubs like San Francisco and European cities, including London and Dublin.

Portfolio Pulse from Anusuya Lahiri

September 26, 2023 | 1:44 pm

CYBN

JAGX

PSIL

Billionaire Steve Cohen has invested nearly $19 million in Cybin Inc. (NYSE:CYBN) for psychedelics R&D. A new bill in Congress aims to discourage federal intervention in states that legalize or decriminalize psilocybin mushrooms. Enthea, a healthcare benefits administrator, is expanding its network to include psychedelic-assisted therapies in health benefit plans. Magdalena Biosciences, Jaguar Health (NASDAQ:JAGX) and Filament Health (OTC:FLHLF) are developing plant-based medicines for mental health indications. The AdvisorShares Psychedelics ETF (NYSE:PSIL) opened at $1.70 on Sept. 18, slightly below previous openings.

Portfolio Pulse from Lara Goldstein

September 26, 2023 | 1:28 pm

OLLI

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) celebrated a significant construction milestone for its new distribution center in Princeton, Illinois. The facility, part of Ollie's growth plan, represents a capital investment of over $75 million and is expected to create over 200 new full-time jobs. The center will service all nine Ollie's stores in Illinois and more than 150 stores across the Midwest. The facility is expected to be completed in 2024.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 1:28 pm

LIXT

LIXTE Biotechnology Holdings, Inc. (NASDAQ:LIXT) has announced the appointment of Bas van der Baan as President and Chief Executive Officer, effective from September 26, 2023. Mr. van der Baan, who has over 20 years of experience in the biotechnology industry, will succeed John S. Kovach, the company's founder. Dr. Kovach will continue as the company's Chief Scientific Officer. Mr. van der Baan was previously the Chief Clinical and Business Development Officer of Agendia, Inc.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 12:41 pm

CEI

Camber Energy, Inc. (NYSE:CEI) has announced that its majority-owned subsidiary, Simson-Maxwell, Ltd., has shipped a 3.5 MW customized generator to Iqaluit, Canada. The generator will replace an older unit in a power plant managed by Qulliq Energy Corporation, providing reliable power and potentially reducing fuel economy, emissions, and maintenance costs.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 12:40 pm

NEGG

Newegg Commerce, Inc. (NASDAQ:NEGG) has launched a GPU Trade-In Program, allowing customers to trade in an eligible GPU device for credit towards the purchase of a new graphics card. The program aims to facilitate cost-effective PC upgrades and limit electronic waste. The trade-in process involves eligibility confirmation, preliminary offer and shipping to Newegg, and evaluation and credit disbursement.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 12:19 pm