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Corporate Responsibility

NVO

Novo Nordisk's CEO, Lars Fruergaard Jorgensen, announced plans to collaborate with European healthcare systems to improve access to its weight-loss drug, Wegovy, for less fortunate and more obese individuals. The company aims to seek reimbursement for patients with the highest BMI and those less fortunate from a socio-economic point of view. Wegovy leads to an average weight loss of around 15% when used alongside dietary and exercise changes.

Portfolio Pulse from Benzinga Neuro

August 25, 2023 | 11:24 am

CTLT

NVO

Novo Nordisk's CEO expressed confidence in Catalent's ability to resolve production issues related to Wegovy, a drug produced by Novo Nordisk.

Portfolio Pulse from Charles Gross

August 25, 2023 | 9:45 am

VSAT

Viasat announced that the Inmarsat-6 F2 (I6 F2) satellite, launched on February 18, 2023, has experienced a power subsystem anomaly during its orbit raising phase. However, the company stated that this will not impact ongoing customer services and does not anticipate it to materially affect its financial outlook for revenue and Adjusted EBITDA growth.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 9:32 pm

WSFS

WSFS Financial Corporation has announced that Arthur J. Bacci will serve as the company's interim CFO. The current CFO, Dominic C. Canuso, will end his employment with the company on August 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:25 pm

WHR

Whirlpool has agreed to pay an $11.5M civil penalty to settle charges that it failed to immediately report glass cooktops posing burn and fire hazards, as required by law.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:03 pm

HE

The Hawaii Power Utility is believed to have started the deadly Lahaina fire. The company has removed damaged power poles and other equipment from a key fire scene, potentially affecting evidence that is part of an official investigation into how the blaze ignited.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 6:45 pm

HE

Lawyers have accused Maui Electric Company (MECO), a subsidiary of Hawaiian Electric Industries (HE), of potentially compromising evidence in an investigation into a deadly fire. The allegations suggest that MECO may have tampered with equipment that is central to the probe.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 6:45 pm

AAPL

AMZN

GOOG

MSFT

NET

The rise of nonconsensual deepfake pornography, facilitated by AI technology, has seen a ninefold spike since 2019. Tech giants like Alphabet Inc's Google, Amazon.com Inc, X (previously known as Twitter), Microsoft Corp, and Cloudflare, Inc. have inadvertently contributed to this trend by providing tools, platforms, and infrastructure that enable the creation and distribution of such content. Advocates are urging these companies to take more proactive measures to curb the spread of deepfakes.

Portfolio Pulse from Anusuya Lahiri

August 24, 2023 | 3:59 pm

UAL

United Airlines Holdings Inc (NASDAQ:UAL) has agreed to a $30 million settlement with the family of a quadriplegic man who suffered significant brain damage after an incident while deplaning. The incident led to a cardiac arrest and reduced the man's life expectancy. The settlement includes $12 million for legal fees and $3 million for other expenses.

Portfolio Pulse from Shivani Kumaresan

August 24, 2023 | 2:08 pm

DUK

WMB

Duke Energy's Integrated Methane Monitoring Platform Extension project, in collaboration with Williams, has been selected by the U.S. Department of Energy's Office of Fossil Energy and Carbon Management for nearly $1 million of funding. The project aims to extend the company's methane monitoring platform to interstate and customer natural gas assets. The project will also offer a standardized framework for methane measurement and quantification that can extend to upstream components. The project includes the Williams-owned Transco pipeline, which supplies natural gas to Duke Energy.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 2:06 pm