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Hurricane Helene has caused significant destruction across six states, resulting in over 100 deaths and millions without power. The storm has impacted various industries, including utilities, home improvement, and insurance. Companies like Duke Energy, Southern Company, Lowe's, Home Depot, Generac Holdings, and several insurers are directly affected.

Portfolio Pulse from Chris Katje

September 30, 2024 | 2:56 pm

GM

General Motors' Cadillac has unveiled the Cadillac Sollei, a luxury electric roadster made with sustainable materials like mycelium. This innovative design marks a significant step towards eco-friendly vehicle production.

Portfolio Pulse from El Planteo

September 30, 2024 | 2:55 pm

KEY

KeyBank has surpassed $1 million in Neighbors First Credits, aiding 200 clients in achieving sustainable and affordable homeownership since the program's launch in July 2023.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 1:08 pm

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CVS

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CVS Health is under pressure as activist investor Glenview Capital Management plans to meet with executives to discuss operational improvements. Glenview, holding a $700 million position, aims for cost-cutting and restructuring without a breakup. CVS faces challenges with declining earnings and FTC scrutiny over anti-competitive practices.

Portfolio Pulse from Vandana Singh

September 30, 2024 | 12:26 pm

MOS

Mosaic reported limited damage from Hurricane Helene at its Riverview facility, which is expected to resume full production in 10 days. The company is contributing $300K to Florida recovery efforts and offering employee assistance programs.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 12:14 pm

SHLS

Shoals Technologies Group has appointed Kirsten Moen as the new Chief Operations Officer to enhance operational excellence. Moen brings extensive experience from Eaton and Stanley Black & Decker, which is expected to strengthen Shoals' position in the renewable energy sector.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 12:13 pm

AGCO

TAFE, the largest shareholder of AGCO Corporation with a 16.3% stake, has issued a letter to fellow shareholders advocating for changes in AGCO's board and strategy. TAFE believes these changes are necessary due to AGCO's strategic missteps and loss of market share. TAFE emphasizes its commitment to unlocking AGCO's potential and suggests a strategic transformation with new independent directors.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 12:06 pm

SHIP

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) is urging shareholders to vote in favor of its director nominees and against proposals by George Economou, who seeks control over the company's board. Seanergy emphasizes its commitment to delivering shareholder value and warns that Economou's track record could harm the company.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 12:05 pm

DCGO

DocGo Inc. has appointed Dr. Stephen K. Klasko as the new independent, non-executive Chair of its Board of Directors, effective October 1, 2024. Dr. Klasko brings extensive experience in healthcare leadership and innovation. His appointment is expected to support DocGo's growth and transformation in mobile health services.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:38 am

ATHE

Alterity Therapeutics has appointed Abby Macnish Niven as the new Chief Financial Officer, effective immediately.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:36 am