Streetbeat News

Corporate Responsibility

EHAB

AREX Capital Management, owning 4.9% of Enhabit, Inc. (NYSE:EHAB), urges stockholders to support changes to Enhabit's board at the upcoming annual meeting on July 25th. AREX emphasizes the need for industry-specific expertise and highlights recommendations from two leading proxy advisory firms for meaningful change.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 1:04 pm

MYMD

MyMD Pharmaceuticals has rebranded to TNF Pharmaceuticals and will begin trading under the new symbol 'TNFA' on Nasdaq starting July 24, 2024. The rebranding aligns with the company's focus on TNF-alpha inhibitors for treating age-related diseases and autoimmune conditions.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 1:02 pm

AXP

CWEN

MMM

On CNBC's 'Halftime Report Final Trades,' analysts discussed Clearway Energy, American Express, and 3M. Clearway Energy has a 6.5% dividend yield and will report Q2 results on Aug. 1. American Express reported solid earnings but missed sales estimates, while 3M is undergoing a long-term turnaround with recent executive changes.

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 12:47 pm

HOOK

HOOKIPA Pharma Inc. (NASDAQ:HOOK) has announced significant leadership changes with Dr. Malte Peters named as CEO and Terry Coelho as Executive Vice President and CFO. The company is also reviewing its business operations and strategy to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:36 pm

MEIP

MEI Pharma shares are trading higher after the company announced it is considering strategic alternatives.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:33 pm

MEIP

MEI Pharma, Inc. (NASDAQ:MEIP) announced it will consider strategic alternatives, including potential transactions or an orderly wind down, to maximize asset value for stockholders. The company will commence a reduction-in-force and discontinue the clinical development of voruciclib to preserve cash.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:33 pm

SAVA

Cassava Sciences Executive Chairman Rick Barry issued an open letter addressing shareholders, employees, principal investigators, patients, and their loved ones. The letter, dated July 21, 2024, was published on the SEC website.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:18 pm

QXO

QXO has closed a $3.5 billion private placement and expects to have $5 billion in cash and no debt after a new $620 million private placement closes on July 25. Additionally, Jared Kushner has joined the company's Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:03 pm

PHM

PulteGroup has announced that Jim Ossowski will be the new CFO, succeeding Bob O'Shaughnessy, who will retire at the end of 2025.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:02 pm

DX

Dynex Capital, Inc. (NYSE:DX) has announced several executive promotions. Smriti Laxman Popenoe has been promoted to Co-CEO while retaining her roles as President and CIO. Rob Colligan has been promoted to COO in addition to his role as CFO. Harman Sahni has been hired as the new CTO.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 11:53 am