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CMCSA

Stormy Daniels testified against Donald Trump in a criminal trial, alleging he falsified business records to hide payments made to her. Daniels discussed details of their encounter and expressed a desire for Trump to be held accountable and potentially face jail time. Trump's lawyers argued for a mistrial, citing prejudicial testimony, but the motion was denied. Daniels also mentioned a payment for the licensing rights to her story for a documentary on Peacock, owned by Comcast Corporation (NASDAQ:CMCSA). Another Trump trial in Florida was postponed indefinitely.

Portfolio Pulse from Chris Katje

May 07, 2024 | 10:27 pm

LFLY

Leafly, a leading online cannabis discovery marketplace and resource for cannabis consumers, has appointed Peter Lee as its new President and Chief Operating Officer. This strategic move aims to leverage Lee's extensive experience to drive Leafly's growth and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:53 pm

NN

NextNav (NASDAQ:NN) announced the appointment of Dr. Sanyogita Shamsunder as its new COO, effective May 9, 2024. With over 20 years of experience, including roles at Google and Verizon, Shamsunder's expertise in telecom and technology will support NextNav's growth in 3D geolocation and PNT solutions. Her appointment is seen as a strategic move to enhance operational excellence and innovation.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:46 pm

AIRJ

Montana Technologies Corp. (NASDAQ:AIRJ) announced the appointment of new executives including Stephen Pang as CFO, alongside other key management roles to strengthen its team. The company is focusing on scaling operations and advancing its AirJoule technology for wider commercial adoption.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:38 pm

UMAC

Unusual Machines, Inc. (NYSE:UMAC) has formalized Allan Evans as CEO for two years, following significant corporate developments including NYSE American listing, acquisitions of Rotor Riot and Fat Shark from Red Cat Holdings, reincorporation in Nevada, and joining the Red Cat Futures Initiative. The company is focusing on U.S.-based drone component production compliant with NDAA, aiming for a U.S.-made flight controller for FPV drones by Q2 2024 for Blue UAS certification. Leadership changes and the appointment of Salberg & Company as the new audit firm were also announced.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:31 pm

PVBC

Provident Bancorp, Inc. (NASDAQ:PVBC), the holding company for BankProv, announced Kenneth Fisher as the new Executive Vice President and CFO. Fisher, a CPA with over two decades of experience in finance and executive leadership, previously served as CFO at Bluejay Diagnostics, Inc. and held significant roles at Meridian Bancorp, Inc. His appointment is part of BankProv's strategic initiatives to support its growth and innovation in the commercial banking sector.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:30 pm

AZPN

EMR

Aspen Technology, Inc. (NASDAQ:AZPN) announced the appointment of David Baker as Senior Vice President, Chief Financial Officer, effective June 3, 2024. Baker, with over 27 years at Emerson Electric Co. (NYSE:EMR), brings extensive financial leadership experience. His role at Emerson involved leading financial planning and analysis and spearheading a cost reset plan for the Automation Solutions business, which achieved record orders, sales, and EBITA in 2022. AspenTech's CEO, Antonio Pietri, highlighted Baker's strategic and leadership skills as crucial for driving corporate strategy and shareholder value. Baker's appointment aligns with AspenTech's focus on digital solutions and innovation for asset-intensive companies during the energy transition.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:08 pm

IP

International Paper (IP) has stated it will not comment on rumors or speculation following recent media reports. Under the leadership of new CEO Andy Silvernail, IP is focusing on executing business strategies, improving commercial and cost initiatives, and completing its combination with DS Smith to enhance shareholder value. The company anticipates emerging from a cyclical earnings bottom as industry conditions improve.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:53 pm

IRBT

iRobot Corp. (NASDAQ:IRBT) has appointed Gary Cohen as its new CEO, effective immediately. Cohen brings over 25 years of executive leadership and experience in turning around companies. He aims to lead iRobot towards profitability following its recent operational restructuring. Cohen's background includes significant roles at Gillette, Timex, Energizer, and Qualitor Automotive, where he has successfully driven growth and operational efficiencies. His appointment is part of iRobot's strategy to re-orient its business towards innovation, product and commercial strategies, and operational excellence.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:51 pm

AZN

AstraZeneca announced it is withdrawing its COVID-19 vaccine from markets worldwide due to declining demand and the increasing availability of other vaccines. This decision comes after a comprehensive review of the vaccine's performance and market needs. AstraZeneca will continue to focus on its other therapeutic areas and vaccine research.

Portfolio Pulse from Charles Gross

May 07, 2024 | 8:46 pm