Streetbeat News

Corporate Responsibility

TSLA

YouTuber and Tesla enthusiast Dillon Loomis defends Elon Musk's leadership, arguing that Tesla's market cap would be significantly lower with a more traditional CEO. Loomis believes Musk's risk-taking is essential for Tesla's mission to transition the world to sustainable energy. The article also highlights recent controversies and strategic decisions that have divided investors and analysts.

Portfolio Pulse from Anan Ashraf

May 15, 2024 | 6:38 am

AHT

BHR

Braemar Hotels & Resorts Inc. (NYSE:BHR) announced that Blackwells Capital LLC's proxy campaign at Ashford Hospitality Trust, Inc. (NYSE:AHT) was unsuccessful, with only 7% of shares voting on the Blackwells proxy card. Ashford Trust confirmed that seven of its nine nominees received a majority of votes, and the remaining two were re-appointed by the Board.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 6:31 am

MIELY

Mitsubishi Electric Corporation and Musashi Energy Solutions have signed a partnership to develop innovative energy storage devices and battery management systems for the global railway industry, aiming to advance carbon neutrality.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 6:22 am

VSEC

VSE Corporation has priced a public offering of 2,112,676 common stock at $71 per share, expecting net proceeds of approximately $141.0 million. The funds will be used to repay borrowings, support future acquisitions, and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 6:18 am

BHAT

Blue Hat Interactive (BHAT) has announced the appointment of an AI digital person named 'Aileen' as their Chief Information Officer. This development leverages the company's extensive experience in gaming and advanced third-party AI technology, signifying a major move into AI application services.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 6:11 am

SRAD

Sportradar Group AG (NASDAQ:SRAD) is expected to report higher Q1 earnings, with analysts projecting earnings of 6 cents per share and revenue of $263.16 million. The company recently appointed Behshad Behzadi as CTO and Chief AI Officer. Analysts from Citigroup, Canaccord Genuity, JP Morgan, and Benchmark have given positive ratings, with price targets ranging from $14 to $17.

Portfolio Pulse from Avi Kapoor

May 15, 2024 | 5:50 am

HTCR

Heartcore CEO Sumitaka Kanno Yamamoto outlines the company's focus for the remainder of the year on expanding its enterprise software business through cost reduction strategies and seeking synergistic opportunities with its subsidiaries and divisions. The company aims to sustain its growth trajectory into 2024 and expects to announce the completion of several IPOs this year, as part of its strategy towards achieving overall profitability.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 9:26 pm

LLY

NVO

Eli Lilly announced an update on litigation related to Mounjaro and Zepbound, resulting in a settlement with Totality Medispa. The settlement includes a monetary payment by Totality Medispa, a prohibition on misleading conduct, and a requirement to report adverse events to the FDA.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 9:15 pm

LLY

Eli Lilly has settled a lawsuit with Totality Medispa LLC, which was accused of infringing Lilly's trademarks by selling knock-off versions of its diabetes and weight loss drugs, Mounjaro and Zepbound. The settlement includes an undisclosed payment to Lilly and an agreement for Totality Medispa to cease using Lilly's brand names. This marks Lilly's first legal victory in its efforts to combat the sale of alternative versions of its drugs, a battle it shares with competitor Novo Nordisk.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 9:14 pm

NOC

Kenneth B. Crews, currently VP of business management and CFO for Northrop Grumman's Space Systems sector, has been elected by the board to succeed Dave Keffer as VP, Corporate Finance, effective October 1, 2024. Crews will start his new role on July 1, working closely with Keffer for a smooth transition.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 9:11 pm