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TSLA

Tesla Inc is using advertisements to encourage shareholder votes on CEO Elon Musk's previously rescinded $55 billion pay package and the company's potential relocation from Delaware to Texas. Despite traditionally avoiding advertising, Tesla has recently explored ads on various platforms, including Google and X, for this purpose. The move comes amid criticisms, including from investor Ross Gerber, for not advertising its product sales while focusing on Musk's pay package promotion.

Portfolio Pulse from Anan Ashraf

May 14, 2024 | 12:17 pm

ESPR

Esperion has been granted a five-year patent extension for Bempedoic Acid, a key drug in its portfolio. This extension enhances the drug's commercial lifespan and potentially its profitability.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:16 pm

CWAN

Clearwater Analytics (NYSE:CWAN) has been selected by Erste Asset Management to aggregate multi-asset client investment data, aiming to support business growth by increasing asset flows and strengthening client service. This partnership marks Erste Asset Management, a major asset manager in Central and Eastern Europe with €81.4 billion in assets, joining Clearwater's community of European buy-side clients.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:14 pm

PLUG

Plug Power's shares are trading higher following the announcement of a conditional commitment for a loan guarantee up to $1.66 billion from the Department of Energy.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:12 pm

PLUG

Plug Power Inc. has received a conditional commitment for a loan guarantee up to $1.66 billion from the Department of Energy to finance the development, construction, and ownership of up to six green hydrogen production facilities.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:07 pm

APLD

Applied Digital Corporation announced the creation of a new subsidiary, Applied Digital Cloud Corporation, which will encompass the company's Cloud services business, previously known as SAI Computing LLC. Richard Nottenburg, a board member, will chair the new subsidiary.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:06 pm

FELE

Franklin Electric Co., Inc. has announced Joe Ruzynski as the new CEO, succeeding Gregg Sengstack, who will continue as Executive Chairperson. This leadership transition is part of the company's strategic planning.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:05 pm

SAIA

Saia Inc. has appointed a new Chief Financial Officer, Batteh, marking a significant leadership change within the company. This move could signal strategic shifts or a reinforcement of the company's current financial strategies.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 11:32 am

CSTL

Castle Biosciences has announced the expansion of evidence supporting the performance of its TissueCypher Barrett's Esophagus Test, which is designed to predict the future development of esophageal cancer. This development could potentially enhance the company's product portfolio and market position by providing a valuable tool for early detection and management of esophageal cancer risk.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 11:07 am

VIRX

Viracta Therapeutics has announced the appointment of Michael Faerm as its new Chief Financial Officer. This strategic move aims to strengthen the company's financial leadership as it progresses through its development phases.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 11:05 am