Streetbeat News

Corporate Responsibility

AUPH

Lucien Selce, owning 2.2% of Aurinia Pharmaceuticals Inc. (NASDAQ:AUPH), criticizes the company's board and strategy, particularly in market penetration of Lupkynis and board composition. Selce suggests reducing the board size, linking management compensation to revenue goals, and developing strategic partnerships. He highlights the board's failures, including poor communication, irrelevant skill sets of directors, and questionable decisions by CEO Peter Greenleaf. Selce calls for immediate board restructuring before the Annual General Meeting to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:18 pm

UBER

Smarty has announced a service partnership with Uber Technologies, Inc. (NYSE:UBER) to provide accurate, real-time address data for Uber's global operations. This collaboration aims to enhance Uber's ride-sharing, meal delivery, and local courier services by improving operational efficiency and customer satisfaction through precise address data. Smarty's CEO, Jonathan Oliver, highlighted the importance of accurate address data in reducing operational costs and improving the customer experience, emphasizing the critical role of data quality in the future of urban transportation.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:17 pm

DIS

Disney's CEO expressed confidence in the company's succession planning committee, stating they will select the right person at the right time for leadership transition during a conference call.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:10 pm

MYGN

Myriad Genetics, Inc. (NASDAQ:MYGN) announced the reorganization of its European operations and the sale of its EndoPredict business to Eurobio Scientific, aiming to align resources more closely with domestic opportunities while maintaining service to international partners and patients. The deal, expected to close in Q2 or Q3 of 2024, includes licensing Eurobio the right to sell Prolaris in vitro diagnostic kits outside the U.S., while Myriad retains the right to produce and sell EndoPredict in the U.S. as part of its Precise Oncology Solutions suite.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:07 pm

LIQT

LiqTech International, Inc. (NASDAQ:LIQT) and Dan Marine Group (DMG) have entered into a partnership to expand LiqTech's marine water treatment solutions in the Chinese shipbuilding and repair market. This includes marine scrubber water treatment solutions and new exhaust gas recirculation (EGR) water treatment systems for dual fuel marine vessels. DMG will also service existing LiqTech marine installations. LiqTech's technology, which has been installed on over 170 large commercial ships since 2017, aims to reduce pollution and enhance fuel savings for ship owners.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:04 pm

DIS

Disney's CEO announced during a conference call that the company will begin a crackdown on Disney+ password sharing starting next month. This move is aimed at reducing unauthorized access and potentially increasing subscriber numbers by converting shared users into paying customers.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:03 pm

MSFT

Microsoft Corporation (NASDAQ:MSFT) is facing scrutiny from a Spanish startup group, which has filed a complaint with the Spanish antitrust regulator over Microsoft's cloud practices. The complaint alleges Microsoft uses its dominant position to force Azure cloud adoption, setting up barriers that limit startups' ability to compete. This comes amid broader investigations into Microsoft's practices by EU and UK regulators, and follows a similar complaint by CISPE, which includes Amazon.com, against Microsoft.

Portfolio Pulse from Benzinga Neuro

May 07, 2024 | 1:01 pm

RBT

Rubicon Technologies, Inc. (NYSE:RBT) has sold its fleet technology business and issued convertible preferred stock to Rodina Capital for $94.2 million. This strategic move aims to strengthen Rubicon's balance sheet, reduce debts, and provide liquidity to support its core business focused on waste and recycling solutions. The sale includes up-front cash and an earnout consideration, marking a significant step towards Rubicon's profitability and growth. The company emphasizes its commitment to sustainability and the RUBICONConnect™ product, aiming to enhance services for its vast network of vendor and hauler partners.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:53 pm

ETN

Eaton (ETN) is collaborating with Endurant Energy to deploy 10 battery storage projects in New York City, valued at over $7M. These projects, with a combined capacity of over 150 MWh, aim to support clean, reliable power and strengthen the electric grid in the Bronx and Staten Island by providing load relief during peak demand hours and helping the local utility meet growing electricity demands without major substation upgrades. Eaton will contribute its expertise, technologies, and equipment, including switchgear, switchboards, and transformers, to ensure safe grid interconnection.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:51 pm

SIDU

Sidus Space announced its role as a teammate on the NASA Lunar Terrain Vehicle Services contract, marking a significant milestone for the company in its involvement with space exploration and services.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:31 pm