Streetbeat News

Corporate Responsibility

DJT

The accounting firm BF Borgers, contracted by Trump Media & Technology Group (NASDAQ:DJT) for auditing, has been reported by the Financial Times for spelling inconsistencies in regulatory filings, using 14 different versions of founder Ben F Borgers' name. This raises concerns about the firm's standards amidst allegations of stock manipulation in Trump Media & Technology Group. The company's stock closed at $35.67, up 9.52%.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 11:37 am

HOUS

Anywhere Real Estate projects a minimum of $100M in cost savings for FY24, indicating a significant financial optimization effort.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:35 am

OPTN

Optinose announced a corporate update, expecting to achieve positive income from operations by 2025. Preliminary Q1 2024 XHANCE net product revenue is $14.9 million, a 26% increase from Q1 2023. Peak XHANCE revenues are anticipated to exceed $300 million, targeting ENT and Allergy specialists.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:29 am

PPBT

Purple Biotech announced that its Phase 2 study of CM24 for pancreatic cancer has been selected for a late-breaking abstract poster presentation at the ASCO 2024 Annual Meeting. This recognition could indicate significant progress in the company's cancer treatment research.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:25 am

ONCY

Oncolytics Biotech announced the acceptance of two abstracts for presentation at the 2024 American Society of Clinical Oncology (ASCO) Annual Meeting. This development could signal positive progress in their research and potential for future growth.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:24 am

BMY

Bristol Myers Squibb announced a strategic productivity initiative aimed at achieving approximately $1.5 billion in cost savings. The majority of these savings will be reinvested to fund innovation and drive growth.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:08 am

HZO

MarineMax reported that its Q2 performance was negatively affected by ongoing softness in the marine market. The company is taking steps to reduce expenses without compromising customer experience and service, aiming to align its cost structure with the current market conditions.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:54 am

VLO

Valero Energy announced the expected startup of its Diamond Green Diesel project, aimed at producing sustainable aviation fuel, in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:27 am

CX

Cemex, through its subsidiary Cemex Asia B.V., has agreed to sell its operations in the Philippines to DACON Corporation, DMCI Holdings, Inc., and Seminara Mining & Power Corporation. The sale includes 100% equity interest in Cemex Asian South East Corporation, which owns about 89% of Cemex Holdings Philippines, Inc. (CHP), and a 40% indirect equity interest in APO Land & Quarry Corporation and Island Quarry and Aggregates Corporation. The transaction is part of Cemex's strategy to rebalance its portfolio, with proceeds aimed at funding growth investments and reducing debt.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:18 am

AMZN

Amazon Inc. (NASDAQ:AMZN) has announced it will pause new U.S. Green Card sponsorships for foreign workers through 2024, extending an initial halt started in 2023. This decision comes amid layoffs and a focus on cost-cutting and investment in artificial intelligence. The PERM process, essential for Green Card applications, has become more complex due to the need to prove laid-off employees cannot fill positions intended for foreign workers.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 10:16 am