Streetbeat News

Corporate Responsibility

CSLR

Complete Solaria, Inc. (NASDAQ:CSLR) announced T.J. Rodgers as the new CEO, succeeding Chris Lundell. Rodgers plans to leverage his experience in fundraising and M&A to guide the company through its financial challenges, including a significant reduction in quarterly operating expenses and addressing quality issues. The company faces pressure from its private equity debt holders, particularly Carlyle, which Rodgers criticizes for their detrimental financial tactics. Complete Solaria also promoted Brian Wuebbels to COO. Rodgers aims to convert debt to equity to alleviate financial strain and criticizes Carlyle's approach to business and its impact on companies and communities.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 4:48 pm

CGEM

Cullinan Therapeutics shares are trading higher following the announcement of a new CFO appointment.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 3:46 pm

FULT

Fulton Financial announced in a conference call that it expects to receive $1 billion from the Federal Deposit Insurance Corporation (FDIC) as part of a transaction.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 3:11 pm

RTX

RTX's Raytheon has awarded a contract to Spain's Sener for the development and production of up to 1,000 GEM-T missiles for a NATO coalition including Germany, the Netherlands, Romania, and Spain. Sener will contribute to the missile's electro-mechanical control section, enhancing Raytheon's GEM-T missile production capacity in Europe. This collaboration supports NATO and European Patriot allies, with Sener's expertise in missile actuation and control systems playing a crucial role.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 2:03 pm

KORE

KORE Group Holdings, Inc. (NYSE:KORE) announced a leadership transition with Romil Bahl stepping down as President and CEO, and Ronald Totton taking over as Interim President and CEO, effective May 3, 2024. Bahl, who led KORE since 2017, has been instrumental in the company's growth and its listing on the NYSE. Totton, with extensive experience in the telecom sector, joins KORE as an executive advisor before assuming his new role. The change is part of a planned transition and not due to any financial issues.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 2:01 pm

TSLA

Elon Musk, CEO of Tesla and SpaceX, criticized a proposed decade-long security agreement between the U.S. and Ukraine, labeling it as 'the forever war.' Musk's comments came in response to a post about Ukrainian President Zelenskyy's announcement of the agreement, which could entail U.S. support levels for the next ten years. This criticism aligns with Musk's previous concerns over the Ukraine conflict and his efforts to aid Ukraine with Starlink internet satellites, despite controversies.

Portfolio Pulse from Benzinga Neuro

April 29, 2024 | 1:50 pm

RDZN

Roadzen Inc. (Nasdaq: RDZN) has entered a five-year partnership with Dalmia Transport & Logistics to implement its DrivebuddyAI technology, aimed at enhancing fleet safety and operational efficiency. The technology, which combines ADAS and telematics, was chosen after a three-month validation process. This partnership underscores Roadzen's growing global presence and its potential inclusion in the Russell 2000, as noted by Piper Sandler & Co. and Jefferies Financial Group Inc.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 1:22 pm

AEHL

Antelope Enterprise Holdings Limited (AEHL) announced its plan to launch an energy transmission business, appointing Mr. Huoyou Zhang and Mr. Di Wu to lead the initiative. The business, operated through AEHL US LLC, aims to supply power to a Texas data center and secure hosting sites for cryptocurrency mining, starting operations in Q3 2024. Mr. Qiguo Wang resigned from the Board for personal reasons.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 1:14 pm

LXRX

Lexicon Pharmaceuticals announced the retirement of its CEO, Lonnel Coats. The company, known by its ticker LXRX, has not yet named a successor.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 1:05 pm

ZVSA

ZyVersa Therapeutics' shares surged following the announcement of a scientific paper's publication in a peer-reviewed journal, supporting the use of IC 100 to potentially reduce cardiac comorbidities in Alzheimer's Disease patients.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 1:02 pm