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SQ

TSLA

Jack Dorsey, CEO of Block Inc, responded to Elon Musk's tweet advocating for peace and space exploration amid the Israel-Iran conflict. Musk's tweet was a call to focus on space exploration instead of conflict, to which Dorsey replied with 'only'. The exchange highlights a broader conversation on global tensions, which have impacted financial markets, with stock futures falling, and oil and gold prices rising.

Portfolio Pulse from Benzinga Neuro

April 19, 2024 | 5:18 am

TSLA

Elon Musk, CEO of Tesla Inc, commented on the recent Israeli airstrike on Iran, highlighting the irony of U.S. tax dollars being used against U.S.-supplied equipment. The airstrike targeted Iran's 8th Tactical Airbase, escalating tensions between Iran and Israel. Musk's remarks on X (formerly Twitter) reflect on the broader geopolitical conflict and its implications.

Portfolio Pulse from Benzinga Neuro

April 19, 2024 | 2:54 am

AA

FMST

NEM

NUE

SCCO

Alcoa Corp reported Q1 losses but exceeded revenue expectations with alumina segment growth and stable aluminum production. Newmont Corporation highlighted 20 years of sustainability efforts, showing progress in safety, inclusivity, and environmental impact. Foremost Lithium announced participation in the Planet MicroCap Showcase, indicating potential investor engagement. Nucor Corp appointed a new EVP of Talent and HR, signaling a focus on talent development. Scotiabank raised its price target for Southern Copper, reflecting a positive outlook.

Portfolio Pulse from austin@walkonholdings.com

April 18, 2024 | 9:38 pm

AHT

Ashford Hospitality Trust announced that Rob Hays, the current President and CEO, will step down on June 30, 2024. Stephen Zsigray, currently the Senior Vice President of Corporate Finance & Strategy, has been named as his successor.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 9:28 pm

AQN

Algonquin Power & Utilities Corp. (AQN) has reached a cooperation agreement with Starboard Value LP, leading to the addition of Brett Carter and Christopher Lopez to its Board. Masheed Saidi and Kenneth Moore are set to leave the Board. Starboard, owning about 9% of AQN's shares, has agreed to support AQN's board nominees and withdrawn its own nominations. The parties have also signed a non-disclosure agreement to discuss the potential sale of AQN's renewable energy business and the CEO search process.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 9:23 pm

AESI

Atlas Energy Solutions reported a mechanical fire at its mine in Kermit, Texas, primarily affecting the feed system. The incident will not affect the Dune Express construction's timing or cost. The company is currently evaluating the repair costs and financial impact of the fire.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 9:12 pm

CGC

Canopy Growth announced the resignation of Garth Hankinson, Judy Schmeling, and James Sabia from its board. This change could impact the company's governance and strategic direction.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:39 pm

NSC

Norfolk Southern has issued a letter to its shareholders ahead of its Annual Meeting on May 9, 2024, advocating for the election of its 13 nominees using the white proxy card. The company emphasizes its goal to achieve a sub-60% operating ratio within three to four years, aiming to close the margin gap with its industry peers.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:32 pm

DMTK

DermTech plans to maintain laboratory operations while undergoing a strategic review, expecting a one-time restructuring charge of about $1.6 million in Q2 2024. The company is confident in its capacity to process orders for the DermTech Melanoma Test.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:20 pm

INSG

Inseego Corp. has voluntarily paid off and terminated its asset-backed loan facility with Siena Lending Group to enhance capital structure flexibility and reduce financing costs. This move eliminates the monthly fees and interest expenses on a principal amount of $8.5 million, saving the company $1.9 million in 2023 alone. With improved liquidity and financial performance, Inseego believes it can meet its working capital needs more efficiently. The company also paid termination fees and an exit fee to South Ocean Funding, LLC and North Sound Ventures, LP, affiliates holding over 5% of Inseego's stock.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:12 pm