Streetbeat News

Corporate Responsibility

AIG

AIG announced that David McElroy, the Chairman of General Insurance, will retire effective May 1, 2024. McElroy has been with AIG since 2018, serving as CEO of General Insurance before becoming Chairman in January 2024.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:34 am

EXPR

Express Inc (OTC:EXPR) has filed for Chapter 11 bankruptcy and plans to close about 95 Express retail stores and all UpWest stores. The company received $35 million in new financing from its lenders and $49 million from the IRS related to the CARES Act. A consortium led by WHP Global has shown interest in buying a majority of Express's retail stores and operations. Mark Still has been appointed as the new CFO. Express's shares fell by 9.09% to $0.70.

Portfolio Pulse from Shivani Kumaresan

April 22, 2024 | 11:23 am

AREN

The Arena Group has announced the appointment of Sara Silverstein as its new Chief Executive Officer. This strategic move aims to leverage Silverstein's expertise to drive the company's growth and innovation.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:09 am

PSTV

Plus Therapeutics Inc (NASDAQ:PSTV) is set to receive a $3 million funding recommendation from the Department of Defense for expanding its pediatric brain cancer clinical trial. The funding, expected to start in Q3 2024, will support the trial's expansion and extend the company's cash runway into the second half of 2025. Plus Therapeutics is focusing on a novel therapeutic, Rhenium (186Re) Obisbemeda, for treating pediatric high-grade glioma and ependymoma, with patient enrollment anticipated in the second half of 2024.

Portfolio Pulse from Vandana Singh

April 22, 2024 | 11:00 am

PSTV

Plus Therapeutics announced it now has $23 million in active awards to support its targeted radiotherapeutic pipeline, indicating strong financial backing and potential for accelerated development in its specialized medical treatments.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:00 am

PSTV

Plus Therapeutics, Inc. has been recommended for a $3 million award by the U.S. Department of Defense. This funding is aimed at supporting the company's research and development efforts.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:00 am

CNHI

CNH Industrial shares are trading lower following the announcement of a CEO transition.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 10:56 am

CAH

Cardinal Health announced that despite the nonrenewal of its OptumRx contracts, it maintains its long-term profit growth targets for its Pharmaceutical and Specialty Solutions segment and its consolidated adjusted EPS. The company reiterates its segment profit CAGR target of 4%-6% and its consolidated adjusted EPS CAGR target of 12%-14% for the fiscal years 2024-2026.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 10:51 am

RIVN

Rivian Automotive (NASDAQ:RIVN) is exploring variations of the previously scrapped tank turn feature, now focusing on off-road utility. The original feature was dropped due to concerns over driver safety and environmental impact. Rivian's Vice President of Software Development, Wassym Bensaid, discussed the potential for off-road targeted features that utilize aspects of the tank turn technology.

Portfolio Pulse from Anan Ashraf

April 22, 2024 | 10:49 am

GIB

CGI (NYSE:GIB) has been selected by Los Angeles County for a 10-year project to modernize its core systems including financial, budget, inventory, payroll, and HR through CGI Advantage®. This partnership aims to enhance efficiency, improve user experience, and support strategic IT goals such as empowering the workforce, enabling data-driven decisions, and increasing service delivery mobility.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 10:34 am