Streetbeat News

Corporate Responsibility

SPNS

Sapiens International Corporation (NASDAQ: SPNS) announced the launch of IntegrateAI, a new feature in its DecisionAI portfolio that integrates machine learning models into decision models for the insurance industry. This release follows the ModelAI release and is part of Sapiens Decision's AI strategy to enhance decision automation. IntegrateAI allows non-technical users to incorporate machine learning models, reducing complexities and increasing operational efficiency. Sapiens plans to introduce more AI-based products, including ExtractAI and OptimizeAI, to support decision modeling. The company will showcase IntegrateAI at Insurance Innovators USA in Nashville, TN in April 2024.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:20 pm

AMRC

Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator, has been awarded an Energy Savings Performance Contract (ESPC) by Columbia County, Oregon, to upgrade and modernize the historic John Gumm building. The project includes enhancements to energy efficiency through upgrades to boilers, HVAC, ventilation, lighting, and other infrastructure, contributing to a larger effort to improve county facilities. This initiative underscores Columbia County's commitment to sustainability and functionality for its workforce and community.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:15 pm

LTBR

Ambassador Thomas Graham, Jr. is retiring as Executive Chairman and director of Lightbridge Corporation (NASDAQ:LTBR), an advanced nuclear fuel technology company, effective at the upcoming Annual Meeting of Shareholders. He has been appointed Chairman Emeritus. Graham's distinguished career in arms control and non-proliferation, alongside his contributions to nuclear energy, have been pivotal to Lightbridge's mission. Seth Grae, President & CEO, praised Graham's legacy and looks forward to his continued guidance in his new role.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:15 pm

QRHC

UNFI

Quest Resource Holding Corporation (QRHC) has entered into an agreement with United Natural Foods, Inc. (UNFI) to provide waste, recycling, and food waste diversion services. This partnership aims to support UNFI's operational improvements, cost-efficiencies, and sustainability goals. Quest's solutions, including their patented Quest Proganics®, are designed to achieve high diversion rates for organic waste and offer comprehensive data for ESG reporting.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:14 pm

MNPR

Monopar Therapeutics Inc. (NASDAQ:MNPR), a clinical-stage biopharmaceutical company, announced its radiopharmaceutical program MNPR-101-Zr has been selected for presentation at the SNMMI 2024 Annual Meeting in Toronto. This event is a key platform for advancements in the radiopharma sector.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:13 pm

TRC

Nitor Capital Management LLC, holding about 1.75% of Tejon Ranch Co.'s shares, announced plans to withhold support for four directors at the 2024 Annual Meeting, signaling potential governance concerns.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:59 am

FEPI

MU

PSI

Micron Technology Inc (NASDAQ:MU) is set to receive $6.1 billion in grants from the U.S. Commerce Department for its domestic semiconductor production expansion, aligning with the national strategy to boost American chip manufacturing. The funding, part of a broader package including loans, supports Micron's construction of up to five new factories in New York and Idaho. This move, highlighting Micron's focus on high-bandwidth memory (HBM) and its leadership in the HBM3E sector, is expected to significantly enhance its gross margins. Micron's stock has seen an 88% increase over the last 12 months, with options for investors to gain exposure through REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) and Invesco Semiconductors ETF (NYSE:PSI).

Portfolio Pulse from Anusuya Lahiri

April 18, 2024 | 11:53 am

VEV

Vicinity Motor Corp has appointed Brent Phillips as President, where he will oversee sales, assembly, procurement, and engineering teams, and lead the expansion of the company's sales and operations programs.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:51 am

META

Telegram, a major competitor to Meta Platforms Inc.'s WhatsApp, operates with a lean team of 30 staff and no HR department, according to its founder Pavel Durov. Despite having nearly a billion users, Telegram has managed to scale efficiently, raising funds through bond sales and a cryptocurrency project without offloading equity. Durov, who is the sole owner and project manager, emphasizes the company's swift and efficient operation, likening his team to a 'Navy SEAL team.'

Portfolio Pulse from Rounak Jain

April 18, 2024 | 11:51 am

CF

CF Industries Holdings Inc (NYSE:CF) and Japan's JERA have signed a joint development agreement to explore the development of a low-carbon ammonia plant in Louisiana. The plant aims for a 1.4 million metric ton capacity, with JERA planning a 48% ownership and an agreement to procure over 500,000 metric tons annually. This collaboration marks an expansion of their relationship, aiming for a final investment decision within a year and production commencement in 2028. The initiative supports decarbonization goals, with JERA intending to use the ammonia to replace coal in thermal power plants.

Portfolio Pulse from Shivani Kumaresan

April 18, 2024 | 11:44 am