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Corporate Responsibility

RTX

RTX has signed an agreement with ENGIE Resources LLC, a subsidiary of Engie North America, to supply 100% renewable electricity to 12 of its Texas facilities until 2033. This deal, starting in 2024, will deliver over 1.5 million megawatt hours of renewable power over 10 years, reducing RTX's carbon emissions by approximately 560,000 metric tons.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:16 am

BLCO

Bausch + Lomb announced that its ONE by ONE and Biotrue Eye Care Recycling Programs have successfully collected 84.3 million units, or 510,116 pounds, of used contact lenses, eye care, and lens care materials in the U.S., highlighting the company's commitment to sustainability and environmental responsibility.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:14 am

SNN

Smith+Nephew announced new evidence supporting the effectiveness of its ALLEVYN LIFE Foam Dressing in preventing pressure injuries. The study highlights the unique layer-on-layer sliding phenomenon of the dressing, which dissipates mechanical energy and reduces the risk of pressure injuries compared to traditional bonded dressings.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:12 am

CMMB

Chemomab announced a new peer-reviewed publication that supports the clinical association of its CCL24 target with disease severity and mortality in Systemic Sclerosis (SSc). A longitudinal study of over 200 real-world patients further validates CCL24 as a novel target for SSc, indicating its association with disease severity across fibrotic and vascular manifestations of the condition.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:11 am

CYN

Cyngn announced a business update, emphasizing its focus on opening new distribution and sales channels to expand its market reach. This strategic move is aimed at enhancing the company's growth prospects by broadening its customer base and improving product accessibility.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:08 am

LIN

Linde's subsidiary White Martins is set to build and operate a second electrolyzer for green hydrogen production in Brazil's Southeast region by 2025. The plant, powered by renewable energy, aims to supply green hydrogen to various industries, including a glass manufacturer, to reduce emissions.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 10:25 am

TSLA

Tesla, Inc. (NASDAQ: TSLA) is seeking shareholder approval to reinstate CEO Elon Musk's previously invalidated $55 billion compensation plan for past work, facing legal and shareholder scrutiny. Legal expert Ann Lipton suggests the proposal, deemed as unnecessary and potentially wasteful, may require unanimous shareholder approval. Despite challenges, including Tesla's financial underperformance, some analysts and investors support the plan. Tesla's stock showed a slight increase in premarket trading.

Portfolio Pulse from Shanthi Rexaline

April 18, 2024 | 10:21 am

LIN

Linde (NASDAQ:LIN) is expanding its green hydrogen production in Brazil through its subsidiary White Martins, by building a second electrolyzer plant in Jacareí, São Paulo. This new five-megawatt plant will utilize renewable energy sources, including solar and wind, to produce green hydrogen, enhancing Linde's sustainable energy offerings in the southeast region of Brazil.

Portfolio Pulse from Charles Gross

April 18, 2024 | 10:03 am

PEV

Phoenix Motor Inc. has announced the appointment of Michael Yung as its new Chief Financial Officer, effective April 17.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:25 am

MEG

Montrose Environmental has priced its public offering of 3 million common shares at $37.15 each. The proceeds will be used for general corporate purposes and to accelerate strategic growth initiatives such as acquisitions, business expansion, commercialization of intellectual property, R&D, software development, capital expenditures, working capital, and debt repayment.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:23 am