Streetbeat News

Corporate Responsibility

MRMD

MSOS

At Benzinga's Cannabis Capital Conference, MariMed CCO Howard Schacter discussed the challenges of maintaining product consistency in the cannabis industry. He emphasized the importance of investing in training teams, kitchen, and operations to ensure the delivery of consistent products, even if packaging varies.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:26 pm

VNDA

Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) has implemented a 1-year term limited duration stockholder rights plan in response to an unsolicited acquisition proposal by Future Pak, LLC. The plan, effective immediately, aims to protect stockholder interests and ensure they receive full value for their investment. It is designed to prevent control of the company through open-market accumulation without offering a fair control premium. The rights become exercisable if an entity acquires 10% or more of VNDA's stock without Board approval, allowing other stockholders to buy additional shares at a discount. The plan expires on April 16, 2025.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:26 pm

META

The EU privacy watchdog is set to issue an opinion stating that Meta cannot charge users a fee to ensure their privacy, according to Reuters citing sources. This development could have significant implications for Meta's business model in Europe, where privacy regulations are stringent.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:07 pm

CEG

Constellation has applied for a license renewal with the NRC to extend the operation of its Dresden Clean Energy Center in Morris, Illinois, through 2051. This move aims to continue providing reliable, carbon-free energy, supporting the regional economy, and addressing the climate crisis. The Dresden facility, powering nearly 1.4 million homes, is a significant part of Constellation's efforts to maintain its nuclear fleet, which is crucial for America's clean energy output. Public support for nuclear energy has grown due to its reliability and carbon-free benefits, especially highlighted during severe weather events. The Climate and Equitable Jobs Act and federal nuclear production tax credit have provided policy support, with the potential extension enabling significant additional carbon-free electricity generation in Illinois.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:02 pm

BA

Boeing has expressed full confidence in the safety of its 787 Dreamliner and 777 models, according to Bloomberg. This statement comes amidst scrutiny and concerns over aircraft safety standards.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:01 pm

AAPL

Phil Schiller, a top executive at Apple Inc. (NASDAQ:AAPL), testified in an Australian antitrust case, expressing uncertainty about the App Store's profitability. He revealed that Apple does not focus on financial metrics like ROI for the App Store and lacks written records of executive meetings, a practice dating back to Steve Jobs in 1997. This testimony is part of broader legal challenges and criticisms Apple faces regarding its App Store policies.

Portfolio Pulse from Rounak Jain

April 17, 2024 | 1:39 pm

EPOW

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was featured on the front page of Guizhou Daily, highlighting its achievements in lithium-ion battery anode materials research and production. The report emphasized the company's technological innovation, substantial economic value from patents exceeding $14 million, and its status as one of China's top fifteen anode material suppliers. Sunrise's commitment to developing core patents with market potential and social benefits was also noted.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 1:28 pm

OCTO

Eightco Holdings Inc. (NASDAQ:OCTO) announced its subsidiary, Forever 8 Fund LLC, is expanding its inventory capital provision to include more refurbished Apple products such as iPads, AirPods, Apple Watch, and iPad Pencil, in addition to iPhones. This expansion is driven by strong customer demand for refurbished Apple products, attributed to their high cost when new, inflationary pressures, and the growing interest in the circular economy.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 1:18 pm

CGC

OGI

TLRY

The Canadian government's 2024 budget did not include the anticipated excise tax relief for cannabis companies, disappointing major players like Tilray, Organigram, and Canopy Growth. Despite recommendations for tax reform to help legal cannabis businesses compete with illicit markets, the budget largely ignored these suggestions. CEOs of these companies expressed their concerns, highlighting the challenges of competing with the illicit market under the current tax regime and the negative impact on the industry's growth.

Portfolio Pulse from Nina Zdinjak

April 17, 2024 | 1:11 pm

TSLA

Vinod Khosla, supported by Elon Musk and Nvidia's Jim Fan, predicts a future where robots take over undesirable jobs, with Musk's Tesla planning to ship its Optimus humanoid robot units this year. Musk sees Optimus as potentially the most valuable product ever.

Portfolio Pulse from Anan Ashraf

April 17, 2024 | 1:09 pm