Streetbeat News

Corporate Responsibility

CDNA

CareDx, a company specializing in solutions for transplant patients, has announced the appointment of John W. Hanna as its new President and CEO, as well as a member of its Board of Directors, effective April 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:03 pm

UAL

United Airlines has revised its fleet plan, aiming for a more uniform delivery schedule of approximately 100 narrowbody aircraft annually from 2025 to 2027. This update signifies a strategic move to enhance operational efficiency and possibly expand its route network.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:02 pm

MSOS

VRNOF

Darren Weiss comments on the cannabis industry, noting that vape hasn't overtaken the flower sector. Companies need to diversify, covering all categories to meet consumer demands. Weiss highlights the potential in European and global markets for leveraging learning and innovation. He emphasizes the importance of scale, category focus, and brand development as competitive advantages.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:58 pm

TRP

TC Energy Corp reported an incident involving the NGTL natural gas system in Yellowhead County, stating that the affected section of the pipeline has been isolated and shut down with no reported injuries.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:55 pm

HE

Hawaii's Attorney General's report on the Lahaina wildfire does not find fault with first responders, focusing instead on the response of government agencies to the disaster. The 400-page report, detailed in its examination of agency responses and conditions contributing to the fire's severity, aims to dispel misinformation. While it does not address the fire's cause, it highlights the efforts of police and firefighters amidst challenging conditions. The report also hints at potential future legal scrutiny over unheeded warnings of fire danger and land overgrowth management.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:40 pm

HE

Hawaiian Electric's stock is trading lower following news that Hawaii's attorney general is set to release a report on the Lahaina fire response, which absolves first responders of blame.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:39 pm

GRAM

MSOS

At Benzinga's Cannabis Capital Conference, Gold Flora CEO Laurie Holcomb discussed the competitive California cannabis market, highlighting the company's complete supply chain from cultivation to distribution. Gold Flora aims for a 66% adjusted gross margin in a challenging market and plans to expand its business model to other states.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:37 pm

CURLF

MSOS

Matt Darin discussed the absence of 280E tax regulation in Europe, highlighting the advantage for cannabis companies in terms of cash flow and supply chain efficiency. He emphasized the unique opportunity to grow, process, manufacture, and distribute cannabis from a single point in Europe, contrasting it with the regulatory environment in other regions.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:34 pm

AMC

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares are trading higher, driven by CEO Adam Aron's confidence in avoiding bankruptcy, a recent $250 million equity distribution, and significant trading volume. Despite hitting all-time lows, AMC's rebound is fueled by interest from short-sellers and retail investors, with over 20 million shares traded recently. Wall Street analysts hold a neutral outlook with a $6.0 price target, while the stock is currently up 12.6% at $2.78.

Portfolio Pulse from Erica Kollmann

April 16, 2024 | 7:04 pm

MSOS

Dr. Chanda Macias emphasizes the importance of community and local market connectivity in the cannabis industry during a speech at the Mary-Jane Festival in Europe. She advocates for a focus on basics and supports legalization as a key to financial success in the sector.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:00 pm