Streetbeat News

Corporate Responsibility

BCO

Green Check, a fintech leader in the cannabis market, has partnered with Payment Alliance International (PAI), powered by Brinks (NYSE:BCO), to provide integrated ATM solutions for cannabis operators. Announced at the Benzinga Cannabis Capital Conference, this collaboration aims to enhance revenue protection and compliance for cannabis businesses, addressing the high demand for financial services in the cash-dominant cannabis industry.

Portfolio Pulse from Patricio Liddle

April 16, 2024 | 1:30 pm

MSOS

At the Benzinga's Cannabis Capital Conference, Glass House Group CEO Kyle Kazan emphasized the company's mission to deliver low-cost cannabis to consumers, highlighting their focus on affordability in the cannabis market.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:23 pm

NVDA

TOON

Kartoon Studios announced that its AI toolkit developed on NVIDIA Omniverse will revolutionize its animation production and distribution, aiming to save 75% of production costs and significantly increase speed-to-market efficiencies.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:20 pm

MYGN

Myriad Genetics has published a new study showcasing the positive predictive value (PPV) of its Prequel Prenatal Screen for 22q11.2 microdeletion, a genetic disorder. This development could enhance the company's reputation in genetic testing and potentially increase demand for the Prequel Prenatal Screen.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:19 pm

NVDA

TOON

Kartoon Studios announced the launch of 'Gadget A.I.', an integrated AI toolkit developed on NVIDIA Omniverse, aimed at revolutionizing animation production and distribution. The initiative is expected to reduce animation production costs by 75% and significantly improve speed-to-market efficiencies.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:10 pm

SCLX

Scilex Holding Company (SCLX) reported preliminary Q1 net sales for ZTlido of $12M-$13M and gross sales of $34M-$38M, indicating significant growth from the previous year. The company plans to reduce R&D and administrative expenses in 2024 while ramping up commercial activities for its non-opioid pain management products, including the anticipated launch of Gloperba. Additionally, Scilex resolved a co-pay savings card processing issue caused by a cyber-attack on Change Healthcare.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:08 pm

INTC

Seekr and Intel have announced a collaboration to accelerate the deployment of foundation models for enterprise customers, focusing on reducing error and bias through the combination of compute and responsible AI.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:07 pm

APG

APi Group Corporation (NYSE:APG) has agreed to acquire Elevated Facility Services, a leading provider of elevator and escalator maintenance services. The deal, expected to close in Q2 2024, marks L Squared's eighth exit since 2014. Elevated has seen significant growth, with net revenue increasing from ~$60 million in 2017 to an expected ~$220 million in the current year, thanks to strategic investments and 15 add-on acquisitions. The acquisition is subject to regulatory approval and customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:03 pm

AMIX

Autonomix has been granted a U.S. patent for its catheter-based technology aimed at treating cancer-related pain. This technology, part of a portfolio with over 100 issued and pending patents, targets a $100 billion market opportunity. It represents a potential breakthrough by combining the detection of problematic neural signals and nerve ablation into a single procedure, which could significantly impact pain management and other medical indications.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:01 pm

PLNT

Planet Fitness announced the appointment of Colleen Keating as its new CEO, effective June 10, 2024. She will succeed Craig Benson, who has been serving as the interim CEO. This leadership transition is part of the company's long-term strategy.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 12:47 pm