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Corporate Responsibility

NVDA

SSNLF

TSM

The U.S. government is awarding Samsung Electronics up to $6.4 billion to expand its chip-making operations in Taylor, Texas, as part of an initiative to boost semiconductor manufacturing in the U.S. This grant will support Samsung in increasing its investment in the region to about $45 billion, enabling the construction of a second chip-making factory and an advanced chip-packaging facility. The effort aligns with the 2022 Chips Act's objectives and aims to restore the U.S.'s prominence in the global semiconductor industry. Additionally, Nvidia supplier TSMC has increased its U.S. investment to $65 billion, supported by a federal grant and loans, to produce advanced 2-nanometer chips.

Portfolio Pulse from Anusuya Lahiri

April 15, 2024 | 1:57 pm

IMMX

Immix Biopharma announced that an abstract on clinical data for its next-generation CAR-T therapy, NXC-201, targeting relapsed/refractory AL amyloidosis, has been accepted for oral presentation at the 27th Annual Meeting of the American Society of Gene & Cell Therapy (ASGCT) in Baltimore, scheduled for May 7-11, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:38 pm

TSLA

Drew Baglino, a key figure at Tesla, has reportedly resigned from the company, according to Bloomberg reporter Ed Ludlow on X. This departure is said to be a resignation rather than a result of layoffs.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:30 pm

CRBU

Caribou Biosciences, Inc. (NASDAQ:CRBU), a leader in CRISPR genome-editing biopharmaceuticals, announced its presentation on Cas12a chRDNA genome-editing for hepatic gene disruption at ASGCT's 27th annual meeting in May 2024. The presentation will highlight the efficiency and functionality of Caribou's novel CRISPR platform, which offers more precise genome editing by using hybrid RNA-DNA guides (chRDNAs) to reduce off-target effects.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:15 pm

NVAX

Novavax Inc (NASDAQ:NVAX) shares rose after Shah Capital Management disclosed a 6.66% stake and nominated two directors for its board, criticizing the company's performance and suggesting strategic changes to improve business and share price.

Portfolio Pulse from Adam Eckert

April 15, 2024 | 1:14 pm

HAYW

Hayward Holdings, Inc. (NYSE:HAYW) announced the appointment of Eric Sejourne as Senior Vice President and Chief Global Operations Officer, effective April 15, 2024. Sejourne, with over 30 years of experience in global operations and supply chain management, will oversee all integrated operations activities at Hayward. He succeeds John Collins and aims to enhance Hayward's end-to-end supply chain amidst post-pandemic normalization and ongoing cost inflation. Sejourne joins Hayward from Assa Abloy, where he served as COO of the Americas Division.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:12 pm

DRH

DiamondRock Hospitality (NYSE:DRH) announced leadership changes including Jeffrey Donnelly as CEO, Briony Quinn as CFO, and Justin Leonard as President, effective immediately. These appointments aim to capitalize on DiamondRock's talent and drive business momentum. The company also reaffirmed its 2024 annual guidance, previously announced on February 22, 2024. The changes reduce the executive team from six to four members and are part of a strategy to simplify the organizational structure and align more closely with business needs.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:11 pm

EIX

MSFT

SPRU

Spruce Power Holding Corporation (NYSE:SPRU) announced leadership changes with Chris Hayes, the current Chairman of the Board, appointed as President and CEO, effective April 12, 2024. Dr. Audrey Lee joins the Board of Directors. Hayes brings extensive experience in sustainable infrastructure and was a founder of Alturus and Altenex, the latter acquired by Edison International (NYSE:EIX) in 2015. Dr. Lee, currently Senior Director of Datacenter Energy Strategy at Microsoft (NASDAQ:MSFT), brings 20 years of clean energy experience to the board. The company aims to leverage its technology platform and 75,000 home solar assets to create new revenue streams.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 12:41 pm

IPX

IperionX Limited (NASDAQ:IPX) has entered into a framework agreement with United Stars Holdings, Inc. to supply up to 80 metric tons of titanium products annually over a 10-year term. This partnership aims to support the U.S. defense and advanced technology sectors with sustainable, low-cost titanium products. United Stars, a key supplier to major companies across various sectors, aligns with IperionX's mission to re-shore the U.S. titanium supply chain and enhance manufacturing independence.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 12:40 pm

REVG

REV Group has announced the appointment of Amy Campbell as its new Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 12:38 pm