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BPTH

Bio-Path Holdings has expanded its intellectual property portfolio with new patents issued in Mexico, Australia, and Japan. This expansion includes filings that align with the company's technology and business strategy, bringing its total to five issued patents in the U.S. and 54 in foreign jurisdictions, covering 21 countries.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 11:09 am

PLTR

Palantir Technologies Inc. (PLTR) is part of the Colorado-Wyoming Regional Innovation Engine team that won the US National Science Foundation's first Regional Innovation Engines program grant. This award places the team, led by Innosphere Ventures, as a leader in the US environmental and climate technology sector.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 11:01 am

BA

CRM

GE

GEV

MMM

GE has sold its historic Crotonville management academy as part of its corporate restructuring, marking a significant shift in corporate training paradigms. The sale, for $22 million to real-estate investors and family offices, reflects a broader trend among major companies like 3M, Boeing, and Salesforce, which are moving away from traditional in-person training retreats in favor of remote and on-site training methods. This move is seen as more efficient and cost-effective. GE Aerospace was launched as an independent company following the spin-off of GE Vernova Inc.

Portfolio Pulse from Shivani Kumaresan

April 15, 2024 | 10:40 am

CTRN

MCFT

PSTL

Insiders at MasterCraft Boat Holdings, Citi Trends, and Postal Realty Trust have made significant stock purchases, indicating confidence in their companies. MasterCraft named a new CEO, Citi Trends reported disappointing Q4 results, and Postal Realty Trust posted strong quarterly sales.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 10:19 am

KBR

KBR (NYSE:KBR) has entered into an exclusive alliance with GeoLith SAS to globally offer GeoLith's Direct Lithium Extraction (DLE) technology, Li-Capt®, which enables zero-emission lithium extraction from sources like geothermal and oil well brines. This agreement positions KBR as the exclusive global licensor of Li-Capt®, complementing its suite of battery material technologies and providing clients with a comprehensive solution for producing battery-grade lithium.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 10:04 am

NVAX

Shah Capital, owning 6.7% of Novavax, nominates Suresh Katta and Venkat Peri as independent directors, criticizing the current board for underperformance and failure to capitalize on opportunities.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 10:03 am

EXAS

Exact Sciences has announced the appointment of Aaron Bloomer as its new CFO, effective May 15, 2024. Bloomer will initially join as executive vice president, finance, and after a 30-day transition period, will succeed Jeff Elliott. Elliott will then become a special advisor to the CEO.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 10:01 am

TSLA

Tesla Inc.'s senior executive, Rohan Patel, criticized some Indian media reports about the company's expansion plans in India as 'totally made up' without specifying which ones. Despite these claims, reports last week suggested potential meetings between CEO Elon Musk and Indian Prime Minister Narendra Modi, and a possible partnership with Reliance Industries for a manufacturing facility. Tesla's lack of a public relations department since October 2020 has been highlighted as a reason for misinformation.

Portfolio Pulse from Anan Ashraf

April 15, 2024 | 6:53 am

AAPL

Apple Inc. CEO Tim Cook's visit to Vietnam signifies a deeper commitment to the region, with plans to increase investments in local suppliers and support community initiatives. This move is part of Apple's broader strategy to diversify its manufacturing base beyond China, amid declining iPhone shipments and efforts to mitigate geopolitical risks. The company is also expanding its global footprint, with increased activities in Latin America and new product launches on the horizon.

Portfolio Pulse from Benzinga Neuro

April 15, 2024 | 5:30 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) is reportedly planning to cut its workforce by up to 20%, which could mean tens of thousands of jobs, amid fundamental issues and a stock slump. The company has already reduced shifts for Cybertruck production at the Giga Texas factory and has a history of layoffs and hiring freezes. Tesla's fundamentals have weakened, with slowing EV adoption, price cuts leading to a price war, and management communication issues contributing to its stock being among the worst-performing in the S&P 500. Tesla's stock has dropped about 31% year-to-date.

Portfolio Pulse from Shanthi Rexaline

April 15, 2024 | 3:29 am