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Corporate Responsibility

TM

Toyota Motor Corp (NYSE:TM) is restructuring Daihatsu Motor Co., Ltd's operations to focus on mini vehicles and mobility, dissolving the Emerging-market Compact Car Company. Toyota will now oversee Daihatsu's overseas business from development to certification, with Daihatsu focusing on development. The move aims to prevent procedural irregularities and strengthen the partnership between the two, following a pause in Daihatsu's vehicle shipments due to safety certification issues.

Portfolio Pulse from Shivani Kumaresan

April 08, 2024 | 11:07 am

KYMR

Kymera Therapeutics, Inc. (NASDAQ:KYMR) announced new preclinical data on its cancer-fighting drug KT-333 at the AACR Annual Meeting. The data highlights the drug's anti-tumor activity and the company's unique target selection strategy. Additionally, the company's progress on another oncology program, KT-253, was discussed.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:05 am

REAX

The Real Brokerage Inc. (REAX) has settled a class action lawsuit for $9.25M without admitting liability. The settlement resolves all claims in the Umpa lawsuit and includes changes to business practices but is not expected to materially impact future operations.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:03 am

EYEN

Eyenovia has begun exploring strategic alternatives to enhance shareholder value, focusing on the development of MicroPine for pediatric progressive myopia, a potential multi-billion dollar product. The company aims to reduce operating expenses while leveraging its two FDA-approved products for value generation.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:02 am

EADSY

SAVE

Spirit Airlines has reached an agreement with Airbus to defer the delivery of all ordered aircraft scheduled for Q2 2025 through the end of 2026 to 2030-2031, excluding direct-lease aircraft due in Q2 and Q3 2025. This deferral will improve Spirit's liquidity by approximately $340 million over the next two years, with no changes to deliveries scheduled for 2027-2029.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 10:31 am

ZURA

Zura Bio announced Robert Lisicki as its new CEO and Director, succeeding founding CEO Dr. Someit Sidhu, who remains a Board Director. Lisicki brings nearly 30 years of R&D, commercial, and global executive experience, particularly in I&I therapies.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 10:11 am

ZYME

Zymeworks Inc. (NASDAQ:ZYME), a clinical-stage biotechnology company, announced five presentations of new data from its preclinical development-stage programs at the 2024 AACR Annual Meeting in San Diego, California. These presentations highlight the company's efforts to develop novel biotherapeutics for difficult-to-treat diseases.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 10:05 am

GOEV

Canoo's electric vehicles, including the Lifestyle Vehicle, Lifestyle Delivery Vehicle 190, and the Bulldog pickup truck, will be piloted by Red Sea Global for transportation between its airport, resorts, and facilities. This trial aims to adapt Canoo's zero-emission vehicles to Red Sea Global's specific mobility needs.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 10:04 am

META

US lawmakers have introduced the American Privacy Rights Act, aiming to give consumers control over their personal data and establish a national standard for data collection, use, and transfer by companies. The proposal, which faces uncertain prospects, would allow users to opt out of targeted advertising, require minimal data collection, and enable data access and deletion. It seeks to override state privacy laws but maintains specific state regulations on health or financial data. Companies like Meta, Google, and TikTok, which have faced scrutiny for data practices, could be significantly impacted.

Portfolio Pulse from Ananya Gairola

April 08, 2024 | 8:51 am

GM

TSLA

Tesla, Inc. (TSLA) experienced a decline in stock price following a Reuters report about potentially scrapping a sub-$30,000 car, which CEO Elon Musk denied. Tesla's Chief Designer, Franz von Holzhausen, suggested staying tuned for developments, hinting the project might still be alive. Amidst this, Musk announced an unveiling date for Tesla's Robotaxi. Analysts are divided on the impact of focusing on Robotaxi over a low-end EV. General Motors Corp. (GM) was mentioned in relation to suspending its robotaxi operations.

Portfolio Pulse from Shanthi Rexaline

April 08, 2024 | 7:45 am