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Corporate Responsibility

AMZN

Amazon has decided to discontinue the use of its Just Walk Out technology in its grocery stores, according to The Information. This technology allowed customers to shop without the need for a traditional checkout process.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:14 pm

ESEA

Euroseas Ltd. (NASDAQ:ESEA) announced a one-year time charter contract for its containership, M/V Synergy Antwerp, at a daily rate of $26,500, starting April 2, 2024. The ship underwent retrofits, including energy-saving devices, expected to reduce CO2 emissions by 9,800 metric tons annually. These upgrades are part of Euroseas' efforts to modernize its fleet and reduce its carbon footprint. The charter is expected to contribute about $6.5 million of EBITDA and increases Euroseas' 2024 charter coverage to 80%.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:03 pm

ABT

Abbott (NYSE:ABT) has received FDA approval for TriClip, a novel device designed for the minimally invasive treatment of tricuspid regurgitation (TR), a condition affecting over 1.6 million people in the U.S. TriClip, which is delivered through a vein in the leg, offers a significant improvement in patients' quality of life by repairing the tricuspid valve without the need for open-heart surgery. Data from the TRILUMINATE Pivotal trial showed a marked improvement in TR grade and quality of life for patients treated with TriClip. This approval expands Abbott's portfolio of structural heart solutions, including the MitraClip for mitral regurgitation, further establishing the company's leadership in minimally invasive heart therapies.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:01 pm

ANGO

BDX

AngioDynamics, Inc. (NASDAQ:ANGO) and Becton, Dickinson And Company (NYSE:BDX) have reached a settlement agreement to resolve their decade-long patent litigation. Under the agreement, BD will license certain port patents to AngioDynamics, and AngioDynamics will license some catheter patents to BD. AngioDynamics will pay BD a lump sum of $7 million, with $3 million paid upfront and the rest over 12 months, plus six annual payments of $2.5 million until February 2029. Additional payments may be required based on AngioDynamics' annual net sales from port products. The settlement aims to reduce legal expenses and distractions for both companies.

Portfolio Pulse from Nabaparna Bhattacharya

April 02, 2024 | 12:52 pm

ENPH

Enphase Energy, Inc. (NASDAQ:ENPH) has launched its most powerful microinverters, the IQ8P, in France and Spain, designed for high-powered solar modules. These microinverters support a peak output of 480 W and are compatible with solar modules up to 670 W DC. The launch includes a 25-year limited warranty and is part of the Enphase Energy System, which also features IQ Batteries and the IQ Combiner 3P for a comprehensive energy solution. The new product aims to enhance energy production, resilience, and independence for homeowners, with installers highlighting the benefits of fire safety, reliability, and maximized energy harvest.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:26 pm

PIXY

ShiftPixy, Inc. (NASDAQ:PIXY), a Florida-based human capital enterprise, announced its second asset purchase agreement to acquire a leading provider of human capital in the Western U.S. The acquired company, a market leader in recruitment, staffing, and HR solutions, boasts annual revenues over $50 million and a portfolio of 100 blue chip customers. This acquisition is part of ShiftPixy's strategy to expand its national market presence and leverage its technology in the Gig Economy.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:23 pm

GAN

GAN Limited (NASDAQ:GAN), a leading B2B and B2C internet gaming and sports betting provider, has officially appointed Mr. Brian Chang as Chief Financial Officer. Chang, who has been serving in an interim capacity since November 2022, brings extensive experience in financial reporting and process optimization. His focus will be on guiding GAN towards a successful merger with Sega Sammy Creation, Inc. Chang's appointment is backed by the board and is seen as a key step towards the merger's completion.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:21 pm

TPET

Trio Petroleum's stock is trading higher after the company announced borrowing $125,000 from its CEO, issuing an Unsecured Subordinated Promissory Note in the process.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:20 pm

SNSE

Sensei Biotherapeutics announced that its CFO will resign from all positions with the company effective April 10, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 11:49 am

BTCY

Biotricity Inc. announced its strategic expansion through a new partnership aimed at conducting cardiac screenings for patients with neurological issues. This move signifies the company's ongoing efforts to broaden its reach and capabilities in the healthcare sector.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 11:21 am