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Corporate Responsibility

GEHC

GE HealthCare has acquired MIM Software to enhance precision care through AI-enabled imaging analytics. This acquisition adds to GE HealthCare's portfolio AI-enabled image analysis and workflow tools across various care areas such as oncology, urology, neurology, and cardiology, aiming to provide clinicians and healthcare systems with more integrated and automated solutions.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 6:45 am

TSLA

Tesla's Senior Manager of Semi truck engineering, Dan Priestley, endorsed the EPA's new Phase-3 emission standards for heavy-duty vehicles, highlighting the Tesla Semi's capability to replace diesel trucks. Priestley emphasized the Semi's operational efficiency, lower costs, and the potential for full market adoption due to tighter emission rules and superior economics. The Tesla Semi, still in pilot production, has demonstrated its effectiveness by shipping over 20,000 battery packs from Giga Nevada to Fremont. The EPA's new standards aim to significantly reduce greenhouse gas emissions from heavy-duty vehicles starting with the 2027 model year.

Portfolio Pulse from Anan Ashraf

April 02, 2024 | 6:21 am

CGC

Wana Brands and the Wana Brands Foundation have donated over $4.2 million to more than 150 charities since 2021, emphasizing sustainability and social responsibility. The #4ward20 campaign, initiated in 2021, showcases the company's commitment to community well-being over commercial gains. Nancy Whiteman, CEO, highlights the importance of this philanthropic effort. The foundation, established with support from Canopy Growth Corporation (NASDAQ:CGC), focuses on critical needs like food security and mental health.

Portfolio Pulse from Patricio Liddle

April 02, 2024 | 1:11 am

WBD

Steven Miron and Steven Newhouse resigned from the Warner Bros. Discovery (WBD) board due to a DOJ antitrust probe into potential violations of Section 8 of the Clayton Antitrust Act. Their resignations led to the board's decision to reduce its size from 13 to 11 directors. Both were significant figures from Discovery Inc., contributing to the merger with WarnerMedia and had served on the board since 2008. Their departure is immediate, and they chose to resign amidst changing competition dynamics in the entertainment industry without admitting any violation.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:43 pm

PSX

Phillips 66 announced progress in converting its San Francisco refinery into the Rodeo Renewable Energy Complex, aiming to produce over 800 million gallons of renewable fuels annually by Q2's end. This positions Phillips 66 as a renewable fuels leader.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:42 pm

LFWD

Lifeward CEO Larry Jasinski issued an open letter to shareholders updating on the progress with CMS to finalize a Medicare payment rate for the ReWalk Exoskeleton. The payment rate was deferred in the HCPCS final determination, but CMS has indicated it can update the April 2024 DMEPOS fee schedule to include exoskeletons once the rate is established. Lifeward is actively working with CMS and has submitted 35 Medicare claims, with one already paid and more in review. An additional 60-75 claims are planned for submission by end of 2024.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:34 pm

HCWB

HCW Biologics has expressed concerns about its financial stability, indicating substantial doubt unless it can secure additional financing. The company plans to alleviate these concerns by adjusting its strategic and operating plans, which include reducing the number of investigative studies and Phase 2 clinical trials, cutting salaries and other expenses, and limiting cash used to reduce accounts payable among other adjustments.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:19 pm

RSLS

ReShape Lifesciences anticipates a reduction in operating expenses by over 50% in 2024 compared to 2023, reinforcing its dedication to achieving profitability.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:09 pm

GOOG

GOOGL

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Google's parent company, has agreed to delete data collected from users in 'incognito' mode from 2016 to 2023, following a lawsuit. Despite the lawsuit, Google's stock rose 2.5% on Monday. The settlement includes a $5 billion resolution and changes to Chrome's privacy disclosures and cookie settings.

Portfolio Pulse from Natan Ponieman

April 01, 2024 | 7:01 pm

SBEV

Splash Beverage's stock trades lower following the announcement of CFO Stacy McLaughlin's resignation.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 6:23 pm