Streetbeat News

Corporate Responsibility

NSC

Ancora Holdings Group, LLC, a significant shareholder of Norfolk Southern Corporation (NYSE:NSC), has announced its intention to nominate seven director candidates for Norfolk Southern's Board at the 2024 Annual Meeting. Ancora aims to implement a leadership strategy to achieve a 57% operating ratio and recapture high-margin growth within 36 months, leveraging the proposed team's extensive experience in transportation and change management. The proposed leadership includes former UPS President of International and COO, Jim Barber, as CEO, and former EVP of Operations at CSX, Jamie Boychuk, as COO. Ancora urges shareholders to vote using the BLUE Proxy Card to elect its slate and advocate for leadership change following Norfolk Southern's crises and underperformance.

Portfolio Pulse from Happy Mohamed

March 26, 2024 | 12:38 pm

SNPMF

TTE

TotalEnergies SE (TTE) and China Petroleum and Chemical Corporation (SNPMF) have signed an agreement to develop a Sustainable Aviation Fuel (SAF) production unit in China, aiming for an annual production of 230,000 tons. This collaboration aligns with both companies' strategies to provide low carbon solutions and marks a significant step towards TotalEnergies' goal of producing 1.5 million tons of SAF by 2030. TTE shares saw a 0.53% increase in premarket trading.

Portfolio Pulse from Lekha Gupta

March 26, 2024 | 12:23 pm

AQMS

Aqua Metals (NASDAQ:AQMS) and 6K Energy have signed a strategic supply agreement to create North America's first sustainable lithium battery supply chain. Aqua Metals will supply sustainably recycled battery materials to 6K Energy, which will use them to manufacture low-carbon cathode active material. This collaboration aims to support the US's efforts to expand manufacturing capabilities and establish resilient supply chains while reducing carbon emissions. The materials supplied under this agreement are estimated to be worth over $50 million annually once both companies' facilities reach capacity. The partnership also aligns with the Inflation Reduction Act, offering domestic content incentives.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 12:15 pm

MSTR

MicroStrategy Incorporated (NASDAQ:MSTR) announced the release of MicroStrategy AutoTM, a customizable AI bot designed to simplify enterprise analytics. This bot, part of the MicroStrategy AITM suite, allows users to request AI-powered insights in natural language, eliminating the need for complex dashboards. Auto can be integrated into third-party applications or used as a standalone app, enhancing productivity and decision-making across various organizational roles. The release builds on MicroStrategy's generative AI foundation, with features like Auto SQL, Auto Dashboard, and Auto Answers aimed at making data interaction more accessible.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 12:09 pm

GNS

Genius Group Limited (NYSE:GNS) announced the appointment of Mr. Adrian Reese as its new Chief Financial Officer (CFO). Reese brings extensive global experience from his previous roles at Morgan Stanley and AlTi Tiedemann Global, aligning with Genius Group's accelerated growth plans. His expertise in financial planning and analysis is expected to support the company's mission in AI-powered education.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 12:07 pm

TGL

Treasure Global Inc (NASDAQ:TGL) has regained compliance with Nasdaq's minimum bid price requirement, avoiding a scheduled hearing and emphasizing its commitment to high standards of corporate governance and transparency.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 12:07 pm

TBRG

TruBridge, Inc. (NASDAQ:TBRG), a healthcare solutions company, announced the adoption of a limited duration stockholder rights plan to protect stockholders' interests and ensure all stockholders can realize the long-term value of their investment. This Rights Plan is designed to prevent any entity from gaining control without negotiating with the Board and paying a control premium.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 12:07 pm

WATT

Energous Corporation (NASDAQ:WATT) announced a leadership change with Cesar Johnston stepping down as President & CEO, effective immediately. The Board is searching for a successor and has established an Office of the Chair for interim leadership. The company remains focused on its IoT-centric strategy and the adoption of its WattUp wireless power technology. A financial results conference call is scheduled for March 28.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 12:03 pm

GDS

GDS Holdings shares dropped following the announcement of its Q4 results, an equity raise, and the appointment of a new CEO for its international business.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 12:02 pm

PATH

UiPath (NYSE:PATH), a leader in enterprise automation and AI software, has received FedRAMP authorization for its UiPath Automation Cloud™ Public Sector. This approval allows UiPath to offer AI-powered automation to public sector agencies, facilitating digital modernization, improving citizen services, and enhancing digital resilience through secure cloud deployment.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 11:58 am