Streetbeat News

Corporate Responsibility

QSR

Restaurant Brands International Inc. has appointed Sami Siddiqui as its new CFO, replacing Matt Dunnigan who is leaving the company. This change in the financial leadership could signal a strategic shift or continuity in financial management for the company.

Portfolio Pulse from Charles Gross

March 14, 2024 | 10:34 am

ATNM

Actinium Pharmaceuticals announced the initiation of a strategic initiative aimed at the production of the medical isotope Actinium-225 (Ac-225), which is in high demand. This move could position the company as a key player in the supply of Ac-225, used in targeted alpha therapy for cancer treatment.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 10:12 am

HPE

Hewlett Packard Enterprise (HPE) has been chosen by Astellas Pharma Inc. for its HPE Asset Upcycling Services to aid in fulfilling sustainability goals and promote network standardization. This partnership highlights HPE's commitment to environmental sustainability and its capability to meet the specific needs of the healthcare sector.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 10:09 am

TEL

TE Connectivity announced a proposal by its Board of Directors to change the company's place of incorporation from Switzerland to Ireland. This strategic move is subject to shareholder approval.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 9:24 am

ETHUSD

HAIUSD

Hacken, a blockchain security company, announced the tokenization of its equity, linking it to its native cryptocurrency HAI, causing a 12% surge in HAI's trading volume and pushing its market cap to $57M. Hacken plans to convert 10% of its equity into tokenized shares on the Ethereum blockchain, equivalent to 100 million HAI tokens. Additionally, Hacken intends to burn 87% of the HAI tokens acquired in this process as part of its goal to become a publicly traded entity.

Portfolio Pulse from Mehab Qureshi

March 14, 2024 | 9:12 am

LAC

Lithium Americas has received a conditional commitment for a $2.26 billion loan from the US Department of Energy. This loan, under the Advanced Technology Vehicles Manufacturing Loan Program, is aimed at financing the construction of processing facilities at Thacker Pass in Nevada, a key site for Lithium Americas.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 9:03 am

MSFT

OpenAI CTO Mira Murati revealed in an interview that the release of the Sora AI model is delayed due to concerns over its potential misuse for spreading misinformation. Despite its impressive demonstration, OpenAI, backed by Microsoft Corp. (NASDAQ:MSFT), is still refining Sora AI's safety features, including watermarking videos and establishing content provenance. The company is also considering the ethical implications of AI-generated content, such as the generation of videos involving nudity.

Portfolio Pulse from Rounak Jain

March 14, 2024 | 8:41 am

SQ

Jack Dorsey reminisced about starting to program Twitter in 2006, as shared by Bloomberg's Jon Erlichman on X. Dorsey, a co-creator and former CEO of Twitter, now owned by Elon Musk and renamed X, highlighted his nostalgic connection. Despite being fired from Twitter in 2008 and returning in 2015, Dorsey's journey includes rejecting an offer from Meta Platforms Inc. and witnessing Twitter's high-profile IPO in 2013. After Musk's acquisition, significant changes occurred, including layoffs and the unbanning of controversial accounts. The platform's value reportedly dropped to $19 billion, less than half of its purchase price, by October 2023.

Portfolio Pulse from Ananya Gairola

March 14, 2024 | 8:07 am

ICHR

Ichor announced a public offering of 3,333,334 ordinary shares at $37.50/share, aiming to raise $125M. The proceeds will be used to repay debt and for general corporate purposes, including potential acquisitions and growth opportunities. The offering is expected to close on March 18, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 7:28 am

MTEX

Mannatech, Incorporated (NASDAQ: MTEX) announced the retirement of CEO Alfredo (Al) Bala effective April 1, 2024, and the promotion of Landen Fredrick to President and CEO. Landen, previously President and Chief Operating Officer, has been mentored by Al Bala and is expected to drive operational excellence and execute strategic initiatives.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 7:00 am