Streetbeat News

Corporate Responsibility

RILY

B. Riley Financial's shares increased following a statement from the company's board affirming proper conduct in the management-led buyout of FRG, based on the audit committee's review.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 3:55 pm

CPSI

CPSI, a healthcare solutions company, announced it will rebrand as TruBridge. This new brand reflects the company's commitment to facilitating healthcare processes.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 3:49 pm

RTNTF

Rio Tinto (OTCPK: RTNTF) has received board approval for the $20 billion Simandou iron ore project in Guinea, set to be the world's largest mining project. The project, aiming for a 2025 production start, is expected to add 5% to the global seaborne supply and create 45,000 jobs. It involves collaboration with the Guinean government, China's Chalco Iron Ore Holdings, and other partners. The project emphasizes environmentally friendly steelmaking and has already seen $11.6 billion invested by Rio Tinto.

Portfolio Pulse from Stjepan Kalinic

February 22, 2024 | 3:48 pm

IPWR

STLA

Ideal Power announced the transition of Phase III to Stellantis' production team, following the successful completion of Phase I and II deliverables. This marks a significant step in their collaboration.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:15 pm

EDBL

Edible Garden AG Incorporated (EDBL) has received grant funding from the Michigan Department of Labor and Economic Opportunity's Going PRO Talent Fund. This funding will reimburse the company for training expenses at its Heartland facility in Grand Rapids, Michigan, focusing on supply chain management, transportation, logistics, and on-the-job training for new hires. The grant supports Edible Garden's efforts to enhance supply chain efficiency and sales growth using its GreenThumb technology.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:09 pm

RSLS

ReShape Lifesciences (NASDAQ:RSLS) announced the first surgeries with its next-generation Lap-Band 2.0 FLEX, designed to enhance patient experience by reducing discomfort and the need for in-office adjustments. The technology allows the band to momentarily relax for food passage, expected to increase demand for Lap-Band surgeries.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:01 pm

KA

Kineta, Inc. (NASDAQ:KA), a clinical-stage biotechnology company, announced it will present new preclinical data on its anti-VISTA antibody, KVA12123, for treating acute myeloid leukemia (AML) at the AACR Blood Cancer Discovery Symposium in Boston. The presentation by Chief Scientific Officer Thierry Guillaudeux will detail KVA12123 as a potential new immuno-oncology therapeutic target for AML. The abstract will be available in an AACR journal and the poster on Kineta's website post-conference.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:56 pm

AAPL

SSNLF

The FDA has issued a warning against the use of smartwatches and smart rings that claim to measure blood glucose levels without skin penetration, stating that no such devices have been approved. The warning includes devices from any manufacturer, despite ongoing efforts by companies like Apple Inc and Samsung Electronics to develop non-invasive blood glucose monitoring technology. Consumers and healthcare providers are advised to avoid these unapproved devices and report any issues through the MedWatch Voluntary Reporting Form.

Portfolio Pulse from Vandana Singh

February 22, 2024 | 1:45 pm

SHOT

Safety Shot, known by its ticker SHOT, has entered into an agreement to license and sell its legacy assets related to Jupiter Wellness to Elite Health Partners Inc. This move marks a significant shift in Safety Shot's business strategy, focusing on streamlining its operations and possibly venturing into new areas or reinforcing its core business by divesting non-core assets.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:37 pm

SYTA

Siyata Mobile Inc. has received a significant order for 1,000 UV350 devices from an international EMS provider, aiming to deliver within the first quarter of 2024. This order highlights Siyata's strong position in the First Responder market and its strategy to expand sales and reach profitability.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:23 pm