Streetbeat News

Corporate Responsibility

LRHC

La Rosa Holdings Corp. (LRHC) has acquired its seventh real estate brokerage franchisee, La Rosa Realty Winter Garden LLC, with a revenue of $1.4M and positive cash flow in 2023. The acquisition is part of La Rosa's de-franchising strategy aimed at achieving an annual revenue run rate of $100 million by the end of 2024 and becoming profitable by early 2025. The company's unique business model offers real estate agents a revenue share or an annual fee-based model with 100% commissions, contributing to its growth in agent count.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:16 pm

TNON

Tenon Medical, Inc. (TNON) announced the issuance of a Notice of Allowance from the USPTO for a patent application enhancing claims for its Catamaran SI Joint implant. This addition to Tenon's patent portfolio, which includes 8 issued patents and 23 pending applications, underscores the company's commitment to protecting its innovative sacroiliac joint treatment technologies.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:13 pm

SLRX

Salarius Pharmaceuticals, Inc. (NASDAQ:SLRX) is implementing cost-saving measures to extend its cash runway into the first half of 2025, supporting ongoing seclidemstat clinical trials for hematologic cancers and Ewing sarcoma. The company has seen encouraging results, with a 50% objective response rate in hematologic cancer trials and a 60% rate in Ewing sarcoma patients. CEO David Arthur transitions to a part-time consultant role to reduce expenses. Salarius continues to explore strategic alternatives with Canaccord Genuity, LLC to maximize shareholder value.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:05 pm

AMEH

Apollo Medical Holdings, Inc. announced it will change its name to Astrana Health, Inc. and trade under the new ticker symbol 'ASTH' starting February 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:05 pm

XPEL

XPEL, a leading provider of protective films and coatings, has announced its target for revenue growth in 2024, aiming for an approximate increase of 15%. This ambitious goal reflects the company's confidence in its business strategy and market demand for its products.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:04 pm

USB

U.S. Bancorp, through its subsidiary U.S. Bank, has launched a new division aimed at providing services to private capital firms and global asset managers. This strategic move is designed to expand its offerings and cater to a niche yet significant segment of the financial market.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:02 pm

TMUS

T-Mobile has announced that its network is operating normally, countering claims of an outage. This clarification comes amid concerns over network reliability.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:53 pm

SVFD

Save Foods Inc. has announced that its subsidiary, NTwo Off, has filed a U.S. patent application for a technology aimed at reducing greenhouse gas emissions in wheat production. This innovation could significantly impact sustainability practices in agriculture, aligning with global efforts to combat climate change.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:50 pm

RILY

B. Riley Financial's board issued a statement following an internal review by the Audit Committee, affirming that the company acted properly in the management-led buyout of FRG. The statement also clarified that B. Riley Financial and its executives had no involvement with or knowledge of the alleged Prophecy misconduct.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:36 pm

GOOG

GOOGL

Elon Musk, founder of xAI, highlighted the significance of their Grok AI chatbot in the pursuit of truth, especially in light of the recent controversy surrounding Google's Gemini AI for inaccuracies and bias. Musk announced that Grok version 1.5 will be released in two weeks, emphasizing its rapid improvement and commitment to truth. This comes after Google's Gemini AI faced criticism for generating inaccurate images of historical figures, leading to the suspension of this feature by Alphabet Inc.

Portfolio Pulse from Rounak Jain

February 22, 2024 | 12:33 pm