Streetbeat News

Corporate Responsibility

FLYW

Cosmin Pitigoi is set to join Flywire as CFO on March 4, 2024. Current CFO Mike Ellis will transition to a senior advisor role to ensure a smooth handover.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:09 pm

IINN

Inspira Technologies announced the development of an exclusive in-house capability that can simulate arterial and venous blood parameters for patients with specific medical conditions, eliminating the need for in vivo animal testing. This innovation could significantly enhance the company's research and development efficiency and potentially speed up the introduction of new medical technologies.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:05 pm

NEM

Newmont plans to divest six non-core assets and two projects, aiming for an additional $500 million in cost and productivity improvements. The assets include Éléonore, Musselwhite, Porcupine, CC&V, Akyem, and Telfer, with Havieron and Coffee projects also on the divestiture list.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:05 pm

PLNT

Planet Fitness announced that CFO Tom Fitzgerald plans to retire at the end of August 2024. The company will start a comprehensive search for a new CFO with the help of a leading executive search firm.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:33 am

GOOG

GOOGL

MSFT

Alphabet Inc.'s Google has temporarily halted its Gemini AI's image generation feature for people after inaccuracies in historical figure representations were discovered. The AI tool had been generating incorrect images, including diverse representations of US Founding Fathers and Nazi-era German soldiers. Google aims to address these issues and re-release an improved version soon. This decision follows criticisms of Gemini for generating irrelevant or inaccurate images, including those of Google's co-founders. The feature was initially launched to compete with OpenAI's ChatGPT and Microsoft's Copilot.

Portfolio Pulse from Rounak Jain

February 22, 2024 | 11:33 am

NVAX

Novavax has settled with Gavi over the 2021 Advance Purchase Agreement for its Covid-19 vaccine, NVX-COV2373. The settlement includes an initial payment of $75 million, deferred payments totaling $400 million through 2028, and up to $225 million in additional vaccine credits for low-income countries. This agreement emphasizes both parties' commitment to public health and equitable vaccine distribution.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:06 am

ALIT

Alight has announced receiving director nominations from Starboard Value and advises its stockholders not to take any action currently.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:03 am

AZN

SDXAY

Sodexo has renewed its contract to provide food and facilities management services to AstraZeneca in the UK, Sweden, Denmark, Finland, and Norway for an additional five years.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:05 am

XYL

Xylem is actively collaborating with partners and communities worldwide to enhance water security throughout 2023. This initiative underscores the company's commitment to addressing global water challenges through strategic partnerships and community engagement.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:01 am

ALCPF

TSM

Taiwanese chip companies are expanding their operations in Japan as a strategic move amidst the U.S. efforts to limit China's semiconductor advancements. Companies like Alchip Techs and eMemory Technology are relocating or establishing operations in Japan, benefiting from the country's supportive government and subsidies. Taiwan Semiconductor (TSM) is also setting up its first plant in Kyushu, Japan, with plans for a second, highlighting Japan's growing importance in the global semiconductor supply chain.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 7:30 am