Streetbeat News

Corporate Responsibility

CZR

Caesars Entertainment, Inc. (NASDAQ:CZR) and the NHL have renewed their partnership, extending Caesars' role as a Sports Betting and Gaming Partner. The new agreement includes access to NHL intellectual property for creating NHL-branded iCasino games on Caesars Digital platforms, exclusive Caesars Rewards member experiences, and enhanced visibility during NHL broadcasts. The partnership emphasizes responsible gaming and leverages the NHL's fan engagement to offer unique experiences and rewards through Caesars Sportsbook and Caesars iCasino platforms.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:38 pm

ETWO

E2open has announced the initiation of a strategic review process to explore options that could enhance shareholder value. This could include potential sales, mergers, acquisitions, or other strategic partnerships.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:36 pm

VOXX

VOXX International Corporation (NASDAQ:VOXX) announced a joint venture between its subsidiary EyeLock LLC and GalvanEyes Partners LLC to form BioCenturion, LLC. This new entity aims to consolidate technology, R&D, sales, marketing, and business development. GalvanEyes will manage the venture, with EyeLock retaining significant rights and responsibilities. The venture is expected to streamline operations and open growth avenues, with VOXX anticipating savings and a focus on profitable biometrics business. Beat Kahli steps down as VOXX's President but remains involved as co-Vice Chairman and CEO of BioCenturion.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:36 pm

CTXR

Citius Pharmaceuticals has successfully obtained $2.4 million in non-dilutive capital through the New Jersey Economic Development Program by converting its net operating losses. This financial maneuver provides the company with additional capital without diluting existing shareholders' equity.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:35 pm

MPLN

MultiPlan Corporation (NYSE:MPLN) announced Jerry Hogge as the new Executive Vice President, Chief Operating Officer (COO). Hogge brings over 30 years of experience in operational and commercial leadership within healthcare and telecommunications. His appointment is part of MultiPlan's aggressive growth strategy, focusing on operational efficiency, expanding market share, and integrating acquisitions. CEO Travis Dalton highlighted Hogge's alignment with the company's goals for growth and innovation.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:18 pm

BGXX

Bright Green Corporation (BGXX) has submitted its DEA Registration for the production of Schedule I and II Controlled Substances, following approval from the New Mexico Board of Pharmacy. This move is part of its expansion into the legal manufacturing of plant-based controlled substances for medical, research, and other legal purposes. The company aims to contribute to the 'Drugs Made in America' movement by providing a domestic supply of essential medications, thus addressing the national security risk posed by the U.S.'s dependency on imports.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:16 pm

MDAI

Spectral AI, Inc. (NASDAQ:MDAI) has announced the creation of a wholly-owned subsidiary focused on advancing intellectual property within the AI healthcare ecosystem. This move aims to safeguard current and future product offerings and enhance shareholder value by developing or acquiring IP specifically in healthcare. The initiative will be closely collaborated with a leading expert in IP monetization, who is also the company's largest shareholder and board member.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:15 pm

FLT

FLEETCOR Technologies, Inc. (NYSE:FLT), a leading global payments company, announced it will rebrand to Corpay and adopt a new ticker symbol 'CPAY' starting March 25, 2024. The rebranding reflects the company's focus on corporate payment solutions. FLEETCOR, an S&P 500 company serving over 800,000 business customers with 2023 revenues of $3.75 billion, is the top B2B commercial Mastercard issuer in North America and was named to Newsweek's list of Top 100 Most Loved Workplaces.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:14 pm

AEO

American Eagle Outfitters, Inc. (NYSE:AEO) has announced its Powering Profitable Growth plan, aiming for $5.7B to $6B in revenue and a 10% operating margin over the next three years. The plan focuses on mid-to-high teens annual operating income growth, 3-5% annual revenue growth, brand amplification, financial discipline, and operational optimization.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:11 pm

SPRC

SciSparc announced the completion of the granting and validation process for its core-technology patent in certain European countries. This development could potentially enhance the company's intellectual property position and market competitiveness in Europe.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:50 pm