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Corporate Responsibility

AEO

American Eagle Outfitters plans to remodel around 50 stores in 2024, as announced in their recent conference call.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:45 pm

ETWO

E2open Parent Holdings' shares surged following the announcement of a strategic review initiation. The company also reaffirmed its FY24 revenue guidance, signaling confidence in its future performance.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:42 pm

BA

GE

GE's CEO stated that their relationship with Boeing is stronger than ever, emphasizing their commitment to support Boeing, especially in ramp and production aspects. This statement comes despite the Jan. 5 incident involving a Boeing Max 9, which has not led to any changes in their collaboration.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:41 pm

AAPL

GOOGL

RIVN

TSLA

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are on the rise as investors buy the dip, with Bitcoin ETFs seeing strong inflows. The Arizona Senate is considering BTC ETFs for pension funds. Gold hits an unprecedented high amid economic uncertainties. US markets and stocks record gains, while major spending bills pass in the US House to prevent government shutdown. Tech giants like Apple and Google face scrutiny and challenges, while the EV market sees activity from Rivian and Tesla. Healthcare and energy sectors also see notable developments.

Portfolio Pulse from Akanksha Bakshi

March 07, 2024 | 4:23 pm

BREA

Brera Holdings PLC (NASDAQ:BREA) shares surged after executive chairman Daniel McClory acquired a majority stake, holding 54.5% ownership and 83.7% voting rights. The company also added Massimo Ferragamo to its Advisory Board, aiming for international expansion and leveraging Ferragamo's luxury brand expertise.

Portfolio Pulse from Erica Kollmann

March 07, 2024 | 4:22 pm

SPY

Fed Chair Powell announced that the Federal Reserve will focus on two specific actions regarding climate change: conducting climate stress scenarios, which large banks are already implementing, and offering guidance on assessing climate-related risks. He emphasized that there are no new climate initiatives being introduced.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:17 pm

BA

GE

GE Aerospace's CFO announced during a conference call that they are planning for the Boeing 777X's entry into service by mid-2025.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:02 pm

NVO

Novo Nordisk's executive mentioned that valuations of companies developing cardiometabolic drugs have increased, yet opportunities for acquisitions to enhance its obesity pipeline remain. The company plans to focus on injectable obesity drugs globally before introducing oral versions in higher-priced markets. High-dose oral semaglutide and oral amycretin are seen as key to winning in these markets based on efficacy.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:02 pm

CTLT

NVO

Novo Nordisk's CFO mentioned that if the deal with Catalent does not close, the company will need to increase its capital expenditure to build fill-finish capacity internally. This statement highlights the importance of the Catalent deal for Novo Nordisk's operational strategy and potential financial implications.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:01 pm

ACHR

The Bear Cave published a report criticizing Archer Aviation (ACHR), an ARK Invest favorite, for its excessive spending on celebrity partnerships and failing to meet expectations. Despite Cathie Wood's optimistic prediction of an 80% compound growth, The Bear Cave anticipates a crash landing for ACHR.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:55 pm