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NVO

WMT

The popularity of weight-loss drugs like Ozempic is prompting investors to push food companies towards healthier offerings, as a Bloomberg survey shows 75% of respondents advocating for business model adjustments. This trend is seen as a threat to traditional food companies, with Walmart Inc. noting a decrease in calorie purchases. Industry experts and CEOs are concerned about the impact of these drugs on food and beverage sales.

Portfolio Pulse from Benzinga Neuro

February 20, 2024 | 1:18 pm

BFRI

Biofrontera Inc. (BFRI) has announced a significant restructuring of its supply agreement with Biofrontera AG, including a substantial reduction in the transfer price of Ameluz to Biofrontera AG. Additionally, control of all US clinical trials of Ameluz will transfer to Biofrontera Inc. effective June 1.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:16 pm

LTRY

Lottery.com Inc. announced the voluntary dismissal of a lawsuit by Woodford Eurasia Assets alleging proxy misstatements against the company and its directors. The lawsuit, filed in the United States District Court for the District of Delaware, was dismissed without prejudice. This legal action initially sought to prevent a special meeting of stakeholders regarding the sale of stock to United Capital Investments London Limited, which could change company control. The court had previously denied Woodford's motion for a temporary restraining order and injunction. With the lawsuit's dismissal, Lottery.com focuses on its mission in the lottery and sports media industries.

Portfolio Pulse from Happy Mohamed

February 20, 2024 | 1:12 pm

PGY

Pagaya Technologies has announced the appointment of Evangelos Perros as its new Chief Financial Officer (CFO). This strategic move is aimed at strengthening the company's financial leadership as it continues to grow and expand its operations.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:02 pm

META

Veteran trader Peter Brandt suspects his posts on X (formerly Twitter) are being censored due to his views on voting and COVID fraud, inspired by an interview with Mike Benz. Elon Musk has also accused Meta Platforms Inc. (META) of censorship, particularly around election integrity.

Portfolio Pulse from Benzinga Neuro

February 20, 2024 | 12:39 pm

ZVIA

Zevia PBC (NYSE:ZVIA) announced Girish Satya as the new CFO effective February 21, 2024. Satya, with over 20 years of experience, replaces interim CFO Florence Neubauer, who will remain as Senior VP, Finance and Business Transformation.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 12:29 pm

FANH

Fanhua Inc. has signed a supplementary agreement to its strategic framework deal with White Group, alongside announcing board changes. This move strengthens Fanhua's position as a leading financial services provider in China.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 12:27 pm

MSFT

Security researchers discovered multiple vulnerabilities in OpenAI's ChatGPT, potentially allowing account takeovers. The issues, including two XSS vulnerabilities, were reported and promptly fixed by OpenAI. This incident highlights the growing concerns over the use of AI tools like ChatGPT in cyberattacks, with Microsoft Corp. and OpenAI previously noting hackers' use of such tools for refining cyberattacks.

Portfolio Pulse from Rounak Jain

February 20, 2024 | 12:01 pm

GIS

General Mills is focusing on its Accelerate strategy to drive long-term growth and shareholder returns, investing in brand building for its iconic brands. The company has reaffirmed its fiscal 2024 financial targets, expecting organic net sales to be down 1 percent to flat, and adjusted operating profit and EPS to increase by 4 to 5 percent in constant currency.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 11:35 am

GIS

General Mills reaffirmed its fiscal year 2024 outlook during the Consumer Analyst Group of New York (CAGNY) conference, indicating confidence in its financial projections and strategic plans.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 11:30 am