Streetbeat News

Corporate Responsibility

BRN

Barnwell Industries announces a leadership transition with CEO and President Alexander Kinzler passing the roles to Craig Hopkins on April 1, 2024. Kinzler will become Executive Chairman and currently owns 9.2% of the company's shares, with relatives owning about 4%.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 11:03 am

EVLV

Evolv Technology (NASDAQ:EVLV) announced it is under investigation by the SEC, described as a confidential 'non-public, fact finding inquiry.' The company emphasized its commitment to transparency and cooperation with regulatory bodies, noting the SEC's statement that the investigation does not imply any legal violations.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:06 am

CLVT

Clarivate Plc (NYSE:CLVT), a global intelligence provider, has launched the Clarivate Center for IP and Innovation Research. This new unit aims to assist corporations and research organizations in creating innovative ideas and valuable technology and brand IP assets.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 8:44 am

EVLV

Evolv Technology has been selected as the preferred technology provider for patron screening in North America by ASM Global. This partnership highlights Evolv's leadership in advanced screening solutions and ASM Global's dedication to enhancing guest experiences at its venues worldwide.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 8:08 am

ABBV

AbbVie presented new data from its gastroenterology portfolio at the 19th Congress of European Crohn's and Colitis Organisation, showcasing 17 abstracts on treatments for inflammatory bowel diseases. Key presentations included data on risankizumab (SKYRIZI) and upadacitinib (RINVOQ), highlighting their effectiveness and safety in treating ulcerative colitis and Crohn's disease.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 8:04 am

AAPL

GOOG

SSNLF

Apple Inc. (NASDAQ:AAPL) is set to launch its foldable iPhone in September 2026, according to a report from Alpha Economy. This launch will occur eight generations after Samsung's first foldable phone. Apple has also filed a patent for a rollable iPhone, indicating its active interest in foldable display technology. Competitors like Alphabet Inc.'s Google (NASDAQ:GOOG) (NASDAQ:GOOGL) and Samsung Electronics (OTCPK: SSNLF) already have foldable phones in the market, with Samsung having launched five generations of foldable devices.

Portfolio Pulse from Rounak Jain

February 20, 2024 | 7:58 am

EVO

The New Jersey Division of Gaming Enforcement (NJDGE) has concluded its investigation into allegations of misconduct by Evolution AB (EVO) with no further action. The investigation, initiated in November 2021 following a report of misconduct, found no evidence of Evolution's involvement in prohibited jurisdictions. Evolution has also enhanced its compliance processes, which the NJDGE supports.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 7:57 am

EVTL

Vertical Aerospace (NYSE:EVTL) has received a $10 million grant from the UK Government through the Aerospace Technology Institute (ATI) Programme for developing next-generation propellers for its VX4 aircraft. This marks the third project awarded to Vertical by the ATI Programme, totaling $47 million in UK Government grants, signifying strong governmental support for Vertical's vision in pioneering zero emissions aviation.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 7:18 am

BSM

Black Stone (BSM) forecasts a 4% increase in royalty production in 2024, driven by Aethon's 24 wells in the Shelby Trough and Austin Chalk development, offset by lower activity in Louisiana Haynesville. Working interest production is expected to decline due to a 2017 decision. General and administrative expenses are anticipated to rise slightly due to inflation and strategic hires.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 6:58 am

JELD

JELD-WEN Holding has provided its 2024 revenue guidance, projecting net revenues of $4.0 to $4.3 billion, which is slightly below the consensus of $4.27 billion. The company anticipates Adjusted EBITDA to be between $370 million and $420 million. These projections reflect a challenging macro environment in North America and Europe, with core revenues expected to be flat to down 7% compared to 2023. JELD-WEN plans to invest in capital expenditures, amounting to about 4% of sales, and incur non-recurring cash expenses of around $100 million to improve financial results.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 6:45 am