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Corporate Responsibility

APM

Aptorum Group Limited (NASDAQ:APM) shares surged by 778% to $12.73 following the announcement of a merger agreement with the privately held YOOV Group Holding Ltd. The merger, approved by both companies' boards, involves Aptorum's subsidiary merging into YOOV, a business AI and automation platform. Additionally, Aptorum and its major shareholder, Jurchen Investment Corporation, have initiated a significant restructuring process, including a split-off agreement where Aptorum will transfer its legacy business assets and liabilities to Aptorum Therapeutics Limited. Post-merger, Aptorum and YOOV shareholders will own approximately 10% and 90% of the combined company, respectively.

Portfolio Pulse from Vandana Singh

March 06, 2024 | 5:27 pm

ENB

Enbridge's Mainline system is not expected to lose significant oil volume to the Trans Mountain Expansion. The company forecasts a 4.5 BCFD increase in gas production in Western Canada by 2040. CEO states there are no plans for business spinoffs and is optimistic about meeting Canada's oil growth with additional pipeline capacity without significant capital expenditure.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 5:20 pm

AAPL

Epic Games announced that Apple has terminated its developer account, preventing Epic from developing the Epic Games Store for iOS. This move by Apple could have implications for both companies in terms of app distribution and revenue generation on the iOS platform.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:36 pm

PARA

At the Morgan Stanley Tech Conference, Paramount Global's CFO announced a strategic focus on growing 'profitable subscribers' rather than investing heavily in local content for international markets. Additionally, the digital ad market is showing 'healthy' growth.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:34 pm

STLA

Stellantis announces a €5.6 billion investment in South America, the largest in the region's automotive industry, to support over 40 new products and develop decarbonization technologies. This investment aims to reinforce Stellantis' leadership, contribute to the Dare Forward 2030 carbon net zero objectives, and enhance clean, safe, and affordable mobility. The investment will also focus on Bio-Hybrid technologies, with the Betim, Brazil facility becoming a global center for this innovation. Stellantis aims to become a carbon net zero corporation by 2038.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:33 pm

SPY

Fed Chair Powell emphasized that executives of failed banks should not profit from their failures, advocating for claw backs. He also acknowledged the reality of climate change, highlighting its long-term risks.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:23 pm

MBLY

Mobileye Global Inc. (NASDAQ:MBLY) announced its participation in the Morgan Stanley Technology, Media & Telecom Conference on March 6, 2024, with a presentation by Dan Galves, Chief Communications Officer. The event will be webcasted live and a replay will be available for 90 days. This announcement has led to a spike in Mobileye's shares.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:11 pm

GSK

ViiV Healthcare, a subsidiary of GSK Plc, announced interim data at CROI showing superior efficacy of its long-acting injectable HIV treatment, Cabenuva, compared to daily oral therapy in maintaining viral load suppression. The Latitude study also reported a similar rate of adverse events between both treatment arms.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:04 pm

ALK

BA

National Transportation Safety Board Chair Homendy emphasized the need for more cooperation from Boeing in the investigation of an Alaska Airlines Max 9 incident during a Senate hearing. This call for increased collaboration highlights ongoing safety and regulatory scrutiny for Boeing and its aircraft.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:59 pm

BE

Bloom Energy Corporation (NASDAQ:BE) announced a collaboration with Shell Plc. to study decarbonization solutions using Bloom's proprietary hydrogen electrolyzer technology. This partnership aims to develop large-scale, solid oxide electrolyzer systems for hydrogen production potentially used at Shell assets. Bloom Energy's CEO, KR Sridhar, highlighted the technology's potential to decarbonize hard-to-abate industry sectors and emphasized Bloom's leadership in solid oxide electrolyzer technology.

Portfolio Pulse from Erica Kollmann

March 06, 2024 | 3:44 pm