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Corporate Responsibility

CACO

Caravelle International Group (NASDAQ:CACO) announces the launch of a wood drying ship, a venture expected to significantly increase revenue by up to $16.8M per ship per year from wood drying operations, in addition to regular freight revenue. The $2.8M project utilizes free energy from engine heat, aligning with sustainability goals and enhancing profitability. The system will be operational in three months, marking a significant step in the company's commitment to innovation and environmental responsibility.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:53 pm

NWGL

Nature Wood Group Limited (NWGL) anticipates a 75% revenue growth in FY24, expecting to reach $45M, up from $25.4M in FY23. This growth is attributed to new EU regulations favoring sustainably sourced wood, a market where NWGL, with its focus on FSC certified operations, holds a competitive advantage. The company also plans to expand its carbon credit projects globally, leveraging high-margin opportunities while supporting sustainability.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:32 pm

EPOW

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) announced its 'High-Energy Fast Charging Lithium Battery Graphite Anode Project' received approval from Guizhou Province's Department of Science and Technology. This project, part of the 'Industrialization of Advanced Scientific and Technological Achievements' plan, aims to enhance energy density, charging efficiency, and cycling performance of lithium batteries. The approval will provide additional funding and support, positioning EPOW as a leader in high-end battery graphite anode materials.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:28 pm

BTTX

Better Therapeutics (BTTX) announced the acceptance of a late-breaking abstract for the AspyreRx pivotal trial 180-day outcomes, and its participation in the 17th International Conference on Advanced Technologies & Treatments for Diabetes. The company will host a sponsored education session on March 09, 2024, aiming to expand access to effective lifestyle modification interventions.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:27 pm

DIS

Walt Disney Co (NYSE:DIS) shares are trading higher after Blackwells Capital released an investor presentation titled "The Future of Disney" and Morgan Stanley updated its rating to Overweight with a price target increase from $110 to $135. Blackwells Capital is pushing for board changes at Disney's 2024 Annual Meeting, criticizing the current board's lack of expertise in key areas. Interest rates and Disney's revenue growth are also discussed as factors influencing the stock's future performance.

Portfolio Pulse from Adam Eckert

March 04, 2024 | 2:27 pm

HURN

Huron (NASDAQ:HURN) has completed the acquisition of GG+A, a leading philanthropic management consulting firm. This move aims to enhance Huron's offerings in empowering educational, healthcare, arts, and nonprofit organizations through advanced philanthropic programs. The acquisition is expected to strengthen Huron's Education operating segment by integrating GG+A's consulting expertise with Huron's digital capabilities and client relationships.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:09 pm

LLAP

Terran Orbital Corporation (NYSE:LLAP) announced the adoption of a limited duration stockholder rights plan following a non-binding proposal from Lockheed Martin to acquire all outstanding shares. The plan aims to protect stockholder interests and ensure they realize full investment value. An independent committee will evaluate the Lockheed Proposal and other strategic alternatives. The Rights Plan discourages control through open market accumulation without a fair premium and encourages negotiation with the Board.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:08 pm

MA

UBER

Uber has collaborated with Mastercard and Payfare to introduce the Uber Pro Card in Canada, aiming to offer financial benefits to drivers and delivery people. This partnership is designed to enhance the financial well-being of Uber's workforce by providing them with a new financial product that offers various perks and rewards.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:02 pm

QTRX

Quanterix Corporation (NASDAQ:QTRX) announced its Simoa p-Tau 217 blood test for Alzheimer's Disease (AD) received Breakthrough Device designation from the U.S. FDA. This designation highlights the test's potential as a more effective, non-invasive diagnostic tool for AD, addressing an unmet medical need. The p-Tau 217 test, utilizing Quanterix's high-definition diagnostics and ultra-sensitive research products, is intended to aid in the diagnostic evaluation of AD by measuring p-Tau 217 concentration in plasma. This development is a significant step in advancing AD diagnostics and patient care.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:02 pm

ENTG

SCFPartners, Inc. has acquired the Pipeline and Industrial Materials business from Entegris Inc. (NASDAQ:ENTG), which includes Flowchem, Val-Tex, and Sealweld. These businesses specialize in chemicals and products for midstream infrastructure, focusing on efficiency, safety, and emission reduction. The acquisition aims to accelerate strategic growth and value creation under SCF's leadership, leveraging decades of customer trust and the increasing need for specialized infrastructure solutions.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:59 pm