Streetbeat News

Corporate Responsibility

AAL

At the JPM Conference, the CEO of American Airlines highlighted that aircraft manufacturers have been unable to deliver on schedule, impacting the airline's operations.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 1:27 pm

SASI

Sigma Additive Solutions, Inc. (SASI) announced its corporate name change to NextTrip, Inc., effective March 13, 2024, following the acquisition of NextTrip Holdings, Inc. The company will start trading under the new ticker symbol 'NTRP' on the Nasdaq. This transition reflects its shift towards travel and travel media operations, leveraging partnerships with over 200 travel organizations and offering over 2 million hotels worldwide. NextTrip is preparing to launch its travel booking platform and a content ecosystem, including Compass.TV, to drive growth and shareholder value.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 1:15 pm

BA

UAL

United Airlines Holdings' CEO announced plans to convert to Max 10s pending certification. This move indicates a strategic shift towards newer, potentially more efficient aircraft models.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 1:03 pm

WKHS

Workhorse Group is finalizing a workforce reduction of approximately 20%, excluding direct labor, as part of cost-cutting measures to strengthen its financial position. The company is in negotiations for financing to provide a financial runway and is transitioning its Aero business to a DaaS model, which includes stopping drone production and development and terminating related employees. Executive officers have agreed to defer 20% of their cash compensation for at least three months.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 1:02 pm

AAPL

META

Mark Zuckerberg, CEO of Meta Platforms Inc. (META), has countered claims by tech analyst Benedict Evans that Apple Inc.'s (AAPL) Vision Pro is similar to Meta's Quest lineup, emphasizing differences in product capabilities and vision. Zuckerberg highlighted the Quest's superiority in terms of weight, motion blur, and precision inputs, despite acknowledging Vision Pro's higher resolution. He also refuted the notion that VR headsets are solely for gaming, pointing out the outdated narrative and emphasizing the Quest's good resolution and other advantages.

Portfolio Pulse from Ananya Gairola

March 12, 2024 | 12:56 pm

MMM

3M shares are trading higher following the announcement of William M. Brown as the new CEO.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 12:45 pm

ZCMD

Zhongchao Inc. has announced the provision of medication assistance services to over 7,000 patients suffering from Systemic Lupus Erythematosus (SLE), involving approximately 130,000 units of medications. This initiative is aimed at supporting patients with SLE, a chronic autoimmune disease, by ensuring they have access to necessary medications.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 12:32 pm

BRDG

Bridge Investment Group Holdings Inc. (BRDG) announced its expanded 'Bridge to Opportunity' program, including a new partnership with Entryway to provide employment and housing for at-risk individuals. The program, leveraging Bridge's 90,000+ residential units, focuses on education, healthy communities, and financial wellness, with philanthropic commitments totaling $75M over 10 years. Initiatives include funding social programming, providing affordable housing, and supporting community services through partnerships and Opportunity Zone developments.

Portfolio Pulse from Happy Mohamed

March 12, 2024 | 12:19 pm

IINN

Inspira Technologies (NASDAQ:IINN) announced breakthrough results for its VORTX™ device, demonstrating superior blood oxygenation and carbon dioxide removal with zero pressure gradient, meeting 100% of regulatory guidelines. This achievement could revolutionize medical devices by minimizing patient risk and reducing manufacturing costs by moving away from fiber membrane-based devices.

Portfolio Pulse from Happy Mohamed

March 12, 2024 | 12:13 pm

ALRN

Aileron Therapeutics announced the appointment of Brian Windsor as President and CEO, effective March 11, 2024, succeeding Manuel Aivado. Aivado will continue to serve on the Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 12:08 pm