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Corporate Responsibility

HPQ

HP Inc. announced new services and solutions at the Amplify Partner Conference 2024, including HP WEX, an AI-enabled digital experience platform, and initiatives to extend device life and accelerate a circular economy. These offerings aim to enhance productivity, reduce TCO, and support channel partners in delivering superior work experiences. HP also introduced new Managed Services, simplified support packages, and a partnership with Microsoft to integrate WEX with Copilot for Security.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 6:22 pm

CI

LLY

NVO

Cigna Group's subsidiary, Evernorth Health Services, introduced a financial guarantee within its EncircleRx program to provide clients with predictability in covering GLP-1s, aiming to control health plans and employers' expenditures. This initiative includes a cost cap or savings guarantee, enhancing accessibility for patients. Evernorth has agreements with Novo Nordisk and Eli Lilly to cap annual spending increases for weight loss and diabetes drugs at 15%. Cigna also raised its long-term average annual adjusted EPS growth target to 10%-14% and reaffirmed its fiscal year 2024 adjusted EPS guidance.

Portfolio Pulse from Vandana Singh

March 07, 2024 | 6:18 pm

NSC

Ancora Holdings Group, LLC, a significant shareholder in Norfolk Southern Corporation (NYSE:NSC), has proposed a new leadership team and directors who aim to enhance the company's safety policies. The proposed changes include a requirement for a two-person crew on every mainline train, which Ancora believes will significantly improve operational safety. The announcement comes with a white paper detailing the analysis and recommendations for improving Norfolk Southern's safety culture.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 5:05 pm

ETWO

E2open Parent Holdings, Inc (NYSE:ETWO) shares surged after announcing a strategic review to enhance shareholder value and strengthen its position in the supply chain management software market. The company, under new senior leadership, is confident in its growth plan and potential as a stand-alone entity. E2open reaffirmed its FY2024 revenue guidance, expecting $628 million to $633 million in revenue and adjusted EBITDA of $215 million to $220 million. Shares rose 9.14% to $4.42.

Portfolio Pulse from Shivani Kumaresan

March 07, 2024 | 5:04 pm

AEO

An executive from American Eagle Outfitters stated during a conference call that there is a need to upgrade and modernize the American Eagle store fleet to stay competitive and meet customer expectations.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 5:03 pm

GE

GE's CEO expressed confidence during a conference call that CFM, a joint venture between GE and Safran Aircraft Engines, can manufacture all the engines it has sold. This statement underscores the company's capability in meeting its production commitments.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 5:01 pm

MSFT

Microsoft has announced a digital event for March 21st, focusing on new Surface Pro 10 and Surface Laptop 6 devices, targeting business customers with AI improvements in Windows 11. The event will showcase minor spec updates and an OLED display for the Surface Pro 10. The Surface Laptop 6 will feature a new design with thinner bezels and various ports, available in Intel and Snapdragon models. Additionally, Microsoft is enhancing Windows 11 with a new AI Explorer experience.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:57 pm

MAT

During its Investor Day, Mattel announced a new cost savings program aiming for $200M of annualized savings by 2026. The initiative is part of the company's strategic efforts to enhance efficiency and profitability.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:55 pm

BA

GE

GE's CEO praised Dave Calhoun for his handling of the situation since the Jan. 5 incident, indicating no plans to shift more capacity to Airbus from Boeing. Boeing continues to receive engine deliveries for Max planes at the same rate, as discussed in a conference call.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:49 pm

AEO

American Eagle Outfitters plans to remodel around 50 stores in 2024, as announced in their recent conference call.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:45 pm