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Corporate Responsibility

UHAL

U-Haul has acquired 4.46 acres of land in Urbandale, Iowa, for a new retail, moving, and self-storage facility, scheduled to open in 2026. The facility will feature over 700 indoor storage rooms, a warehouse for portable moving containers, and a range of services including truck rentals, towing equipment, and professional hitch installation. U-Haul plans to hire 10 local team members for the store, emphasizing its commitment to supporting the Urbandale community and veterans.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 6:53 pm

ENVB

Enveric Biosciences Inc. (NASDAQ:ENVB) has agreed to sell a cancer-related patent portfolio, including patents in multiple countries and pending applications. This move allows Enveric to focus on developing treatments for mental health disorders, specifically with its candidates EB-003 and EB-002. The sale will support the company's investment in neuroplastogens for treating depression, anxiety, and addiction disorders.

Portfolio Pulse from Jelena Martinovic

February 23, 2024 | 6:51 pm

C

Conor Davis, a senior sales executive at Citigroup, Inc. (NYSE:C), is set to leave the company as part of CEO Jane Fraser's restructuring efforts aimed at reducing costs and improving stock performance. The restructuring includes plans to cut 5,000 jobs by the end of the first quarter, with a total goal of reducing 20,000 roles to save $2.5 billion in expenses. Davis' departure is part of the bank's efforts to streamline operations, focusing on managing sales and relationships with hedge funds and institutional clients.

Portfolio Pulse from Nabaparna Bhattacharya

February 23, 2024 | 5:49 pm

META

Meta Platforms Inc (NASDAQ:META), the parent company of Facebook and Instagram, is under scrutiny for the misuse of its paid subscription tools, which have been exploited for child exploitation. Internal teams found 'parent-managed minor accounts' selling content to adults displaying sexual interest. Despite the absence of illegal content, some parents engaged with sexually explicit messages about their children. Meta's algorithms promoted such accounts to users with pedophilic interests, worsening the issue. The company is developing an automated system to restrict suspected pedophiles from subscribing to these accounts. Incidents of online enticement more than doubled in 2023 from 2022, with children falling prey to 'sextortion'. META shares are trading higher by 0.43% at $488.23.

Portfolio Pulse from Anusuya Lahiri

February 23, 2024 | 3:36 pm

GOOG

GOOGL

The controversy surrounding Google's Gemini AI chatbot, criticized for being 'woke' and inaccurately generating images of the Founding Fathers, highlights a deeper issue of AI's unpredictability, as pointed out by former Reddit CEO Yishan Wong. Wong references Isaac Asimov's 'Three Laws of Robotics' to illustrate potential dangers of AI's unforeseen outcomes. Alphabet Inc. has temporarily removed Gemini's people-generating feature, planning an improved version. Meanwhile, Elon Musk promotes his AI chatbot, Grok, emphasizing the importance of truth.

Portfolio Pulse from Rounak Jain

February 23, 2024 | 2:27 pm

AER

BA

EADSY

AerCap's CEO stated in a conference call that due to the superiority of the Airbus A321 over Boeing's larger product, a significant majority of the market is expected to shift towards Airbus in the long term.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 2:27 pm

DIT

AMCON Distributing Company (NYSE:DIT) has acquired a new distribution facility in Colorado City, Colorado, marking a significant expansion of its operations. The facility, spanning 249,200 square feet on 38 acres, will enhance AMCON's service in the Rocky Mountain, Intermountain, and Southwest regions. The company plans to invest further in the facility to expand its frozen and refrigerated capabilities, supporting its foodservice initiatives. The move aligns with AMCON's strategic growth objectives and aims to bolster its distribution capabilities across several states.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 2:16 pm

ATI

ATI has announced the appointment of Kimberly Fields as its new President and CEO, marking a significant leadership change for the company.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 2:01 pm

AIRS

Fuzzy Panda Research released a report on AirSculpt Technologies (AIRS), alleging serious malpractices including patient death, unqualified doctors, false advertising, and photoshopped patient images. The report claims AirSculpt's technology is not unique, accuses the company of unsafe medical practices, and states that its founder, Dr. Aaron Rollins, has suspect credentials. Fuzzy Panda Research is short AirSculpt Technologies.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 1:48 pm

KIND

Nextdoor shares surged following the announcement of preliminary Q4 financial results and the return of Nirav Tolia as CEO. The company's positive financial outlook and leadership change are key highlights.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 1:47 pm