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RVTY

Revvity, Inc. (NYSE:RVTY) announced the launch of Signals ClinicalTM, a SaaS clinical data science platform designed to centralize clinical trial data for faster insights and decisions, aiming to accelerate the market delivery of therapeutics. Integrated with Spotfire for advanced visual analytics, it promises to enhance efficiency and collaboration in clinical research, potentially transforming the pharmaceutical, biotechnology, and contract research industries.

Portfolio Pulse from Happy Mohamed

February 12, 2024 | 9:09 pm

BIIB

Biogen has received approval from the European Commission for SKYCLARYS, a treatment for Friedreich's ataxia, a rare and debilitating disorder. Clinical trials showed SKYCLARYS improved patient function compared to placebo, marking a significant advancement in treatment for this condition.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:07 pm

DIS

Walt Disney Company (NYSE:DIS) is facing a significant boardroom battle as shareholders vote on April 3. Activist hedge funds, led by Nelson Peltz of Trian Fund Management and Jason Aintabi of Blackwells Capital, are challenging Disney's current board, citing the company's poor performance and share price decline over the last three years. Disney's CEO, Bob Iger, aims to revitalize the company, while the activists propose strategic changes and new board members to enhance shareholder value. The campaign is expected to cost millions, with Disney estimating its expenses at $40 million, Trian at $25 million, and Blackwells at $6 million.

Portfolio Pulse from Neil Dennis

February 12, 2024 | 8:00 pm

GOLD

NEM

Barrick Gold (NYSE:GOLD) announced an increase in proven and probable gold reserves to 77 million ounces by the end of 2023, up from 76 million the previous year. The company, holding a 61.5% stake in Nevada Gold Mines (NGM) through a joint venture with Newmont (NYSE:NEM), highlighted significant contributions from its North American operations, particularly in Northern Nevada, which is described as 'far from being a mature gold district.' Key sites like Carlin, Cortez, and the Turquoise Ridge complex are expected to support production growth for over a decade. Additionally, NGM has initiated a transition to renewable energy with the commissioning of a solar project.

Portfolio Pulse from Stjepan Kalinic

February 12, 2024 | 7:53 pm

GIB

SPY

The U.S. Government Accounting Office reported a data breach by its IT contractor, CGI Federal, according to Reuters. This incident could raise concerns about cybersecurity measures and data management practices within government contracts.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 7:38 pm

MMS

Maximus (MMS) has been awarded a contract by South Dakota's Department of Social Services to administer mental health assessments for Medicaid-certified nursing facility placements. This marks the first time South Dakota has partnered with an external vendor for this purpose. Maximus will leverage its nearly 25 years of experience in running Preadmission Screening and Resident Review (PASRR) programs to enhance the state's program, offering centralized services, improved data collection, and analysis to support South Dakota's goals.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 6:03 pm

MSFT

Microsoft Gaming CEO Phil Spencer reassured Xbox employees in a recent meeting that the company will continue producing Xbox consoles, countering rumors of a shift away from console manufacturing. This statement comes amid concerns following recent layoffs and ahead of a business update event. Spencer's comments also address speculation about Xbox's future strategy and potential shifts towards multi-platform gaming.

Portfolio Pulse from Franca Quarneti

February 12, 2024 | 5:14 pm

APD

Air Products (APD) has signed a 10-year Power Purchase Agreement (PPA) with Eneco for solar electricity in The Netherlands, marking a significant step towards sustainability. This agreement will see APD sourcing the majority of its energy needs for liquid nitrogen and oxygen production from the Vlagtwedde Solar PV farm, reducing emissions equivalent to the carbon footprint of about 45,000 households. This move aligns with APD's long-term vision for decarbonizing the industrial gases sector and its previous commitments to sustainability in Europe.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 4:03 pm

IONM

Assure Holdings Corp. (NASDAQ:IONM) announced a merger with Danam Health, Inc., where Danam will merge into a subsidiary of Assure in a stock-for-stock transaction. Post-merger, Assure will be renamed Danam Health Holdings Corp. and will focus on pharmaceutical and healthcare services. The combined company will be Nasdaq-listed, with Danam stockholders owning approximately 90% and Assure stockholders owning about 10%. The merger, valued at $150 million, is expected to close in Q2 2024, subject to approvals and conditions.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:59 pm

ACDC

ProFrac Holding Corp. has announced its operational and strategic priorities for 2024, focusing on higher utilization, enhancing customer experience, and maintaining low per unit costs. The announcement reflects the company's commitment to operational excellence and cost efficiency.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:36 pm