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EVTL

Vertical Aerospace has signed an investment agreement with its founder and CEO, Stephen Fitzpatrick, who commits to providing up to $50M in funding. This agreement follows a legally binding termsheet announced on January 21, 2024. Vertical is required to call an extraordinary general meeting (EGM) for shareholders to vote on amendments to its governance documents.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:45 pm

DCTH

Delcath Systems, Inc. (NASDAQ:DCTH), an interventional oncology company, announced the launch of a Healthcare Setting Locator on the hepzatokit.com website for its HEPZATO KIT, a liver-directed treatment for metastatic uveal melanoma. The Locator helps patients, caregivers, and healthcare providers find treatment locations. This follows the establishment of a permanent J-Code for HEPZATO, facilitating access to this treatment.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:20 pm

MTH

Meritage Homes Corporation (MTH) announced a significant increase in its quarterly dividend to $0.75 per share from $0.27 and initiated a share repurchase plan with a minimum commitment of $15M each quarter for this fiscal year. Already, $56M in shares have been repurchased in the first two months of 2024. Additionally, the company has consolidated its board committees related to governance and sustainability into a new committee.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:17 pm

SXC

SunCoke Energy announced that CEO Michael Rippey intends to retire on May 15, 2024. Katherine Gates has been named as his successor. This leadership transition is significant for the company's future direction and strategy.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:15 pm

HCA

HCA Healthcare's Sarah Cannon Cancer Institute has transitioned over 75% of its CAR T-cell therapy patients to outpatient monitoring, saving 1,200 hospital bed days for the first 100 patients and avoiding hospitalization for 20% of patients. This was achieved through a new integrated management process and technology from Best Buy Health's Current Health platform for at-home monitoring. The initiative, piloted at four sites, aims to improve patient care and meet the demand for cell therapies. HCA plans to expand this model to more sites.

Portfolio Pulse from Happy Mohamed

February 22, 2024 | 10:09 pm

STNG

Scorpio Tankers Inc. (NYSE:STNG) has signed a non-binding MOU with Fowe Eco Solutions Ltd. to install fuel-saving devices across its fleet, aiming to reduce fuel costs by at least 3% and cut carbon emissions by 100,000 tons annually. The agreement involves no significant upfront costs and is expected to be finalized in Q1 2024.

Portfolio Pulse from Happy Mohamed

February 22, 2024 | 10:06 pm

HP

Helmerich & Payne, Inc. (NYSE:HP) announced the retirement of CFO Mark W. Smith in August 2024. The company has started searching for a new CFO. Smith will remain as a senior advisor until December 2024 after retirement. CEO John Lindsay praised Smith's role in navigating challenging times and contributing to the company's financial discipline and strategic changes.

Portfolio Pulse from Happy Mohamed

February 22, 2024 | 10:01 pm

ESS

Essex Property Trust, Inc. (NYSE:ESS) has announced a 6.1% increase in its annual cash dividend, marking the 30th consecutive year of dividend growth. The new quarterly dividend is set at $2.45 per share, with payments starting April 12, 2024, for shareholders on record as of March 29, 2024. Additionally, the company's Annual Shareholders' Meeting is scheduled virtually for May 14, 2024.

Portfolio Pulse from Happy Mohamed

February 22, 2024 | 10:00 pm

SONY

Sony Group Corp.'s Arrowhead Studios released a patch for Helldivers 2 on PS5 to fix a login bug, but it led to a new issue preventing some users from playing. The game, built on the discontinued Autodesk Stingray engine, has faced server issues since launch but remains Sony's biggest PC game launch. Arrowhead's engineers had to work without support to build the game, which has reached 409K players on Steam.

Portfolio Pulse from Franca Quarneti

February 22, 2024 | 10:00 pm

DOV

Environmental Solutions Group (ESG), a part of Dover (NYSE:DOV), announced the expansion of its Connected Collections suite with the introduction of Recycling and Waste Facility Contamination Detection technology through its 3rd Eye SaaS product. This expansion aims to enhance safety, efficiency, and sustainability in solid waste and recycling management by enabling end-to-end contamination detection across various facilities. The technology integrates with existing systems like Soft-Pak and Scale-Pak to improve billing processes and provide a comprehensive view of waste streams, promising significant ROI.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:54 pm