Streetbeat News

Corporate Responsibility

BA

FAA's Whitaker has engaged with Boeing engineers and mechanics to gain insights into the safety culture at the Washington facility. Additionally, the FAA is concluding its enhanced oversight audit of Boeing's production and manufacturing quality systems within the next few weeks.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 2:48 pm

BA

FAA Chief Whitaker visited Seattle to receive feedback from employees on Boeing oversight. The FAA is expanding oversight of new aircraft, including increased presence at Boeing facilities.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 2:46 pm

VMAR

Vision Marine Technologies Inc. (NASDAQ:VMAR) unveiled the Phantom, a rotomolded boat, at the Miami International Boat Show 2024, highlighting its economic and environmental benefits. The Phantom, designed for efficiency and affordability, can produce up to 300 units annually at a cost 70% lower than fiberglass alternatives. Vision Marine secured an exclusive distribution deal with Nautical Ventures Marine Group for Florida, including an initial order of 50 units. The Phantom is recyclable, seats up to 10 passengers, and supports both electric and gas motors, making it appealing for a variety of activities.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 2:19 pm

HCTI

Healthcare Triangle, Inc (NASDAQ:HCTI) announced strategic cost reduction initiatives aimed at achieving profitability, with expected annualized savings of $3M-$4M in FY24. These initiatives include enhancing platform portfolios, reducing SG&A costs, streamlining leadership, adjusting market focus, and improving process efficiencies to boost gross margins and optimize operations.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 2:18 pm

XPOF

Xponential Fitness, Inc. (NYSE:XPOF) has completed the divestiture of STRIDE Fitness to Stride Fitness Franchising, Inc., owned by Shaun Grove, President of Rumble Boxing. The move is part of Xponential's strategy to optimize its portfolio for profitable growth and long-term value creation. STRIDE Fitness represented less than 1% of Xponential's total studios, and the divestiture is not expected to materially impact 2024 revenues. Xponential is now searching for Grove's successor as President of Rumble Boxing, with Grove staying on until a replacement is found.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 2:06 pm

TDC

HCA Healthcare is migrating certain operational data and analytic workloads to Teradata VantageCloud on Google Cloud, enhancing its cloud data strategy. This move is part of a long-standing partnership between HCA Healthcare and Teradata, aiming to advance digital capabilities across HCA's extensive network of healthcare services. The collaboration is expected to drive innovation, insights, and outcomes by leveraging Teradata's secure and scalable platform.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 2:04 pm

AMLX

Amylyx Pharmaceuticals will present updates on its AMX0114 and RELYVRIO programs for ALS at the 2024 Muscular Dystrophy Association Clinical and Scientific Conference. This indicates progress in their ALS treatment research.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 2:04 pm

CLSK

CleanSpark Inc. (NASDAQ:CLSK) announced the completion of the first 100 MW phase of its expansion in Sandersville, Georgia, increasing its operating hashrate to over 14 EH/s. This expansion not only boosts CleanSpark's mining capabilities but also contributes to economic development and grid services in Georgia. The company's load is interruptible, offering flexibility to the local energy grid. CleanSpark's CEO, Zach Bradford, highlighted the rapid deployment of mining machines and the company's ongoing expansion into Mississippi.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 2:04 pm

LCID

Lucid Group, Inc. (NASDAQ:LCID) announced new pricing for its Lucid Air lineup, aiming to make electric vehicles more accessible. The Lucid Air Pure now starts at $69,900, with the Air Touring and Air Grand Touring priced at $77,900 and $109,900, respectively. Lucid is also offering two years of free scheduled maintenance and a $1,000 charging accessory allowance to enhance the ownership experience. The company's efforts are part of a broader strategy to increase EV adoption and reduce climate change impact.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 2:02 pm

BTCUSD

CSCO

ETHUSD

LMT

PFE

Cryptocurrencies surge with Bitcoin's market cap surpassing $1 trillion, potentially hitting $60K. US markets see mixed movements, with Cisco issuing a weak outlook. Global politics and economy updates include sanctions on Russia and BRICS nations challenging G7 dominance. Tech highlights include Uber's price target boost and Apple's AI chip advancements. Electric Vehicle sector notes Tesla's market strategies and challenges. New York City sues major social platforms over mental health concerns. Pfizer settles a lawsuit, and Lockheed Martin faces budget cuts on F-35 orders.

Portfolio Pulse from Akanksha Bakshi

February 15, 2024 | 2:02 pm