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Corporate Responsibility

SIEN

Sientra, Inc. is pursuing a sale through a voluntary Chapter 11 bankruptcy process, planning to use its cash reserves and $22.5 million in new debtor-in-possession financing from existing lenders. This financing includes a 'roll up' of $67.5 million of prepetition debt. The company aims to continue its operations during this process.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:37 pm

OMF

OneMain Holdings, Inc. (NYSE:OMF) announced the appointment of Jenny Osterhout as CFO and Micah Conrad as COO, effective March 31, 2024. Osterhout, currently Chief Strategy Officer, and Conrad, the current CFO, have been recognized for their contributions to the company's growth and expansion into new products. Conrad will replace Rajive Chadha, who transitions to a Senior Advisor role. The leadership changes are part of OneMain's strategy to continue delivering shareholder value and expanding its product offerings.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:35 pm

MDRX

Veradigm Inc. (NASDAQ:MDRX), in partnership with the American College of Cardiology (ACC), has launched TRANSFORM VAX, an initiative aimed at improving cardiovascular health through increased influenza vaccination education. The initiative leverages Veradigm's healthcare data and technology solutions to deliver ACC-sponsored vaccination education messaging to cardiology practices. This effort is supported by the CDC/HHS and seeks to address the implementation gaps in influenza vaccination for patients with cardiovascular disease, which is associated with a significantly lower risk of adverse cardiovascular events.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:14 pm

VAXX

Vaxxinity announced it will present clinical and preclinical pipeline data at the AD/PD 2024 conference. This event is significant for showcasing advancements in Alzheimer's and Parkinson's disease research.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:13 pm

MSFT

Microsoft Corporation's AI upgrade, Copilot for Microsoft 365, faces skepticism from testers over its $30 per user price tag. Despite being built on OpenAI's ChatGPT technology and designed to enhance productivity in applications like Word, Outlook, and Teams, early feedback suggests it may not fully justify its cost. Microsoft has not released sign-up figures but claims high early demand. This development is part of Microsoft's broader AI strategy, which includes significant investments and the introduction of AI-powered products and subscriptions.

Portfolio Pulse from Benzinga Neuro

February 13, 2024 | 1:08 pm

LOCO

SFIX

El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) has announced the appointment of Liz Williams as its new CEO and Board member, effective March 11, 2024. Williams, with extensive experience in leading high-growth businesses, succeeds Maria Hollandsworth, who becomes President and COO. Williams' background includes roles at Outfox Hospitality, Foxtrot, Dom's Kitchen and Market, Drybar, and Taco Bell. Her appointment is seen as a strategic move to leverage her experience for El Pollo Loco's growth.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:04 pm

TBLT

ToughBuilt Industries, Inc. (NASDAQ:TBLT) aims for positive operating cash flow by Q3 2024 through new product sales, cost-saving measures, and price adjustments. The company is focusing on streamlining operations, exploring market expansion, and partnering with global retailers. CEO Michael Panosian highlighted growth in revenue, gross margins, and SG&A expense management as key factors.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:02 pm

WBX

Wallbox (NYSE:WBX) announced the start of production for its UL certified DC fast EV charger, Supernova 180, designed for North America. This third-generation charger follows the successful rollout of Supernova 60 and 150 in Europe. Supernova 180 offers up to 180 kW of charging power, enabling 100 miles of range in under 10 minutes. It features an innovative modular design for easy upgrades and improved uptime, and has won the Good Design and IF Design Award for its minimalist design. The charger is compatible with CCS1 and NACS connectors and is expected to be available in 2024. Wallbox has sold over 2,000 Supernova chargers globally, contributing to over 150,000 charging sessions.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 12:55 pm

PSX

Phillips 66 (NYSE:PSX) has appointed Robert W. Pease to its Board of Directors, effective immediately, expanding the board to 14 directors, with 12 being independent. This decision follows a constructive dialogue with Elliott Investment Management L.P., with whom Phillips 66 has also agreed to identify a second mutually agreed director in the coming months.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 12:52 pm

BHIL

FAMI

As of Feb. 13, 2024, Farmmi, Inc. (FAMI) and Benson Hill, Inc. (BHIL) in the consumer staples sector are considered overbought with RSI values of 91.39 and 70.98, respectively. FAMI's stock rose 19% over five days after CFO Lingge Wu's resignation, while BHIL's stock increased 23% following a narrower-than-expected quarterly loss and strategic shifts to an asset-light business model.

Portfolio Pulse from Avi Kapoor

February 13, 2024 | 12:38 pm