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DIS

Doctor Who's showrunner, Russell T. Davies, has debunked rumors of a collaboration between Doctor Who and Epic Games' Fortnite, calling it a 'complete myth'. Despite his statement, some fans remain hopeful due to previous leaks suggesting a crossover. Meanwhile, Walt Disney Co. has invested $1.5 billion in Epic Games, aiming to expand Fortnite's universe. However, Epic Games recently laid off 16% of its workforce, citing excessive spending.

Portfolio Pulse from Franca Quarneti

February 13, 2024 | 2:01 am

WM

Waste Management forecasts a 6%-7% revenue growth for 2024, with adjusted operating EBITDA expected to range between $6.275 to $6.425 billion. This includes an increase of approximately $450 million at the midpoint, incorporating about $115 million from sustainability growth investments.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 11:10 pm

DIS

Disney has officially stated that its board does not endorse the nominees from The Trian Group or The Blackwells, and is urging shareholders to vote using the white proxy card. This indicates a clear stance against the proposed nominees from these groups, suggesting a potential conflict or disagreement with their vision or proposals for the company.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 10:56 pm

BB

BlackBerry announced further cost-reduction actions within its Cybersecurity business, including headcount reductions expected to save $27 million annually and other actions for an additional $8 million in savings. Despite a seasonal low in cash for the first fiscal quarter, BlackBerry aims to maintain a positive net cash position throughout the fiscal year and achieve operating cash flow positivity by Q4 FY25.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 10:51 pm

DIS

The Disney Board has issued a letter to its shareholders, highlighting the company's strong performance and its dedication to enhancing long-term shareholder value. This move is indicative of Disney's proactive approach to communication with its investors and its focus on sustaining growth and profitability.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 10:47 pm

TSE

Trinseo anticipates a net loss from continuing operations of $77M-$67M and an Adjusted EBITDA of $40M-$50M for Q1 2024. Despite facing demand drops since Q3 2022 and macroeconomic uncertainties, the company expects improved sequential profitability in Q1 2024, attributed to stronger order loads. However, Q1 is seen as the year's low point due to seasonal factors and turnaround activities. Trinseo has undertaken cost reduction and manufacturing footprint initiatives, extended debt maturities to 2028, and plans to enhance manufacturing flexibility and invest in high-value products and sustainable solutions.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:49 pm

OGEN

Oragenics has announced a mutual separation agreement with CEO Kimberly Murphy, who will remain on the board of directors. Charlie Pope will serve as Executive Chairman, and Michael Redmond has been appointed as Interim Principal Executive Officer, effective February 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:44 pm

TRIP

Tripadvisor's stock is trading higher following the announcement that it has established a Special Committee of independent board members to assess proposals.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:36 pm

AEP

American Electric Power (AEP) has entered into an agreement with Icahn Capital L.P., leading to the addition of Hunter C. Gary and Henry P. Linginfelter to its board. The agreement includes customary standstill, voting commitments, and other provisions.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:34 pm

TRIP

Tripadvisor has established a special committee of independent board members to assess proposals, indicating potential strategic changes or transactions.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:33 pm