Streetbeat News

Corporate Responsibility

IRON

Disc Medicine, Inc. (NASDAQ:IRON), a clinical-stage biopharmaceutical company, announced the appointment of Jean Franchi as Chief Financial Officer and the promotion of Jonathan Yu to Chief Operating Officer. Franchi brings over 30 years of finance leadership experience, having previously served as CFO for several biotechnology companies. She will be responsible for finance, investor relations, and leading the company's financial strategy. The company also granted Franchi an inducement equity award in line with NASDAQ Listing Rule 5635(c)(4).

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 1:05 pm

NYCB

New York Community Bancorp, Inc. (NYSE:NYCB) saw its shares rise in premarket trading on Wednesday, following a 22% drop on Tuesday due to a Bloomberg report about a forced dividend cut and increased provisioning. The slump was further exacerbated by Moody's downgrading the bank's ratings. However, the bank has since reassured investors by highlighting its strong liquidity position and the steps it has taken to enhance its risk management framework.

Portfolio Pulse from Shanthi Rexaline

February 07, 2024 | 1:01 pm

AAPL

MSFT

Rubén Caballero, a former Apple Inc. executive, has reportedly left his position at Microsoft Corp., where he was leading device engineering for mixed reality and AI since 2020. His departure, not officially announced, comes as Microsoft shifts focus towards artificial intelligence, canceling several hardware projects. This move could influence Microsoft's future direction in mixed reality and AI, areas where the company has been making significant strides.

Portfolio Pulse from Benzinga Neuro

February 07, 2024 | 12:49 pm

NYCB

New York Community Bancorp has appointed Alessandro (Sandro) Dinello as its Executive Chairman, effective immediately. This strategic move aims to leverage Dinello's extensive experience in the banking sector to guide NYCB through its next phase of growth and development.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:48 pm

COEP

Coeptis Therapeutics announced plans to pursue DVX201, its proprietary platform for allogeneic stem cell expansion and directed differentiation, as an antiviral treatment for various respiratory viral infections. This move highlights the company's focus on leveraging its platform to address a broad spectrum of viral challenges.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:40 pm

HUT

Hut 8 Corp announced the immediate departure of CEO Jaime Leverton and appointed Asher Genoot as the new CEO. This change follows the completion of the company's merger of equals, signaling a new strategic direction.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:31 pm

SMG

ScottsMiracle-Gro reaffirmed its non-GAAP fiscal 2024 guidance, excluding Hawthorne net sales adjustments. The company is focusing on a Signature product strategy for Hawthorne, aiming at fewer but more profitable brands.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:01 pm

AULT

Ault Alliance has decided not to pursue new acquisitions in 2024 but may continue making strategic investments. The company aims to maximize the value of its existing assets and has taken steps to reduce its total headcount, expecting to save over $2 million in payroll expenses for 2024.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 11:32 am

TGT

Target is considering the introduction of a paid membership program akin to Amazon Prime, aiming to enhance customer loyalty and compete more effectively with Amazon and Walmart's subscription services. This strategic move could potentially increase Target's revenue and customer base by offering exclusive benefits to members.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 11:21 am

HOLO

MicroCloud Hologram announced its intention to join the Communications Industry Association, signaling a strategic move to expand its presence in the communications sector.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 10:58 am