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Corporate Responsibility

OPTT

Ocean Power Technologies (OPTT) has received a $1.2 million award from the New Jersey Economic Development Authority's Net Operating Loss Program. This program allows businesses to sell their net operating losses and unused research and development tax credits to unrelated profitable corporations.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:30 pm

AMG

Affiliated Managers Group (AMG) has announced the appointment of Reuben Jeffery III as the Chair of its Board of Directors, effective January 26, 2024. This strategic move is expected to provide leadership and direction for the company's future endeavors.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:21 pm

CRL

Charles River Laboratories has introduced Endosafe Trillium, the first rapid animal-free bacterial endotoxin test. This innovation offers an alternative to traditional methods, aligning with sustainability and animal welfare commitments.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:15 pm

CING

Cingulate has appointed Jennifer Callahan as its new CFO, replacing Lou Van Horn. This change in the company's financial leadership could signal a strategic shift or a strengthening of its financial management.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:12 pm

VEEE

Twin Vee PowerCats, Inc. is implementing organizational realignment initiatives aimed at reducing overhead costs and rightsizing operations in anticipation of the 2025 model year. These changes are expected to improve the company's financial performance by aligning its operations more closely with market demand.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:06 pm

HOOK

HOOKIPA Pharma is refocusing its business priorities to advance the clinical development of HB-200 for HPV16+ head and neck cancers and to continue its infectious disease programs in partnership with Gilead. The company will regain global development rights to the HB-700 program for KRAS-mutated cancers from Roche but remains eligible for a milestone payment upon IND submission. To reduce costs, HOOKIPA will reduce its workforce by approximately 30%. Despite these changes, HOOKIPA reports a strong cash position of $117.5 million as of the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:05 pm

HCMLY

Swiss building materials giant Holcim Ltd (OTC:HCMLY) plans to list its North American operations on the NYSE, targeting a $30 billion valuation. The spin-off is slated for completion in the first half of 2025. Miljan Gutovic will become CEO on May 1, succeeding Jan Jenisch, who will become chairman and oversee the U.S. listing. Holcim's U.S. business aims to grow annual sales from $11 billion to over $20 billion and achieve an operating profit above $5 billion by 2030.

Portfolio Pulse from Benzinga Neuro

January 29, 2024 | 12:34 pm

TCRX

TScan Therapeutics has announced the appointment of Jason Amello as its new Chief Financial Officer. This strategic move could signal the company's focus on strengthening its financial leadership as it progresses in its business operations and development.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 12:25 pm

MSFT

Microsoft CEO Satya Nadella is planning a visit to India on February 7 and 8 to explore AI opportunities, following Microsoft's commitment to harness technology in the region. The visit aligns with discussions from a June 2023 meeting with Indian PM Narendra Modi, focusing on AI to improve Indian lives and the startup ecosystem. Indian AI startups are preparing to meet Nadella. Microsoft's AI initiatives include a partnership with OpenAI, AI integrations in Office 365, and incorporating Bing into ChatGPT.

Portfolio Pulse from Arpit Nayak

January 29, 2024 | 12:10 pm

BOOM

DMC Global Inc. has initiated a strategic alternatives process for its DynaEnergetics and NobelClad businesses. This process could include a sale, merger, divestiture, or other options to enhance shareholder value. The company has not set a definitive timeline for the completion of this process.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 12:04 pm