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Corporate Responsibility

ALSN

OSK

Allison Transmission has been chosen by Oshkosh Corporation to supply electric axles for North America's first fully integrated, zero-emission electric refuse collection vehicle. The Allison eGen Power 100S e-Axles will be used in the McNeilus Volterra ZSL electric refuse vehicle, offering environmental benefits and quieter operation. Oshkosh selected Allison for its performance, efficiency, reliability, and customer support network. This marks the first implementation of eGen Power electric axles in refuse collection vehicles, reinforcing Allison's leadership in the North American refuse market.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:34 pm

AXON

Axon (NASDAQ:AXON) has launched Axon Body Workforce, a new body camera for frontline workers in retail and healthcare. Trials show a significant reduction in incident escalations, with one retailer reporting a 53% reduction. The camera integrates with Axon's real-time operations and evidence management technology. Axon's technology is now used in 33% of U.S. hospitals, and the company plans to continue partnerships to enhance frontline worker safety.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:31 pm

PRG

PROG Holdings has announced measures to reduce costs, including workforce reductions, termination of certain independent sales agent agreements, and office space consolidation. These actions are expected to yield approximately $15 million in annualized pre-tax savings.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:26 pm

SCHL

Scholastic Corporation and its CEO and President, Peter Warwick, have mutually agreed to extend Warwick's term of employment for an additional year, from August 1, 2024, to July 31, 2025, according to a recent filing.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:24 pm

FRHC

Freedom Holding Corp. (FRHC) announced the completion of an external review into allegations made by Hindenburg Research in a short-seller report. The review, conducted by Morgan, Lewis & Bockius LLP and Forensic Risk Alliance, found no evidence supporting the allegations of illegal or improper practices, sanctions evasion, or market manipulation. The review did recommend further enhancements to the company's procedures, which the board has accepted and begun to implement. FRHC's growth was attributed to organic growth, acquisitions, and trading gains, and the company maintains robust sanctions and AML policies.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:21 pm

EVTV

Envirotech Vehicles (EVTV) has been awarded an $8.57 million grant from the EPA's Clean School Bus Program to supply 25 fully electric school buses. This grant is part of a broader initiative to reduce greenhouse gas emissions and promote the use of electric vehicles in school transportation.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:18 pm

CACC

Credit Acceptance Corporation (CACC) has announced the promotion of Jay Martin to the position of Chief Financial Officer (CFO), effective January 23, 2024. This executive change is part of the company's leadership transition plan.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:02 pm

AAPL

AMZN

Apple Music is increasing royalties for music available in Spatial Audio by 10% to incentivize higher quality content and fair compensation for artists. This change, effective from a Jan. 22 update, applies even if subscribers don't listen in Spatial Audio format. Over 90% of Apple Music listeners have experienced Spatial Audio, with a significant increase in plays and available songs since its launch in June 2021. Amazon Music Unlimited also offers Spatial Audio, while Spotify may introduce a premium tier with high-quality music and AI playlist features.

Portfolio Pulse from Franca Quarneti

January 25, 2024 | 8:49 pm

GM

A third-party probe into GM's Cruise revealed issues with leadership and culture following an October accident involving a pedestrian. The 105-page report, based on interviews with 88 employees and review of over 200,000 documents, found no intent to deceive regulators but identified failures in communication and accountability. Cruise's robotaxi fleet remains grounded, with leadership changes and layoffs following the incident. The company is cooperating with multiple investigations and has updated its software to address the issues identified.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 8:27 pm

CRLBF

GNLN

Weldon Angelos, once imprisoned for nonviolent drug offenses, has significantly influenced drug legislation and received a pardon from President Trump in 2020. Post-release, he founded The Weldon Project in LA, supported by companies like Kush Co. (OTC:GNLN) and Cresco (OTC:CRLBF). Angelos advocates for cannabis law reform, clemency for cannabis offenses, and the reduction of federal sentencing guidelines for marijuana offenses. His efforts include working with the Biden administration and organizing symposiums to establish criteria for commuting sentences.

Portfolio Pulse from Nicolás Jose Rodriguez

January 25, 2024 | 8:16 pm