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NVAX

Novavax shares are trading higher following the announcement of a settlement with Gavi for its 2021 vaccine advance purchase agreement. This development could potentially impact investor sentiment and the stock's short-term performance.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 3:28 pm

CMLS

Cumulus Media Inc. (NASDAQ:CMLS) has implemented a limited-duration shareholder rights plan, effective immediately until February 20, 2025, in response to Renew Group Private Ltd.'s significant stock accumulation. The plan aims to protect shareholder interests and ensure fair treatment in potential takeovers, following Renew Group's intent to acquire 20% of Cumulus Media. The board, with advisors, decided this was necessary to prevent control without a fair premium to shareholders.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:55 pm

ACVA

ACV Auctions' stock price increased following the announcement of better-than-expected Q4 financial results and the settlement of its antitrust litigation concerning the AutoIMS technology platform.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:40 pm

RILY

B. Riley Financial's board issued a statement following an internal review by the Audit Committee, affirming that the company acted properly in the management-led buyout of FRG. The statement also clarified that B. Riley Financial and its executives had no involvement with or knowledge of the alleged Prophecy misconduct.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:36 pm

NVAX

Novavax has settled with Gavi over the 2021 Advance Purchase Agreement for its Covid-19 vaccine, NVX-COV2373. The settlement includes an initial payment of $75 million, deferred payments totaling $400 million through 2028, and up to $225 million in additional vaccine credits for low-income countries. This agreement emphasizes both parties' commitment to public health and equitable vaccine distribution.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:06 am

ALIT

Alight has announced receiving director nominations from Starboard Value and advises its stockholders not to take any action currently.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:03 am

AVNS

Avanos Medical has initiated a voluntary recall of specific lots of its MIC* Gastric – Jejunal Feeding Tube Kits due to a related recall by Nurse Assist for potential lack of sterility in their sterile water products. This action is in response to concerns that non-sterile water could pose infection risks to patients. The FDA has reported adverse events associated with Nurse Assist products, but Avanos has not received direct reports of adverse events.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 6:53 am

BA

Boeing Co (NYSE:BA) is undergoing a leadership change in its 737 Max program following a recent incident where a door panel blew out during an Alaska Airlines flight. Ed Clark, the current head, will be replaced by Katie Ringgold, with Elizabeth Lund taking a new senior VP of quality role. This comes amid a series of challenges for Boeing, including quality issues, delivery delays, and intensified FAA inspections.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 6:16 am

NPSCY

X

A Reuters poll indicates nearly half of Japanese companies view a potential Trump presidency as a business risk, primarily due to concerns over protectionist policies. The apprehension stems from Trump's stance on blocking the acquisition of United States Steel Corporation (NYSE:X) by Nippon Steel Corporation (OTC:NPSCY), which could impact future acquisitions and shareholder interests in U.S. Steel.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 2:06 am

NVDA

Nvidia has received requests for information from antitrust regulators in France, the European Union, the United Kingdom, and China regarding its GPU sales and supply allocation efforts. This development could indicate regulatory scrutiny over Nvidia's business practices in these regions.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:09 pm