Streetbeat News

Partnerships

LPTV

Loop Platform reported a significant growth in Q2 2024, with a 108% YoY increase in partner screens, reaching 50,000 across partner platforms.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:37 pm

AGAE

Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE) announced significant changes to its Board of Directors and management team, effective April 30, 2024. Mr. Yangyang Li has been appointed as President and will continue as Chairman of the Board, while resigning from his roles in the Compensation Committee and as Chair of the Nominating and Corporate Governance Committee. Ms. Chi Zhao joins as an independent director and takes on roles within the Board, including Chair of the Nominating and Corporate Governance Committee. Ms. Yinghua Chen and Mr. Adam Pliska have resigned as directors, with Chen continuing as CEO. The company aims to focus on mergers and acquisitions, strategic partnerships, investment in Asia, and legal proceedings under the new leadership structure.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:11 pm

PARA

SONY

Paramount is reportedly stepping back from its deal with Skydance, creating uncertainty about the future collaboration between the two. This move could affect Paramount's strategic positioning and content pipeline, as Skydance has been a significant content provider.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 7:33 pm

FMAO

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) announced Andrew Briggs as the new Chairman of the Board, succeeding Jack Johnson who is retiring due to age requirements. Briggs, with over 40 years in banking and significant community involvement, brings a wealth of experience to FMAO. The company highlights its succession planning and board renewal efforts, with over half of the current board members having joined since 2016. Lars Eller, CEO, praised both Briggs' appointment and Johnson's contributions.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 7:17 pm

CELH

Celsius Holdings (NASDAQ:CELH) has seen significant options activity, indicating mixed sentiment among high-rolling investors, with 25% bullish and 50% bearish. The activity includes 8 trades, with a notable put for $70,461 and 7 calls totaling $516,917, suggesting a price range of $55.0 to $100.0. Celsius Holdings, known for its energy drinks, has a 20-year distribution agreement with PepsiCo. The stock is currently up 2.48% at $76.22, with neutral RSI indicators and upcoming earnings in 4 days. Analyst ratings from Stifel and Wedbush give an average target price of $92.5.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 7:16 pm

USB

U.S. Bancorp (NYSE:USB) has appointed Gunjan Kedia as its new president, a role in which she will oversee the company's three business lines to promote growth and enhance client experiences. Kedia, with over 30 years in financial services, has been with U.S. Bank since 2016, contributing significantly to its growth and diversity efforts. She reports to Andy Cecere, chairman and CEO, and aims to continue driving success across all business lines.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 6:31 pm

BA

LUV

Southwest Airlines is planning to offer reduced hours to pilots in response to delays in aircraft deliveries from Boeing, according to sources cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 6:02 pm

IBRX

MRK

ImmunityBio Inc (NASDAQ:IBRX) announced an exclusive global supply agreement with the Serum Institute of India for Bacillus Calmette-Guerin (BCG) to address shortages for its bladder cancer combination therapy with Anktiva. The FDA approved Anktiva plus BCG for certain bladder cancers in April. The deal includes the supply of standard BCG and a next-generation recombinant BCG for clinical trials and future indications. ImmunityBio's shares slightly declined following the announcement.

Portfolio Pulse from Vandana Singh

May 03, 2024 | 4:19 pm

SGBX

Safe & Green Holdings (NASDAQ:SGBX) shares surged 149% to $7.30 after announcing its SG Echo subsidiary is set to deliver its first sustainable modular unit to a quick-service restaurant in the Pacific Northwest. The unit has passed its final plant inspection and is scheduled for shipment in Q2 2024. The company's strategic location in Durant, OK, is emphasized for its nationwide commercial market service capability.

Portfolio Pulse from Henry Khederian

May 03, 2024 | 4:03 pm

PLUG

Plug Power Inc. shares are experiencing an uptick following the announcement of a Memorandum of Understanding (MOU) with Allied Green Ammonia. This agreement involves the supply of 3GW of electrolyzers for a green ammonia production facility, highlighting Plug Power's expanding role in the green energy sector.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 3:56 pm