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Kraft Heinz Co is considering selling its Oscar Mayer brand, with a potential sale price between $3 billion to $5 billion. The company has engaged Bank of America and Centerview Partners for the sale process, aiming to adapt to evolving consumer demands for healthier alternatives. This move is part of a broader strategy under CEO Carlos Abrams-Rivera to revitalize the company's portfolio amid challenges such as disappointing quarterly results and a more than 9% stock decline over the last 12 months.

Portfolio Pulse from Shivani Kumaresan

May 14, 2024 | 10:38 am

CGAU

Centerra Gold projects its FY24 gold production to be between 370,000 to 410,000 ounces.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:34 am

CHR

Cheer Holding has announced the launch of a new AI-generated sci-fi series titled 'Land of No Desires'.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:32 am

CLNE

Clean Energy Fuels Corp. (CLNE) and Maas Energy Works have announced a partnership to construct nine renewable natural gas (RNG) production facilities at dairy farms across seven states. This collaboration aims to enhance the production of RNG, a sustainable alternative to traditional natural gas, contributing to the reduction of greenhouse gas emissions. The initiative underscores both companies' commitment to environmental sustainability and positions CLNE as a key player in the RNG market.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:31 am

TSLA

Former Cruise CEO Kyle Vogt has raised $150 million for The Bot Company, co-founded with ex-Tesla AI head Paril Jain and former Cruise engineer Luke Holoubek. The startup, now valued at $550 million, aims to develop home robots for chores like cleaning and laundry. Key investors include Spark Capital and Nat Friedman. Jain's departure from Tesla, where he contributed to the Full Self-Driving software, is seen as a significant move to advance robotics beyond automotive applications.

Portfolio Pulse from Benzinga Neuro

May 14, 2024 | 10:29 am

INFY

Infosys has partnered with First Abu Dhabi Bank to enhance and modernize its IT infrastructure services. This collaboration aims to improve the bank's operational efficiency and customer service capabilities.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:19 am

MNOV

MediciNova has received a notice of allowance for a new patent covering MN-166 (Ibudilast) for the treatment of chlorine-induced acute respiratory distress syndrome. This patent, once issued, is expected to expire no earlier than January 2042, potentially extending the commercial exclusivity of MN-166.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:15 am

HBM

Hudbay Minerals projects its FY26 copper production to be between 134,000 and 168,000 tonnes, and gold production to range from 209,000 to 254,000 ounces.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:11 am

HBM

Hudbay Minerals projects its FY25 copper production to be between 132,000 and 172,000 tonnes, and gold production to range from 264,000 to 326,000 ounces.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:09 am

HBM

Hudbay Minerals projects its FY24 copper production to be between 137,000 and 176,000 tonnes, and gold production to range from 263,000 to 319,000 ounces.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:09 am