Streetbeat News

Corporate Responsibility

BA

Families of Boeing 737 Max crash victims are urging the DOJ to impose a $25 billion fine on Boeing Co. (NYSE:BA) following two fatal crashes. The demand comes amid increased scrutiny and criticism of Boeing's leadership. The DOJ has until July 7 to decide on the punishment, which could include criminal charges or a new deal with additional conditions.

Portfolio Pulse from Benzinga Neuro

June 20, 2024 | 11:28 am

SABS

SAB Biotherapeutics (NASDAQ:SABS) has rebranded as SAB BIO to align with its focus on developing therapies for type 1 diabetes. The rebrand includes a new name, logo, and website updates. The company will present at the American Diabetes Association 84th Scientific Sessions in June 2024 and has confirmed its fiscal year 2024 outlook and upcoming milestones, including a topline data readout from its Phase 1 study of SAB-142.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 11:24 am

LL

F9 Investments, owning 8.85% of LL Flooring, sent a letter to shareholders correcting alleged distortions and attacks by LL Flooring's board. F9 criticizes the board for poor performance and urges shareholders to vote for F9's director nominees to restore value.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 11:23 am

BRAZ

FTRI

PBR

Petrobras' new CEO, Magda Chambriard, has committed to enhancing Brazil's economy and ensuring the company's profitability. She aims to accelerate Petrobras' $102 billion investment plan for 2024-2028, which could create hundreds of thousands of jobs. Chambriard does not foresee changes in senior management and has highlighted the national importance of a basin in Brazil's Equatorial Margin. Investors can gain exposure to Petrobras through ETFs like Global X Brazil Active ETF (BRAZ) and First Trust Indxx Global Natural Resources Income ETF (FTRI).

Portfolio Pulse from Lekha Gupta

June 20, 2024 | 10:57 am

META

A report reveals that Instagram's algorithm continues to recommend sexually explicit content to teen accounts, despite Meta's promises to provide an age-appropriate experience. Tests showed that within minutes of logging in, teens were exposed to adult content. Meta dismissed the findings as unrepresentative. Similar tests on Snapchat and TikTok did not yield the same results.

Portfolio Pulse from Benzinga Neuro

June 20, 2024 | 10:48 am

MASI

Masimo has issued a statement to clarify the 'Background of the Solicitation' section in Politan's proxy statement related to Masimo's upcoming annual meeting of stockholders.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 10:09 am

BCLI

BrainStorm Cell Therapeutics Inc. (NASDAQ:BCLI) has appointed Dr. Haro Hartounian as its new EVP and COO, effective June 18, 2024. Dr. Hartounian brings over 32 years of experience in the biopharmaceutical industry, particularly in cell and gene therapy, and will oversee all operational aspects of the company.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 10:05 am

TGT

Target Corporation (NYSE:TGT) is launching a new generative AI tool called Store Companion to enhance store team efficiency and customer experience across its nearly 2,000 stores by August. This initiative aims to improve team productivity and guest engagement, supporting Target's long-term growth strategy.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 10:03 am

RDNT

Maryland has enacted new laws to expand access to cancer screening, supported by RadNet, Inc. (NASDAQ:RDNT). The laws, effective in 2025, aim to make breast and lung cancer screenings more affordable and accessible, ensure qualified professionals perform x-ray exams, and launch a public education campaign on cancer prevention.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 10:02 am

ALK

Alaska Airlines has started operations at the new Harvey Milk Terminal 1 at San Francisco International Airport (SFO), offering a modern and seamless travel experience for its guests.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 9:48 am