Streetbeat News

Corporate Responsibility

AAPL

GS

Apple Inc. (AAPL) has increased the interest rate for its Apple Card Savings Account to 4.25% APY, surpassing the industry average but still below some high-yield savings accounts like Goldman Sachs's Marcus account at 4.50% APY. The rate hike follows Apple's decision to end its financial services partnership with Goldman Sachs Group Inc. (GS), amid reports of seeking a new partner for Apple Card operations, potentially with Brazilian fintech Pismo.

Portfolio Pulse from Benzinga Neuro

December 21, 2023 | 12:54 pm

SLGC

Madryn Asset Management, which holds 4.2% of SomaLogic shares, has issued a letter to shareholders highlighting false and misleading statements in the December 19 investor presentation regarding the proposed merger with Standard BioTools.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 12:37 pm

AA

Alcoa Corporation has announced the appointment of Matt Reed as its Executive Vice President and Chief Operations Officer, effective January 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 12:35 pm

PCRX

Pacira BioSciences has appointed Paul Hastings as the new Chair of the Board, effective January 2, 2024. David Stack, the current CEO and Chairman, will retire on January 1, 2024, but will stay on as an advisor until August 2025.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 12:34 pm

PCRX

Pacira BioSciences has announced the appointment of Frank D. Lee as CEO and a member of the Board, effective January 2, 2024. This strategic leadership change is aimed at driving the company's growth and innovation.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 12:33 pm

BABA

PDD

Alibaba Group Holding Limited (NYSE:BABA) is experiencing a positive stock movement following the appointment of Eddie Wu as the head of its core Chinese e-commerce platforms, Tmall and Taobao. The change is part of Alibaba's strategy to address challenges and competition, particularly from PDD Holdings Inc (NASDAQ:PDD). Alibaba is refocusing on its cloud and e-commerce sectors, with potential sales of non-core assets ahead. Freshippo, Alibaba's supermarket chain, is adjusting its strategy to enhance price competitiveness amid a shift in China's middle-class spending habits. BABA shares were up 1.99% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

December 21, 2023 | 12:21 pm

SVFD

Save Foods, through its subsidiary Nitrousink, has initiated a controlled trial to test its solution aimed at reducing greenhouse gas emissions, particularly nitrous oxide.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 12:13 pm

APCX

AppTech Payments Corp. has engaged CORE IR for investor relations and shareholder communications services to enhance its visibility and outreach to the investment community.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 12:11 pm

OFIX

Orthofix Medical Inc. (NASDAQ:OFIX) announced the publication of new data supporting the use of PEMF stimulation with their SpinalStim device in lumbar spine fusion procedures. The study, published in the International Journal of Spine Surgery, showed successful fusion and significant improvements in patients at risk of pseudarthrosis.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 12:05 pm

ARKO

ARKO Corp has announced the appointment of Robert E. Giammatteo as its Executive Vice President and CFO, effective January 2, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 12:05 pm