Streetbeat News

Corporate Responsibility

MDRX

Veradigm shares have declined following the announcement of a leadership transition within the company.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 3:54 pm

VRNOF

Martin Luther King III spoke at the D.I.C.E. mixer in Las Vegas, advocating for equity and inclusion in the cannabis industry. He emphasized the importance of creating successful businesses and entrepreneurs to combat poverty, racism, and violence. The event was sponsored by Cannabis Workers Rising and featured discussions on labor force empowerment in the Black cannabis community. King expressed support for cannabis workers and the importance of fair treatment. Unionization in the cannabis industry is growing, with Verano Holdings Corp.'s Zen Leaf dispensary workers in Chicago recently voting to join Teamsters Local 777.

Portfolio Pulse from Jelena Martinovic

December 08, 2023 | 3:50 pm

ALXO

BITF

CURV

MBI

VIRC

Torrid Holdings Inc. reported better-than-expected Q3 results and raised FY23 guidance, causing its shares to jump 22.3%. MBIA Inc. declared an $8.00 per share extraordinary dividend, leading to a 63.8% share increase. Other stocks like ALX Oncology, Virco Mfg., and Bitfarms also saw significant gains after positive upgrades, earnings reports, and corporate actions.

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 3:40 pm

AVTR

Avantor's stock price is on the rise after the company's investor day, where it introduced a new strategic operating model and a multi-year cost optimization plan. Additionally, Avantor reaffirmed its fiscal year 2023 guidance.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 3:40 pm

DX

Dynex Capital has announced the appointment of its CEO, Byron Boston, as the new Chairman of the Board. He will be succeeding Michael Hughes in this role. The change in leadership positions within the company could signal a strategic shift or continuity in corporate governance, depending on Boston's vision for Dynex Capital.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 2:58 pm

MSFT

VRSSF

A former Microsoft product leader has joined VERSES to assist in launching their AI Developer Platform. This move could signal VERSES' commitment to advancing its AI technology and expanding its market presence.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 2:42 pm

CCI

Crown Castle Inc (NYSE:CCI) announced the retirement of CEO Jay Brown, effective January 16, 2024, amid pressure from activist investor Elliott Investment Management, which disclosed a $2 billion position in the company. Anthony Melone has been appointed as interim CEO. Elliott has called for significant changes and may nominate a new Board if necessary. The company recently reported Q3 sales that missed estimates and a year-over-year decline in funds from operations. CCI shares rose 1.20% in premarket trading.

Portfolio Pulse from Lekha Gupta

December 08, 2023 | 1:57 pm

MDRX

Veradigm, a healthcare information technology solutions company, has announced changes in its executive leadership. Greg Garrison has been appointed as the Executive Chairman, while Dr. Shih-Yin Ho steps in as the Interim CEO. Additionally, Lee Westerfield has been named the Interim CFO. These changes come as the company continues to navigate the healthcare IT landscape.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 1:46 pm

CVX

Chevron has announced its capital expenditure budget for 2024, setting it at $16 billion. This financial plan outlines the company's intended investments and spending for the upcoming year, which is crucial information for investors as it reflects the company's strategic priorities and growth prospects.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 1:09 pm

CCI

Elliott Management has expressed approval of the new leadership transition at Crown Castle, indicating it as a positive step. Elliott looks forward to further dialogue with Crown Castle's board about additional necessary actions.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 12:08 pm