Streetbeat News

Corporate Responsibility

DIS

Activist investor Nelson Peltz, with the support of former Marvel boss Ike Perlmutter, is making a second attempt to gain seats on Disney's board. Perlmutter, whose shares are controlled by Peltz's Trian Fund Management, is critical of Disney's recent performance, citing a $70 billion loss in shareholder value. CEO Bob Iger, who returned after Bob Chapek's short tenure, has made strides in reducing debt and reinstating dividends. Blackwells Capital's Jason Aintabi supports Iger, opposing Peltz's approach. Despite a 10% rally in November, Disney's shares are down 40% over three years.

Portfolio Pulse from Neil Dennis

December 01, 2023 | 6:43 pm

WEN

Wendy's stock (WEN) is experiencing an uptick after Reuters reported that activist investor Blackwells Capital is intending to nominate directors to the company's board.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 6:17 pm

WEN

Activist investor Blackwells Capital is reportedly planning a challenge to the board of directors at Wendy's. This move could signal a push for changes within the company's operations or strategic direction. The involvement of an activist investor often leads to increased scrutiny of a company's performance and can result in significant shifts in governance and strategy.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 6:00 pm

AZN

LLY

NVO

SNY

The European Medicines Agency (EMA) is seeking further clarifications from makers of GLP-1 receptor agonists, including Novo Nordisk's Ozempic and Wegovy, to investigate reports of suicidal thoughts. The PRAC has reviewed evidence from various sources and will discuss the issue in April 2024. Reports of suicidal ideation linked to these drugs, including cases from Iceland and off-label prescriptions in the U.S., have prompted this action. Companies affected include Novo Nordisk, AstraZeneca, Sanofi, and Eli Lilly.

Portfolio Pulse from Vandana Singh

December 01, 2023 | 5:43 pm

WMT

A Walmart spokesperson stated that the company is not advertising on platform X, having found alternative platforms that more effectively reach their customer base.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 5:12 pm

AMPE

GCO

POLA

Genesco Inc. shares fell by approximately 20% following their quarterly results. The article also lists other stocks that moved significantly in Friday's mid-day session, categorizing them as gainers and losers. Notable gainers include Harbor Custom Development, Altimmune, and Elastic N.V., which rose due to positive trial results, financial results, and guidance, respectively. Among the losers, Polar Power experienced a significant drop after pricing a public offering, and Ampio Pharmaceuticals fell after a previous surge. The article provides a snapshot of the mid-day stock movements, highlighting the volatility and market reactions to company-specific news and broader market trends.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 5:04 pm

Electronic Arts (EA) has announced the open-sourcing of IRIS, a photosensitivity analysis tool, and the pledging of four additional accessibility-related video game patents. IRIS helps identify potential photosensitivity issues in games, benefiting players with epilepsy or similar conditions. The tool is already used in EA SPORTS titles and will be expanded to more content. EA's patent pledge allows free access to patented accessibility technologies, supporting players with disabilities and promoting inclusive gaming. The patents cover systems for automated player control, adaptive tutorials, route navigation, and personalized coaching. EA's initiatives, including the accessibility portal and previous patent pledges, have been positively received by the gaming community.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 4:13 pm

VSTO

Vista Outdoor Inc (NYSE: VSTO) announced leadership changes with the resignation of Gary L. McArthur as Interim CEO, effective December 1, 2023. McArthur will continue as an independent Director. Eric Nyman and Jason Vanderbrink have been appointed as Co-CEOs, with no additional compensation for their new roles. Additionally, Andrew Keegan has been appointed as CFO after serving as Interim CFO since November 2022. VSTO shares saw a slight decline of 0.51% to $28.07.

Portfolio Pulse from Shivani Kumaresan

December 01, 2023 | 4:09 pm

ESTC

IOT

MARA

PATH

ULTA

Ulta Beauty, Inc. (ULTA) shares surged by 10.8% to $471.97 after reporting strong third-quarter sales and raising its full-year profit and sales forecasts. CFO Scott Settersten announced his retirement effective April 1, 2024. Other stocks also moved higher, including Elastic N.V. (ESTC), UiPath Inc. (PATH), and Samsara Inc. (IOT), following positive financial results and guidance. Stocks like GigaCloud Technology Inc. (GCT), CleanSpark, Inc. (CLSK), and Marathon Digital Holdings Inc. (MARA) also saw gains, with MARA benefiting from a surge in Bitcoin prices.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 4:02 pm

BNBUSD

Binance (CRYPTO: BNB) reportedly briefed 'VIP' traders about an impending $4 billion settlement with U.S. authorities at a private dinner in Singapore. The company's CEO, Richard Teng, engaged with guests, discussing the settlement and the company's future. Binance founder Changpeng Zhao faces a criminal charge with potential sentencing in February. Despite legal challenges, Binance reassures its commitment to growth and partnerships. The legal cases are registered in the U.S. District Court, Western District of Washington, Seattle.

Portfolio Pulse from Murtuza Merchant

December 01, 2023 | 3:46 pm