Streetbeat News

Corporate Responsibility

PFE

Pfizer's CEO has committed to taking all necessary actions to boost the company's earnings, indicating a strong focus on financial growth.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 5:32 pm

TVGN

Tevogen Bio has signed a letter of intent with CD8 Technology to build a $50M R&D and manufacturing facility, which will not impact shareholder equity. This move supports Tevogen's growth agenda and commitment to shareholder value.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 4:45 pm

RIO

Rio Tinto has transitioned its Kennecott copper mine in Utah to renewable diesel for all heavy mining equipment, significantly reducing its carbon footprint and emissions.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 4:06 pm

JBLU

JetBlue is targeting an incremental EBIT of $800M-$900M from 2025-2027 as part of its JetForward strategy. The company is bolstering its liquidity through strategic financing to support this goal.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 2:14 pm

AMD

INTC

NVDA

QCOM

QQQ

SPY

Intel is investing $300 million to expand its chip packaging and testing facility in Chengdu, China, despite cybersecurity concerns. This move strengthens Intel's ties with China, its largest market, and aims to enhance supply chain efficiency. The expansion comes amid challenges such as a decline in server market share and strategic considerations like potential mergers and acquisitions.

Portfolio Pulse from Anusuya Lahiri

October 29, 2024 | 2:14 pm

SSTK

Shutterstock's CFO, Jarrod Yahes, is leaving the company to pursue another opportunity. Rik Powell, currently Senior Vice President of Finance and Investor Relations, will take over as CFO on November 1. Yahes will remain in an advisory role until the end of the year.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:24 pm

NCNC

noco-noco Pte and DG Capital Group have signed a Memorandum of Understanding (MOU) to collaborate on developing decarbonization solutions. This partnership aims to address environmental challenges by creating innovative solutions to reduce carbon emissions.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:18 pm

AMZN

Blue Duck Capital has urged Amazon to implement a capital return program, enhance transparency in AI investments, and improve execution in AWS and retail. They also recommend a strategic focus on Whole Foods and media assets.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:09 pm

MCD

McDonald's has addressed an E. coli outbreak by taking swift and decisive action, as stated by a company executive. This response is crucial for maintaining customer trust and ensuring food safety.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 12:57 pm

MCD

McDonald's executive reaffirms the company's outlook for the rest of the year, assuming no material impact from a recent E. Coli outbreak on its business.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 12:56 pm