Streetbeat News

Corporate Responsibility

UAL

United Airlines CEO anticipates that the current stress in segments of the airline industry will lead to structural changes that lay the foundation for a better future for United.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 2:48 pm

COCO

Ragnarok Research has released a report on The Vita Coco Company (COCO), an American beverage company, highlighting potential issues with its supply chain and ethical practices. The report suggests that Vita Coco's main supplier, Ducoco, is facing serious litigations in Brazil for land grabbing and notary fraud. Additionally, the report raises concerns about potential child labor in Vita Coco's supply chain in the Philippines. The report also mentions that insiders are planning to sell 26 million shares of Vita Coco, which is about half of the company's outstanding shares.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 2:15 pm

REGN

Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) has announced a five-year, $5 million strategic investment to support Nashville, Tennessee's science, technology, engineering and mathematics (STEM) ecosystem. The investment is part of Regeneron's ongoing efforts to develop the STEM talent pipeline and will be used to support high-quality, equitable engagement programs for students and science teachers. The company will collaborate with various schools, non-governmental organizations, businesses and universities in Nashville to adapt successful initiatives from its New York-based community.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:32 pm

AAPL

Apple's Heart and Movement Study has revealed the health benefits of pickleball and tennis, with data collected from Apple Watches. The study found that both sports were popular across all adult ages and more popular with men than women. The research also showed a steady increase in the popularity of pickleball workouts, surpassing tennis workouts for the first time. The study is part of Apple's efforts to create new features grounded in science.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:02 pm

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GM

HMC

STLA

TM

TSLA

Tesla has urged the National Highway Traffic Safety Administration to focus on energy conservation and environmental impacts of fossil fuel use. The company wants to eliminate off-cycle credits from 2027 and suggests a stringent Corporate Average Fuel Economy proposal requiring carmakers to achieve an average of nearly 75 miles per gallon by 2032. The Alliance for Automotive Innovation, representing automakers including Ford, General Motors, Stellantis, Honda, and Toyota, has said that the NHTSA's proposal would result in manufacturers facing fines amounting to $14 billion.

Portfolio Pulse from Nabaparna Bhattacharya

October 18, 2023 | 12:52 pm

CNI

CN (NYSE:CNI) has announced the appointment of Patrick Whitehead as Executive Vice-President and Chief Network Operating Officer and Derek Taylor as Executive Vice-President and Chief Field Operating Officer, effective from November 15. They will succeed Ed Harris, who will become a consultant until March 31, 2024. The new structure aims to drive profitable growth through cost-effective expansion of CN's network infrastructure and improvements to customer service. The company also plans to refine its long-term fleet plan, reflecting its decarbonization ambitions.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 12:20 pm

PLNT

Planet Fitness (PLNT) has announced plans to update its franchisee economic model to reflect the current macro environment, according to a recent filing. The announcement was made during its recent franchisee conference.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 12:16 pm

NYAX

Nayax Ltd. has announced that the ongoing war in Israel has not materially disrupted its business operations. The company's internal analysis concluded that there are no current or expected material interruptions to its business continuity, supply chain, sales of products or services, backlog of orders or employee productivity. Only approximately 8% of its revenues are derived from Israel, and such revenues are not currently expected to be materially impacted by the war.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 12:15 pm

BXRX

Baudax Bio has announced that it is ready to initiate the clinical development of TI-168 following the recent approval of corporate actions related to the acquisition of TeraImmune by its shareholders.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 12:12 pm

BXRX

Baudax Bio has announced a corporate update, stating that the Phase 1/2a clinical study of TI-168 in Hemophilia A with FVIII inhibitors is projected to begin in Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 12:12 pm