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Corporate Responsibility

SILK

Silk Road Medical's CEO, Erica Rogers, has announced her retirement. The company has not yet named a successor.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 8:25 pm

SANA

Sana Biotechnology has announced a portfolio update, which includes a strategic re-positioning that will result in a 29% reduction in headcount. The company has not provided further details on the impact of this decision on its operations.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:21 pm

HYLN

Hyliion is planning a strategic review of alternatives for its electric powertrain business as it navigates the changing landscape in commercial vehicle electrification.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:18 pm

MDLZ

Mondelez International, Inc. (MDLZ) has announced that it will continue to have two directors on JDEP's board of directors and has retained certain additional governance rights.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:14 pm

AAPL

Dan Defossey, a former Apple Inc. executive, has found success in the restaurant industry in Mexico City. After leaving his role as the head of marketing in education for Latin America at Apple, Defossey co-founded a Texas-style BBQ restaurant, Pinche Gringo, in Mexico City. Despite initial challenges, the business has grown into Grupo Chilangogringo, a group of seven establishments with revenues exceeding $9 million in 2022.

Portfolio Pulse from Bibhu Pattnaik

October 10, 2023 | 7:28 pm

BA

EWZ

Boeing (NYSE:BA) has announced the opening of its Engineering and Technology Center in Brazil, expanding its strategic investments in the country. The company also signed a Memorandum of Understanding with the state of São Paulo for aerospace technological development and extended its sustainability partnership with the State University of Campinas (Unicamp). Boeing also plans to launch an internship program in Brazil in 2024.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 6:06 pm

WMT

Walmart Inc. (NYSE:WMT) is expanding its virtual primary care services, allowing employees and their families to develop long-term relationships with doctors across the country. The company launched a pilot in three states in 2020 and expanded it to 21 states in 2023 after seeing success. The service has led to a decrease in medical costs by about 10%. Included Health will provide the expanded online access from Oct. 14. The move is expected to be a 'big test' of how much treatment can shift to the internet.

Portfolio Pulse from Nabaparna Bhattacharya

October 10, 2023 | 5:29 pm

TEVA

Teva Pharmaceutical Industries has reportedly stated that the ongoing Israel-Hamas conflict will not significantly affect its business and financial performance. As a result, the company's shares are trading higher.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 4:55 pm

NFLX

Netflix co-CEO Greg Peters has replaced ad sales chief Jeremi Gorman with Amy Reinhard, a longtime Netflix executive, in an effort to accelerate the company's ad business growth. As of June, Netflix's ad sales and ad-supported subscriber numbers were roughly half of what was initially projected for 2023.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 4:47 pm

FXI

LVMHF

LVMH's CFO has expressed satisfaction with the level of business the company is doing with Chinese clients. This statement was made during a recent interview with Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 4:31 pm