Streetbeat News

Corporate Responsibility

VFC

Engaged Capital has acquired a significant stake in VF Corp., the owner of retail brands such as Vans and The North Face. The investment firm plans to advocate for a series of changes, including substantial cost reductions.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:41 pm

MCD

McDonald's Corp (MCD) is facing a PR crisis due to its Israeli franchisees providing free meals to the Israeli Defense Forces, leading to calls for a boycott. This controversy comes as the company's stock has dropped 16% since July 2023, with 5.31% of that decline happening this month. The Q3 earnings release is scheduled for October 30, with projections at $3.00 per share.

Portfolio Pulse from Zaheer Anwari

October 17, 2023 | 1:37 pm

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) is launching a new sustainability campaign and transitioning to hemp packaging for its best-selling Canadian cannabis brand Good Supply. This move is in response to research suggesting that consumers are 50% more likely to purchase a cannabis product in sustainable packaging. The company also plans to roll out sustainable packaging for other brands, including RIFF and Broken Coast, later this year.

Portfolio Pulse from Jelena Martinovic

October 17, 2023 | 1:37 pm

JNJ

Johnson & Johnson (JNJ) has announced a 2-year restructuring program in its MedTech unit, which will involve exiting certain markets and product lines. The estimated costs for this restructuring program are between $700M-$800M.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:06 pm

GIS

WMT

General Mills, Walmart, and Sam's Club have announced a collaboration to accelerate the adoption of regenerative agriculture on 600,000 acres in the U.S. by 2030. The initiative aims to improve soil health, water quality, and carbon sequestration. The project will be supported through grants administered by the National Fish and Wildlife Foundation and will target seven U.S. states. The collaboration aligns with both companies' sustainability goals and is expected to contribute to Walmart's goal to protect, manage, or restore at least 50 million acres of land by 2030.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:03 pm

CSBR

Champions Oncology has announced the appointment of Brady Davis as its new President. The company, listed as CSBR, is expected to benefit from Davis's extensive experience in the healthcare sector.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 12:33 pm

BLNK

Blink Charging Co. (NASDAQ:BLNK) has secured a contract as the official electric vehicle (EV) charging provider for the City of Miami Beach. The seven-year agreement includes providing advanced Series 7 and Series 8 chargers for city fleets, employees, residents, and visitors. Blink will operate, maintain, and manage the EV charging stations for the City's parking facilities, garages, and surface lots. This follows similar agreements with the State of Utah and the Tennessee Valley Authority.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 12:25 pm

MEDS

TrxADE Health, Inc. (NASDAQ:MEDS) has reaffirmed its commitment to the pharmaceutical industry through its subsidiary TrxADE, Inc. The company, which recently merged with Superlatus, Inc., operates a pharmaceutical business-to-business exchange platform and added 199 new members in Q3 2023. The company aims to continue providing innovative solutions to the evolving needs of the pharmaceutical industry.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 12:24 pm

NKTX

Nkarta has announced cost containment measures aimed at extending its projected cash runway by one year into 2026. As of September 30, 2023, the company had cash and investments of $278.4 million. Nkarta plans to streamline its workforce and reconfigure its R&D approach to advance multiple cell therapies programs.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 11:07 am

AAPL

FXI

Apple CEO Tim Cook has made an unannounced visit to China, surprising gamers at Apple's Taikoo Li store. The purpose of the visit is not yet clear.

Portfolio Pulse from Charles Gross

October 17, 2023 | 10:33 am