Streetbeat News

Corporate Responsibility

SMMT

Summit Therapeutics has appointed Manmeet S. Soni as its new Chief Operating Officer. Soni will also remain a member of the company's Board of Directors. Other members of the company, including Dave Gancarz, Urte Gayko, Fong Clow, and Allen S. Yang, have been elevated to newly established leadership roles.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 11:05 am

CVS

CVS Health's EVP, CFO and President of Health Services, Shawn Guertin, is taking a leave of absence due to unforeseen family health reasons. Tom Cowhey, SVP of Corporate Finance, has been appointed as the interim CFO.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 10:35 am

NCR

NCR Corporation has announced a name change to NCR Voyix Corporation, effective from October 13, 2023. This is part of the company's plan to separate into two independent, publicly traded companies: NCR Voyix, focusing on digital commerce, and NCR Atleos, focusing on ATMs. The company's stock will start trading under the new ticker symbol 'VYX' on the New York Stock Exchange from October 17, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 10:05 am

AMZN

TSLA

Amazon.com, Inc. (NASDAQ:AMZN) posted a job listing for a 'director of security engineering' linked to 'Project Panda', sparking speculation. Tesla Inc. (NASDAQ:TSLA) offered its fans a chance to win a free Model Y Long Range for users with 1,000 referral credits.

Portfolio Pulse from Benzinga Neuro

October 16, 2023 | 7:31 am

FFIE

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) has released an open letter detailing measures to protect stockholder interests and review company achievements. The company is taking steps to combat potential illegal short-selling activities, engage with potential investors, enhance supply chain management, and implement cost control actions. The company's leaders also plan to increase their holdings. Despite significant milestones, the company's stock price and market capitalization have reached a low point, with the current market capitalization equal to around 1% of the approximately $3 billion invested into the business.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 7:30 am

RAD

Rite Aid Corporation (NYSE:RAD) has initiated a voluntary Chapter 11 bankruptcy process to implement a financial restructuring plan. The company has reached an agreement with its senior secured noteholders and has received a commitment for $3.45 billion in new financing. Rite Aid has also appointed Jeffrey S. Stein as CEO and Director, succeeding interim CEO Elizabeth Burr.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 7:27 am

ERJ

HON

Honeywell (HON) has successfully tested an engine using 100% sustainable aviation fuel on an Embraer (ERJ) business jet. This marks a significant step towards sustainable aviation.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 6:52 am

AMZN

Amazon.com, Inc (NASDAQ: AMZN) posted a job listing for a 'director of security engineering' role associated with 'Project Panda', which was quickly addressed as an error by a company spokesperson. The term 'opportunistic' in the listing led to speculations about Amazon's recruitment strategies. The company has been under scrutiny for its employment decisions, especially after laying off 27,000 employees over the past year due to over-hiring during the post-pandemic boom.

Portfolio Pulse from Bibhu Pattnaik

October 15, 2023 | 1:56 pm

AAPL

TSLA

This week, Apple Inc. (NASDAQ: AAPL) made headlines with several developments. California Governor Gavin Newsom signed the Right to Repair Act into law, backed by Apple, allowing device owners to repair their devices at third-party repair shops. Supply chain analyst Ming-Chi Kuo predicted that the 2024 Apple Watch may lack innovative features. Apple might introduce a new technology for its mainboard in the iPhone 17, potentially providing enhanced internal space and cost-saving benefits. Tesla Inc. vehicle owners are using the new iPhone 15 Pro’s “action button” as a car key substitute. Apple Inc. CEO Tim Cook and Tesla Inc. CEO Elon Musk did not make the top spot in the list of America's most popular CEOs.

Portfolio Pulse from Benzinga Neuro

October 15, 2023 | 1:28 pm

FB

Meta Platforms Inc. (NASDAQ:FB) has removed over 795,000 pieces of content related to the Israel-Hamas conflict, following the European Union's warnings about the spread of disinformation. The company's content removal rate increased sevenfold in the three days after the Hamas attack on Israel on October 7. Meta is also lowering the threshold for restricting the recommendation of violating content and reducing the visibility of potentially controversial comments on Facebook and Instagram.

Portfolio Pulse from Nabaparna Bhattacharya

October 14, 2023 | 8:20 pm