Streetbeat News

Corporate Responsibility

HE

The CEO of Hawaiian Electric (HE) testified before a U.S. House Committee, expressing the company's desire to learn from the events of August 8 to prevent a recurrence.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 2:30 pm

AZN

BMY

JNJ

MRK

Pharmaceutical companies AstraZeneca, Bristol Myers Squibb, and Boehringer Ingelheim have agreed to participate in Medicare drug price negotiations, despite previously suing to halt the process. The negotiations are part of an effort to curb rising prescription medication costs for elderly Americans. The companies' drugs selected for the initial round of negotiations include AstraZeneca's Farxiga, Boehringer Ingelheim's Jardiance, and Bristol Myers Squibb's Eliquis.

Portfolio Pulse from Vandana Singh

September 28, 2023 | 2:20 pm

AAL

DAL

JBLU

Delta Air Lines CEO Ed Bastian has acknowledged customer dissatisfaction following changes to the airline's loyalty program. The changes were meant to make the program more exclusive but led to widespread dissatisfaction among Delta's frequent flyers. In response, Bastian announced that the airline is set to make significant adjustments to the revamped program. The initial changes were met with criticism as they appeared to prioritize higher spending customers, leaving many loyal flyers feeling undervalued. JetBlue Airways seized this opportunity to offer status matching to disgruntled Delta customers.

Portfolio Pulse from Akanksha Bakshi

September 28, 2023 | 2:12 pm

AMZN

Amazon aggregator Thrasio is exploring restructuring options due to a decline in online consumer spending post-pandemic. The company, which raised $3.4 billion to acquire Amazon-based consumer brands, is considering raising fresh capital or potentially filing for bankruptcy. Thrasio's business model has suffered as online shopping habits have shifted following the peak of the COVID-19 pandemic.

Portfolio Pulse from Vandana Singh

September 28, 2023 | 2:03 pm

PARA

Paramount Global and CBS Sports are collaborating on a series of short-form vignettes to highlight the social impact of NFL teams and players. The series will air throughout CBS' Super Bowl season on THE NFL TODAY pregame show, culminating on Super Bowl Sunday. The content is part of Paramount's 'Content for Change' initiative and aims to shift narratives and drive positive impact.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:22 pm

ADM

ADM (NYSE:ADM) and Syngenta Group have signed a memorandum of understanding (MoU) to collaborate on the research and commercialization of low carbon-intensity next-generation oilseeds and improved varieties. The collaboration aims to meet the growing demand for biofuels and other sustainably-sourced products. The companies plan to leverage their existing capabilities to accelerate the research, processing, and commercialization of new, low carbon-intensity oilseeds, such as Camelina. They also plan to foster partnerships with additional companies to support the creation, commercialization, and processing of next-generation oilseeds.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:16 pm

GME

GameStop has announced the election of Ryan Cohen as its new Chief Executive Officer, leading to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:41 pm

JTAI

Jet.AI has launched DynoFlight, a commercial and private aviation carbon offset platform. The platform aims to help airlines and private jet owners offset their carbon emissions.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:36 pm

CTSH

Cognizant (NASDAQ:CTSH) has announced the appointment of Jatin Dalal as Chief Financial Officer, effective from December 2023. Dalal, who previously served as CFO at Wipro, will succeed Jan Siegmund, who plans to retire in early 2024. Dalal will report to Cognizant's CEO, Ravi Kumar S, and oversee various financial functions.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:34 pm

SDGR

Schrödinger and two City University of New York colleges have been awarded a $1M National Science Foundation (NSF) grant to increase access to computational molecular modeling education.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:12 pm