Streetbeat News

Corporate Responsibility

HUM

Humana has announced the appointment of Jim Rechtin as President and Chief Operating Officer, effective from January 8, 2024. This is part of a long-planned CEO transition. Rechtin will report to current CEO Bruce Broussard until the latter half of 2024, when Broussard will step down and Rechtin will assume the CEO role.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 11:02 am

SVRE

SaverOne has reported that its ongoing operations in Israel have not been impacted and continue to work as normal.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 11:02 am

DVA

ETWO

FMS

SILK

Several stocks recorded losses in Wednesday's pre-market trading session. Silk Road Medical's shares fell 38.5% after announcing Q3 revenue results and FY23 revenue guidance below estimates. Fresenius Medical Care, DaVita, and E2open Parent Holdings also saw significant drops in share prices. Hyliion Holdings' shares declined after announcing a strategic review of alternatives for its Electric Powertrain Business. Baxter International, Polestar Automotive, Hut 8 Mining Corp., and Northern Oil and Gas also experienced declines.

Portfolio Pulse from Lisa Levin

October 11, 2023 | 10:00 am

WBA

Walgreens Boots Alliance has appointed Tim Wentworth as its new CEO, effective from October 23.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:58 am

ACAQ

AKRO

LLY

NVO

TSLA

US stocks traded higher with Dow Jones gaining around 130 points. Akero Therapeutics saw a significant drop of 62.61% after its Phase 2b SYMMETRY study results were not statistically significant. Eli Lilly closed the day with a 1.32% increase as CEO of LuMind IDSC advocates for access to its Alzheimer’s drugs. Athena Consumer Acquisition surged by 10.53% after announcing a special meeting for business combination approval. Novo Nordisk increased by 1.03% as a survey revealed a growing willingness among US employers to include its GLP-1 drugs in health coverage plans. Tesla increased by 1.52% as its Model Y passed the two million unit sales milestone.

Portfolio Pulse from Benzinga Neuro

October 11, 2023 | 1:56 am

PLBY

The ongoing conflict in Israel has drawn reactions from celebrities, athletes, and musicians worldwide, with many expressing their support for Israel. Israeli actress Gal Gadot and band U2 were among those who made statements. However, the conflict has also led to backlash, with Kylie Jenner deleting a pro-Israel post due to pro-Palestine comments, and former adult actress Mia Khalifa being let go by Playboy, a unit of Plby Group (NASDAQ:PLBY), for her pro-Hamas posts.

Portfolio Pulse from Chris Katje

October 10, 2023 | 11:18 pm

PRST

Presto has announced the appointment of Nathan Cook as its new interim CFO. Additionally, major shareholder Cleveland Avenue has agreed to increase its ownership in Presto with a $3 million investment in the company's common stock. Shareholders holding 53% of the issued shares have also agreed not to sell or dispose of any shares until December 23, 2024.

Portfolio Pulse from Happy Mohamed

October 10, 2023 | 8:49 pm

NGS

Natural Gas Services Group, Inc. has announced the appointment of Brian L. Tucker as its new President and Chief Operating Officer.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 8:38 pm

BMO

BMO Financial Group has announced the retirement of its CEO & Group Head, Capital Markets, Dan Barclay, and the appointment of Alan Tannenbaum as his successor. The changes will be effective from November 1, 2023. Tannenbaum will lead BMO Capital Markets and provide strategic direction on global markets and investment and corporate banking customer segments. He will be succeeded in his current role by Brad Chapin, who will serve as Interim Global Head, Investment & Corporate Banking.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:29 pm

NGMS

NeoGames has issued a statement regarding the recent events in Israel, expressing condolences and support for the victims. Despite the situation, the company assures that its business operations in Israel continue as normal, thanks to its comprehensive business continuity program. The company also expressed gratitude for the support received from customers, business partners, and stakeholders.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:25 pm