Streetbeat News

Corporate Responsibility

WBA

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) employees are reportedly planning a nationwide walkout between Oct. 9 and Oct.11 due to what they describe as unbearable working conditions and inadequate staffing. The planned walkout is expected to involve employees from over 500 of the approximately 9,000 Walgreens stores across the United States. In response, Walgreens stated that there have never been corporate quotas and that all task-based metrics for retail pharmacy staff were eliminated last year. The company also highlighted its $265 million incremental investments in its nationwide pharmacy team this fiscal year.

Portfolio Pulse from Nabaparna Bhattacharya

October 07, 2023 | 9:24 pm

META

TSLA

Elon Musk's acquisition of Twitter, now known as X, has opened up new opportunities in the cannabis space. Unlike its competitors, X has been pioneering cannabis advertisements. Platforms like Meta Platform Inc's Instagram and Facebook currently prohibit cannabis advertising. The Tesla Inc CEO has emphasized fostering open conversation, which has influenced shifts in legislative frameworks.

Portfolio Pulse from AJ Fabino

October 07, 2023 | 4:40 pm

KBNT

Kubient has announced an organizational change that is expected to reduce its current annualized expenses, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 8:14 pm

AMZN

Amazon's new HQ2 in Northern Virginia, housing 8,000 employees, is a departure from the company's traditional austere corporate culture, featuring luxurious amenities and elegant designs. However, the future of HQ2 is uncertain as the planned expansion is on hold. Amidst the grandeur, Amazon faces a return to austerity, having terminated 27,000 workers following a pandemic-induced expansion. The company remains committed to bringing 25,000 jobs to northern Virginia, with state officials agreeing to pay $22,000 for each full-time position with an average salary of $150,000.

Portfolio Pulse from Anusuya Lahiri

October 06, 2023 | 7:16 pm

MRMD

MariMed (OTCQX:MRMD) will make a donation to the Keep A Breast (KAB) Foundation through its Betty’s Eddies brand to support breast cancer awareness education. The initiative includes redesigned product packaging and a campaign to foster KAB’s mission of reducing breast cancer risk through education, with a focus on early detection. The campaign coincides with Breast Cancer Awareness Month in October.

Portfolio Pulse from Nina Zdinjak

October 06, 2023 | 2:34 pm

CAG

GSK

MGM

MSFT

NFLX

NVDA

NVO

PHG

PYPL

SHEL

SNAP

TSM

UBER

The article discusses various regulatory, financial, and operational updates from multiple companies. Key points include potential delays in the PGA Tour and LIV Golf merger due to regulatory concerns, Snap Inc facing UK regulatory hurdles over privacy concerns, Philips' ventilator device recall facing FDA's discontent, Micron's $15B investment in a new Idaho facility, Novo Nordisk's weight loss drugs posing serious stomach risks, Shell revising its Q3 FY23 operational outlook, MGM Resorts expecting a $100M blow from a recent cybersecurity breach, GSK cutting stake in Haleon, TSMC's earnings fueled by AI demand, Netflix's growth issues in India, Uber facing legal hurdles in EU, ConAgra considering a makeover in portion sizes amid diet drug wave, PayPal facing a class-action suit accused of forcing higher price, Nvidia, Intel, Qualcomm challenging Biden's China restrictions, and Microsoft nearing the completion of Activision Blizzard acquisition.

Portfolio Pulse from Vandana Singh

October 06, 2023 | 2:05 pm

NVVE

Nuvve Holding Corp. (NASDAQ:NVVE) has been proposed a grant of $1.9M by the California Energy Commission (CEC) for its RESCHOOL project. The project aims to demonstrate the potential of electric school buses and bi-directional charging infrastructure in enhancing the resilience of California's power grid. The grant will fund the initial phase of the project, which includes plans to produce a scalable model for other California school districts to implement their own zero-emission and bi-directional infrastructure.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 1:01 pm

FOXO

FOXO Technologies' Interim CEO, Mark White, has outlined a new strategy for the company, focusing on AI-enabled direct-to-consumer services and immediate expense reductions. The company plans to launch a subscription-based app leveraging AI, machine learning, and epigenetic data to enhance health and wellness. FOXO is also considering strategic alternatives, including the acquisition of complementary AI technologies and/or strategic sales of assets. The company is shifting its focus away from selling life insurance products and instead concentrating on its Bioinformatics Services offering.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 12:34 pm

TSLA

Tesla CEO Elon Musk defended his leadership role at the company, citing data showing Tesla's dominance in EV sales in the U.S. for the first half of 2023. Tesla outsold its 19 closest competitors, including Ford, Rivian, Volkswagen, and BMW, with 325,291 vehicle sales. This comes amid concerns about Musk's divided attention between his roles in various companies.

Portfolio Pulse from Anan Ashraf

October 06, 2023 | 12:16 pm

Micron Technology, Inc (NASDAQ:MU) has begun construction on a $15 billion memory manufacturing facility in Boise, Idaho. The facility, which will create over 17,000 jobs, is expected to inject $15.3 billion into the Idaho economy. The company has also pledged a $75 million investment to the Idaho Community Investment Framework over the next decade. The facility will be environmentally responsible and will commence operations in phases from 2025.

Portfolio Pulse from Anusuya Lahiri

October 06, 2023 | 12:06 pm