Streetbeat News

Corporate Responsibility

JNPR

Juniper Networks has approved a restructuring plan aimed at reallocating resources to better support its strategic priorities, according to a filing.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 8:14 pm

CSCO

Cisco has announced changes to its product categories and customer markets to simplify reporting to investors and stakeholders. The revised product categories and customer markets will be used in the Q1 FY 2024 conference call scheduled for Wednesday, November 15, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 8:12 pm

WOR

Worthington Industries has announced the expansion of its Tempel Steel facility in Apodaca, Mexico. The facility is operated by its Steel Processing Business Segment.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 8:08 pm

BB

BlackBerry announced its plan to separate its IoT and Cybersecurity business units. This news led to a decrease in the company's share price.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 7:42 pm

NVS

TCNNF

WBA

Dymapak, a global manufacturer of child-resistant packaging solutions, has introduced a new child-resistant Consumer Packaged Goods (CPG) packaging solution called 'Squeeze and Turn Tin'. The product is 100% curbside recyclable and offers an airtight seal and metal-on-metal construction. Companies such as Novartis AG, Walgreens Boots Alliance Inc, and Trulieve Cannabis Corp rely on Dymapak's solutions.

Portfolio Pulse from Joana Scopel

October 05, 2023 | 6:58 pm

BA

Boeing Company (NYSE:BA) and Abu Dhabi Future Energy Company PJSC – Masdar have announced a strategic partnership to boost the sustainable aviation fuel (SAF) industry. The collaboration aims to advance the development and adoption of SAF, aligning with the commercial aviation sector's goal to achieve net-zero emissions by 2050. The partnership will explore and support the development of SAF policies and accounting mechanisms in the UAE and internationally. Boeing's shares are trading lower by 0.34% to $186.09.

Portfolio Pulse from Nabaparna Bhattacharya

October 05, 2023 | 4:49 pm

FB

GOOGL

US lawmakers have expressed concerns over the lack of rules against AI-generated political deepfakes on social media platforms, including Meta (formerly Facebook) and X (formerly Twitter). They have asked the CEOs of these companies to explain their plans to curb the potential harm to free and fair elections. Google has already announced it will impose new labels on deceptive AI-generated political ads. A House bill introduced earlier this year would require labels when election advertisements contain AI-generated images or video.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:18 pm

SGML.V

Sigma Lithium's (SGML.V) COO Brian Talbot has resigned, marking the latest leadership change at the company. This comes amid a legal dispute between the company's former co-CEOs, Ana Cabral-Gardner and Calvyn Gardner, over mineral rights where Sigma plans to build mining pits. Despite the ongoing legal battle, Sigma maintains that its expansion plans and efforts to find a buyer for the company are unaffected.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 3:36 pm

STLA

Stellantis NV has announced that from 2024, all new models of DS Automobiles will be exclusively 100% electric. This move is part of the company's strategy to transition towards sustainable mobility.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 3:32 pm

QURE

UniQure N.V. (NASDAQ:QURE) plans to cut 20% of its workforce, or about 114 jobs, and discontinue more than half of its research and technology projects, including AMT-210 for Parkinson's disease. The restructuring is expected to generate savings of about $180 million over the next three years. The company will consolidate all manufacturing into its Lexington, MA facility and consolidate process and analytical development into its Amsterdam, Netherlands facility. Chief Scientific Officer Ricardo Dolmetsch will leave the company as part of the restructuring.

Portfolio Pulse from Vandana Singh

October 05, 2023 | 2:23 pm