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Corporate Responsibility

Alcoa Corporation has announced a new CEO, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 3:22 pm

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Several significant business events have occurred. Ford of Canada has reached a collective agreement with Unifor union, including wage increases and pension improvements. Amazon has invested $4 billion in AI startup Anthropic. PhonePe, backed by Walmart, has launched the Indus AppStore Developer Platform to challenge Google's dominance in India. Goodyear plans to redefine its operational presence in the Asia Pacific region. Pfizer's RSVpreF vaccine has been recommended by the CDC for pregnant people. Mercedes Benz has partnered with Mastercard to introduce in-car digital payments. Novartis plans to spin-off the Sandoz business. Eisai and Biogen's Alzheimer treatment Leqembi has been approved in Japan. Alcoa has appointed William F. Oplinger as President and CEO. TransCode Therapeutics' stock is trading higher after positive results with its therapeutic candidate, TTX-MC138. Tyson Foods and Perdue Farms are under investigation over alleged child labor violations. OpenAI has unveiled a new feature for its ChatGPT application, enabling verbal responses. Apple's iOS 17 update allows users to opt for a search engine other than Google. Austrian Airlines faced backlash for making inaccurate environmental claims.

Portfolio Pulse from Vandana Singh

September 25, 2023 | 2:58 pm

TSN

Perdue Farms and Tyson Foods are under federal investigation following reports of employing migrant children in their meat-processing plants. The Labor Department is probing a Tyson plant and a Perdue plant in Virginia. The investigation was launched after an exposé revealed a 14-year-old boy working the night shift at a Perdue-operated chicken slaughterhouse. One-third of the Perdue plant's overnight cleaning crew was reportedly made up of children, employed by Fayette Industrial, a cleaning company hired by Perdue. Fayette also works with QSI Sanitation, which works with Tyson as part of chemical sanitation conglomerate The Vincit Group, and is facing a federal investigation.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 2:58 pm

DLAKY

Austrian Airlines, a subsidiary of Deutsche Lufthansa AG (OTC:DLAKY), has been reprimanded by a court for making misleading environmental claims. The airline had advertised that its flights to an art exhibition in Venice would be operated using 100% sustainable aviation fuel, but it was revealed that only 5% of the fuel used was from renewable sources. Following the ruling, the airline was ordered to display the court's decision on its website and social media platforms and cover the legal fees of the consumer-protection association.

Portfolio Pulse from Akanksha Bakshi

September 25, 2023 | 2:23 pm

Goodyear Tire & Rubber Company (NASDAQ:GT) plans to redefine its operational presence in the Asia Pacific region, transitioning from owning its establishments to a third-party distribution and retail model. This will result in the loss of around 700 roles, exit of nine warehouse sites, and the divestment or cessation of nearly 100 retail and fleet outlets. The company expects these actions to improve Asia Pacific's segment operating income by approximately $50 million to $55 million in 2025 and annually thereafter.

Portfolio Pulse from Shivani Kumaresan

September 25, 2023 | 2:21 pm

DNUT

Krispy Kreme Inc (NASDAQ:DNUT) has announced the appointment of Josh Charlesworth as President and CEO, effective January 1, 2024. Charlesworth, who has been with the company since 2017, will succeed Michael Tattersfield. The company also reaffirmed its full-year 2023 guidance and continues to trend toward the middle to the higher end of the revenue and adjusted EBITDA ranges. DNUT shares are trading higher by 3.05% at $13.18 in premarket on the last check Monday.

Portfolio Pulse from Shivani Kumaresan

September 25, 2023 | 12:38 pm

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The article covers a range of topics including US markets, crypto, US politics, world politics, US economy, world economy, electric vehicles, tech, consumer, communication, and industrial. Key highlights include the potential of Google Pixel 8 outshining Apple's iPhone, Elon Musk's plans to retire the iconic Twitter home icon, and the suspension of withdrawals and deposits by Mixin Network after a $200M hack. Thor Industries, AutoNation, Coinbase, Amazon, Ford of Canada, and Regal Rexnord are among the companies mentioned.

Portfolio Pulse from Akanksha Bakshi

September 25, 2023 | 12:29 pm

Air Canada has ordered 18 Boeing 787-10 widebody jets, with an option to purchase 12 more, as part of its strategy to reduce carbon emissions and expand its global route network. The 787-10 is the largest model in the Dreamliner family and is highly fuel efficient, reducing fuel use and improving efficiency by up to 25% compared to previous generation jets. Air Canada currently operates a fleet of 38 787s, including eight 787-8 and 30 787-9 jets.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 12:09 pm

AAPL

Apple Inc.'s CEO, Tim Cook, met with Spain's most decorated Paralympian, Teresa Perales, to discuss the practical applications of Apple Watch in her training and accessibility efforts. The meeting highlighted the role of technology in enhancing the lives of individuals with disabilities. Cook's visit to Spain also included interactions with other notable figures and a visit to Real Madrid. Earlier this month, Apple launched its latest products including the iPhone 15 and Apple Watch Series 9.

Portfolio Pulse from Ananya Gairola

September 25, 2023 | 10:33 am

AULT

Ault Alliance is planning a strategic corporate alignment that will focus on three central subsidiaries. The new structure is expected to streamline operations and improve efficiency.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 10:31 am