Streetbeat News

Corporate Responsibility

AAPL

Elon Musk, owner of X (formerly Twitter), has praised Apple Inc. CEO Tim Cook for continuing to advertise on X, despite criticism from the Anti-Defamation League. Cook defended the platform's role in fostering discourse, likening it to a 'town square', while also condemning anti-semitism.

Portfolio Pulse from Benzinga Neuro

September 19, 2023 | 6:19 am

SPCE

Virgin Galactic has approved inducement stock awards for new non-executive employees as part of their compensation package.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 5:20 am

NVRI

Enviri has announced the appointment of Tom Vadaketh as its Chief Financial Officer, effective from October 16, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 4:40 am

TSLA

Tesla CEO Elon Musk has expressed his discontent over Ukraine's counteroffensive against Russian-held territories. Musk has previously spoken out on the Russia-Ukraine war, suggesting a redo of elections of annexed regions and that Crimea remain formally a part of Russia. Musk's comments have been met with backlash, including from Ukrainian Diplomat Andrii Melnyk. Musk's Starlink service was estimated to have gained around 150,000 users in Ukraine roughly two months after the Tesla CEO supplied the nation with its high-speed connectivity.

Portfolio Pulse from Adam Eckert

September 18, 2023 | 10:11 pm

BHC

Bausch Health Companies announced that CFO Tom Vadaketh has resigned to pursue another opportunity. He will leave the company effective October 13, 2023. John S. Barresi, currently the Company’s Senior Vice President, Controller and Chief Accounting Officer, will serve as interim CFO.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 9:36 pm

NSC

Norfolk Southern has announced a Value Assurance Program for homeowners in the East Palestine area. The program is designed to compensate any reduction in the value of eligible residential properties. The move is part of Norfolk Southern's commitment to protect the home values of the community.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 8:35 pm

ALEX

HE

Hawaiian Electric Industries (HEI) has announced leadership changes effective October 1, 2023. Paul Ito, currently EVP, CFO & treasurer of HEI, will serve as SVP, CFO & treasurer of Hawaiian Electric until approximately December 31, 2024, following the retirement of Tayne Sekimura. Scott DeGhetto, a veteran from Moelis & Company, will join HEI as CFO until Ito resumes his position. DeGhetto will remain at HEI in an advisory role from approximately January 1, 2025 until April 1, 2025.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 8:16 pm

KNTE

Kinnate Biopharma Inc. (NASDAQ:KNTE) announced pipeline updates, a strategic reprioritization plan, and a workforce restructuring. The company will reduce its workforce by approximately 70% and focus on the development of exarafenib combination, KIN-8741, and its CDK4 selective program. Kinnate will pause the development of KIN-7136 and explore strategic alternatives for exarafenib monotherapy and KIN-3248. The company had approximately $204.3 million in cash, cash equivalents, and investments as of June 30, 2023, which is anticipated to fund operations into at least the second quarter of 2026.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 8:13 pm

ES

Eversource Energy has appointed Paul Chodak as Executive Vice President and COO, effective from November 13.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 8:11 pm

SNAP

SONO

Patrick Spence, the CEO of Sonos, has joined the board of directors at Snap Inc.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 8:11 pm