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Unity Software Inc. has announced that it will be making changes to the runtime fee policy it announced earlier this week, following backlash from its community, customers, and partners.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:58 pm

ADES

Advanced Emissions Solutions, Inc. (NASDAQ:ADES) has appointed Jeremy 'Deke' Williamson as its new Chief Operating Officer, effective from September 18, 2023. Williamson, a former Senior Vice President of Production and Distribution Operations at Hi-Crush, Inc., will leverage his experience in plant operations and construction projects to support the expansion of ADES's Red River and Corbin plants.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:36 pm

VLCN

Volcon Inc. (NASDAQ:VLCN) has announced an improved debt position and strategic cost reduction measures. The company has agreed with its convertible noteholders to modify the terms of its convertible notes, extending the maturity from February 2024 to January 2025. The company has also implemented cost reduction strategies, including closing manufacturing operations in favor of outsourced production, reducing headcount, and eliminating cash bonuses payable to the company's officers in favor of stock awards. The company is preparing for the launch of its first UTV model, the Stag, in October 2023.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:31 pm

IEP

NWL

Newell Brands announced that the Director Appointment & Nomination Agreement between Icahn Group and the company, dated March 18, 2018, has been terminated. Additionally, Gaoxiang Hu and David Willetts have resigned from the company's Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:30 pm

BLNK

Blink Charging Co. (NASDAQ:BLNK) has announced changes to its executive leadership team, including the appointment of Michael Battaglia as Chief Operations Officer, Jim Nemec as Chief Revenue Officer, and Siddhartha Kodgi as Vice President of Operations. The company also announced the departure of Mark Pastrone from his role as Chief Operations Officer. This follows Blink's record Q2 earnings announcement of nearly $33 million. The company plans to continue focusing on enhancing its synergies following the acquisition of six companies over the last three years.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:28 pm

ACN

Avanade, a joint venture between Accenture and Microsoft, has appointed Karthik Narain, Accenture Group CEO-Technology, as its new Board Chair. Narain succeeds Emma McGuigan.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:16 pm

ADM

Archer-Daniels-Midland Company's CEO, Juan Luciano, is working to restore safe operations in the areas affected by the Decatur plant explosion last week.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:10 pm

MODV

Modivcare Inc. (NASDAQ:MODV) has successfully implemented the Genesys Cloud CX® Platform, an AI-powered omnichannel cloud solution, to improve its member care experience and drive efficiencies at its mobility care centers. The new system allows members to reach Modivcare through various communication channels, provides real-time member information to care teams, and offers robust analytics tools for data-driven insights. The company expects this implementation to contribute to a $30 million to $50 million cost reduction initiative over the next 12 to 18 months.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:09 pm

SBUX

Starbucks Corp (NASDAQ:SBUX) has promoted Molly Liu to executive vice president and co-CEO of Starbucks China, effective October 2, 2023. Liu has served as Starbucks China's COO since 2021 and previously served as the company's VP of Digital Ventures. The company aims to operate 9,000 stores across 300 Chinese cities by 2025 and create more than 10,000 additional jobs annually. SBUX shares are trading higher by 0.07% at $96.30 in premarket on the last check Monday.

Portfolio Pulse from Shivani Kumaresan

September 18, 2023 | 1:08 pm

STLD

Mercedes-Benz has signed an agreement with Steel Dynamics, Inc. (SDI) to source over 50,000 tonnes of CO2-reduced steel annually for its Tuscaloosa plant. The steel will be made using an electric arc furnace powered by 100% renewable sources. The deal is part of Mercedes-Benz's global effort to decarbonize its steel supply chain. The CO2-reduced steel from SDI will be introduced into series production at the Tuscaloosa plant as early as September 2023.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:05 pm