Streetbeat News

Corporate Responsibility

AZN

AstraZeneca has partnered with Future Biogas to create the UK's first unsubsidized biomethane supply. The pharmaceutical company has committed £100M to sustainability efforts.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 6:41 am

CHD

Church & Dwight has issued a recall for its TheraBreath Strawberry Splash for Kids 16oz product sold on Amazon between May 31 and September 02, 2023, due to yeast contamination.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 5:42 am

NKLA

Nikola Corp's CEO, Steve Girsky, has termed the recent fires in its battery electric trucks as a 'setback', but assured that it won't affect the deliveries of its hydrogen-powered trucks. The company issued a recall for all the vehicles in the market between dealers and customers in August, following several incidents of fire since June. The cause of the fires was identified as a coolant leak within the battery packs. Nikola has halted deliveries of its battery electric vehicles until the recall is complete, but is preparing to deliver its hydrogen fuel cell trucks, which use different battery packs from a different supplier.

Portfolio Pulse from Anan Ashraf

September 14, 2023 | 5:20 am

BTCUSD

ETHUSD

PYPL

Crypto infrastructure provider Paxos has admitted to overpaying a Bitcoin network fee by $510,000 due to a bug affecting a single transfer. The error was initially speculated to involve PayPal Holdings Inc, but Paxos clarified that PayPal was not responsible. Paxos is in discussions with the miner who received the excess fee to recover the funds. PayPal uses Paxos to manage its crypto custody services.

Portfolio Pulse from Mehab Qureshi

September 14, 2023 | 4:02 am

TSLA

A group of radical environmentalists set fire to 15 Tesla vehicles at a dealership in Frankfurt, Germany, causing over $536,885 in damages. The group criticized Tesla Inc. for its lithium and cobalt mining practices and its impact on indigenous communities, as well as CEO Elon Musk's plans to colonize Mars.

Portfolio Pulse from Benzinga Neuro

September 14, 2023 | 3:08 am

GM

General Motors (GM) is reportedly continuing to negotiate directly and in good faith with the United Auto Workers (UAW). The company has presented additional strong offers and is making progress in key areas that are important to its represented team members.

Portfolio Pulse from Charles Gross

September 13, 2023 | 11:43 pm

CMPS

The Norrsken Foundation is launching a $3.22 million initiative, Norrsken Mind, to support Swedish startups developing psychedelic-assisted mental health treatment options. The initiative has already raised over €3 million and expects more capital soon. This follows other European funding efforts in the field, such as the $285 million private placement raised by London-based COMPASS Pathways (NASDAQ:CMPS).

Portfolio Pulse from Lara Goldstein

September 13, 2023 | 8:46 pm

TPIC

TPI Composites, in collaboration with the University of Tennessee Knoxville, is advancing the creation of glass fiber yarns from recycled wind turbine blades. This initiative is part of TPI's commitment to sustainability and circular economy.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 8:26 pm

SBUX

Wei Zhang, a former advisor to Alibaba, has joined the board of directors at Starbucks. This could potentially strengthen Starbucks' strategic partnerships in China, given Zhang's extensive experience and connections in the region.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 8:07 pm

SNBR

Sleep Number has issued a statement regarding a shareholder letter, stating that the board has put together a proposal demonstrating that it has listened closely to Stadium Capital. The proposal offers Stadium Capital the opportunity to participate in the selection of a new independent director. Sleep Number's board and management team have engaged in regular discussions with Stadium Capital to better understand its views. The company remains confident in its strategy and is focused on strengthening its brand, culture, and competitive advantages.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 6:37 pm