Streetbeat News

Corporate Responsibility

BP

BP's CEO Bernard Looney has resigned over allegations regarding his conduct in personal relationships with company colleagues. CFO Murray Auchincloss will serve as interim CEO.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 8:37 pm

FDMT

4D Molecular Therapeutics has appointed Uneek Mehra as its new Chief Financial & Business Officer. Mehra will succeed August J. Moretti, who is retiring but will serve in an advisory capacity to support the transition.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 8:09 pm

FAST

Fastenal, an industrial supply leader, has chosen ZEVX for an operational trial to electrify select fleet trucks. The move is aimed at reducing the environmental impact of its fleet and improving operational efficiencies.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 8:01 pm

TCNNF

Trulieve Cannabis Corp. is suing two former employees and five other cannabis businesses in Arizona for alleged 'kickback schemes' that granted them advantageous shelf space at the company's outlets. The two ex-employees, Randall Uberecken and Daniel Hirchak, allegedly obtained nearly $1 million and established separate companies to channel the kickback funds. Both were hired by Harvest Health & Recreation, which Trulieve acquired in 2021. Trulieve is also involved in a separate lawsuit against Harvest of Ohio and Harvest Grows over debt payoff negotiations.

Portfolio Pulse from Jelena Martinovic

September 12, 2023 | 7:16 pm

AAPL

Apple Inc (NASDAQ:AAPL) announced a range of new products and features at the Wonderlust event, including revamped AirPods Pro, carbon-neutral Apple Watches, and a new lineup of iPhones. The company also announced its goal to make all its products carbon neutral by 2030. The new products feature advanced technology and eco-friendly materials.

Portfolio Pulse from AJ Fabino

September 12, 2023 | 7:16 pm

AVTX

CGNT

LAW

SKIN

SLRN

TNON

XOS

Several stocks experienced significant price movements in Tuesday's mid-day session. Tenon Medical withdrew its proposed public offering, causing its shares to climb 63.5%. Avalo Therapeutics agreed to divest AVTX-800 series, leading to a 52.6% gain. Cognyte Software reported better-than-expected Q2 results and issued FY24 guidance above estimates, resulting in a 24.8% gain. Xos was awarded a contract by the State of California, causing a 23% gain. The Beauty Health Company announced a business transformation program and a $100 million share repurchase, leading to a 16.6% jump. On the other hand, Acelyrin shares fell 60.8% after announcing disappointing trial results. CS Disco shares fell 22.1% after the company announced its CEO's departure.

Portfolio Pulse from Lisa Levin

September 12, 2023 | 5:44 pm

AAPL

Apple Inc. has announced that its Apple Watch Series 9 will be the company's first carbon-neutral product. Additionally, the company is phasing out leather bands for its watches.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 5:27 pm

AAPL

Apple has announced that its upcoming Apple Watch Series 9 will use 100% recycled cobalt in its battery. This move is part of Apple's commitment to environmental sustainability.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 5:23 pm

WMT

Walmart's CEO has expressed optimism for the upcoming holiday season and the following year, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 4:59 pm

SKIN

The Beauty Health Company (NASDAQ:SKIN) announced a business transformation program aimed at driving profitable growth by cutting costs and streamlining operations. The program is expected to realize annualized cost savings of over $20 million during Q1 2024 and over $15 million during Q2 2024. The company also announced a stock buyback program of up to $100 million. The company's shares are trading higher by 24.41%.

Portfolio Pulse from Shivani Kumaresan

September 12, 2023 | 4:01 pm