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Corporate Responsibility

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

EADSY

Airbus SE has signed a pact with DG Fuels, LLC, a provider of sustainable aviation fuel (SAF). The partnership aims to support DG Fuels' goal of launching the equity process and reaching a final investment decision on building its first SAF plant in the U.S. by early 2024. The plant is expected to have an initial production capacity of 120 million US gallons of SAF per year, potentially saving approximately 1.5 million tonnes of CO2 emissions annually from 2026.

Portfolio Pulse from Nabaparna Bhattacharya

September 12, 2023 | 3:47 pm

AAPL

AMZN

DKNG

MGM

MRNA

NVAX

PFE

STLA

UPS

WRK

DraftKings apologizes for a controversial promotion on its app. MGM Resorts is dealing with a cybersecurity issue. WestRock is merging with Smurfit Kappa to create a sustainable packaging company. Moderna and Pfizer receive FDA approval for updated COVID-19 vaccines, while Novavax's vaccine is still awaiting approval. GlobalFoundries expands its presence in Singapore. Amazon invests in direct air capture climate technology. Acelyrin's izokibep fails to meet statistical significance in a study. UAW is in labor talks with General Motors, Ford, and Stellantis. Apple plans to sell 'Made in India' iPhone 15 on launch day. Arm Ltd is preparing for an IPO. Cadence Design Systems' CEO says semiconductor packaging is key to U.S. leadership in AI. UPS CEO pitches new labor contract.

Portfolio Pulse from Vandana Singh

September 12, 2023 | 2:32 pm

BNBUSD

BTCUSD

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ETHUSD

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Binance Charity has pledged to distribute up to $3 million in BNB tokens to Binance users in Morocco affected by a recent earthquake. Users in the hardest-hit Marrakesh-Safi Province who had completed their Proof of Address (POA) by Sept. 9, 2023, are eligible to receive an airdrop of $100 in BNB. Those completing their POA between Sept. 9 and Sept. 30 will receive $25 in BNB. Active Binance users throughout Morocco will receive an airdrop of $10 in BNB. Binance anticipates that approximately 70,000 Moroccan users will benefit from these relief measures.

Portfolio Pulse from Murtuza Merchant

September 12, 2023 | 2:26 pm

BAK

Braskem (BAK) has agreed to purchase plastic-waste-derived feedstock from Vitol SA, which is produced by waste plastic upcycling. This move is part of Braskem's commitment to a circular economy and sustainable practices.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 1:09 pm

SKIN

BeautyHealth has announced a business transformation program aimed at driving profitability and growth. The first phase is expected to generate over $20 million in annualized cost savings during Q1 2024, and the second phase is expected to generate over $15 million in annualized cost savings during Q2 2024. The company's board of directors has also authorized a $100 million share repurchase. BeautyHealth reaffirms its long-term 2025 financial guidance of $600 to $700 million net sales, up to 500 basis points gross margin expansion vs. FY 2021, and 25 to 30% Adjusted EBITDA margin.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 1:03 pm

PHM

PulteGroup has received a $300K commitment from the Pulte Family Charitable Foundation to support its Built to Honor program. The program provides mortgage-free homes to wounded veterans and their families.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 12:39 pm