Streetbeat News

Corporate Responsibility

GERN

Geron Corporation has announced the appointment of Michelle Robertson as Executive Vice President, Chief Financial Officer and Treasurer. She will replace the retiring CFO, Olivia Bloom.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 8:31 pm

ALGOUSD

CELUSD

Bankrupt cryptocurrency lending company, Celsius, is likely to appoint former Algorand CEO Steve Kokinos to its successor company. The new company, currently named 'NewCo', will be registered under a Delaware corporation. Its board of directors includes executives from WeWork, Credit Suisse and UBS. Celsius filed for bankruptcy protection as it owed billions to investors during the crypto downturn. Celsius creditors are in favor of Fahrenheit’s proposed takeover, which could allow investors to recover some of their lost funds.

Portfolio Pulse from Khyathi Dalal

September 11, 2023 | 8:28 pm

CENN

Cenntro Electric Group Limited has announced its plans to re-domicile to the United States. The company entered into a Scheme Implementation Agreement on September 8, which is subject to court approval in Australia.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 8:02 pm

DKNG

DraftKings Inc (NASDAQ:DKNG) has apologized for a 'Never Forget' parlay promotion that was featured on its app on the night of 9/11. The promotion included bets on the New York Mets, the New York Yankees, and the New York Jets to win their respective games. The promotion was taken down after it was criticized on social media platforms.

Portfolio Pulse from Aaron Bry

September 11, 2023 | 7:14 pm

DXR

Daxor Corporation has been awarded a $305K grant from the National Institutes of Health to develop blood volume guidance software for sepsis patients.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 4:02 pm

AZN

BABA

NVS

QCOM

RTX

SFTBF

UBS

WELL

Several major companies have announced significant developments. Qualcomm has signed a chip supply agreement with Apple, potentially boosting its stock. Vietnam Airlines is nearing a $10 billion deal with Boeing to acquire 50 Boeing 737 Max jets. Welltower has raised its FY23 FFO outlook due to strong capital deployment and senior housing business. Novartis' Sandoz has entered a development and commercialization agreement with Samsung Bioepis. RTX Corp is facing a $3 billion pre-tax charge due to a Pratt & Whitney engine problem. AstraZeneca's CEO, Pascal Soriot, is rumored to be stepping down. Alibaba is undergoing a leadership shakeup in its cloud business. A potential United Auto Workers strike could cost the US economy billions. Apple and Google are facing an antitrust showdown. UBS is planning to cut wealth-management jobs in Asia. Arm Holdings is considering boosting its IPO price.

Portfolio Pulse from Vandana Singh

September 11, 2023 | 2:51 pm

AZN

Shares of AstraZeneca Plc (NASDAQ:AZN) have fallen due to rumors about the potential departure of CEO Pascal Soriot. The speculations were triggered by a report in the Mail on Sunday newspaper, which suggested that Soriot may leave as early as next year. No official decisions or timelines have been announced. AstraZeneca has played a significant role in the global pharmaceutical industry, particularly in the development and distribution of COVID-19 vaccines.

Portfolio Pulse from Vandana Singh

September 11, 2023 | 2:35 pm

AZN

A report from 'This Is Money UK' suggests that AstraZeneca's CEO, Sir Pascal Soriot, is considering stepping down from his position. The news is being circulated among traders.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 2:25 pm

MIRM

Mirum Pharmaceuticals has announced the appointment of Eric Bjerkholt as its new Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 2:11 pm

NVS

Novartis has issued a voluntary nationwide recall of one lot of Sandimmune Oral Solution, 100 mg/mL due to crystallization. The recall is expected to impact the company's revenues and reputation in the short term.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 2:02 pm