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Home Depot has closed stores and distribution centers in areas impacted by Hurricane Idalia to ensure the safety of its associates and customers, according to a company spokesperson.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 2:23 pm

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CONN

CVX

GOOG

HYMTF

JBLU

PVH

TM

WBD

WMT

X

Several companies have made significant announcements. Warner Bros. Discovery has appointed Mark Thompson as the new leader of CNN. Hyundai's JV is investing in Korea Zinc to bolster EV battery raw material supply. Toyota's global production and sales increased in July. JetBlue has launched a new non-stop flight from New York to Amsterdam. Alphabet is trialing a new song-searching feature on YouTube. The FDA has criticized Amazon for listing unauthorized drugs. US Steel is evaluating buyout offers. Walmart is asking some pharmacists to take voluntary pay cuts. A lawsuit against Burger King alleging deceptive advertising continues. Chevron has evacuated staff from some oil platforms due to a hurricane. Conn's reported a revenue decline in Q2 FY24, while PVH's Q2 FY23 sales grew.

Portfolio Pulse from Vandana Singh

August 30, 2023 | 2:03 pm

CLVR

Clever Leaves Holdings Inc. (NASDAQ:CLVR) has been granted an International Declaration of Carbon Neutrality by the 100% Carbon Neutral Program, making it the first known vertically integrated medicinal cannabis company to achieve this certification. The company has implemented several sustainability measures, including solar energy use, waste management optimization, and recycling. In 2022, Clever Leaves reported a total carbon footprint of 318 tons of CO2 equivalent across all its operations and has neutralized its remaining emissions by acquiring international carbon credits.

Portfolio Pulse from Javier Hasse

August 30, 2023 | 1:49 pm

GSAT

QCOM

Globalstar Inc (GSAT) has appointed Paul Jacobs as CEO and announced a licensing agreement with XCOM Labs. Jacobs, founder and CEO of XCOM Labs and former CEO of Qualcomm Inc (QCOM), will replace retiring David Kagan. The agreement gives Globalstar exclusive access to key XCOM technologies and personnel. XCOM will receive approximately 60 million shares of Globalstar common stock. GSAT shares have risen 23.6% and 8.4% on consecutive days.

Portfolio Pulse from Adam Eckert

August 30, 2023 | 1:38 pm

WBD

Warner Bros. Discovery Inc (NASDAQ:WBD) is reportedly close to appointing Mark Thompson, former executive at the New York Times and the BBC, as the new CEO of CNN. This move is seen as a strategy to combat CNN's prolonged ratings decline. Thompson's tenure at the New York Times was marked by a successful transformation, including the achievement of 10 million paying subscribers ahead of schedule. His appointment comes as Warner Bros. Discovery seeks to rejuvenate CNN and align its traditional TV business with its digital growth objectives.

Portfolio Pulse from Anusuya Lahiri

August 30, 2023 | 12:42 pm

VIPS

Vipshop, a leading online discount retailer in China, has partnered with The Nature Conservancy (TNC) to finance the inaugural year of Beijing's Miyun Close-to-Nature Forest Management and Bird Habitat Optimization Project. The project aims to enhance the forest ecosystem in Miyun District, with a focus on migratory bird habitats and pioneering a global standard for close-to-nature forest management. Vipshop is also a pledge member of the World Economic Forum's Trillion Trees Initiative.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 12:18 pm

WBD

Warner Bros. Discovery has appointed Mark Thompson as the Chairman and CEO of CNN Worldwide. The appointment will be effective from October 9, and Thompson will report to David Zaslav, CEO of Warner Bros. Discovery.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 12:13 pm

AAMC

Altisource Asset Management Corporation (AAMC) announced the resignation of CEO Jason Kopcak. The company is restructuring its lending operations and has made significant progress on cost-cutting initiatives and enhancing liquidity. Danya Sawyer, COO of Alternative Lending Group, has been appointed as Interim CEO. The company has reduced costs, streamlined operations, and reduced reliance on short-term lines of credit.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 12:09 pm

IE

Ivanhoe Electric's 90%-owned subsidiary, VRB Energy, has achieved global safety certification for its third-generation vanadium redox flow batteries. This certification could potentially increase the company's market share and competitiveness.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 11:14 am

ORGN

Origin Materials has announced the appointment of Pam Haley as its Interim Chief Financial Officer. No further details were provided in the article.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 11:12 am