Streetbeat News

Corporate Responsibility

CRL

Charles River Laboratories International Inc (NYSE:CRL) has partnered with four entities to enhance protections for horseshoe crabs and the red knots bird species in South Carolina. The horseshoe crabs' unique milky-blue blood is crucial in detecting bacterial contamination in intravenous drugs and medical implants, including COVID-19 vaccines. The new agreement restricts the collection of horseshoe crabs across more than 30 islands along the South Carolina coast.

Portfolio Pulse from Vandana Singh

August 25, 2023 | 12:03 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is launching a free train shuttle service for its Berlin Gigafactory workers and the general public starting September 4. The service will run 60 times a day from Monday to Friday, accommodating over 1,500 employees per shift. Tesla acquired the track from Deutsche Regionaleisenbahn Group in January 2022. The shuttle aims to make commuting easier and reduce traffic congestion.

Portfolio Pulse from Anan Ashraf

August 25, 2023 | 11:36 am

NVO

Novo Nordisk's CEO, Lars Fruergaard Jorgensen, announced plans to collaborate with European healthcare systems to improve access to its weight-loss drug, Wegovy, for less fortunate and more obese individuals. The company aims to seek reimbursement for patients with the highest BMI and those less fortunate from a socio-economic point of view. Wegovy leads to an average weight loss of around 15% when used alongside dietary and exercise changes.

Portfolio Pulse from Benzinga Neuro

August 25, 2023 | 11:24 am

CTLT

NVO

Novo Nordisk's CEO expressed confidence in Catalent's ability to resolve production issues related to Wegovy, a drug produced by Novo Nordisk.

Portfolio Pulse from Charles Gross

August 25, 2023 | 9:45 am

VSAT

Viasat announced that the Inmarsat-6 F2 (I6 F2) satellite, launched on February 18, 2023, has experienced a power subsystem anomaly during its orbit raising phase. However, the company stated that this will not impact ongoing customer services and does not anticipate it to materially affect its financial outlook for revenue and Adjusted EBITDA growth.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 9:32 pm

WSFS

WSFS Financial Corporation has announced that Arthur J. Bacci will serve as the company's interim CFO. The current CFO, Dominic C. Canuso, will end his employment with the company on August 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:25 pm

WHR

Whirlpool has agreed to pay an $11.5M civil penalty to settle charges that it failed to immediately report glass cooktops posing burn and fire hazards, as required by law.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:03 pm

HE

The Hawaii Power Utility is believed to have started the deadly Lahaina fire. The company has removed damaged power poles and other equipment from a key fire scene, potentially affecting evidence that is part of an official investigation into how the blaze ignited.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 6:45 pm

HE

Lawyers have accused Maui Electric Company (MECO), a subsidiary of Hawaiian Electric Industries (HE), of potentially compromising evidence in an investigation into a deadly fire. The allegations suggest that MECO may have tampered with equipment that is central to the probe.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 6:45 pm

AAPL

AMZN

GOOG

MSFT

NET

The rise of nonconsensual deepfake pornography, facilitated by AI technology, has seen a ninefold spike since 2019. Tech giants like Alphabet Inc's Google, Amazon.com Inc, X (previously known as Twitter), Microsoft Corp, and Cloudflare, Inc. have inadvertently contributed to this trend by providing tools, platforms, and infrastructure that enable the creation and distribution of such content. Advocates are urging these companies to take more proactive measures to curb the spread of deepfakes.

Portfolio Pulse from Anusuya Lahiri

August 24, 2023 | 3:59 pm