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Corporate Responsibility

UAVS

AgEagle Aerial Systems has received a notice from its CFO, Nicole Fernandez-McGovern, stating that she has been terminated for 'Good Reason'. The company is currently discussing the period of time she will remain in her role as CFO.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 8:23 pm

SGMT

Sagimet Biosciences Inc has announced a change in leadership, with Tony Rimac taking over as the company's Chief Financial Officer.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 8:04 pm

MU

Micron Technology Inc (NASDAQ:MU) plans to expand memory chip production in Boise, Idaho, and Clay, New York, with the help of federal funding and tax credits. The company has applied for funds under the CHIPS Act, which aims to strengthen and diversify supply chains. Micron plans to invest $15 billion in its Idaho facility by 2032, creating 17,000 jobs. In New York, the company plans to invest up to $100 billion over the next two decades. However, the Cybersecurity Administration of China has labeled Micron as a cybersecurity threat, banning Chinese operators from purchasing from the company.

Portfolio Pulse from Anusuya Lahiri

August 21, 2023 | 6:10 pm

TSLA

The U.S. government's reliance on Elon Musk's companies, SpaceX and Tesla Inc (NASDAQ:TSLA), in areas like space exploration, transportation, and energy is causing concern. Musk's risk-taking nature and influence in geopolitical conflicts present challenges for the government. His power extends beyond business into political discourse, as seen in his recent rebranding of Twitter as 'X'.

Portfolio Pulse from Michael Cohen

August 21, 2023 | 4:00 pm

AMZN

C

DD

DIS

GM

GS

KHC

META

MPW

ODFL

SCU

TSLA

WMT

X

Meta Platforms is preparing to launch a desktop version of Threads to compete with Elon Musk's X. Amazon has restarted its external shipping service, challenging FedEx and UPS. High-profile investors have presented a competing bid for Sculptor Capital Management. Kraft Heinz plans to offer Lunchables to school cafeterias. Medical Properties Trust's deal with Prospect Medical Holdings is on hold. Tesla has suffered a data breach affecting over 75,000 people. Old Dominion Freight Line has offered $1.5 billion to acquire Yellow Corp's terminals. General Motors' Cruise is under investigation after a collision. DuPont is in talks to sell its Delrin resins unit. Disney is in a legal battle with Florida Governor Ron DeSantis. Goldman Sachs faces potential lawsuits over the 1MDB scandal. Citigroup is considering splitting its largest division. Walmart and Centric Brands are examining their Cambodian supply chains. US Steel denies union veto rights in company sale.

Portfolio Pulse from Vandana Singh

August 21, 2023 | 3:17 pm

JBLU

JetBlue (NASDAQ:JBLU) has launched its eighth Gateway development program, Gateway Rotor Transition Program (RTP), which provides a pathway for U.S. military-trained helicopter pilots to transition to commercial aviation. The program, in partnership with SkyWarrior Flight Training LLC, offers training and certification for pilots to join JetBlue as first officers. The first Gateway RTP class is set to start in fall 2023. JetBlue's Gateway programs have been running for 15 years and have brought hundreds of skilled pilots to the airline.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 2:03 pm

GS

Goldman Sachs CEO David Solomon has faced internal opposition and adverse media coverage, but continues to enjoy the confidence of the bank's board members and key shareholders. Despite criticism for the bank's short-lived venture into retail banking, Solomon's proactive approach to engaging investors has been appreciated. Goldman Sachs is also exploring the sale of a part of its wealth business catering to high-net-worth clients. The bank's shares traded lower by 0.12% at $324.53 on the last check Monday.

Portfolio Pulse from Anusuya Lahiri

August 21, 2023 | 1:37 pm

AEP

American Electric Power (AEP) has announced changes to its board of directors. Julie Sloat, currently AEP's president and CEO, has been elected as the new chair of the board, effective from October 2. Nicholas K. Akins will retire and step down from his position as executive chair of AEP's board on October 1. Additionally, Daniel G. Stoddard, a retired senior vice president from Dominion Energy, has been elected to the board. Oliver G. Richard III has resigned from the board for personal reasons.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 12:14 pm

INDV

Indivior Inc., a subsidiary of Indivior PLC (NASDAQ:INDV), has reached an agreement to resolve the claims brought by the end payor class of litigants in the In re Suboxone Antitrust Litigation multi-district litigation. The company expects to pay $30 million to the end payor claimants, which will be recorded against the $188 million provision. The payment is expected to be made in September 2023.

Portfolio Pulse from Vuk Zdinjak

August 21, 2023 | 11:34 am

FOLD

Amicus Therapeutics has appointed Simon Harford as its new Chief Financial Officer, effective immediately. The current CFO, Daphne Quimi, is set to retire at the end of the year.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 11:18 am