Streetbeat News

Corporate Responsibility

WBA

Walgreens Boots Alliance, Inc. (WBA) has partnered with Mental Health America to launch a back-to-school campaign and toolkit, focusing on social media and online communities. The initiative aims to provide resources for mental health and wellness.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 11:07 am

LE

Lands' End has partnered with materials science company Recover to transform textile waste into sustainable denim. This collaboration aims to reduce waste and promote sustainability in the fashion industry.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 7:17 am

MCLD

mCloud Technologies has approved a new corporate structure to maximize value from the exploration of strategic alternatives. The company is considering various options to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 5:09 am

PYPL

Reid Hoffman, former COO of PayPal Inc (NASDAQ:PYPL), criticized Elon Musk's handling of the merger that led to the creation of PayPal. Musk's internet banking firm, X.com, merged with Confinity, a security software company co-founded by Peter Thiel, in 2000. Hoffman accused Musk of pushing for the merger by highlighting the talents of X.com’s leading executive, only to later force out that executive and assume the top position himself.

Portfolio Pulse from Benzinga Neuro

August 22, 2023 | 1:26 am

SCHW

Charles Schwab Corp (NYSE:SCHW) announced plans to cut jobs and downsize offices to reduce costs. The company expects to realize at least $500 million in cost savings annually from these actions, but also expects to incur $400 million to $500 million in exit and related costs, primarily due to employee compensation and benefits. Most of the costs related to the headcount reduction will be realized in the second half of 2023.

Portfolio Pulse from Adam Eckert

August 21, 2023 | 8:55 pm

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