Streetbeat News

Corporate Responsibility

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

HYZN

Hyzon Motors has announced changes to its board of directors. Andrea Farace has been named Vice Chairman, and Erik Anderson will take over as Chairman from George Gu, effective August 24, 2023. George Gu has resigned to pursue other personal and professional endeavors.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 11:08 am

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DD

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PANW

TSLA

ZM

US stocks recorded a weekly loss, with Zoom Video and Palo Alto Networks among stocks to watch. Crypto market saw a slide with Vitalik Buterin sending $1M in Ethereum to Coinbase. Tesla faced a data breach affecting over 75,000 people and Elon Musk revealed challenges in developing Tesla's humanoid bot. Citigroup plans to split its biggest division, while Goldman Sachs faces potential lawsuits over 1MDB settlement. DuPont plans to sell its Delrin Resins business for $1.8B.

Portfolio Pulse from Akanksha Bakshi

August 21, 2023 | 11:06 am

KTB

Kontoor Brands has appointed Joe Alkire as its new Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 10:55 am

AVA

Avista Corporation (AVA) has commenced an investigation into the Gray Fire, which was caused by a severe windstorm on August 18, 2023, and has so far found no indication that its facilities were involved in the ignition of the fire. The fire has burned more than 10,000 acres in and near Medical Lake, Washington, damaging at least 185 structures.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 10:38 am

AXNX

Axonics has appointed Kari Keese as its new Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 10:05 am

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DBSDF

DBSDY

Citigroup Inc is reportedly considering splitting its largest division, Institutional Clients Group (ICG), into three primary business segments. The move is expected to give CEO Jane Fraser more direct control over operations. ICG, which generated revenue of around $10.4 billion in Q2 FY23, offers financial services to institutional investors and governments. The transaction will be the bank's most significant shake-up of its corporate structure in nearly 15 years. The bank also recently closed the sale of its Taiwan consumer businesses to DBS Group Holdings Ltd.

Portfolio Pulse from Lekha Gupta

August 21, 2023 | 9:38 am

TSLA

Tech YouTuber Marques Brownlee's video helped Tesla Inc. (NASDAQ:TSLA) discover a bug in their app that doubled the statistics of solar energy production and usage. The bug did not impact the financial calculations related to his solar investment but prompted a reevaluation of his energy consumption patterns.

Portfolio Pulse from Ananya Gairola

August 21, 2023 | 7:04 am

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Citigroup is planning to disband its Institutional Clients Group into its three primary business segments, according to the Financial Times.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 4:57 am