Streetbeat News

Corporate Responsibility

CCHWF

CURLF

The cannabis industry is reducing its lobbying efforts in Washington due to financial difficulties stemming from the ongoing federal illegality of marijuana. Major companies like Curaleaf Holdings and Columbia Care have cut their lobbying budgets by 40% and disbanded their lobbying teams respectively. The lack of access to tax breaks, business loans, and bank accounts has exacerbated these issues. The U.S. Cannabis Council has emerged as a new coalition aiming to unify the industry's lobbying efforts.

Portfolio Pulse from Joana Scopel

August 04, 2023 | 10:11 am

YELL

The American Trucking Associations (ATA) has launched a job resource for former employees of Yellow Corporation (YELL). The move is aimed at helping these employees find new employment opportunities within the trucking industry.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:03 am

AWKNF

Awakn Life Sciences Corp. (OTCQB:AWKNF) has sold its Norwegian clinics businesses as part of its business restructuring process. The company will receive a fee for the acquisition and a share of the clinics’ revenue on an ongoing basis. This marks Awakn’s exit from healthcare services and allows the company to focus on its biotech research and development programs around addiction therapeutics. Its lead program AWKN-P001 is expected to enter the Phase 3 clinical stage in the UK within this year’s fourth quarter.

Portfolio Pulse from Lara Goldstein

August 04, 2023 | 9:51 am

UBER

Uber CEO Dara Khosrowshahi discussed the company's future on Bloomberg TV. However, the article does not provide any specific details about the discussion.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 9:42 am

PFE

Pfizer's CEO announced that the company is still assessing the time it will take to bring its Rocky Mount, N.C. plant back online following a tornado. The plant's operations have been disrupted due to the natural disaster.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 9:19 am

DIS

Walt Disney Co (NYSE:DIS) shares are trading higher by 0.39% to $89.22. The rise is attributed to the company engaging former executives Kevin Mayer and Tom Staggs as advisors to CEO Bob Iger for the company's legacy television businesses, including ESPN. The company's second-quarter earnings report is expected on August 9, with an expected EPS of $1.01 on revenue of $22.547 billion.

Portfolio Pulse from Henry Khederian

August 04, 2023 | 9:19 am

UBER

Uber Technologies (NYSE:UBER) reported Q2 revenue of $9.23 billion, missing the expected $9.33 billion. However, the company achieved two financial milestones: free cash flow exceeding $1 billion and a GAAP operating profit for the first time. Uber's revenue rose 14% YoY, with a net income of $394 million. The company's CFO, Nelson Chai, is set to leave in January 2024. Uber also provided a positive Q3 guidance, exceeding StreetAccount’s estimates.

Portfolio Pulse from Upwallstreet

August 04, 2023 | 9:13 am

PCRFY

QS

WDC

QuantumScape Corp has appointed Dr. Siva Sivaram, President of Western Digital Corp, to the newly created role of President. Dr. Sivaram will lead QuantumScape's technology and manufacturing groups as the company transitions from R&D to production. QuantumScape recently announced it shipped updated prototype unit cells to automotive customers and completed equipment installation for its new fast separator production process.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 9:08 am

TSLA

Tesla Inc is seeking nearly $100 million from the U.S. government to construct nine charging stations for its electric semi-trucks along a route from southern Texas to northern California. Each station will be equipped with eight 750-kilowatt chargers specifically designed for Tesla Semi vehicles and four chargers compatible with trucks produced by other manufacturers.

Portfolio Pulse from Benzinga EV Insights

August 04, 2023 | 9:07 am

WISH

ContextLogic Inc. has announced a plan to refocus its operations to support ongoing business prioritization efforts, better align resources, and improve operational efficiencies, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 3:00 pm