Streetbeat News

Corporate Responsibility

AGR

Avangrid has announced the completion of the installation of the first offshore substation in the U.S. This development could potentially boost the company's renewable energy portfolio and enhance its market position.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 8:02 pm

MCD

McDonald's Corp (NYSE:MCD) is known for serving up consistent dividends to its shareholders, currently offering a 2.05% dividend yield, translating to around $6.08 per share annually. The company's recent earnings report exceeded Street estimates, with strong sales recovery in China and increased U.S. visits. McDonald's also reported an $18 million expenditure on corporate restructuring, including layoffs and buyouts.

Portfolio Pulse from AJ Fabino

July 28, 2023 | 4:15 pm

APLD

RILY

A report by The Friendly Bear Short Research suggests that B. Riley is controlling managerial decisions at Applied Digital, potentially to the detriment of Applied Digital shareholders. The report raises concerns about the independence of Applied Digital's board, potential conflicts of interest, and potential legal risks for both companies. It also suggests that B. Riley's influence on Applied Digital may be putting B. Riley's interests ahead of Applied Digital shareholders.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 2:31 pm

INDA

TSLA

Senior Tesla executives have held discussions with officials from India's investment promotion arm, Invest India, regarding the company's plans to enter the Indian market. Tesla has expressed interest in building a factory in India to produce a low-cost electric vehicle priced at $24,000, which is 25% cheaper than Tesla's current entry model. The vehicle would be for both the Indian market and export. The discussions represent a significant shift for Tesla after previous efforts to reduce import taxes on EVs shipped to India were unsuccessful.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 2:21 pm

ADDYY

Adidas AG plans to sell more Yeezy shoes globally from its inventories throughout August. The proceeds will be donated to organizations combating discrimination and hate. The range will include popular existing designs. The second round of inventory stock will feature products from 2022. Since terminating the YEEZY partnership in October, Adidas has been exploring multiple scenarios for the potential use of the existing YEEZY inventory. Adidas shares were up by 2.68% to $101.78 on the last check Friday.

Portfolio Pulse from Nabaparna Bhattacharya

July 28, 2023 | 2:10 pm

UL

Unilever Plc (NYSE:UL) has appointed Ian Meakins as the new Chairman, succeeding Nils Andersen. Meakins will join the board as Non-Executive Director and Chair Designate on 1 September 2023 and succeed Andersen on 1 December 2023. Andersen will step down from the board at Unilever's Annual General Meeting in May 2024. Meakins is currently chairman of Compass Group PLC and Rexel SA, and formerly served as CEO of Wolseley Plc. The new leadership team will need to repair relations with shareholders and focus on sales growth and margins.

Portfolio Pulse from Vandana Singh

July 28, 2023 | 2:03 pm

META

Four new studies have found that removing some algorithm functions on Meta Platforms' Facebook and Instagram had no measurable effects on people's political beliefs. The studies, which were conducted in collaboration with Meta, also found that political news consumption on the platforms was highly segregated by ideology. Despite these findings, researchers hope the studies will lead to more comprehensive work in the field. Meta spent $20 million on the research.

Portfolio Pulse from Anusuya Lahiri

July 28, 2023 | 1:55 pm

YOU

CLEAR has responded to a recent Bloomberg article, stating that it inaccurately portrays the company's security measures and its collaboration with the TSA in maintaining airport safety. CLEAR claims that despite providing reporters with factual information and on-the-record responses that contradict the article's content, Bloomberg chose to ignore these details.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 1:41 pm

LFSWF

Lifeist Wellness Inc. reported Q2 FY23 net revenue of CA$6.2 million ($4.7 million), a 51% YoY increase, driven by a CA$1.2 million increase in Aus Vapes hardware revenue, and growth in CannMart cannabis and Mikra nutraceutical revenues. The company also reported a gross profit of CA$1.8 million, a net loss of CA$2.2 million, and an improved adjusted EBITDA loss of CA$2.4 million. Lifeist's CFO, Slava Klems, is transitioning to a fractional CFO position.

Portfolio Pulse from Vuk Zdinjak

July 28, 2023 | 1:35 pm

BDRX

Biodexa Pharmaceuticals has launched new corporate and clinical trials websites. The move is aimed at improving the company's online presence and providing better access to information about its ongoing clinical trials.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 12:06 pm