Streetbeat News

Corporate Responsibility

BAX

Baxter International Inc. has announced that its proposed spinoff of its renal care and acute therapies businesses will be named Vantive. The spinoff is expected to launch as an independent, publicly traded company by July 2024 or earlier.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 12:17 pm

CPRX

Catalyst Pharmaceuticals announced that its co-founder, chairman, and CEO, Patrick McEnany, will retire as CEO by the end of the year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 12:08 pm

BABA

Alibaba Group Holding Limited (NYSE:BABA) has been in the spotlight due to its organizational and management restructuring aimed at unlocking shareholder value. The company also received relief from a regulatory crackdown with a final penalty for Ant Group. Alibaba has decided not to reduce its Ant Group stake and reported progress in cutting emissions. The company reinstated Jiang Fan as the international business unit leader. Alibaba's shares traded higher by 1.82% at $98.10 premarket on Tuesday.

Portfolio Pulse from Anusuya Lahiri

July 25, 2023 | 11:48 am

CF

CF Fertilisers UK Limited, a subsidiary of CF Industries Holdings, Inc. (NYSE:CF), plans to permanently close the ammonia plant at its Billingham Complex in the UK. The company aims to secure its long-term sustainability and serve its customers more efficiently. It will continue to produce ammonium nitrate fertiliser and nitric acid at the Billingham site using imported ammonia.

Portfolio Pulse from Charles Gross

July 25, 2023 | 11:46 am

DOGEUSD

TSLA

Elon Musk, CEO of Tesla and owner of X Corp, commented on Twitter's temporary rebranding to a Shiba Inu dog, the mascot of Dogecoin, stating it had no significant impact. This follows a previous incident where Dogecoin's logo replaced Twitter's icon, causing Dogecoin's price to surge over 20% in 30 minutes. Musk is currently facing a $250-million lawsuit alleging he used a pyramid scheme to inflate Dogecoin's price.

Portfolio Pulse from Benzinga Neuro

July 25, 2023 | 7:41 am

GOOG

GOOGL

Alphabet Inc.'s 'Made by Google' Twitter account mocked Elon Musk's rebranding efforts of Twitter, which he acquired for $44 billion last year. The Google account made a playful remark incorporating the letter 'X' into the word 'Pixel', alluding to Musk's fondness for the symbol. This interaction reflects a history of rebranding in the tech world, with Google undergoing a significant transformation in 2015 when it was restructured under Alphabet.

Portfolio Pulse from Ananya Gairola

July 25, 2023 | 1:56 am

SQ

TWTR

Twitter has been rebranded to X by its owner Elon Musk, replacing the iconic bird logo. Jack Dorsey, co-founder of Twitter and CEO of Block Inc, stated that the rebranded platform's utility would be its ultimate measure, not its name. The original Twitter logo was purchased from iStock.com for $15 and named 'Larry' after basketball player Larry Bird. The final bird logo was designed by Martin Grasser, Todd Waterbury, and Angy Che.

Portfolio Pulse from Shivdeep Dhaliwal

July 25, 2023 | 12:37 am

K

Kellogg Company (NYSE:K) has filed a Form 10 registration statement with the SEC, relating to its plan to split into two businesses: Kellanova and WK Kellogg Co. Kellanova is expected to have about $12.6 billion in 2022 net sales, focusing on global snacking, international cereal and noodles, and North America frozen foods. WK Kellogg Co, with projected $2.7 billion in 2022 net sales, will focus on the cereal market in the U.S., Canada, and the Caribbean.

Portfolio Pulse from Charles Gross

July 24, 2023 | 9:34 pm

TCNNF

Cannabis regulations are evolving across the US, with updates in Minnesota, Washington State, Illinois, and Arizona. The American Trade Association for Cannabis and Hemp is urging Senate leaders to pass the SAFE Banking Act, which would allow cannabis businesses to access banking services. Minnesota is considering banning public cannabis smoking, while Seattle is enhancing labor protections for cannabis dispensary employees. Phoenix has granted Trulieve Cannabis Corp (OTCQX:TCNNF) a six-month extension to rectify its odor issue.

Portfolio Pulse from Joana Scopel

July 24, 2023 | 8:56 pm

GOOG

GOOGL

Former Alphabet Inc recruiter, Nolan Church, has advised job applicants to avoid long blocks of text in their resumes. According to Church, such resumes have 'zero chance' of moving forward in the hiring process. He suggested using tools like ChatGPT or Grammarly to help clean up job descriptions and check for errors. He also recommended having 5-10 people review resumes before submission.

Portfolio Pulse from Adam Eckert

July 24, 2023 | 7:43 pm