Streetbeat News

Corporate Responsibility

HYPR

Hyperfine has announced the promotion of Tom Teisseyre to the position of Chief Operating Officer (COO).

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:06 pm

GTBIF

The Teamsters Union has issued a statement calling on Green Thumb Industries (OTCQX:GTBIF) to address safety concerns following the death of an employee at its cultivation and manufacturing facility. The union has previously filed unfair labor practice charges against GTI, and employees have lodged at least five complaints with the Occupational Safety and Health Administration (OSHA) alleging serious safety and health violations. The union also accuses GTI of violating federal law during a union organizing drive in 2021.

Portfolio Pulse from Nina Zdinjak

July 18, 2023 | 5:25 pm

VZ

Verizon Communications has launched an investigation into potential lead contamination related to its old phone cables. The company's shares are trading higher following the announcement.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 4:48 pm

META

TWTR

Twitter Inc, under Elon Musk's leadership, has reportedly not provided severance pay to its laid-off employees in Ghana, part of Musk's cost-cutting measures. Since Musk's acquisition of Twitter for $44 billion in October, the platform has seen a decline in advertising revenue and continues to generate negative cash flow. Twitter also faces competition from Meta Platforms Inc's Threads platform.

Portfolio Pulse from Anusuya Lahiri

July 18, 2023 | 4:41 pm

AZN

PIRS

Pieris Pharmaceuticals Inc (PIRS) shares are trading higher after the company provided a strategic update following AstraZeneca Plc's (AZN) decision to terminate their R&D collaboration agreement and discontinue the remaining discovery program. Pieris is now focusing on new or expanded partnerships to advance its therapeutic programs and has initiated a corporate restructuring that will reduce its workforce by approximately 70%. The company has retained Stifel, Nicolaus & Company Inc. as its financial advisor to evaluate strategic options.

Portfolio Pulse from Vandana Singh

July 18, 2023 | 3:59 pm

PCG

Pacific Gas and Electric Company (PG&E) is launching two new programs, Empower EV and Multifamily Housing and Small Business EV Charger, to improve access to electric vehicle (EV) charging infrastructure in underserved communities. The programs offer no-cost EV charging infrastructure and resources to help cover the costs of installing chargers at homes, multifamily housing units, nonprofit organizations, and small businesses in low- and moderate-income communities. The Empower EV program offers income-eligible customers up to $2,500 in incentives to help cover the cost of installing EV-charging equipment at their single-family residences.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 3:56 pm

META

MSFT

Meta Platforms Inc. has announced that its new product, Llama 2, will come with an 'Acceptable Use' policy. This policy prohibits uses including violence, terrorism, child exploitation, and other criminal activities.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 3:54 pm

MARA

Marathon Digital (NASDAQ:MARA) is facing a lawsuit from its shareholders accusing CEO Fred Thiel and other executives of breaching fiduciary duties, unjust enrichment, and wasting corporate assets. The shareholders are seeking compensation for wrongful acts that led to a complaint against the company by the SEC. They are also seeking to improve the company's governance by enhancing the Board's oversight of operations, nominating shareholder candidates to the Board, and abolishing the existing directors' election process.

Portfolio Pulse from Murtuza Merchant

July 18, 2023 | 3:23 pm

KSCP

Knightscope has announced via Twitter that it is conducting an investigation into market manipulation, disclosure violations, and tortious interference. The company is considering legal action to support its shareholders.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 3:22 pm

HLIO

PII

Helios Technologies Inc (NYSE:HLIO) announced the retirement of its CFO, Tricia L. Fulton, who served the company for 26 years. Sean P. Bagan, currently Vice President, Finance – Business Unit CFO for International & Shared Services at Polaris Inc (NYSE:PII), has been appointed as the new CFO. Bagan will assume his new role after Helios' earnings call on August 8. Following the news, HLIO shares traded lower by 0.84% at $64.06.

Portfolio Pulse from Shivani Kumaresan

July 18, 2023 | 3:14 pm