Streetbeat News

Corporate Responsibility

JAZZ

Jazz Pharmaceuticals' unit has terminated its lease agreement with Stanford University, effective June 30, 2025, and will pay a lease modification fee. The unit has signed a new lease with Hudson Palo Alto Square to occupy new premises by July 1, 2025.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:25 pm

SLQT

SelectQuote has completed the first phase of its recapitalization by securing a $100 million securitization. This move aims to pay down term debt, lower the cost of capital, and extend the maturity of remaining debt to 2027, with a potential extension to 2028. The company is also exploring strategic options for future growth.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:17 pm

WBA

Walgreens Boots Alliance (WBA) reported strong Q4 FY2024 sales of $37.55 billion, surpassing expectations. The company plans to close 1,200 stores by 2027, with 500 closures in FY2025, to boost EPS and cash flow. Analysts maintain a Hold rating with a price target of $10.

Portfolio Pulse from Vandana Singh

October 16, 2024 | 6:48 pm

CART

UBER

Instacart has appointed a new Chief Technology Officer, hiring an executive from Uber's delivery engineering team. This move could signal Instacart's focus on enhancing its technology and delivery capabilities.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 5:32 pm

BA

UAL

United Airlines CEO expressed appreciation for Boeing CEO's long-term focus, aligning with United's priorities, during a conference call.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 3:47 pm

RENB

Renovaro shares are experiencing an increase in trading activity following the appointment of a new CEO and board member.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 3:39 pm

BA

UAL

United Airlines CEO expresses optimism about Boeing's direction under Kelly Ortberg, expecting a positive rally from Boeing employees.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 3:09 pm

TMUS

TSLA

Elon Musk's Starlink is making significant impacts globally, enhancing healthcare in Rwanda and aiding disaster recovery in the U.S. by providing free internet services in hurricane-affected areas. Starlink is also collaborating with T-Mobile for Direct-to-Cellular services.

Portfolio Pulse from Surbhi Jain

October 16, 2024 | 3:04 pm

BTCUSD

ETHUSD

USDCUSD

XRPUSD

The cryptocurrency industry is significantly influencing the 2024 U.S. election cycle by contributing large sums to both Republican and Democratic candidates. Crypto-linked PACs and donors have raised substantial funds, with notable contributions from industry leaders like David Bailey and Chris Larsen. The industry's strategy focuses on supporting candidates favorable to crypto interests without making cryptocurrency a central campaign issue.

Portfolio Pulse from Ivan Crnogatić

October 16, 2024 | 1:32 pm

MAXN

Maxeon Technologies announced that CEO Bill Mulligan will retire at the end of January 2025. George Guo has been appointed as the new CEO and will join the board effective October 11, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 1:17 pm