Streetbeat News

Corporate Responsibility

WETF

WisdomTree has appointed Win Neuger as Board Chair, despite him receiving the most withheld votes of any incumbent director at the 2023 annual meeting of stockholders. This move is seen as a rebuke to stockholders and proxy advisor Institutional Shareholder Services (ISS), who have called for urgent and meaningful Board change. The Board continues to maintain a two-tiered structure where only long-tenured and non-diverse directors hold key roles. ETFS Capital has called on WisdomTree stockholders to voice their views to the Board.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 12:48 pm

BSFC

Blue Star Foods Corp. (NASDAQ: BSFC) has received an option to purchase land for its Recirculatory Aquaculture Systems (RAS) expansion in South Carolina. The company is working with the South Carolina Department of Commerce on economic development and incentives for the crab project. Preliminary proposals offer up to $3 million in incentives. The land, costing approximately $11.41 million, will be used to construct a new facility and integrate a Crab Hatchery, making it the largest Soft Shell Crab facility on the eastern shore of the US.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 12:34 pm

SHEL

Iveco Group has reconfirmed its commitment to accelerate the transition to zero-emission mobility, in collaboration with Shell, as per the Memorandum of Understanding (MoU) signed earlier this year. The two companies are working together to develop low-carbon and highly efficient energy solutions.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 9:02 am

AUPH

Aurinia Pharma is exploring strategic alternatives to maximize shareholder value, which has led to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 8:35 am

CYBN

Cybin has appointed Aaron Bartlone as its Chief Operating Officer, effective from July 1, 2023. Bartlone has been serving as the COO of Cybin's U.S. subsidiary, Cybin US Holdings, Inc., since March 2021.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 9:04 pm

YUM

Yum! Brands, Inc. (NYSE:YUM) has announced the promotion of Sean Tresvant to Taco Bell Division CEO, effective January 1, 2024. Tresvant, currently the Global Chief Brand and Strategy Officer of Taco Bell, will succeed Mark King, who is retiring at the end of 2023. Tresvant will be responsible for driving Taco Bell's growth strategies, franchise operations, and overall performance. King led Taco Bell to significant growth, with same-store sales growth of 8% in 2022 and a 40% growth in the digital business.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 8:18 pm

BUD

Bud Light, a unit of Anheuser-Busch InBev (NYSE:BUD), has faced public boycotts and backlash over a link to transgender activist Dylan Mulvaney, leading to a significant drop in sales. In the week ending June 20, sales of Bud Light dropped 28.5% YoY. Anheuser Busch US CEO Brendan Whitworth avoided answering questions about the company's relationship with Mulvaney and future plans. Anheuser-Busch is launching its biggest summer campaign for Bud Light, featuring commercials, concert events, cash giveaways, and social media partnerships.

Portfolio Pulse from Chris Katje

June 29, 2023 | 8:09 pm

AUPH

Aurinia Pharmaceuticals Inc. (NASDAQ:AUPH) has announced that its Board of Directors is exploring strategic alternatives for the company, including a potential sale, merger, or other strategic transaction. The company has not set a timeline for this process. Additionally, the Board has accepted the resignations of two directors and has initiated a search for their replacements.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 8:07 pm

AUPH

Aurinia Pharmaceuticals Inc. (NASDAQ:AUPH) has announced that its Board of Directors is exploring strategic alternatives to maximize shareholder value, including a potential sale, merger, or other strategic transaction. The company has not set a timetable for this process. The Board has also accepted the resignations of two directors and has initiated a search for their replacements.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 8:07 pm

ROOT

Root Inc. has not received any proposal that is actionable or in the best interests of shareholders. The company's Board of Directors continues to evaluate any bona fide proposal or opportunity to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 8:06 pm