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Corporate Responsibility

GOOG

GOOGL

Google is cutting jobs at its Waze mapping service as it merges the unit with its own map products. The company is shifting its Waze strategy to include Google ads rather than using a separate ads system, which will result in layoffs. The company aims to create a more scalable and optimized Waze Ads product. The number of jobs to be eliminated was not specified. This follows Google's announcement in January of laying off 12,000 employees, or 6% of its workforce.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 10:02 pm

MNTK

Montauk Renewables plans to develop a renewable natural gas facility in Orange County, California. The project, expected to be commissioned in 2026, will process large volumes of biogas. The projected capital investment is between $85M and $95M, with a production capacity of approximately 3,600 MMBtu per day.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 9:38 pm

SPR

Spirit AeroSystems, Inc., a subsidiary of Spirit AeroSystems Holdings, Inc. (NYSE:SPR), has proposed a new four-year contract to the Local Lodge 839 of the International Association of Machinists and Aerospace Workers (IAM). The contract includes a total wage increase of 9.5% in the first year and a guaranteed increase of 23.5% over the contract's life. IAM union members will vote on the contract on June 29.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 9:04 pm

AGRX

Agile Therapeutics has appointed Scott Coiante as Senior Vice President, CFO, and Treasurer, effective from August 16, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 8:50 pm

GOOG

GOOGL

A study by Adalytics has found that Google violated its own standards in ad deals for third-party sites about 80% of the time. The research suggests that Google's practices may not be as transparent or fair as they claim to be.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 8:49 pm

GOOG

GOOGL

Google has refuted claims made in the Adalytics report, stating that it contains many inaccuracies. The company maintains that it has strict policies for its video ad program and has promised that video ads will run with audio on, and brands will only pay for ads that aren't skipped.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 8:49 pm

CMRX

Chimerix has announced the promotion of Michael T. Andriole to the position of President and Chief Executive Officer.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 8:07 pm

MNMD

MindMed (NASDAQ:MNMD) announced that shareholders elected all six of its nominees at the annual meeting, indicating support for the company's current R&D strategy. The new board of directors includes CEO Robert Barrow, Dr. Suzanne Bruhn, Dr. Roger Crystal, David Gryska, Andreas Krebs, and Carol A. Vallone. The company is looking forward to two key clinical readouts expected later this year.

Portfolio Pulse from Lara Goldstein

June 27, 2023 | 7:36 pm

MSFT

NTDOY

SONY

Nintendo's President Shuntaro Furukawa announced that Nintendo Accounts will be used to facilitate a smooth transition for users from the Nintendo Switch to the company's upcoming console. There are currently over 290 million active Nintendo Accounts across console and mobile platforms. This move aligns Nintendo with industry leaders such as Sony and Microsoft, who have successfully transitioned users' accounts across hardware generations. Despite a decline in Switch sales, Nintendo maintains that the current console has at least another year of relevance.

Portfolio Pulse from Franca Quarneti

June 27, 2023 | 6:40 pm

AREC

Iceberg Research published a report on American Resources Corporation (AREC) titled 'American Resources ($AREC): More Losses, Hype, And Related Party Transactions', highlighting the company's financial issues and related party transactions.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 3:19 pm