Streetbeat News

Corporate Responsibility

JPM

A judge has granted preliminary approval to JPMorgan Chase's $290 million settlement with accusers in the Jeffrey Epstein case. The bank faced allegations of turning a blind eye to Epstein's illegal activities.

Portfolio Pulse from Bill Haddad

June 26, 2023 | 9:54 pm

AZO

AutoZone announced that Bill Rhodes will step down as President and CEO in January 2024, with Philip B. Daniele set to succeed him.

Portfolio Pulse from Bill Haddad

June 26, 2023 | 9:31 pm

MTX

Minerals Technologies Inc. (MTX) announced plans to exit the talc business and is now exploring alternatives, including a potential sale of assets.

Portfolio Pulse from Bill Haddad

June 26, 2023 | 9:20 pm

PETQ

PetIQ has placed R. Michael Herrman on administrative leave effective June 26 due to an ongoing law enforcement investigation into a domestic incident involving him.

Portfolio Pulse from Bill Haddad

June 26, 2023 | 8:53 pm

SANW

S&W Seed Company (SANW) has announced the appointment of Mark Herrmann as CEO, succeeding Mark Wong, effective July 1.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 8:32 pm

MBLY

Mobileye announced that Anat Heller will step down as CFO, and Moran Shemesh Rojansky will assume the role of acting CFO.

Portfolio Pulse from Bill Haddad

June 26, 2023 | 8:16 pm

CLW

Clearwater Paper Corp's board has elected Rebecca A. Barckley as interim CFO, effective July 1, 2023. The company is currently searching for a permanent Chief Financial Officer.

Portfolio Pulse from Happy Mohamed

June 26, 2023 | 8:13 pm

NDLS

Noodles & Company has appointed Michael Hynes as their new CFO, effective July 24. Hynes brings extensive experience in finance and operations to the company.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 8:07 pm

MRNA

PFE

The COVAX initiative, run by Gavi, the WHO, and CEPI, has a $2.6 billion surplus that could be used for future pandemics or vaccine manufacturing in Africa. Around $600 million is allocated as a contingency fund, while $2 billion was refunded by drugmakers. Gavi is proposing a financial support system to help new manufacturers bring products to market competitively.

Portfolio Pulse from Vandana Singh

June 26, 2023 | 5:47 pm

GOOG

GOOGL

META

MSFT

Open-source AI models, such as Meta Platforms' LLaMA, are being used to create specialized AI products, including sexualized chatbots like Allie. While open-source AI allows for innovation and experimentation, it also raises concerns about misuse, such as creating artificial child pornography and other harmful applications.

Portfolio Pulse from Anusuya Lahiri

June 26, 2023 | 5:34 pm