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CPMD

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YCBD

Delaware State Senate confirms Robert Coupe as the first cannabis commissioner for the state. Tauhid Chappell is appointed executive director of the Cannabis Training Academy. Trulieve Cannabis Corp. appoints Tim Mullany as CFO, while MedMen Enterprises Inc. announces the resignation of Ana Bowman as CFO. Xebra Brands Ltd., 1933 Industries Inc., Red White & Bloom Brands Inc., and TerrAscend Corp. announce new board appointments. CannaPharmaRx, Inc. names Dean Medwid as its new CEO. cbdMD appoints Dr. Lucille Vega as their new medical advisor.

Portfolio Pulse from Jelena Martinovic

June 23, 2023 | 4:13 pm

NKLA

Nikola Corp's stock is trading lower after a fire broke out at its Phoenix headquarters, affecting multiple battery electric trucks. The company suspects foul play and an investigation is underway. This comes amid Nikola's plans to cut 270 jobs, delivery challenges, executive turnover, and calls for leadership replacement.

Portfolio Pulse from Anusuya Lahiri

June 23, 2023 | 3:57 pm

ABCM

Abcam shares are trading higher after the company announced an initiative to explore strategic alternatives, including a potential sale.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 3:42 pm

AMZN

MLKN

TSLA

A PwC survey reveals that 25% of workers are considering a career change due to the 'Great Resignation' and remote work debate. The trend spans across various industries, with 42% of employees planning to demand pay raises. Tesla, MillerKnoll, and Amazon have differing stances on remote work.

Portfolio Pulse from Michael Cohen

June 23, 2023 | 3:11 pm

AAPL

TSM

TSMC's Arizona plant, set to make chips for Apple, faces safety concerns after multiple accidents, near-misses, and a faked active shooter drill to cover up a gas leak evacuation. The plant has been contentious for financial reasons, with TSMC seeking huge subsidies from the US government.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 3:00 pm

ABCM

Abcam PLC (NASDAQ: ABCM) announced its Board of Directors has unanimously decided to explore strategic alternatives, including a potential sale of the company. The process will begin immediately, and the company has received strategic queries from several parties recently.

Portfolio Pulse from Akanksha Bakshi

June 23, 2023 | 2:49 pm

TSLA

Elon Musk's biographer, Walter Isaacson, believes Musk's place in history is greater than current innovators like Mark Zuckerberg or Jeff Bezos. Isaacson highlights Musk's hands-on approach to production and focus on the machine that makes the product, which sets him apart from visionaries like Steve Jobs.

Portfolio Pulse from Shanthi Rexaline

June 23, 2023 | 2:12 pm

KMX

Carmax Inc executives stated in a conference call that the company is in good shape from an inventory standpoint.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 1:43 pm

CVNA

Forbes investigation reveals allegations of fraudulent invoicing and subpar work by HyperSport Industries, a former vendor of Carvana. HyperSport performed cosmetic work on used cars sold by Carvana and was allegedly controlled by a Carvana manager or his associates. Carvana has not been accused of any wrongdoing in connection with HyperSport.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 1:41 pm

BABA

Alibaba Group Holding Limited (NYSE:BABA) is preparing for a major overhaul under new leadership, with Eddie Yongming Wu set to become CEO in the autumn. The company aims to regain market share lost to emerging online platforms while complying with China's regulatory norms. Jack Ma plans to be more deeply involved, focusing on small and medium-sized Taobao sellers.

Portfolio Pulse from Anusuya Lahiri

June 23, 2023 | 1:40 pm