Streetbeat News

Corporate Responsibility

META

Meta Platforms Inc. is facing a lawsuit from multiple state attorneys general, accusing the company of contributing to a youth mental health crisis by making social media addictive for children.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 7:07 pm

GNS

Genius Group has restructured its board by appointing four new members: Eduardo Huerta-Mercado Herrera, Ian Putter, Thomas Power, and Gary Pattison. These appointees bring experience from high-growth public companies and higher education institutions, supporting the company's international growth plans.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 5:36 pm

SNY

Sanofi is negotiating with Clayton Dubilier & Rice (CD&R) to sell a 50% stake in its consumer healthcare business, Opella, for $16.4 billion. The French government may block the sale due to concerns over employment and national healthcare interests. The deal faces political opposition, with critics arguing it could undermine France's healthcare sovereignty.

Portfolio Pulse from Vandana Singh

October 15, 2024 | 5:33 pm

GOOG

GOOGL

Former President Donald Trump criticized Google, stating that the company has a lot of power and has been 'very bad' to him. He mentioned the possibility of taking action against Google, suggesting that it could be made 'more fair' without necessarily breaking it up.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 5:30 pm

RBLX

Roblox has announced the launch of its first-ever Teen Council in the U.S., a 5-month program aimed at collaborating with teens on platform features, online safety, and digital well-being. Applications for the program close on December 6.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 4:48 pm

LUV

Southwest Airlines shares rose after the company responded to Elliott Investment Management's call for a special shareholder meeting. Elliott, holding an 11% stake, seeks board control, proposing eight directors. Southwest aims to resolve the issue constructively while continuing its business transformation.

Portfolio Pulse from Adam Eckert

October 15, 2024 | 4:32 pm

C

Citi CEO Jane Fraser reports that the global economy is showing resilience, with positive corporate sentiment. Clients are adjusting financial activities ahead of the U.S. presidential election. Citi plans to continue stock repurchases and increase investments in data management.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 3:15 pm

GS

Goldman Sachs CEO announced a strategic shift back to the company's core business during a conference call.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 2:05 pm

MDAI

Spectral AI's CEO, Peter Carlson, has resigned, and the company has established an Office of the Chairman, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 1:28 pm

HSY

Hershey has signed a five-year agreement with nine cocoa-producing cooperatives in Côte d'Ivoire as part of its 'Cocoa For Good' strategy, which is a 10-year, $500 million investment to support cocoa farmers. This initiative aims to improve the well-being of cocoa farming communities and ensure a resilient supply chain.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 1:25 pm