Streetbeat News

Corporate Responsibility

MSM

MSC Industrial Direct Co. (NYSE:MSM) announces an agreement with the Jacobson/Gershwind family to reclassify its equity structure, eliminating the dual class share structure. The reclassification is expected to enhance corporate governance and align voting rights.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 12:47 pm

MSFT

Bill Gates, co-founder of Microsoft, expressed optimism about the potential of artificial intelligence (AI) to revolutionize education during an event in Lagos, Nigeria. He emphasized that AI could simplify complex subjects, assist teachers, and create personalized sets of questions for students.

Portfolio Pulse from Benzinga Newsbot

June 21, 2023 | 12:35 pm

TOPS

Top Ships Inc. announced a proposed spin-off of one of its Suezmax tanker vessels. The company plans to create a separate, publicly traded company for the vessel.

Portfolio Pulse from Bill Haddad

June 21, 2023 | 12:33 pm

ABCM

Jonathan Milner, co-founder of Abcam plc, issued an open letter urging shareholders to vote using the blue proxy card. This comes amid concerns over the company's future direction and performance.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 11:12 am

WMT

Walmart and its subsidiary Sam's Club have announced stricter standards for their tuna supply chains to combat illegal fishing and protect the ocean ecosystem. The new standards require tuna suppliers to source only from vessels with 100% monitoring and fisheries using zero high seas transshipment.

Portfolio Pulse from Benzinga Newsbot

June 21, 2023 | 10:41 am

AAPL

Apple Inc. is attempting to secure intellectual property rights over depictions of the apple fruit, potentially forcing the Fruit Union Suisse to relinquish its logo. Apple's intention goes beyond protecting its bitten apple logo, aiming to assert rights over the depiction of an apple as a fruit.

Portfolio Pulse from Shanthi Rexaline

June 21, 2023 | 10:21 am

ADI

BABA

MSFT

RIVN

TSLA

The S&P 500 closed lower on Tuesday, with energy and materials stocks recording the biggest losses. Rivian shares gained 5.5% after announcing an agreement with Tesla for access to its Supercharger network. Alibaba shares dropped 4.5% following a CEO change. The CBOE Volatility Index fell 2.2%.

Portfolio Pulse from Lisa Levin

June 21, 2023 | 10:11 am

BA

Boeing has designated its aircraft produced through NASA's Sustainable Flight Demonstrator project as the X-66A, aiming to achieve net-zero aviation greenhouse gas emissions. NASA will invest $425 million over seven years, while Boeing will provide an estimated $725 million in funding.

Portfolio Pulse from Anan Ashraf

June 21, 2023 | 5:45 am

AMZN

Amazon's second headquarters in Arlington, Virginia, features two community banana stands, a concept devised by founder and former CEO Jeff Bezos. The stands offer free bananas to employees and the public. Amazon operates seven banana stands worldwide, distributing thousands of bananas each week.

Portfolio Pulse from Benzinga Newsbot

June 21, 2023 | 3:58 am

CWBHF

Charlotte's Web Holdings (OTC:CWBHF) co-founders Jesse and Joel Stanley expressed concerns about the company's direction and called for changes to the board of directors. The dissenting shareholders hold 24.66% of the company's voting shares. The board will review offers to resign from certain directors who received less than majority support.

Portfolio Pulse from Nicolás Jose Rodriguez

June 21, 2023 | 2:47 am