Streetbeat News

Corporate Responsibility

LYV

The White House announced that Live Nation (LYV) will commit to implementing upfront all-in pricing in September, aiming to provide transparency and fairness in ticket pricing for concerts and festivals.

Portfolio Pulse from Charles Gross

June 15, 2023 | 9:13 am

TRUE

TrueCar announces a strategic restructuring, impacting 102 positions (24% of the company) and reducing annualized expenses by over $20M. Jantoon Reigersman is appointed as President and CEO, succeeding Michael Darrow who is departing the company.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 8:08 pm

FDX

GM

FedEx Express Canada has launched its first 50 all-electric vehicles in partnership with BrightDrop, a General Motors subsidiary. This marks a significant step towards FedEx's goal of carbon-neutral operations by 2040.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:36 pm

ALSK

ATNI

Alaska Communications announced the death of its President and CEO, Bill Bishop. The company has not yet named a successor.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 5:47 pm

TGT

New York Attorney General James criticized Target's decision to pull some of its Pride merchandise due to backlash from anti-LGBTQ+ customers, calling the move 'wrong'.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 5:21 pm

GOLF

NKE

UAA

Saudi Arabia will compensate professional golfers who turned down the LIV Golf Invitational, a controversial event backed by the kingdom. The move is seen as an attempt to maintain good relations with the players and encourage future participation.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 5:14 pm

AXSM

Axsome Therapeutics shares are trading higher after the company provided peak sales estimates for drugs in its portfolio during a recent corporate presentation.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 4:52 pm

BLK

MSFT

SPY

BlackRock CEO Larry Fink believes that artificial intelligence (AI) could be the technology that helps bring down inflation. He suggests that AI can increase productivity and efficiency, leading to lower costs and reduced inflationary pressures.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 4:47 pm

SHLS

Shoals Technologies Group Inc (NASDAQ: SHLS) has appointed Brandon Moss as CEO, effective July 17, 2023. Moss will succeed interim CEO and President Jeff Tolnar, who will continue as President. Moss previously served as President of the Tools, Components, & Assembled Solutions Group at Southwire Company.

Portfolio Pulse from Lekha Gupta

June 14, 2023 | 4:12 pm

CEG

CVS

CVS Health Corporation has signed an 18-megawatt agreement with Constellation Energy Corporation to purchase zero-emission, renewable energy for its 147 locations in Michigan. The 12-year agreement starts in April 2025 and will help CVS reduce its carbon footprint by nearly 17,000 metric tons.

Portfolio Pulse from Nabaparna Bhattacharya

June 14, 2023 | 4:08 pm