Streetbeat News

Corporate Responsibility

GME

GameStop shares are trading higher after a rebound following weak Q1 results and the appointment of Ryan Cohen as executive chairman, replacing the former CEO.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 7:49 pm

AMZN

WBD

Warner Bros. Discovery Inc (WBD) shares are trading lower by 2.25% to $13.70 after CNN CEO Chris Licht stepped down. Amazon (AMZN) announced plans to introduce an ad-supported tier for Prime Video and is in talks with Paramount and other companies to explore ad-based tiers through Prime Video channels.

Portfolio Pulse from Henry Khederian

June 09, 2023 | 7:29 pm

WBD

CNN Chairman and CEO Chris Licht has left the network, with Warner Bros. Discovery Inc (NASDAQ:WBD) CEO David Zaslav taking responsibility for his exit. The departure comes amid backlash over CNN's coverage of the Donald Trump Town Hall. WBD shares are down 2.25% to $13.71 on Friday.

Portfolio Pulse from Chris Katje

June 09, 2023 | 7:19 pm

SHEL

Shell reportedly plans to maintain or slightly increase oil output into 2030, scrapping its target of reducing oil output by 1% to 2% per year. This comes as the company struggles with low renewables return while oil and gas revenues soar. Shell has canceled many projects, including offshore wind, hydrogen, and biofuels, and is abandoning its European power retail companies.

Portfolio Pulse from Akanksha Bakshi

June 09, 2023 | 4:09 pm

APA

APA Corp has confirmed the suspension of all platform drilling in the North Sea due to safety concerns.

Portfolio Pulse from Happy Mohamed

June 09, 2023 | 3:11 pm

WBA

Walgreens has agreed to pay $500 million to New Mexico to settle claims that it fueled the opioid epidemic in the state. The settlement resolves a lawsuit filed by the state's attorneys.

Portfolio Pulse from Happy Mohamed

June 09, 2023 | 2:54 pm

GRIL

Muscle Maker, Inc. (NASDAQ: GRIL) has appointed Mark McKinney to its Board of Directors after Sadot LLC generated $9.9 million in net income, triggering the final three board nominations by Aggia LLC FZ. McKinney brings over 30 years of experience in the food service industry, including roles at Local Bounti, Sunkist Cooperative, Al Ghurair Foods, and Dole Food Company.

Portfolio Pulse from Happy Mohamed

June 09, 2023 | 2:18 pm

CVS

TEVA

WBA

Attorney General James announced final national settlement agreements totaling $17.3 billion with Teva Pharmaceuticals, CVS Health, and Walgreens Boots Alliance.

Portfolio Pulse from Happy Mohamed

June 09, 2023 | 1:36 pm

XELA

Exela Technologies Inc has entered into a restructuring support agreement on June 8, 2023, aiming to improve its financial position.

Portfolio Pulse from Happy Mohamed

June 09, 2023 | 1:35 pm

SFT

Shift Technologies, a used car e-commerce platform, has named Ayman Moussa as its new CEO and board member. Moussa brings extensive experience in the automotive industry and is expected to drive the company's growth.

Portfolio Pulse from Charles Gross

June 09, 2023 | 12:02 pm