Streetbeat News

Corporate Responsibility

DLO

DLocal shares are trading higher following the appointment of Sergio Fogel as Co-President and Chief Strategy Officer, and the completion of share purchases by key shareholders.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 5:05 pm

IGT

IGT is considering strategic alternatives for its Global Gaming and PlayDigital segments, which has led to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 4:52 pm

AMZN

Amazon announced its support for the Marijuana Opportunity Reinvestment and Expungement Act of 2021 (MORE Act) and the Cannabis Administration and Opportunity Act, as well as the States Reform Act. The company has already excluded marijuana from its pre-employment drug screening program for unregulated positions and reinstated employment eligibility for those previously terminated or deferred due to marijuana screenings.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 4:34 pm

UBER

Uber Technologies (NYSE: UBER) plans to sell cannabis on its Uber Eats app to reduce cannabis-impaired driving and combat illicit market sales. The company aims to elevate the quality and safety standards of cannabis products and provide visibility to underrepresented small to medium businesses in the cannabis sector.

Portfolio Pulse from Javier Hasse

June 08, 2023 | 3:30 pm

AIG

AIG plans to reduce home insurance policies in around 200 flood- and fire-prone areas due to climate risks. Affluent customers in New York, Colorado, and other states will be affected.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 3:05 pm

MU

Micron Technology has signed a 15-year virtual power purchase agreement with renewable energy developer Terra-Gen for 178 MW of wind generation capacity. The deal supports Micron's goal of achieving 100% renewable energy in the US by 2025.

Portfolio Pulse from Akanksha Bakshi

June 08, 2023 | 2:21 pm

CPRI

Capri Holdings Ltd (NYSE:CPRI) has entered into a 3-year partnership with the National Fish and Wildlife Foundation (NFWF) to advance regenerative agriculture practices. The partnership aims to improve 150,000 acres of U.S. grasslands and generate $3 million in conservation impact through funding from both parties.

Portfolio Pulse from Shivani Kumaresan

June 08, 2023 | 2:16 pm

SHOP

Shopify is fighting against patent trolls by filing a lawsuit in Texas against Lower48 IP LLC, demanding the company reveal any third-party interests. Patent trolls often target small businesses and startups, stifling innovation.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 1:48 pm

MS

Morgan Stanley plans to cut back its prime broking relationship with Odey Asset Management following a Financial Times report alleging long-term sexual misconduct. The move is considered a quick reaction to the allegations.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 1:45 pm

BAYRY

PRGO

Perrigo Co has appointed Patrick Lockwood-Taylor as its new President, CEO, and Board member, effective June 30, 2023. Lockwood-Taylor previously served at Bayer AG as President of the U.S. business and Regional President of Consumer Health North America. Perrigo reported Q1 FY23 sales of $1.18 billion and adjusted EPS of $0.45.

Portfolio Pulse from Lekha Gupta

June 08, 2023 | 1:39 pm