Streetbeat News

Corporate Responsibility

DIS

Walt Disney Co's (NYSE:DIS) Gay Days event kicked off PRIDE month, despite Florida governor Ron DeSantis' opposition to the LGBTQ+ movement. The event saw a smaller crowd this year, with some travelers avoiding Florida due to safety concerns and the state's stance on LGBTQ+ issues.

Portfolio Pulse from Melanie Schaffer

June 05, 2023 | 2:47 pm

FRPT

JANA Partners, owning 9.5% of Freshpet (NASDAQ:FRPT), responds to the resignation of Freshpet director David Basto and criticizes the company's governance issues. JANA plans to nominate four candidates to Freshpet's Board at the 2023 Annual Meeting.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 2:33 pm

JPM

JP Morgan's CEO Jamie Dimon has no plans to run for political office, according to a statement from the bank.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 2:17 pm

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The National Cannabis Industry Association (NCIA) has laid off nearly half of its workforce to reduce costs and remain financially sound in 2023. Avant Brands elected six directors at its annual general shareholders meeting. SciSparc appointed Yaki Baranes as its new strategy and business development VP. Incannex Healthcare added three psychedelic therapy and science experts to its advisory board. XS Financial promoted Justin Vuong to CFO. Acreage Holdings announced the resignation of CEO Peter Caldini, with Dennis Curran taking over. Jones Soda welcomed Ronald Dissinger to its board of directors. Schwazze promoted Nirup Krishnamurthy to CEO.

Portfolio Pulse from Jelena Martinovic

June 05, 2023 | 1:47 pm

AMRS

Amyris has initiated a strategic transformation program and secured funding to achieve its cost reduction target of approximately $250 million from cost of goods sold.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 12:46 pm

PMTS

CPI Card Group announced that President and CEO Scott Scheirman will retire on February 28, 2024. The board will implement a CEO succession plan.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 12:38 pm

ELMD

Electromed has announced the appointment of Jim Cunniff as President and CEO, effective July 1. He will succeed Kathleen Skarvan, who is retiring.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 12:19 pm

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Indivior PLC's subsidiary, Indivior Inc., has reached a $102.5 million settlement to resolve antitrust litigation claims brought by 41 states and the District of Columbia. The settlement will be recorded against the $290 million provision and is expected to be paid in June 2023.

Portfolio Pulse from Vuk Zdinjak

June 05, 2023 | 12:14 pm

JNJ

Johnson & Johnson's Abiomed has recalled specific Impella 5.5 with SmartAssist devices due to purge fluid leaks that can cause pump stop and loss of support. The company has reported 179 complaints, three injuries, and no deaths related to the recall.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 12:00 pm

ILMN

Grail Inc, a subsidiary of Illumina Inc (NASDAQ:ILMN), mistakenly sent form letters to 400 patients suggesting they may have developed cancer due to a software configuration error. The incident has led to MassMutual pausing its pilot and Principal reviewing its relationship with Grail.

Portfolio Pulse from Vandana Singh

June 05, 2023 | 11:47 am