Streetbeat News

Corporate Responsibility

PFE

Starboard Value LP, a significant shareholder of Pfizer, has issued a letter to Pfizer's Board, expressing concerns about the company's direction and urging an investigation into alleged threats against former executives. Concurrently, Pfizer announced positive results from its TALAPRO-2 study, showing significant improvement in survival rates for prostate cancer patients.

Portfolio Pulse from Vandana Singh

October 10, 2024 | 2:44 pm

GM

UAW President Shawn Fain warns that hundreds of thousands of U.S. jobs are at risk if Donald Trump revokes the Inflation Reduction Act and its EV investments, including a $500 million investment for GM's Lansing plant.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 1:52 pm

APD

D.E. Shaw, an activist investor, is targeting Air Products & Chemicals (APD) by focusing on its capital spending and nominating three directors to its board. This move indicates potential changes in the company's strategic direction.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 1:47 pm

NET

NOW

Cloudflare has appointed Chirantan 'CJ' Desai as President of Product & Engineering to drive the company's growth towards $5 billion in annual recurring revenue. Desai brings extensive experience from his previous role at ServiceNow, where he significantly contributed to the company's revenue growth.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 1:41 pm

KNDI

Kandi Technologies announced that Chairman Xiaoming Hu is stepping down after decades of service. He will remain on the board as a director to support the company's strategic transition aimed at long-term growth and enhancing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 1:01 pm

GOCO

GoHealth has appointed Brendan Shanahan as its new Chief Financial Officer. This leadership change could influence the company's financial strategies and operations.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 1:00 pm

PFE

Starboard Value, a significant investor in Pfizer, has issued a letter to Pfizer's Board criticizing alleged coercive conduct towards former executives and calling for an investigation into potential breaches of fiduciary duty. Starboard reaffirms its desire for constructive engagement with Pfizer's management.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 12:47 pm

AIRJ

Montana Technologies Corporation (NASDAQ:AIRJ) has signed the Abu Dhabi Sustainable Finance Declaration, reinforcing its commitment to sustainable development in the UAE. This aligns with the UAE's Green Economy for Sustainable Development Initiative.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 12:44 pm

XOM

ExxonMobil has executed the largest offshore CO2 storage lease in the U.S. with the Texas General Land Office, securing over 271,000 acres in Texas state waters. This move enhances ExxonMobil's leadership in the carbon capture industry and benefits the Texas Permanent School Fund.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 12:39 pm

PMNT

Perfect Moment is expanding its Reflaunt resale program from the U.S. to the UK, France, Italy, and Germany. This initiative aims to extend the life of its luxury skiwear and lifestyle apparel, promoting sustainability and circular fashion. The program allows customers to convert their items into credits for future purchases.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 12:35 pm