Streetbeat News

Corporate Responsibility

TSLA

Former Tesla executive Rohan Patel suggests that Elon Musk's endorsement of Donald Trump may not significantly impact the upcoming presidential elections. Musk's previous endorsement of Andrew Yang did not have a major effect. The election results could influence Tesla, especially given Trump's criticism of EV subsidies. Musk believes that removing EV subsidies could benefit Tesla in the long term.

Portfolio Pulse from Anan Ashraf

September 17, 2024 | 12:36 pm

ADTN

Adtran has opened a new 20,000-square-foot distribution center in York, UK, to enhance its ability to meet the growing demand for its fiber infrastructure technology. This facility will improve logistics, service quality, and support eco-sustainable broadband expansion.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 12:04 pm

HON

Honeywell and Samsung E&A have announced a collaboration to provide carbon capture solutions for power plants, aiming to reduce emissions and support the energy transition.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 12:02 pm

PLOW

Douglas Dynamics has appointed Mark Van Genderen as COO and President of Work Truck Attachments, effective immediately. Linda Evans, Chief Human Resources Officer, will retire on January 2, 2025, and Shannan Vlieger will become Senior Vice President, People and Culture, on October 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 11:59 am

STEC

Santech Holdings Limited's Chairman Han Hongwei and CEO Madame Wang Dian have been detained and are under investigation by the Shanghai Municipal Public Security Bureau for alleged illegal activities at Hywin Wealth Management. Santech has appointed Lawrence Wai Lok as acting CEO.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 11:50 am

RGNX

REGENXBIO has appointed Mitchell Chan as the new Executive Vice President and CFO, replacing Vit Vasista, who will remain as an advisor until January 2025 to ensure a smooth transition.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 11:12 am

SITC

SITE Centers has announced Gerald Morgan as the new CFO following the spin-off of Curbline. Morgan, previously CFO at Four Corners Property Trust, will replace Conor Fennerty, who will join Curbline as CFO.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 10:36 am

CMG

Chipotle Mexican Grill (NYSE:CMG) has introduced two robotic prototypes, Autocado and the Augmented Makeline, at select California locations to enhance efficiency in guacamole preparation and digital order processing. These innovations are part of Chipotle's growth strategy, supported by its Cultivate Next venture fund. Despite recent challenges, including legal issues and leadership changes, experts still view Chipotle as a strong investment opportunity.

Portfolio Pulse from Benzinga Neuro

September 17, 2024 | 10:31 am

EWU

FDX

FedEx is transitioning to hydrotreated vegetable oil (HVO) for its linehaul trucks in the UK, aiming to reduce emissions. This move involves over 170 trucks across three sites and is supported by a two-year agreement with Crown Oil.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 10:04 am

SBUX

Starbucks North America CEO Michael Conway has resigned after six months, with Sara Trilling taking over retail operations. This change is part of Starbucks' strategic leadership restructuring amid operational challenges. Brian Niccol, former Chipotle CEO, is now leading Starbucks with a focus on improving customer experience.

Portfolio Pulse from Benzinga Neuro

September 17, 2024 | 7:33 am