Streetbeat News

Corporate Responsibility

EWU

F

Ford is seeking subsidies from the UK government to enhance its electric vehicle sales. This move is part of Ford's strategy to boost its presence in the electric vehicle market.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 5:08 pm

SNAP

Snap has responded to a complaint from the New Mexico Attorney General by emphasizing its commitment to user safety, particularly for minors. The company highlights its deliberate design choices to protect minors and its ongoing collaboration with law enforcement and government agencies to enhance safety mechanisms.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 4:18 pm

CVS

CVS Health plans to reduce its workforce by less than 1%, equating to approximately 2,900 employees, as part of a cost-saving initiative previously announced.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 4:00 pm

CVS

HUM

UNH

CVS Health is exploring options, including a potential break-up to separate its retail and insurance units, amid investor pressure and financial challenges. The company is considering splitting its pharmacy chain and insurance business, which could result in two publicly traded companies. This move would reverse CVS's $70 billion acquisition of Aetna in 2017. CVS faces rising costs and a declining share price, underperforming the S&P 500. The company is also implementing a $1 billion cost-cutting plan.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 3:51 pm

BMY

IGMS

IGM Biosciences (NASDAQ:IGMS) is shifting its focus from cancer to autoimmune diseases, appointing a new CEO, and reducing oncology spending. The company aims to extend its cash runway into 2027.

Portfolio Pulse from Vandana Singh

October 01, 2024 | 3:40 pm

AVSD

BLCR

SONY

Sony Group Corporation announced a leadership change at Sony Pictures Entertainment, with Ravi Ahuja set to become the new President and CEO, succeeding Tony Vinciquerra. Ahuja, who joined SPE in 2021, has been instrumental in producing successful series and will assume his new role in January 2025. Vinciquerra will remain as a non-executive Chairman until December 2025. Sony's stock is accessible through ETFs like BlackRock Large Cap Core ETF and American Century ETF Trust Avantis Responsible International Equity ETF.

Portfolio Pulse from Lekha Gupta

October 01, 2024 | 1:43 pm

LEXX

LEXXW

Lexaria Bioscience Corp. has appointed Michael Shankman as its new Chief Financial Officer, effective immediately. This change in leadership is expected to influence the company's financial operations.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 1:27 pm

BSIG

BrightSphere Investment Group has announced that Kelly Young will become the new CEO and Director. The company will rebrand as Acadian Asset Management Inc. and change its ticker symbol to AAMI.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 1:14 pm

AAPL

Apple has launched new free classroom resources for educators and expanded its global education grant program to 100 new schools and communities. This initiative aims to enhance creativity in education and provide STEAM programming across six continents.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 1:10 pm

LGTY

American Software has rebranded to Logility Supply Chain Solutions and changed its ticker symbol from AMSWA to LGTY. This rebranding reflects a strategic focus on supply chain solutions.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 1:05 pm