Streetbeat News

Corporate Responsibility

GNS

Genius Group is facing allegations from LZG International shareholders, leading to the termination of Peter Ritz. The company is investigating ownership and control issues involving Michael Moe and Peter Ritz.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 6:37 pm

AAPL

Apple retail workers in Oklahoma City have successfully negotiated their first collective contract with the Communications Workers of America (CWA). This marks a significant step in labor relations for Apple, as it is the first such agreement for the company's retail employees.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 6:20 pm

PARA

Paramount Global is laying off 469 employees, as indicated by a WARN notice. This move is part of the company's ongoing efforts to streamline operations and reduce costs.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 6:13 pm

ACAD

ACADIA Pharmaceuticals Inc (NASDAQ:ACAD) shares fell by 4.11% after appointing Catherine Owen Adams as the new CEO, succeeding Steve Davis. Adams brings experience from Bristol Myers Squibb and Johnson & Johnson. The board is confident in her ability to drive growth.

Portfolio Pulse from Henry Khederian

September 24, 2024 | 5:44 pm

SNY

Sanofi has received binding bids from Clayton, Dubilier & Rice (CD&R) and PAI Partners for its consumer healthcare unit. This move is part of Sanofi's strategy to focus on its core pharmaceutical business.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 5:35 pm

USO

An OPEC event in Brazil was temporarily halted due to a climate protest. The event has now resumed.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 5:32 pm

PCG

PG&E has been awarded $34.5 million in federal grants to support 19 hydroelectric projects. This funding is expected to enhance PG&E's renewable energy capabilities and infrastructure.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 5:16 pm

LUV

Elliott Investment Management, holding an 11% stake in Southwest Airlines, has issued a letter to shareholders expressing the need for leadership change and plans to call a special meeting. They accuse Southwest of using 'false record dates' to obstruct shareholder voting.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 4:37 pm

BLUE

Bluebird Bio, Inc. (NASDAQ:BLUE) is restructuring to optimize costs and aims for cash flow break-even by late 2025. The plan includes a 25% workforce reduction and a focus on commercial launches of its gene therapies. The company targets 40 drug product deliveries per quarter and seeks additional cash resources.

Portfolio Pulse from Vandana Singh

September 24, 2024 | 4:14 pm

X

U.S. Steel's Big River Steel operation in Arkansas has become the first in the world to earn the ResponsibleSteel certification, highlighting its commitment to sustainability in the steel supply chain.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 1:14 pm