Streetbeat News

Corporate Responsibility

NKE

Nike shares rise as Elliot Hill is announced as the new President and CEO, succeeding John Donahoe who is retiring.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 11:33 am

ACB

Aurora Cannabis has announced that CEO Miguel Martin will also take on the role of Executive Chairman, while outgoing Chairman Ron Funk will become the Lead Independent Director. These appointments were unanimously approved by Aurora's Board and are effective immediately.

Portfolio Pulse from Nabaparna Bhattacharya

September 20, 2024 | 11:06 am

CEG

MSFT

Constellation has signed a 20-year power purchase agreement with Microsoft, which will lead to the launch of the Crane Clean Energy Center and the restart of Three Mile Island Unit 1. This agreement will add 835 megawatts of carbon-free energy to the grid, create 3,400 jobs, and generate over $3 billion in taxes.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 11:05 am

AMZN

Amazon is offering free Prime memberships and a pay increase to its warehouse workers, but not to corporate staff, ahead of the holiday season. This move is part of Amazon's broader strategy, which includes launching a new AI assistant and ending remote work policies.

Portfolio Pulse from Benzinga Neuro

September 20, 2024 | 10:36 am

TSLA

Elon Musk has directed Tesla's Shanghai team to assist those affected by the most powerful typhoon to hit the city in 75 years. The typhoon, named Bebinca, caused significant damage and evacuations. Musk's call for aid highlights Tesla's commitment to corporate responsibility in times of crisis.

Portfolio Pulse from Ananya Gairola

September 20, 2024 | 3:48 am

BABA

DJT

FDX

NKE

TSLA

The U.S. stock market surged to new highs following the Federal Reserve's interest rate cut. Tesla, Nike, Alibaba, FedEx, and Trump Media & Technology were notable movers. Tesla rose 7.36% due to the rate cut, Nike jumped 9% after announcing a CEO transition, Alibaba gained 4.82% with new AI models, FedEx fell post-earnings, and Trump Media dropped 5.89% as lockup restrictions are set to expire.

Portfolio Pulse from Benzinga Neuro

September 20, 2024 | 3:16 am

MASI

Politan Capital Management, a 9% shareholder of Masimo Corporation, successfully elected its independent nominees, Darlene Solomon and William Jellison, to Masimo's Board during the 2024 Annual Meeting. This move is seen as a step towards enhancing Masimo's growth and innovation focus.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 9:41 pm

AYRWF

Ayr Wellness Inc. is undergoing leadership changes as CEO David Goubert resigns after less than a year. The company reported a slight dip in Q2 earnings and increased net losses. Steven Cohen, an external legal adviser, will serve as interim CEO. Ayr is focusing on stabilizing its financials and preparing for future growth.

Portfolio Pulse from Franca Quarneti

September 19, 2024 | 9:15 pm

NKE

Nike's stock surged 9% in after-hours trading following the announcement of a CEO transition. Elliott Hill will take over as CEO on October 14, succeeding John Donahoe, who will retire but remain an advisor until January 2025. Hill's extensive experience and leadership at Nike are expected to drive the company's next growth phase.

Portfolio Pulse from Adam Eckert

September 19, 2024 | 8:52 pm

GEOS

Geospace Technologies has announced a strategic realignment into three new business segments: Smart Water, Energy Solutions, and Intelligent Industrial. This move aims to enhance focus and growth in these areas.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:31 pm