Streetbeat News

Corporate Responsibility

LUV

Southwest Airlines' board has reaffirmed its support for CEO Bob Jordan. Six directors will retire in November, and four new independent directors will be appointed, potentially including candidates proposed by Elliott Management.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 11:30 am

SLB

SLB has announced the integration of direct lithium extraction, concentration, and conversion technologies at its Nevada demonstration plant. This development aims to sustainably produce lithium at scale, which could have significant implications for the lithium market and related industries.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 11:02 am

KALV

KalVista Pharmaceuticals has appointed Brian Piekos as the new Chief Financial Officer. This leadership change could influence the company's financial strategies and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 10:31 am

BAC

Bank of America has increased its U.S. minimum hourly wage to $24, aiming for $25 by 2025. This raises the minimum annual salary for full-time employees to nearly $50,000.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 9:57 am

META

Former President Donald Trump claimed that Mark Zuckerberg, CEO of Meta Platforms Inc., expressed support for him over Democrats in the upcoming election, a claim Zuckerberg has denied. The relationship between Trump and Zuckerberg remains tense, with past threats and criticisms.

Portfolio Pulse from Benzinga Neuro

September 10, 2024 | 4:14 am

BIIB

LLY

NVDA

Eli Lilly (NYSE:LLY) has appointed Lucas Montarce as its new CFO amid regulatory challenges. The company is under pressure due to potential rejection of its Alzheimer's drug by the NHS and is combating imitation drugs. The stock has surged 53.37% YTD.

Portfolio Pulse from Benzinga Neuro

September 10, 2024 | 3:01 am

BIIB

BMY

Senator Bernie Sanders criticized the U.S. healthcare system, highlighting the disparity in life expectancy between rich and poor Americans. He emphasized the high cost of healthcare and its financial burden on patients, mentioning companies like Biogen and Bristol-Myers Squibb for their high drug prices.

Portfolio Pulse from Benzinga Neuro

September 10, 2024 | 2:12 am

UAA

Under Armour has updated its Fiscal Year 2025 restructuring plan, increasing expected pre-tax restructuring charges to $140-$160 million, largely due to exiting a distribution facility in Rialto, California. The company has already incurred $34 million in charges as of June 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 9:18 pm

FFWM

First Foundation has appointed Simone Lagomarsino as its new President. This leadership change could influence the company's strategic direction and operations.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:21 pm

GS

Goldman Sachs CEO David Solomon announced that the company is continuing to narrow its focus on consumer operations. This strategic shift is part of Goldman Sachs' ongoing efforts to streamline its business and concentrate on areas with higher growth potential.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:19 pm