Streetbeat News

Corporate Responsibility

WBD

Warner Bros. Discovery is restructuring its cable-networks operation by placing it under the direction of a top studio executive. This move comes as the company faces significant challenges in its cable-TV business.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 2:04 pm

CGC

Canopy Growth Corporation (NASDAQ: CGC) announced that CEO David Klein will retire at the end of the fiscal year ending March 31, 2025. The company is initiating a search for a new CEO. Under Klein's leadership, Canopy Growth has seen significant transformation and growth, including a record quarter for Canadian medical marijuana. Despite a decline in consolidated net revenue, the company reported a 67% increase in gross profit. Canopy's shares traded 0.14% lower at $6.97 during the pre-market session on Friday.

Portfolio Pulse from Jelena Martinovic

August 16, 2024 | 1:27 pm

GMAB

Genmab's Executive Vice President and COO, Anthony Mancini, has decided to leave the company.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 1:07 pm

SAI

SAI.TECH has signed a Memorandum of Understanding (MOU) with the Idaho Central Aquatic Center for the SAI US Idaho Node Project. The project aims to reduce CO2 emissions by recycling wasted computing heat, potentially lowering emissions by 96,000 pounds per month and reducing the aquatic center's heating expenses by over 40%.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 1:01 pm

CGC

Canopy Growth Corporation's CEO, David Klein, will retire at the end of the company's fiscal year ending March 31, 2025. The Board of Directors has initiated a comprehensive CEO selection process and expressed confidence in the company's strategic direction and leadership team.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 12:05 pm

AMBP

Ardagh Metal Packaging has appointed Stefan Schellinger as its new Chief Financial Officer, effective September 1, 2024. Schellinger will succeed David Bourne and brings over 25 years of financial and commercial experience to the role.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 12:01 pm

XWEL

XWELL has adopted a Tax Benefits Preservation Plan to protect the value of its tax attributes related to previously recorded net operating losses.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:34 am

TXN

Texas Instruments (TI) has secured a preliminary agreement for up to $1.6 billion in funding from the CHIPS and Science Act for semiconductor manufacturing in Texas and Utah. Additionally, TI expects to receive $6 billion to $8 billion from the U.S. Department of Treasury's Investment Tax Credit for U.S. manufacturing investments, and $10 million for workforce development, creating over 2,000 new jobs.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 9:13 am

ULS

UL Solutions has raised concerns about an unauthorized UL mark on a Wi-Fi smoke detector sold by Jinlankeji Co. Ltd. This could impact the credibility and trust in UL Solutions' certification process.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 6:56 am

JPM

Jamie Dimon, CEO of JPMorgan Chase, supports the 'Warren Buffett Rule' of taxing the wealthy at the same or higher rates than the middle class to address the US debt crisis. He believes this approach can reduce debt while investing in beneficial initiatives like infrastructure and military. Dimon's proposal aligns with previous calls for higher taxes on the ultra-rich, including those made by Warren Buffett.

Portfolio Pulse from Shivdeep Dhaliwal

August 16, 2024 | 1:14 am