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Corporate Responsibility

OTRK

Ontrak Health has secured the HITRUST CSF Certification for 2024, demonstrating its commitment to data security and compliance.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:04 pm

GOOGL

META

MSFT

Mark Zuckerberg discussed how Meta Platforms Inc. (NASDAQ:META) succeeded over tech giants like Google, Microsoft, and Yahoo in the social networking space. He attributed Meta's success to its agility and conviction in new ideas, contrasting it with the slower, more skeptical approach of larger companies. Meta's acquisitions of Instagram and WhatsApp further solidified its dominance.

Portfolio Pulse from Rounak Jain

August 15, 2024 | 11:44 am

PRTG

Portage Biotech reported a net loss of $75.4 million for FY24, an improvement from the $104.7 million loss last year. The company is discontinuing its iNKT clinical trial for PORT-2 and pausing patient enrollment in other trials due to funding requirements. Portage is exploring strategic alternatives, including partnerships, sales, mergers, restructurings, or further financing.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:15 am

KORE

KORE Group has appointed Ronald Totton as its President and CEO, effective August 14, 2024. Totton had been serving as the interim President and CEO since May 3, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:35 am

KORE

KORE Group has announced a Restructuring Plan to prioritize growth initiatives and improve operational efficiency, which includes a reduction in force affecting 19% of its employees. The plan, approved on July 29, 2024, is expected to be completed by December 31, 2024, with estimated costs between $5 million and $6 million. Savings from the reduction will be reinvested into higher-growth and more profitable areas.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:33 am

GOOG

GOOGL

Former Google CEO Eric Schmidt retracted his comments blaming Google's focus on work-life balance and remote work for its competitive disadvantage against AI startups like OpenAI. Schmidt acknowledged his error in an email to The Wall Street Journal. The debate on remote work's impact on productivity remains unresolved, with mixed research findings.

Portfolio Pulse from Rounak Jain

August 15, 2024 | 9:54 am

NICE

NICE has appointed Scott Russell as the new CEO, effective January 1, 2025, succeeding Barak Eilam.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 9:31 am

CMG

SBUX

Starbucks' new CEO, Brian Niccol, will receive a $113 million compensation package and remote working privileges. Niccol's leadership at Chipotle saw an 800% stock price surge, and his appointment is seen as a win for Starbucks. The market reacted with a 20% surge in Starbucks' shares and a 10% drop in Chipotle's stock.

Portfolio Pulse from Benzinga Neuro

August 15, 2024 | 8:25 am

K

Wallace 'Wally' Amos, founder of Famous Amos and literacy advocate, passed away at 88. Amos lost ownership of Famous Amos but later owned Chip & Cookie in Hawaii and co-founded Uncle Wally’s Muffin Co. Kellogg Company (NYSE:K) sold Famous Amos and other brands to Ferrero Group in 2019 for $1.3 billion.

Portfolio Pulse from Benzinga Neuro

August 15, 2024 | 1:02 am

RCI

Rogers Communications announced that Edward Rogers will continue to lead the board as Executive Chair, while Tony Staffieri will maintain his responsibilities as CEO, reporting to the full board.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 9:48 pm