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Corporate Responsibility

UNH

UnitedHealth Group (UNH) announced it will incur direct response costs and experience business disruption for the rest of the year due to issues with Change Healthcare Services. The company found files with protected health information and personally identifiable information affecting a substantial part of the American population.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 8:22 pm

UAL

The Teamsters National Committee has secured a first tentative agreement in the initial round of negotiations with United Airlines. Further negotiations are scheduled to resume in Denver from August 20-22.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 8:18 pm

INTC

Intel has delayed its Innovation 2024 event due to financial challenges, causing a decline in its stock volume. This has raised public curiosity about the company's 18A process technology.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:26 pm

PBR

Petrobras CEO announced a slight market share loss in fuel sales recently and stated that raising prices would lead to further decline. The repurchase of the RLAM refinery from Mubadala's Acelen is not a priority.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 6:10 pm

NWN

NW Natural Holdings has appointed Raymond Kaszuba as the new CFO, effective August 31, 2024. Kaszuba brings extensive experience from his previous roles at AmeriGas, UGI Corporation, and Enviva.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 5:38 pm

GM

Marissa West, the President of GM's North America Unit, has left the automaker. This leadership change could impact GM's operations and strategy in the short term.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 4:51 pm

DIS

Over 14,000 Disney cast members in Anaheim, including 4,500 UFCW Local 324 members, ratified new contracts on July 29. The new contracts include a $6.10 wage increase over three years and a minimum base wage rate of $24 in 2024. The contracts expire in 2027.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 4:30 pm

CVS

CVS Health Corp (NYSE:CVS) shares are trading 1.52% lower at $56.97 after reporting worse-than-expected Q2 sales and cutting FY24 adjusted EPS guidance. Sales were $91.23 billion, slightly below the $91.51 billion consensus. Adjusted EPS was $1.83, down from $2.21 last year but above the $1.73 consensus. Operating income fell 16.4% to $3.74 billion. The Health Care Benefits segment’s revenues grew by 21.4%, while the Health Services segment’s revenues dropped by 8.8%. CEO Karen Lynch will take direct control of the Health Care Benefits segment. CVS revised its 2024 adjusted EPS guidance to $6.40-$6.65, down from at least $7.00.

Portfolio Pulse from Henry Khederian

August 09, 2024 | 4:20 pm

INTC

Intel Corp (NASDAQ: INTC) shares are down 4.1% to $19.65 following disappointing Q2 earnings and a major restructuring plan. The company reported earnings of 2 cents per share, missing the 10-cent estimate and marking an 84.62% decline from the previous year. Intel announced a $10 billion cost-reduction plan, including a 15% workforce reduction and suspension of its dividend by Q4 2024. Analysts have mixed reactions, with BofA Securities downgrading Intel to Underperform and lowering its price target to $23.

Portfolio Pulse from Henry Khederian

August 09, 2024 | 3:35 pm

HAIL

LI

NIO

XPEV

XPeng Inc. (NYSE:XPEV) has revamped its organizational structure to focus more on AI technology, similar to competitors NIO Inc. (NYSE:NIO) and Li Auto Inc. (NASDAQ:LI). The restructuring aims to enhance XPeng's smart driving technology by dividing its technology development division into three new divisions: AI end-to-end, AI applications, and AI efficiency. This strategic shift has led to a slight increase in XPeng's stock price. Investors can also gain exposure to XPeng through the SPDR S&P Kensho Smart Mobility ETF (NYSE:HAIL).

Portfolio Pulse from Nabaparna Bhattacharya

August 09, 2024 | 1:07 pm