Streetbeat News

Corporate Responsibility

META

Meta Platforms Inc's Instagram has launched a pilot program with the Center for Open Science to study the effects of social media on teen mental health. The six-month program will provide researchers with anonymized data on user behavior, excluding sensitive information. This initiative follows concerns about Instagram's impact on teen anxiety and depression.

Portfolio Pulse from Franca Quarneti

July 18, 2024 | 8:24 pm

MRAM

Everspin Technologies (NASDAQ:MRAM) has announced the departure of CFO Anuj Aggarwal and the appointment of Matthew Tenorio as Interim CFO, effective July 18, 2024. The company has reiterated its Q2 2024 guidance and is searching for a permanent CFO.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:07 pm

IDN

Intellicheck's CFO, Jeffrey Ishmael, is set to depart from the company.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:06 pm

MRMD

The Bob Fireman Award for Entrepreneurship will be presented at the Benzinga Cannabis Capital Conference in Chicago on October 8-9, 2024. This award honors the late co-founder and CEO of MariMed, Robert “Bob” Fireman, and recognizes cannabis executives who embody his passion and commitment to the industry. The nomination process is open until August 23, and the winner will be announced during the conference.

Portfolio Pulse from Javier Hasse

July 18, 2024 | 7:35 pm

TSLA

Tesla CEO Elon Musk and California Governor Gavin Newsom are in a public dispute over subsidies and political alignments. Musk, who has moved Tesla's headquarters to Texas, is advocating for the removal of all industry subsidies, including those for electric vehicles. This could impact Tesla's operations in California, where it has received over $3.2 billion in subsidies since 2009. Analysts are divided on how this shift might affect Tesla's business.

Portfolio Pulse from Natan Ponieman

July 18, 2024 | 6:58 pm

WM

Teamsters have announced that Waste Management workers have overwhelmingly ratified a new 5-year collective bargaining agreement. The contract covers over 200 drivers, mechanics, and machine operators, providing substantial pay raises, improved health care benefits, and increased pension contributions.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 4:21 pm

MSFT

Microsoft has disbanded its DEI team due to 'changing business needs,' sparking internal controversy. Despite a 17% year-to-date gain, the stock has shown volatility, recently closing at $443.52, down 1.33%. The market will closely watch how these changes affect Microsoft's long-term growth.

Portfolio Pulse from Zaheer Anwari

July 18, 2024 | 4:01 pm

ALK

Alaska Air Group (ALK) announced that it is planning for nearly flat capacity in August and September compared to the same period last year, as stated in a recent conference call.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:50 pm

F

FTXR

RDIV

Ford Motor Company (NYSE:F) is investing $3 billion to expand production of its F-Series Super Duty trucks, including $2.3 billion for the Oakville Assembly Complex in Ontario, Canada. This expansion aims to meet surging demand and support Ford's growth strategy. The investment will add capacity for 100,000 trucks and create approximately 2,020 jobs across North America. Ford shares are trading higher following the announcement.

Portfolio Pulse from Lekha Gupta

July 18, 2024 | 3:39 pm

RDZN

Roadzen's CEO and Chairman will exchange $3.5 million of short-term debt for company equity, potentially strengthening the company's balance sheet and aligning executive interests with shareholders.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:23 pm