Streetbeat News

Corporate Responsibility

KRMD

KORU Medical Systems, Inc. (NASDAQ:KRMD) has promoted Christopher Pazdan to Chief Operating Officer, effective July 18, 2024. Pazdan, who has been with the company since 2021, will now oversee the Research and Development organization and be responsible for the company's product development pipeline and innovation efforts.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:22 pm

NOW

ServiceNow announced the departure of CJ Desai, President and COO, following an internal investigation that revealed a policy violation related to the hiring of a former U.S. Army CIO. The company believes this was an isolated incident.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:13 pm

HMC

Honda is planning to reduce its production capacity for gasoline cars in China by 30%, according to a report by Nikkei. This move is part of Honda's strategy to shift focus towards electric vehicles (EVs) and adapt to changing market demands.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:02 pm

ISRA

SPY

Israeli Prime Minister Netanyahu addressed a joint session of Congress, discussing key geopolitical issues and the relationship between the U.S. and Israel.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 6:07 pm

ITA

PPA

XAR

President Joe Biden will address the nation on Wednesday night to discuss his decision to exit the 2024 presidential race and outline his goals for the remaining six months of his term. He will focus on both foreign and domestic policies, including securing a hostage deal in the Middle East. ETFs covering defense stocks may see movement based on his comments.

Portfolio Pulse from Michael Juliano

July 24, 2024 | 5:29 pm

EA

NFLX

Netflix Inc. (NASDAQ:NFLX) has appointed Alain Tascan, former Epic Games executive, as the new president of Netflix Games. Tascan will succeed Mike Verdu, who will focus on innovation in game creation. Netflix Games plans to release over 80 new games, with monthly releases starting in July 2024.

Portfolio Pulse from Franca Quarneti

July 24, 2024 | 4:47 pm

ATMP

EINC

TRP

TC Energy Corporation (NYSE:TRP) is nearing a stake sale in its NGTL pipeline system to indigenous groups in Western Canada, supported by a C$1 billion loan guarantee from Alberta's government. This move is part of TC Energy's strategy to cut debt following cost overruns on the Coastal GasLink pipeline. The transaction is expected to be announced on July 30 and close in late August. Investors can gain exposure to TC Energy via VanEck Energy Income ETF (NYSE:EINC) and IPath Select MLP ETN (BATS:ATMP).

Portfolio Pulse from Lekha Gupta

July 24, 2024 | 3:44 pm

CHKP

Check Point Software shares are trading higher following the appointment of a new CEO.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:51 pm

META

Meta Platforms Inc (NASDAQ:META) has introduced Llama 3.1 405B, a new AI model that is freely available to the public. This open-source approach aims to enhance developer freedom, privacy standards, and potentially boost Meta's stock performance. The stock has seen significant growth this year, though it recently experienced a slight decline.

Portfolio Pulse from Zaheer Anwari

July 24, 2024 | 2:27 pm

DIS

SGLC

XYLE

Isaac 'Ike' Perlmutter, a former Marvel executive and major Disney shareholder, has sold his entire stake in Walt Disney Co (NYSE:DIS) due to a lack of confidence in the current management. This follows a failed campaign with activist investor Nelson Peltz to secure board seats. Disney shares fell 3.4% on the news.

Portfolio Pulse from Anusuya Lahiri

July 24, 2024 | 1:42 pm