Streetbeat News

Corporate Responsibility

GRFS

Grifols shares are trading higher after the company appointed Rahul Srinivasan as CFO, effective Sept. 16.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 7:40 pm

EHGO

KOSS

M

NIO

STSS

XPEV

U.S. stocks traded mostly higher with the Nasdaq Composite gaining over 150 points. Key movers included Koss Corporation, Macy’s, Sharps Technology, NIO Inc., Eshallgo Inc., and XPeng Inc. Gold and silver prices rose, while oil prices fell.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 7:35 pm

FFNTF

4Front Ventures Corp. (OTCQX:FFNTF) has withdrawn its brokered offering due to current market conditions and federal regulatory outlook. The company had planned to raise CA$5 million through the sale of units. Additionally, Kris Krane has been appointed as the new chair of the Board.

Portfolio Pulse from Nina Zdinjak

July 05, 2024 | 5:26 pm

M

NIO

QLGN

XPEV

ZAPP

NIO Inc. (NYSE:NIO) shares fell 8.5% after the resignation of CFO Steven Wei Feng. Other notable movers include Qualigen Therapeutics, Inc. (NASDAQ:QLGN) up 120%, Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) up 70.5%, and Macy’s, Inc. (NYSE:M) up 10.4% due to an increased acquisition bid. XPeng Inc. (NYSE:XPEV) declined 10% after announcing vehicle delivery figures.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 4:59 pm

TTWO

Former Rockstar developer Joe Robino revealed that the success of GTA Online led to the cancellation of a planned standalone story DLC for GTA 5. The focus shifted to expanding the online multiplayer mode, which became a significant revenue generator for Rockstar. Elements of the canceled DLC were integrated into GTA Online. Robino also discussed the intense workload and secrecy at Rockstar, as well as the company's efforts to improve its work environment post-Red Dead Redemption 2.

Portfolio Pulse from Franca Quarneti

July 05, 2024 | 4:49 pm

APIE

AVIV

NSANY

TM

The Japan Fair Trade Commission found that Toyota Motor Corp’s subsidiary, Toyota Customizing & Development Co. (TCD), violated subcontractor protection laws by not compensating suppliers for storage fees and forcing them to accept returns on defective products without proper inspection. TCD has since reimbursed the suppliers. The FTC also cautioned Nissan Motor Co. for similar practices. Toyota stock has gained over 27% in the last 12 months, and investors can gain exposure through ETFs like APIE and AVIV.

Portfolio Pulse from Shivani Kumaresan

July 05, 2024 | 4:47 pm

GSK

GSK has launched the first single-dose medicine to prevent relapse of P. Vivax malaria in Thailand and Brazil. This marks a significant milestone in the fight against malaria.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:34 pm

NIO

NIO shares are trading lower after the company announced a CFO transition. Chinese EV stocks are also lower following strength earlier in the week.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:02 pm

JNJ

KMB

PG

A new study reveals that tampons from various brands contain toxic metals like lead and arsenic, posing potential health risks to women. The study, published in Environment International, highlights the need for further research on the health impacts of these metals in menstrual products.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:02 pm