Streetbeat News

Corporate Responsibility

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

NFLX

Netflix co-founder Reed Hastings has pledged $7 million to a super PAC supporting Vice President Kamala Harris' presidential campaign. This is Hastings' largest-ever single candidate donation and comes at a crucial time as Harris secures the Democratic Party’s nomination for the 2024 election but trails Donald Trump in the polls.

Portfolio Pulse from Benzinga Neuro

July 24, 2024 | 1:36 pm

SING

SinglePoint reported a 20% year-over-year revenue increase for 2023. Its subsidiary, Boston Solar, reduced annual overhead by $3.1 million, achieved a 50% increase in revenue per employee, and secured $20 million in commercial contracts. The company expects continued growth into 2025 due to strong state solar mandates and strategic operational enhancements.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:16 pm

XWEL

CPC Pain & Wellness SPV, LLC, a significant shareholder of XWELL, Inc., has issued a letter to fellow shareholders detailing a lawsuit against XWELL's Board of Directors. CPC criticizes the Board for a combined net operating loss of $207.3 million from 2018 to 2023 and a 99% decline in stock value since 2016. CPC aims to replace the current Board to improve financial health and explore strategic acquisitions.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:16 pm

ASRT

Buxton Helmsley Group, a significant shareholder of Assertio Holdings, Inc. (NASDAQ:ASRT), has issued a letter calling for the immediate resignation of four directors, including Chairman Peter Staple. The group criticizes the board's handling of the Spectrum Pharmaceuticals acquisition and urges improved due diligence for future M&A activities.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:08 pm

CRM

WDAY

Salesforce and Workday have announced a partnership to deliver an AI-powered assistant for employee service. This integration will combine HR and financial data, aiming to boost productivity, lower costs, and improve the employee experience. Workday will also be natively integrated into Slack for seamless collaboration.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:02 pm

IVP

Inspire Veterinary Partners, Inc. (NASDAQ:IVP) issued a corporate update in a Letter to Shareholders from CEO & President, Kimball Carr, detailing the company's current status and future plans.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:48 pm

HZO

Island Capital Group has raised concerns about MarineMax's operating strategy, highlighting excessive senior management compensation exceeding $10 million per year. This has cost shareholders $50M-$100M in value, while the company's EBITDA run rate has dropped by over $100M and the stock price has fallen by more than 40% in the past three years.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:47 pm