Streetbeat News

Corporate Responsibility

RDHL

Redhill Biopharma has terminated its agreement with Movantik Acquisition, Valinor Pharma, and Hcr Redhill, receiving approximately $9.9 million in cash and gaining full control over an additional $0.74 million held in a restricted account. The termination ends all existing credit ties with the agreement parties, removes the existing lien against Talicia®, and restores control over cash collections to Redhill.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 11:14 am

APD

Air Products has announced the formation of a new management board to execute its two-pillar growth strategy, which focuses on optimizing its core industrial gases business and advancing the energy transition through clean hydrogen.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 11:06 am

KBR

SHEL

KBR announced that its Blue Ammonia technology has been selected by Shell for the Blue Horizons low-carbon hydrogen and ammonia project in Duqm, Oman.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:06 am

TSLA

Elon Musk clarified that neither Tesla nor SpaceX has any business interests in Russia. He also criticized podcast host Sam Harris. Musk emphasized that SpaceX competes with Russia's Roscosmos and that Starlink is a key asset for Ukraine.

Portfolio Pulse from Anan Ashraf

July 22, 2024 | 10:04 am

GT

Goodyear Tire & Rubber Company (NASDAQ:GT) has agreed to sell its Off-the-Road (OTR) tire business to The Yokohama Rubber Company for $905 million in cash. The sale is part of Goodyear's broader transformation plan and is expected to close by early 2025. The proceeds will help reduce debt and support other initiatives.

Portfolio Pulse from Shivani Kumaresan

July 22, 2024 | 9:55 am

SUZ

Suzano has successfully started operations at its new eucalyptus pulp mill in Brazil, the largest single production line globally. This $4.3 billion investment increases Suzano's production capacity by over 20% and supports sustainability initiatives.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:15 am

GT

Goodyear Tire & Rubber Company (NASDAQ:GT) has agreed to sell its Off-the-Road (OTR) tire business to Yokohama Rubber Company for $905 million in cash. The sale is part of Goodyear's strategic Goodyear Forward transformation plan. The transaction is expected to close by early 2025, subject to regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 7:06 am

JCI

Johnson Controls (NYSE:JCI) is enhancing the fan experience at the Paris 2024 Olympics by integrating advanced building automation systems, HVAC, and fire suppression technologies across eight venues. This initiative aims to improve safety, operational efficiency, and reduce the event's carbon footprint by 50%.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 7:04 am

GOOG

GOOGL

JBLU

SAVE

The selection of J.D. Vance as Donald Trump's vice-presidential candidate has raised concerns about the potential breakup of Alphabet Inc (GOOG, GOOGL). Market strategist Jay Woods, however, downplays these concerns, suggesting that Vance's influence may be limited and that Trump would be the primary decision-maker. The news also touches on the potential impact on the cryptocurrency industry and mentions the JetBlue-Spirit Airlines merger.

Portfolio Pulse from Chris Katje

July 21, 2024 | 1:13 pm

KO

PEP

Billionaire Richard Branson discussed his most significant business failure, Virgin Cola, on the 'Work-Life With Adam Grant' podcast. Despite initial success in the U.K., Virgin Cola failed in the U.S. market, teaching Branson the importance of being an underdog. The news also mentions Coca-Cola (NYSE:KO) and Pepsi (NASDAQ:PEP) as industry giants that Virgin Cola aimed to challenge.

Portfolio Pulse from Anan Ashraf

July 20, 2024 | 5:39 am