Streetbeat News

Corporate Responsibility

SMLP

Summit Midstream Partners (SMLP) announced unitholders' approval for its conversion to a C-corporation and the expansion of its credit facility to $500 million. This move aims to reduce tax burdens, simplify equity ownership, enhance trading liquidity, and provide greater transparency for investors.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 6:41 am

BTCUSD

XRPUSD

Tyler and Cameron Winklevoss, co-founders of Gemini, have donated $1 million in Bitcoin to support John Deaton's campaign against Senator Elizabeth Warren, who is seen as hostile to the cryptocurrency industry. The donations highlight the ongoing political debate over cryptocurrency regulation.

Portfolio Pulse from Aniket Verma

July 19, 2024 | 1:28 am

MNTS

Momentus has entered into convertible note and loan agreements to support its operations and funding opportunities. The company held its Annual Meeting of Stockholders, electing four Independent Directors. Momentus is now in compliance with Nasdaq Listing Rule 5620(a) after receiving notice from Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 9:33 pm

MDU

MDU Resources Group, Inc. (NYSE:MDU) has announced the leadership team for Everus Construction Group, which will become an independent, publicly traded company following a spinoff expected to be completed in late 2024. Key executives include Jeffrey Thiede as President and CEO, Thomas Nosbusch as COO, and Maximillian Marcy as CFO.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:27 pm

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