Streetbeat News

Corporate Responsibility

WOOF

Petco Health and Wellness has appointed Joel D. Anderson as CEO, effective July 29, 2024. Michael Mohan will transition from interim CEO to chair a new Board committee focused on value creation initiatives.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 8:03 pm

STLA

Stellantis N.V. has successfully extended the maturity and amended its €12 billion syndicated revolving credit facility, originally signed in July 2021. The facility, structured in two tranches, secures financial flexibility and remains available for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 7:13 pm

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BNTX

GSK

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MRNA

PFE

SNY

The European Commission is facing criticism from Europe's second-highest court over transparency issues related to COVID-19 vaccine contracts, particularly involving text messages between Commission head Ursula von der Leyen and Pfizer CEO Albert Bourla. This comes ahead of a crucial vote on von der Leyen's reappointment. The Commission had agreements with several major companies for COVID vaccine supplies, including Pfizer, AstraZeneca, Sanofi, GSK, Johnson & Johnson, BioNTech, and Moderna.

Portfolio Pulse from Vandana Singh

July 17, 2024 | 6:24 pm

SAVA

Cassava Sciences Inc (NASDAQ:SAVA) is experiencing a leadership shake-up with the resignation of its CEO and SVP of Neuroscience. The company is prioritizing transparency and scientific rigor in its Alzheimer's trials. SAVA shares are down 27.20% amid these changes.

Portfolio Pulse from Vandana Singh

July 17, 2024 | 6:17 pm

GNRC

Generac has been awarded a grant of up to $200 million for solar and battery storage installations in low-income Puerto Rican communities. The installations will begin in August 2024 under the DOE's Programa Acceso Solar.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 5:30 pm

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ASLN

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SHIM

ASLAN Pharmaceuticals shares dropped over 38% after announcing the voluntary liquidation of its sole operating subsidiary. Other notable stock movements include Aptevo Therapeutics climbing 84% following a $2.75 million offering, and Shimmick Corporation rising 49% after securing a $27.6 million subcontract. Cassava Sciences fell nearly 30% due to executive leadership changes.

Portfolio Pulse from Avi Kapoor

July 17, 2024 | 5:28 pm

HSBC

HSBC has appointed Georges Elhedery as its new Chief Executive Officer. Elhedery, who previously served as the Group Chief Financial Officer, will take over the role immediately. This leadership change is expected to bring new strategic directions for the bank.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 5:02 pm

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SBUX

Starbucks and Mercedes-Benz Group's High-Power Charging unit have announced a strategic collaboration to install 400 kW EV chargers at over 100 Starbucks locations along Interstate 5. This initiative aims to expand EV charging infrastructure and enhance the charging experience for drivers. Both companies are committed to reducing carbon emissions and promoting sustainable practices.

Portfolio Pulse from Shivani Kumaresan

July 17, 2024 | 4:14 pm

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U.S. stocks traded mixed with the Dow Jones gaining 200 points, while NASDAQ and S&P 500 fell. Crude oil prices rose by 2.2% due to a decline in U.S. crude oil inventories. Shares of Aditxt, Aehr Test Systems, and Shimmick Corporation surged, while ASLAN Pharmaceuticals, Cassava Sciences, and Five Below saw significant declines.

Portfolio Pulse from Avi Kapoor

July 17, 2024 | 4:03 pm

AMX

America Movil's CFO announced that the company will have its Chilean subsidiary fully capitalized by the end of 2024. Additionally, the company is working on implementing AI, although it will take some time.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 3:58 pm