Streetbeat News

Corporate Responsibility

MTCH

Starboard Value has sent a letter to Match Group outlining initiatives aimed at improving growth, profitability, and capital allocation.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 11:13 am

BABA

Alibaba's AI-powered energy-management tool, Energy Expert, will be used in the Paris Olympics to minimize electricity consumption and achieve carbon neutrality. The tool will be operational at all 35 venues and aims to halve event-related carbon emissions.

Portfolio Pulse from Anusuya Lahiri

July 16, 2024 | 11:12 am

SNDL

SNDL is consolidating its cannabis segments into a single unit under the leadership of Tyler Robson to enhance efficiency, improve alignment, and speed up processes within its vertical model.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 11:04 am

SNDL

SNDL Inc. has announced a restructuring project aimed at reducing corporate overheads, which includes the reduction of 106 full-time employees. The project is expected to save over $20 million annually, with a one-time investment of $11 million over the next 18 months. Savings are expected to be realized by mid-2025, with some benefits starting in Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 11:03 am

WRN

Western Copper and Gold has appointed Michael Psihogios as a new executive, effective early August.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 10:34 am

BA

ITA

PPA

A U.S. judge has set a rapid schedule for addressing objections from victims' families regarding Boeing's plea deal over the 737 MAX crashes. Boeing has agreed to plead guilty to criminal fraud conspiracy and pay a $243.6 million fine. The company will also spend $455 million over three years to enhance safety and compliance programs. Boeing stock has lost over 15% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

July 16, 2024 | 10:04 am

CNHI

CNH Industrial has expanded its capabilities at its India Technology Center, enhancing its technological and engineering capabilities. This move is expected to bolster the company's global operations and innovation capacity.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 10:03 am

NKTX

Nkarta, Inc. (NASDAQ:NKTX) has appointed Nadir Mahmood, Ph.D., as President to drive innovation in cell therapy. The company also expanded the role of David R. Shook, M.D., to Chief Medical Officer, Head of Research & Development. These leadership changes aim to accelerate the development and commercialization of NK cell therapies.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 10:03 am

MASI

Masimo has initiated litigation against Politan Capital Management in a federal court in California. The lawsuit seeks to compel Politan to correct alleged material misstatements and omissions in its proxy materials.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 9:24 am

TSLA

Tesla shareholders are urging the company to increase the security budget for CEO Elon Musk, board members, employees, and company sites after Musk revealed two assassination attempts. This comes after former President Donald Trump was shot at during a campaign rally.

Portfolio Pulse from Anan Ashraf

July 16, 2024 | 6:56 am