Streetbeat News

Corporate Responsibility

LULU

Lululemon Athletica Inc. (NASDAQ:LULU) faces a class action lawsuit alleging misleading sustainability claims through its Be Planet marketing campaign. The lawsuit claims Lululemon's greenhouse gas emissions have increased despite its green promises, potentially deceiving consumers into paying a premium for perceived sustainable products.

Portfolio Pulse from Shivani Kumaresan

July 15, 2024 | 11:53 am

EV

RIO

SLX

Rio Tinto (NYSE:RIO) and Ngarluma Aboriginal Corporation are collaborating on an 80MW solar farm in Australia, aiming to reduce Rio Tinto's CO2 emissions by up to 120kT annually. The project is part of Rio Tinto's broader goal to deploy 600MW to 700MW of renewable energy by 2030. The feasibility study is expected by early 2025, with commissioning planned for 2027.

Portfolio Pulse from Lekha Gupta

July 15, 2024 | 11:39 am

TSLA

Tesla shares are trading higher after CEO Elon Musk endorsed former President Trump on X following an attempted assassination. Trump-adjacent stocks are also rising.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 11:38 am

IMAB

I-Mab (NASDAQ:IMAB) has appointed Wei Fu as the new Chairman of the Board, succeeding Dr. Pamela M. Klein. Additionally, Dr. Sean Xi-Yong Fu has been named Interim CEO, effective July 15, 2024, taking over from Raj Kannan.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 11:36 am

TSLA

Tesla CEO Elon Musk criticized climate activists who vandalized a Cybertruck on display in Hamburg, Germany. The activists, part of the Last Generation group, protested against the vehicle's high energy consumption. This incident is part of ongoing tensions between Tesla and environmentalists in Germany, who are concerned about the company's factory expansion in Brandenburg.

Portfolio Pulse from Anan Ashraf

July 15, 2024 | 11:30 am

TPET

Trio Petroleum Corp (NYSE American: TPET) has appointed co-founder and Chairman Robin Ross as its new CEO, effective July 11, 2024. Ross played a key role in taking the company public and funding its initial projects.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 11:12 am

PNR

Pentair plc (NYSE:PNR) and Minneapolis-St. Paul International Airport (MSP) have partnered to provide high-quality drinking water and reduce single-use plastic waste. This initiative aims to benefit millions of travelers passing through MSP annually.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 10:52 am

BEAM

JPM

Beam Therapeutics Inc. (NASDAQ:BEAM) announced that CFO Terry-Ann Burrell will leave the company on August 9, 2024, to join JPMorgan Chase as vice chairman of investment banking. Beam has started searching for a new CFO.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 10:33 am

CSTM

Constellium SE (NYSE:CSTM) has successfully completed its first industrial-scale hydrogen casting, marking a significant step towards decarbonizing its industrial activities. The 12-ton aluminium slab produced will be used in electric vehicles, and the company is involved in various projects to advance hydrogen technologies for industrial decarbonization.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 9:32 am

KORE

KORE Group has appointed Bruce Gordon as the new Executive Vice President and Chief Operating Officer, effective July 2, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 12:13 pm