Streetbeat News

Corporate Responsibility

SNAX

Stryve Foods has appointed Kevin Vivian as the new Chairman of the Board. This leadership change is expected to bring new strategic direction and potentially impact the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 1:15 pm

LUV

Southwest Airlines (NYSE:LUV) has activated a limited-duration shareholder rights plan in response to Elliott Investment Management's 11% stake. The plan aims to prevent any person or group from acquiring significant control without compensating shareholders. This move follows Elliott's call for leadership changes and Southwest's lowered revenue outlook for Q2 2024.

Portfolio Pulse from Nabaparna Bhattacharya

July 03, 2024 | 12:54 pm

VTRS

Viatris Inc. (NASDAQ: VTRS) has completed the divestiture of its Over-the-Counter (OTC) business to Cooper Consumer Health, finalizing all previously announced divestitures. This move aims to simplify and strengthen the company, positioning it for future growth.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 12:33 pm

EVAX

Evaxion Biotech A/S (NASDAQ:EVAX) CEO Christian Kanstrup has reinforced the company's milestone timeline and provided an update to shareholders. Evaxion is a clinical-stage TechBio company specializing in AI-Immunology™ powered vaccines.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 12:13 pm

GOOG

GOOGL

MSFT

VOX

XLC

Alphabet Inc.'s (Google) emissions have surged by nearly 50% over the past five years due to increased energy consumption from AI technology, complicating its goal of eliminating carbon emissions by 2030. Microsoft also reported a 30% increase in emissions since 2020 due to AI investments. Alphabet's stock has gained over 54% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

July 03, 2024 | 11:41 am

LUV

Southwest Airlines (NYSE:LUV) has adopted a one-year Shareholder Rights Plan in response to Elliott Investment Management's 11% stake. The plan aims to prevent any person or group from acquiring 12.5% or more of the company's stock without compensating shareholders. The plan will expire in one year unless extended by shareholders.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 10:50 am

SMX

SMX has announced a new solution to deliver a centralized blockchain reporting system for supply chain data, focusing on ethical sourcing, origination, and brand authentication in the natural rubber industry.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 10:41 am

NYXH

Nyxoah announced that it has signed a €37.5M loan facility agreement with the European Investment Bank.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 10:31 am

CVAC

CureVac N.V. (NASDAQ:CVAC) is restructuring to focus on high-value mRNA projects, reducing its workforce by 30%. The restructuring follows a new licensing agreement with GSK, valued at up to €1.45 billion plus royalties. CureVac aims to streamline operations, prioritize oncology programs, and reduce operational expenses by over 30% from 2025 onward.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 6:56 am

AAPL

MSFT

Apple's former marketing chief, Phil Schiller, will join OpenAI's board as an observer, giving Apple equal status with Microsoft. This move follows Apple's decision to integrate ChatGPT into its devices and highlights the growing partnership between Apple and OpenAI.

Portfolio Pulse from Ananya Gairola

July 03, 2024 | 1:58 am