Streetbeat News

Corporate Responsibility

AAL

VGK

American Airlines has entered a conditional purchase agreement with ZeroAvia for 100 hydrogen-electric engines to power regional jets, aiming for zero emissions except for water vapor.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 12:03 pm

TSN

Tyson Foods is reducing its antibiotic-free beef offerings, following a similar move with its chicken products.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 11:19 am

META

PLTR

Palantir Technologies co-founder Peter Thiel emphasized the critical role of founders in the success of their companies, using Meta Platforms CEO Mark Zuckerberg as an example. Thiel highlighted Zuckerberg's decision to reject a $1 billion acquisition offer from Yahoo in 2006, arguing that a professional CEO would have likely accepted the offer. Thiel's comments underscore the unique vision and dedication founders bring to their companies.

Portfolio Pulse from Ananya Gairola

July 02, 2024 | 11:14 am

RCM

R1 RCM announced that discussions regarding a potential transaction have not resulted in any agreement, and New Mountain Capital is no longer interested in pursuing a joint proposal with TCP-ASC for a potential transaction with the company.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 11:06 am

PLUR

Pluri has appointed Liat Zalts as the company's Chief Financial Officer and Treasurer effective September 30, following the resignation of Ms. Chen Franco-Yehuda from her position as CFO.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 10:43 am

HAP

HJEN

SHEL

Shell plc (NYSE:SHEL) has temporarily paused construction at its biofuels facility in Rotterdam to review project economics and optimize future competitiveness. This move is part of Shell's broader strategy to achieve net-zero emissions by 2050. The decision will lead to a reduction in on-site contractors and a slowdown in activities, contributing to cost control. Shell will also conduct an impairment review for the project. The stock has gained around 20% in the last 12 months, and investors can gain exposure via the Direxion Hydrogen ETF (NYSE:HJEN) and the VanEck Natural Resources ETF (NYSE:HAP).

Portfolio Pulse from Lekha Gupta

July 02, 2024 | 10:26 am

HMC

Four major Japanese insurers are set to sell $3.1 billion worth of Honda shares, reflecting a broader trend to unwind cross-shareholding practices. Honda plans to repurchase up to 300 billion yen of its shares to mitigate the impact. The move follows regulatory pressure to improve corporate governance.

Portfolio Pulse from Shivani Kumaresan

July 02, 2024 | 9:57 am

FLYE

MSM

RDUS

SLP

YMAB

U.S. stock futures are trading lower this morning. Key stocks to watch include MSC Industrial Direct (MSM), Y-mAbs Therapeutics (YMAB), Radius Recycling (RDUS), Fly-E Group (FLYE), and Simulations Plus (SLP). MSC Industrial Direct is expected to report earnings of $1.50 per share on $1.01 million revenue. Y-mAbs Therapeutics appointed a new CFO. Radius Recycling is expected to post a quarterly loss. Fly-E Group reported increased earnings and revenue. Simulations Plus is expected to post earnings of $0.15 per share on $17.96 million revenue.

Portfolio Pulse from Avi Kapoor

July 02, 2024 | 6:29 am

TSLA

Tesla Inc (NASDAQ:TSLA) has appointed former Mercedes manager Christian Adrian as head of production at Giga Berlin following a major global reorganization. Adrian will oversee all production processes at the factory, excluding battery cell manufacturing. This move comes after several executive departures and a significant layoff announced in April.

Portfolio Pulse from Anan Ashraf

July 02, 2024 | 6:03 am

MTEX

Mannatech has appointed James Clavijo as its new CFO, effective July 1, 2024. This leadership change is expected to bring new strategic direction to the company.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 9:48 pm