Streetbeat News

Corporate Responsibility

META

Mark Zuckerberg's decision to post on social media despite his PR team's objections has caused internal turmoil at Meta Platforms Inc. (NASDAQ:META). The incident, related to a strategy called 'Project Amplify,' has come to light through lawsuits concerning Meta's handling of child and teen safety. The PR team's frustration highlights the challenges in managing Zuckerberg's public image.

Portfolio Pulse from Rounak Jain

June 26, 2024 | 10:59 am

DIS

NFLX

The International Alliance of Theatrical Stage Employees (IATSE) has reached a preliminary agreement with the Alliance of Motion Picture and Television Producers (AMPTP), which includes major studios like Walt Disney Co and Netflix Inc. The deal includes salary increases and AI safeguards to protect jobs.

Portfolio Pulse from Shivani Kumaresan

June 26, 2024 | 10:05 am

AIG

AIG has agreed to sell its global individual personal travel insurance and assistance business, Travel Guard, to Zurich Insurance Group for $600 million in cash plus additional earn-out consideration. The sale excludes AIG's Accident & Health business and is expected to close by the end of 2024, pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 7:00 am

ACRDF

CGC

CWBHF

GTBIF

MYMD

TSNDF

The article highlights recent key hires and board changes in the cannabis industry, including appointments at Canopy Growth Corporation, Acreage Holdings, Charlotte's Web Holdings, MyMD Pharmaceuticals, and board updates at TerrAscend Corp. and Nova Cannabis Inc. Wendy Berger steps down from Green Thumb Industries' board.

Portfolio Pulse from Jelena Martinovic

June 26, 2024 | 12:50 am

LCID

RIVN

Lucid Group Inc (NASDAQ:LCID) shares initially traded lower on Tuesday but surged to weekly highs after the market close. The company announced the appointment of Nick Twork as head of Global Communications. Lucid shares moved in sympathy with Rivian shares, which jumped after Rivian announced a joint venture with Volkswagen.

Portfolio Pulse from Adam Eckert

June 25, 2024 | 9:35 pm

AGR

Avangrid has announced the grand opening of its National Training Center in Oregon, which aims to enhance the skills of its workforce and support the company's growth in renewable energy projects.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 9:16 pm

LHX

MMM

Josh Brown of Ritholtz Wealth Management is highly optimistic about 3M Company (NYSE: MMM), citing a promising technical setup and recent positive developments, including a new CEO and a healthcare business spin-off. He anticipates a breakout if the stock surpasses the $105 to $108 range. Stephanie Link of Hightower Advisors also supports this view, highlighting the new CEO's successful track record at L3Harris Technologies Inc (NYSE: LHX).

Portfolio Pulse from Adam Eckert

June 25, 2024 | 8:59 pm

APD

Air Products has announced a groundbreaking event for a $70M expansion of its Missouri Manufacturing and Logistics Center. The new facility is expected to be operational by the end of 2025 and will create 30 new full-time positions. This follows a $10M investment made in 2023 to increase production capacity.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:57 pm

GM

GM's autonomous vehicle subsidiary, Cruise, has appointed Marc Whitten as its new CEO, effective July 16.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:32 pm

RBKB

Rhinebeck Bancorp has appointed Kevin Nihill as the new Chief Financial Officer (CFO) of both Rhinebeck Bancorp and Rhinebeck Bank.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:27 pm