Streetbeat News

Corporate Responsibility

COTY

KKR

WBA

Johannes Huth, a key figure at KKR & Co. Inc. (NYSE:KKR) known for leading significant European deals, is retiring after 25 years. He will continue in a senior advisory role and serve on various boards. KKR shares are trading lower by 0.64%.

Portfolio Pulse from Nabaparna Bhattacharya

June 25, 2024 | 5:33 pm

IPG

Interpublic Group (IPG) is exploring the sale of a prominent digital agency to a consulting giant, according to a report by the Wall Street Journal. This potential sale could impact IPG's business structure and financials.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 5:23 pm

AGCO

DSMC

KROP

AGCO Corporation (NYSE:AGCO) shares are trading lower due to the announcement of a restructuring program aimed at addressing weakening demand in the agriculture industry. The program includes a 6% reduction in the salaried workforce and is expected to incur charges of $150 million to $200 million, with anticipated annual cost savings of $100 million to $125 million. AGCO stock has lost over 25% in the past year. Investors can gain exposure to AGCO via Global X AgTech & Food Innovation ETF (NASDAQ:KROP) and ETF Series Solutions Distillate Small/Mid Cash Flow ETF (NYSE:DSMC).

Portfolio Pulse from Nabaparna Bhattacharya

June 25, 2024 | 5:07 pm

LLY

MRNA

MSFT

Eli Lilly (LLY) announced a collaboration with OpenAI, backed by Microsoft (MSFT), to leverage generative AI for inventing novel antimicrobials to treat drug-resistant pathogens. This partnership underscores Lilly's commitment to addressing antimicrobial resistance. Moderna (MRNA) also has an ongoing collaboration with OpenAI.

Portfolio Pulse from Vandana Singh

June 25, 2024 | 4:50 pm

GME

GameStop shares are experiencing a decline, likely due to ongoing volatility following the company's annual meeting held last week.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:23 pm

BIIB

Biogen Inc. (BIIB) has up to $10 billion available for mergers and acquisitions (M&A) as it seeks to expand its portfolio. This move indicates Biogen's strategic focus on growth through acquisitions.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:20 pm

LCID

TSLA

Lucid Group, Inc. (NASDAQ:LCID) has appointed Nick Twork, a veteran from Ford and General Motors, as Head of Global Communications. Twork will oversee various communication aspects and report directly to CEO Peter Rawlinson. This appointment comes as Lucid prepares for the production of its first SUV, Lucid Gravity, with a new automated line featuring 247 robots. The Gravity SUV, priced close to Tesla's Model X, is set to start pre-production this summer.

Portfolio Pulse from Nabaparna Bhattacharya

June 25, 2024 | 4:00 pm

OLN

RGR

SWBI

VSTO

U.S. Surgeon General Vivek H. Murthy has declared gun violence a public health crisis, urging the nation to address it with the same urgency as tobacco and motor vehicle accidents. The advisory highlights the significant physical and mental toll of gun violence, which has become the leading cause of death for children and adolescents in the U.S. The news has had mixed impacts on firearm-related stocks.

Portfolio Pulse from Michael Juliano

June 25, 2024 | 3:38 pm

AAPL

AON

CHTR

GOOG

GOOGL

WMT

CFO pay at U.S. companies saw a significant rise in 2023, driven by stock-based incentives. Notable companies with top-paid CFOs include Walmart, Apple, Blackstone, Alphabet, and Aon. The increase in pay aligns with historical trends and reflects the importance of financial leadership amid economic uncertainties.

Portfolio Pulse from Bibhu Pattnaik

June 25, 2024 | 3:00 pm

GOOG

GOOGL

Waymo has opened its autonomous ride-hailing service, Waymo One, to everyone in San Francisco. The service, which has been operating incrementally, now offers 24/7 rides across the city. Waymo's all-electric fleet sources 100% renewable energy and has significantly contributed to reducing carbon emissions. The service has been well-received, with nearly 300,000 people signing up since the waitlist opened. Waymo emphasizes safety and has a strong track record in reducing road accidents.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 2:45 pm