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AMZN

Amazon.com Inc. (NASDAQ:AMZN) is replacing plastic air pillows with recycled paper in North American shipments, aiming to eliminate single-use plastic in its packaging. This move is part of Amazon's broader sustainability efforts, which include reducing plastic waste and achieving net-zero carbon emissions by 2040.

Portfolio Pulse from Benzinga Neuro

June 20, 2024 | 12:48 pm

ETN

Eaton is supporting the University of Notre Dame in establishing electric vehicle (EV) charging infrastructure. This collaboration aims to enhance the university's sustainability efforts and provide more EV charging options on campus.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:47 pm

FSUMF

Fortescue Metals Group (OTCQX:FSUMF) is facing significant challenges, including falling iron ore prices, executive turnover, infrastructure issues, and declining investor confidence. The company's stock has declined over 25% year-to-date, and major shareholder Capital Group has sold a substantial portion of its shares.

Portfolio Pulse from Stjepan Kalinic

June 20, 2024 | 12:43 pm

KRNY

Kearny Financial has announced the appointment of Keith Suchodolski as COO and Sean Byrnes as CFO, both effective July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:41 pm

AGRI

AgriFORCE CEO Jolie Kahn and Chairman David Welch have issued a letter to shareholders outlining a transformational year for the company in 2024. The company is focusing on innovation in the agriculture industry, including monetizing its RCS systems and Awaken Grains flour, and expanding into the Carbon Credit and Renewable Energy Credit markets. AgriFORCE has reduced its outstanding debentures and announced a $1 million share repurchase program. The company aims to enhance shareholder value through sustainable practices and new technologies, including blockchain.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:39 pm

TPET

Trio Petroleum has announced significant changes in its leadership. Robin Ross returns as Chairman of the Board, Stan Eschner transitions to Vice Chairman, and former CEO Frank Ingriselli resigns as Director effective June 17, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:11 pm

SNX

TD SYNNEX announced that CEO Rich Hume will retire and Patrick Zammit will take over as CEO, effective September 1.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:10 pm

AMZN

GME

MSFT

SONY

GameStop Corp (NYSE:GME) stock has dropped nearly 16% this week following its annual shareholder meeting. CEO Ryan Cohen emphasized a strategic pivot towards profitability through cost reduction and avoiding meme-stock hype. Despite efforts to transform into a digital storefront, GameStop's software revenue fell 30% in Q1, and toy sales declined by 20%. The company has closed locations, shut down distribution centers, and laid off employees. Analyst Michael Pachter criticized the business model, while Piers Harding-Rolls noted potential support from the company's cash position and upcoming video game console releases.

Portfolio Pulse from Anusuya Lahiri

June 20, 2024 | 11:29 am

BA

Families of Boeing 737 Max crash victims are urging the DOJ to impose a $25 billion fine on Boeing Co. (NYSE:BA) following two fatal crashes. The demand comes amid increased scrutiny and criticism of Boeing's leadership. The DOJ has until July 7 to decide on the punishment, which could include criminal charges or a new deal with additional conditions.

Portfolio Pulse from Benzinga Neuro

June 20, 2024 | 11:28 am

SABS

SAB Biotherapeutics (NASDAQ:SABS) has rebranded as SAB BIO to align with its focus on developing therapies for type 1 diabetes. The rebrand includes a new name, logo, and website updates. The company will present at the American Diabetes Association 84th Scientific Sessions in June 2024 and has confirmed its fiscal year 2024 outlook and upcoming milestones, including a topline data readout from its Phase 1 study of SAB-142.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 11:24 am