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Corporate Responsibility

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GM

TSLA

Cathie Wood of Ark Investment Management praised Elon Musk's dedication to Tesla shareholders and warned of negative impacts if shareholders renege on his $56 billion pay package. Wood highlighted Musk's unique compensation structure and Tesla's impressive performance despite challenges. The fate of Musk's compensation package will be decided by Tesla shareholders on June 13.

Portfolio Pulse from Ananya Gairola

June 07, 2024 | 3:12 am

ABDE

Edward Snowden supports Richard Stallman's warnings about proprietary software following backlash against Adobe Inc. (NASDAQ:ABDE) for its new terms and conditions, which allow content review by automated and manual methods. This has led to calls for professionals to cancel their Adobe subscriptions.

Portfolio Pulse from Ananya Gairola

June 07, 2024 | 2:01 am

ROG

Rogers Corporation plans to streamline operations by winding down manufacturing of advanced circuit materials at its Evergem, Belgium factory by mid-2025. The company will continue to support customers through its facilities in China and the U.S. This move is expected to improve operating profit by $7 to $9 million annually, but will incur charges of $18 to $28 million.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 9:02 pm

PIPR

Piper Sandler Companies (NYSE:PIPR) has entered into a definitive agreement to acquire Aviditi Advisors, enhancing its private equity M&A and capital markets capabilities. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:37 pm

CHRW

C.H. Robinson has appointed Damon Lee as its new Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:18 pm

SACH

Sachem Capital has appointed Nicholas Marcello as its interim CFO, effective immediately. John Villano will continue to serve as the CEO.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:17 pm

ALLG

Allego N.V. (NYSE: ALLG) has appointed Steven Salo as its new Chief Financial Officer, effective July 1st, 2024. Salo brings decades of experience in the industrial sectors to the electric vehicle charging solutions provider.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:10 pm

QGEN

QIAGEN has announced that it will discontinue its NeuMoDx integrated PCR testing system. This decision is part of the company's strategic review of its product portfolio.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:10 pm

ESP

Espey Mfg. & Electronics Corp. (NYSE:ESP) has increased its quarterly dividend from $0.175 to $0.20 per share, a 14% rise. The dividend will be payable on June 24, 2024, to shareholders of record on June 17, 2024. Additionally, the company has signed a new employment agreement with its President and CEO, David O'Neil.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:07 pm

MSEX

Middlesex Water Company is initiating a $9.7 million project to upgrade Woodbridge, New Jersey's drinking water infrastructure. The project, starting in June 2024, will revamp 18,550 linear feet of water mains and eliminate lead or galvanized steel service lines.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:05 pm