Streetbeat News

Corporate Responsibility

BWA

BorgWarner Inc. (NYSE:BWA) has announced the promotion of Joseph Fadool to Executive Vice President and Chief Operating Officer, effective July 1, 2024. The company is also establishing a new business unit structure.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 12:24 pm

TSLA

Tesla's board criticized Glass Lewis for recommending shareholders vote against Elon Musk's rescinded $56 billion pay package, citing faulty logic and speculation. The board emphasized Musk's achievements and urged shareholders to support the pay package and the move of Tesla's incorporation to Texas.

Portfolio Pulse from Anan Ashraf

May 30, 2024 | 12:20 pm

CRL

Charles River Laboratories International, Inc. (NYSE:CRL) has introduced its Modular and Fast Track viral vector technology transfer frameworks to accelerate gene therapy development. The program aims to ensure seamless process transfer to its Maryland-based viral vector Center of Excellence within nine months.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 12:03 pm

EHTH

eHealth's CFO John Stelben will retire at the end of August 2024, and John Dolan, the current Chief Accounting Officer, will be appointed as the new CFO.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 11:20 am

LICY

Li-Cycle is supporting Daimler Truck North America (DTNA) in integrating a comprehensive circular economy approach across its operations.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 10:45 am

DTGHF

LICY

Li-Cycle has announced a partnership with Daimler Truck North America to recycle lithium-ion batteries. This collaboration aims to enhance sustainability in the electric vehicle industry.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 10:45 am

CLNE

Cemex US has signed a deal with Clean Energy Fuels Corp. (NASDAQ:CLNE) to provide renewable natural gas (RNG) for its fleet in Southern California. The agreement includes the construction of a private fueling station for Cemex's trucks, expected to be completed by the end of the year.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 10:35 am

ARKK

ARKQ

GOOGL

PATH

UiPath, Inc. (NYSE:PATH) shares dropped 30% in premarket trading after announcing CEO Rob Enslin's resignation, effective June 1, 2024, with founder Daniel Dines set to return as CEO. The company also reported increased deal scrutiny, lengthening sales cycles, and a widened quarterly operating loss. Despite beating earnings and sales estimates, UiPath lowered its fiscal year 2025 revenue outlook, causing investor concern.

Portfolio Pulse from Nabaparna Bhattacharya

May 30, 2024 | 10:00 am

MA

Mastercard has opened its European Cyber Resilience Centre in Belgium to enhance cybersecurity and resilience in the commerce and payment ecosystem. The centre aims to improve defenses against cyber threats, speed up response times, and foster collaboration between the public and private sectors.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 9:37 am

TSLA

Gary Black, Managing Partner at The Future Fund LLC, warns that there is a 'fair chance' Elon Musk will leave Tesla if shareholders vote against his 2018 compensation package in the 2024 proxy vote. Black argues that Musk's departure could lead to a talent drain and hinder Tesla's progress in achieving unsupervised autonomy. The compensation package, valued at $56 billion, was overturned by a Delaware court earlier this year, and Tesla's board is seeking to reinstate it through a shareholder vote in June.

Portfolio Pulse from Benzinga Neuro

May 30, 2024 | 9:11 am