Streetbeat News

Corporate Responsibility

COR

WBA

Walgreens Boots Alliance (WBA) has sold shares of Cencora (COR) for $400 million, reducing its ownership from 13% to 12%. The proceeds will be used for debt paydown and general corporate purposes. The sale does not affect the long-term partnership between the two companies.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 9:40 pm

TNXP

Tonix Pharmaceuticals plans to reduce its workforce by 23 full-time employees and decommission its Advanced Development Center in Massachusetts by June 7, 2024. The company does not expect to incur a material charge from these actions.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 9:26 pm

DD

DuPont De Nemours shares are trading higher following the announcement of a plan to separate into three publicly traded companies. The company also reaffirmed its Q2 2024 guidance.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 8:57 pm

TNON

Steven Van Dick has informed Tenon Medical of his decision to retire and resign from his positions, including as CFO.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 8:49 pm

DD

DuPont announced that Ed Breen will transition to the role of Executive Chairman, while Lori Koch will become the new CEO and Antonella Franzen will be the new CFO, effective June 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 8:47 pm

DD

DuPont announced plans to separate into three publicly traded companies, spinning out its electronics and water businesses. Antonella Franzen has been named CFO, and the company reaffirmed its Q2 and FY net sales and adjusted EPS guidance. Ed Breen will transition to the role of Executive Chair.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 8:47 pm

FARM

Farmer Brothers has appointed Vance Fisher as the new Chief Financial Officer, while interim CFO Brad Bollner will continue in his role as Vice President of Finance.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 8:32 pm

KNOP

Knot Offshore Partners (KNOP) aims to enhance long-term visibility through its charter contracts, improve liquidity, and leverage its market-leading position in the shuttle tanker market.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 8:32 pm

ALNT

Allient has appointed James A. Michaud as the new CFO, effective June 3, 2024, succeeding Michael R. Leach who is retiring.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 8:28 pm

CLF

MT

SCCO

USGO

X

Cleveland-Cliffs refutes U.S. Steel's allegations regarding a failed deal, ArcelorMittal initiates a carbon capture unit, U.S. GoldMining prepares for the Whistler Gold Project, and Southern Copper's Tia Maria project is set to break ground.

Portfolio Pulse from Austin DeNoce

May 22, 2024 | 8:23 pm