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Corporate Responsibility

WSFS

WSFS Financial Corporation has announced the appointment of David Burg as the new Executive Vice President and Chief Financial Officer, effective August 15, 2024. Burg will lead the company's financial operations and strategy.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 8:08 pm

GOOG

GOOGL

IEMG

IVV

Ray Dalio jokingly suggested that Taylor Swift could be a unifying presidential candidate, highlighting her ability to bring people together. Dalio's comments reflect his serious concerns about societal divisions in the U.S. and the need for a leader to address them. Bridgewater Associates, Dalio's hedge fund, has significant holdings in iShares Core S&P 500 ETF (IVV), iShares Core MSCI Emerging Markets ETF (IEMG), and Alphabet Inc (GOOG, GOOGL).

Portfolio Pulse from Surbhi Jain

May 21, 2024 | 7:57 pm

PEGY

Pineapple Energy Inc (NASDAQ:PEGY) shares dropped by 24.4% to $0.14 following the resignation of CEO Kyle Udseth. Scott Maskin, founder of SUNation Energy, will serve as Interim CEO. The company aims to restore shareholder value.

Portfolio Pulse from Henry Khederian

May 21, 2024 | 5:54 pm

INCY

Incyte (NASDAQ:INCY) has acquired two office buildings in downtown Wilmington, Delaware, marking its fourth expansion in the state since 2014. The acquisition will consolidate its U.S.-based teams to enhance their efforts in developing innovative medical solutions. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 5:28 pm

UNP

Union Pacific shares are trading lower following the company's presentation at Wolfe's 17th Annual Global Transportation & Industrials Conference.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 5:27 pm

CLF

X

Cleveland-Cliffs Inc. (NYSE:CLF) criticized U.S. Steel's (NYSE:X) attempt to sell to a foreign buyer, Nippon Steel, without union support. Cleveland-Cliffs emphasized the necessity of keeping U.S. Steel American-owned and having union backing, which U.S. Steel failed to secure. The United Steelworkers (USW) union only supports Cleveland-Cliffs for the acquisition, effectively vetoing other buyers. The U.S. government also opposes the foreign sale, citing national security concerns.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 5:19 pm

HAP

HJEN

SHEL

Shell shareholders have rejected a climate resolution proposed by an activist group, with only 18.6% support. Instead, Shell's energy transition strategy for 2024 received overwhelming support from 78% of shareholders. The resolution aimed to align Shell's carbon reduction targets with the Paris Climate Agreement. Shell has faced scrutiny over its energy transition strategy, particularly after adjusting its 2030 carbon reduction target in March. Shell stock has gained more than 19% in the last 12 months. Investors can gain exposure to Shell via Direxion Hydrogen ETF (HJEN) and VanEck Natural Resources ETF (HAP).

Portfolio Pulse from Shivani Kumaresan

May 21, 2024 | 4:57 pm

PLCE

The Children's Place, Inc. (NASDAQ:PLCE) announced that President and CEO Jane Elfers will depart, and Muhammad Umair will be appointed as the new President and Interim CEO, effective May 20, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 4:46 pm

GE

GE Aerospace plans to hire 900 engineers this year, according to the company's CEO. This move is part of GE's strategy to bolster its engineering capabilities and support future growth.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 4:45 pm

CAT

Caterpillar Inc. will pay $800,000 to resolve racial hiring discrimination at its Decatur, Illinois facility, according to the U.S. Labor Department.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 4:05 pm