Streetbeat News

Corporate Responsibility

TSLA

Robyn Denholm, Tesla Inc.'s Board Chair, has urged shareholders to reapprove CEO Elon Musk's $47 billion compensation package, previously overturned by a Delaware judge. Denholm highlighted the package's role in achieving Tesla's financial and operational targets, which significantly increased the company's value and shareholder wealth. The appeal comes amid scrutiny over transactions among Musk's companies and his rising net worth. A shareholder vote is scheduled for June 13, 2024, at the annual meeting.

Portfolio Pulse from Bibhu Pattnaik

May 04, 2024 | 5:21 pm

BRK

XRT

Warren Buffett, through a letter, advised consumers on saving money by using services from Berkshire Hathaway's subsidiaries, GEICO for auto insurance and Borsheims for luxury jewelry, highlighting their cost advantages. This advice is particularly relevant in the current inflationary environment where consumers are facing financial pressures. The SPDR S&P Retail ETF (XRT) saw a rise, indicating a potential impact on consumer spending and retail stocks.

Portfolio Pulse from Shanthi Rexaline

May 04, 2024 | 3:52 pm

BRK

Warren Buffett's annual shopping event for Berkshire Hathaway Inc. shareholders has begun, featuring products from its companies like Brooks Running, See's Candies, and Jazwares. The event, held at the CHI Health Center, showcases over 50,000 items including Squishmallows of Buffett and Munger, and a special edition of 'Poor Charlie's Almanack.'

Portfolio Pulse from Anan Ashraf

May 04, 2024 | 11:01 am

AONC

American Oncology Network (AON) announced CFO Dave Gould will step down on May 17, 2024. David Afshar is appointed as interim CFO starting May 20, 2024. AON is initiating a search for a new CFO. Afshar brings over 25 years of experience in healthcare services, including roles in companies with revenues ranging from $300 million to over $1.8 billion. CEO Todd Schonherz thanked Gould for his contributions, especially in helping AON become a public company, and expressed confidence in the company's strategic plans and growth opportunities.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:37 pm

TD

TD Bank Group (NYSE:TD) addresses concerns about its anti-money laundering (AML) program, acknowledging shortcomings in monitoring and reporting illegal activities. CEO Bharat Masrani expressed regret over these failures, emphasizing they do not reflect the bank's values or its dealings with customers. TD has initiated a comprehensive overhaul of its AML program, investing over $500 million in remediation, hiring AML experts, and enhancing technology and processes to improve oversight and compliance.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:28 pm

OSIS

OSI Systems announced that its President and CEO, Deepak Chopra, will retire by the end of the calendar year. However, he will continue to serve as the Executive Chairman of the company.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 9:00 pm

TELL

Tellurian Inc. has terminated its Distribution Agency Agreement with T.R. Winston & Company, initially dated December 30, 2022. Despite this termination, Tellurian maintains an active Distribution Agency Agreement with Virtu Americas LLC as of March 15, allowing the company to raise up to approximately $348.7 million in aggregate gross sales proceeds under the Virtu ATM agreement, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:54 pm

AXIL

Axil Brands announced the appointment of Jeff Brown as CFO and COO, effective May 1, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:49 pm

PAVS

Paranovus Entertainment announced significant executive changes: Ling Guo has been appointed as CFO, while Xuezhu Wang resigned as CEO and Chairperson. Xiaoyue Zhang steps in as the new CEO. These changes could signal strategic shifts or operational adjustments within the company.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:41 pm

LPTV

Loop Media shares surged following the announcement of their Q2 results, which included a significant cost-cutting review and a 108% increase in partner screens across partner platforms.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:40 pm