Streetbeat News

Corporate Responsibility

CAH

The FDA has criticized Cardinal Health for not ensuring that syringes included in their convenience kits have the necessary 510(k) clearance, which has hindered the FDA's ability to assess associated risks. This oversight could impact the company's operations and regulatory compliance.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 5:12 pm

BA

EADSY

SPR

Airbus CEO expressed concerns about procuring important work packages from their main competitor, Boeing, amid ongoing talks with Spirit AeroSystems. The timeline for these discussions remains uncertain.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 5:01 pm

FSR

Fisker, under CEO Henrik Fisker, is in discussions with four automakers regarding a potential acquisition. The company, facing financial difficulties, has warned of possible bankruptcy within 30 days without additional liquidity. Fisker has $54 million in cash as of April 16 and is working with Deutsche Bank to find a buyer. A previous deal with an automaker, rumored to be Nissan, fell through earlier this year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 5:00 pm

EADSY

Airbus CEO announced that Research & Technology (R&T) is not yet ready to launch new plane programs, indicating any request for European support would come much later in the decade, if at all.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:58 pm

LUV

Southwest Airlines' CEO announced during a conference call that the company plans further capacity reductions in 2024 and 2025, leading to challenges in headcount and efficiency. The airline has frozen and stopped all hiring except for critical positions, acknowledging they are significantly off their plan to cover the cost of capital in 2024.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:47 pm

BA

LUV

SPR

Southwest Airlines' CEO announced plans to revisit Boeing and Spirit AeroSystems this summer upon completion of their plan, emphasizing a zero-tolerance policy for underperformance. The statement was made during a conference call.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:45 pm

EADSY

SPR

Airbus CEO has expressed interest in closely monitoring the situation with Spirit Aero, indicating potential concerns or opportunities for collaboration. Additionally, Airbus's CFO has mentioned the company is building up buffer inventory to mitigate risks associated with a stressed supply chain, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:44 pm

DIVD

IDVO

TM

Toyota Motor Corporation (NYSE:TM) shares fell after announcing a $1.4 billion investment in its Princeton facility for electric SUV production. This move is part of Toyota's broader $18.6 billion U.S. investment for electrification, including a new battery pack assembly line in Indiana, creating up to 340 jobs. Despite a 68% stock increase over the past year, TM shares dropped 3.47% to $224.79. Investors can also access TM through ETFs like IDVO and DIVD.

Portfolio Pulse from Nabaparna Bhattacharya

April 25, 2024 | 4:44 pm

BA

LUV

Southwest Airlines CEO expressed optimism about Boeing's comprehensive approach to addressing issues, indicating ongoing collaboration and potential improvements in their operations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:44 pm

BA

LUV

Southwest Airlines CEO supports Boeing's efforts to address and fix issues, stating it's beneficial for a long-term partnership. He also mentioned that Southwest's headcount will decrease in 2025 and confirmed a visit to Boeing in late March.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:43 pm