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Corporate Responsibility

DIS

PENN

Aaron LaBerge, the CTO of Disney Entertainment and ESPN, is set to leave Disney for personal reasons and will join Penn Entertainment as CTO. His departure continues the trend of veteran executives leaving Disney. LaBerge has played a crucial role in developing Disney's streaming services, including the integration of advertising into Disney+ and the unification of Hulu and Disney+ into one application. His move to Penn Entertainment, where he will drive the technology strategy for ESPN Bet and other interactive divisions, is seen as a continuation of his contributions to Disney and ESPN. A search for his replacement is underway, with Chris Lawson stepping in as interim CTO.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 5:49 pm

RMBL

RumbleOn's CFO, Blake Lawson, has submitted his resignation but will continue in his role until the company's 2024 Annual Meeting of Shareholders on June 4, 2024, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 5:42 pm

MSFT

Microsoft announced the expansion of its private preview of content integrity tools to EU political parties, campaigns, and global news organizations, offering it at no cost through 2024. This initiative aims to enhance the integrity and security of content shared and consumed online.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 5:01 pm

DAL

Delta Air Lines announced it will increase the minimum starting wage to $19 an hour for its employees and provide a 5% pay raise to eligible employees worldwide. This move represents an approximately $500 million annual investment in the company's workforce.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 4:06 pm

TCNNF

Federal OSHA experts emphasized the need for safety strategies in the cannabis industry following the first occupational-related cannabis death in Massachusetts. Trulieve (OTCQX:TCNNF) faced a lawsuit after an employee died from asthma exacerbated by workplace exposure. OSHA's webinar highlighted the importance of industry involvement in training and reporting symptoms of occupational allergy. Despite cannabis being federally illegal, OSHA standards still apply to employers in the industry, stressing the need for marking hazardous chemicals and establishing robust health and safety standards.

Portfolio Pulse from Nina Zdinjak

April 22, 2024 | 3:59 pm

TSLA

Tesla has reportedly eliminated its 'Growth Content' advertising team, consisting of approximately 40 members, according to Bloomberg. This move could indicate a shift in Tesla's marketing strategy or a cost-cutting measure.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 2:36 pm

GSK

SNY

Sanofi has agreed to pay $100 million to settle lawsuits alleging that its heartburn medication Zantac caused cancer. This settlement aims to resolve a significant portion of the legal challenges faced by the company related to Zantac.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 2:31 pm

ABAT

American Battery Technology Company (ABTC), listed as ABAT on NASDAQ, has announced the commissioning of its pilot plant for producing battery grade lithium hydroxide from Nevada claystone, marking a significant step in commercializing its unique lithium extraction process. Supported by a U.S. Department of Energy grant, the plant demonstrates ABTC's capability to produce lithium hydroxide for strategic customers. ABTC plans to expand this technology with a commercial-scale refinery, also supported by a DOE grant, and is advancing its battery recycling technologies.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:21 pm

NSC

Ancora Holdings Group, LLC, a significant shareholder in Norfolk Southern Corporation (NYSE:NSC), has issued a letter to shareholders urging them to support its campaign to elect a new slate of seven directors to Norfolk Southern's Board at the upcoming Annual Meeting on May 9, 2024. Ancora criticizes the current leadership's handling of the company, particularly its deal with CPKC and the hiring of a third COO in 2.5 years, and advocates for a PSR-powered scheduled network to improve service, safety, and value.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:16 pm