Streetbeat News

Corporate Responsibility

SINT

SiNtx Technologies shares surged following the announcement of a special stockholders meeting filed on Tuesday.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 7:38 pm

RIVN

Rivian announced ongoing efforts to right-size the business and align with priorities, including further changes to teams supporting the business, following initial adjustments made in February.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 6:58 pm

SPY

X

President Biden emphasized that U.S. Steel should stay American owned and operated, accusing China of cheating rather than competing fairly in the steel industry.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 6:35 pm

BSX

The FDA announced that Boston Scientific is recalling its Obsidio Conformable Embolic due to an increased risk of bowel ischemia when used for lower GI bleeding. This recall is classified as a correction rather than a product removal and is considered a Class I recall. There have been 11 incidents reported, including seven injuries and two deaths related to the use of the Obsidio Embolic.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 6:22 pm

SHEL

Shell plc (NYSE:SHEL) has urged shareholders to vote against a resolution demanding tighter climate targets, arguing it would negatively impact the company financially and not align with energy security or global warming mitigation. The resolution, led by Follow This, aims to align Shell's carbon reduction targets with the Paris Climate Agreement. Despite this, Shell has made progress in reducing carbon intensity and has set new ambitions for reducing customer emissions by 2030.

Portfolio Pulse from Lekha Gupta

April 17, 2024 | 6:14 pm

SPY

X

President Biden has guaranteed that U.S. steel production will remain domestic, according to Bloomberg. This statement could have significant implications for the U.S. steel industry and its competitiveness on a global scale.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 6:08 pm

GOOG

GOOX

IXP

Several Alphabet Inc. (GOOG) employees were arrested after protesting the company's $1.2 billion cloud contract with Israel. The protests, led by the group No Tech For Apartheid, took place in New York and Sunnyvale, California, involving sit-ins and the occupation of Google Cloud CEO's office. The protesters demand withdrawal from the 'Project Nimbus' contract with Israel. Nine protesters were arrested, and participants face disciplinary actions. Investors can track Alphabet's stock impact through ETFs like GOOX and IXP.

Portfolio Pulse from Lekha Gupta

April 17, 2024 | 6:00 pm

EDR

WWE

WWE has undergone significant changes with Vince McMahon merging it with Endeavor Group's UFC to form TKO, where he serves as executive chairman. McMahon's departure from day-to-day operations has led to a more relaxed company culture under the leadership of Paul Levesque and Nick Khan. WWE has secured lucrative media rights deals with NBCUniversal and Netflix, signaling a strong post-McMahon direction. McMahon has also sold a substantial amount of TKO shares since stepping down.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:55 pm

TKO

WWE

Ex-WWE CEO Vince McMahon, after resigning amid allegations of sexual abuse and trafficking by former employee Janel Grant, is living lavishly and staying in touch with notable figures like Donald Trump, John Cena, and Dwayne Johnson. Despite facing a federal criminal investigation, McMahon has not been charged and is cooperating with authorities. WWE, under the new leadership of TKO Group Holdings and transitioning into the Paul Levesque era, is moving forward with significant media rights deals and a more relaxed work environment.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:54 pm

ADDDF

ADDYY

NKE

Adidas AG (OTC:ADDYY) (OTC:ADDDF) raised its 2024 profit outlook after a better than expected Q1, signaling recovery from its first annual loss in over 30 years and struggles in North America. CEO Bjorn Gulden's efforts, including inventory reduction, are showing positive signs. Meanwhile, Nike Inc (NYSE:NKE) faces challenges in innovation due to remote work but is implementing a restructuring plan to save $2 billion over three years.

Portfolio Pulse from Upwallstreet

April 17, 2024 | 5:31 pm