Streetbeat News

Corporate Responsibility

TXT

Textron Aviation's four company-owned service centers in Singapore, Paris, Zurich, and Indianapolis have been recertified as Green Aviation Businesses by NATA, exceeding the standard requirements and adopting additional sustainable practices.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 6:39 am

META

A U.S. District Judge in Oakland, California, partially dismissed claims against Meta Platforms CEO Mark Zuckerberg in lawsuits alleging harm to children from Facebook and Instagram. The judge ruled plaintiffs couldn't prove Zuckerberg had a duty to disclose risks. Meta still faces other allegations in ongoing lawsuits involving tech giants like Alphabet, ByteDance, and Snap, related to social media's impact on youth.

Portfolio Pulse from Benzinga Neuro

April 16, 2024 | 5:45 am

BLOZF

CMPS

IGC

TPB

The cannabis industry is witnessing significant executive changes across various companies, with new CEOs, CFOs, COOs, and board members being appointed. These changes come as the industry prepares for the Benzinga Cannabis Capital Conference in Florida, highlighting the sector's dynamic nature and growth. Notably, U.S.-based cannabis executives' salaries have surpassed the $500,000 mark, indicating the industry's lucrative potential. Companies like Decibel Cannabis, Schwazze, DIZPOT, and others have announced leadership changes, aiming to strengthen their market positions and expand operations.

Portfolio Pulse from Jelena Martinovic

April 16, 2024 | 12:22 am

MIGI

Mawson Infrastructure has announced the appointment of Ryan Costello as the Chair of its Board of Directors, effective April 9, 2024. This strategic move could signal a new direction or reinforce the company's commitment to its current strategy.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 9:17 pm

ZVRA

Zevra Therapeutics presented new data on the long-term safety and efficacy of Arimoclomol for treating Niemann-Pick Disease Type C (NPC) at the SIMD 45th Annual Meeting. The data supports Arimoclomol's tolerability and effectiveness, with Zevra's CEO, Neil F. McFarlane, highlighting the company's commitment to FDA collaboration ahead of the PDUFA date on September 21, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 9:07 pm

MSFT

Former Microsoft Corp. (NASDAQ:MSFT) Blizzard President Mike Ybarra suggested adding a tipping feature to video games, allowing players to directly tip developers of games they love. The idea has received mixed reactions, with some supporting the direct support to developers, while others are concerned about the potential for platforms to take a cut of these tips. The suggestion comes amid discussions on better supporting developers, including unionization, in the face of industry layoffs and studio closures.

Portfolio Pulse from Franca Quarneti

April 15, 2024 | 8:46 pm

BTCUSD

ETHUSD

SOLUSD

Anthony Scaramucci, founder of SkyBridge Capital, expressed skepticism towards meme coins at a London conference, despite their Q1 2024 returns exceeding 1,000%. His fund, which holds Bitcoin, Ethereum, and Solana, will continue to focus on these cryptocurrencies, citing their wider acceptance and potential as long-term assets. Scaramucci's conservative investment strategy aligns with his view on the importance of spot Bitcoin ETFs for overcoming regulatory barriers and attracting new capital to the cryptocurrency market.

Portfolio Pulse from Khyathi Dalal

April 15, 2024 | 8:27 pm

NUMIF

Numinus Wellness (OTCQX:NUMIF) reported a decline in Q2 2024 revenue to $3.66 million from $3.89 million in Q2 2023, amid clinic reshuffling and industry trends. The company's cash position decreased to $4.8 million from $14.33 million year-over-year. Despite reduced revenues and gross profit, Numinus saw a decrease in G&A expenses and total expenses, leading to a smaller net loss compared to the same period in 2023. The company is focusing on profitability and has initiated cost containment measures, including discontinuing its unprofitable Phoenix clinic and reducing headcount by 60%. Numinus is also exploring strategic alternatives for its Canadian operations to focus on growth opportunities in the U.S., where it generated 88% of its revenue in FY2023.

Portfolio Pulse from Lara Goldstein

April 15, 2024 | 8:13 pm

NVST

Envista Holdings has announced the appointment of Paul Keel as CEO and a member of the Board of Directors, effective May 1, 2024. He will succeed Amir Aghdaei, who will remain as a senior advisor to support the transition.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 8:11 pm

SPT

Sprout Social announced the appointment of President Ryan Barretto as its new CEO, effective October 1, 2024. Co-founder and current CEO Justyn Howard will transition to the role of Executive Chair. This leadership change is part of the company's long-term strategy.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 8:02 pm