Streetbeat News

Corporate Responsibility

DIS

Ross Gerber, CEO of Gerber Kawasaki, publicly supports Disney's CEO Bob Iger during a proxy battle with activist investors. Gerber praises Iger's leadership and Disney's recent successes, including a new deal with ESPN and the addition of Taylor Swift to their platform. George Lucas also supports Iger, highlighting the broad industry backing against activist investor Nelson Peltz. Disney's strategic moves, including a studio overhaul, aim to revitalize its business amidst challenges.

Portfolio Pulse from Benzinga Neuro

March 21, 2024 | 9:11 am

MNOV

MediciNova, Inc. announced that two abstracts regarding its products MN-001 and MN-002 have been accepted for presentation at the 92nd EAS 2024 Congress. The studies focus on the efficacy, safety, and tolerability of MN-001 in treating non-alcoholic fatty liver disease, hypertriglyceridemia, and type-2 diabetes mellitus, and the role of MN-002 in promoting macrophage cholesterol efflux.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 7:14 am

EC

Ecopetrol has received approval for a debt management transaction valued at $1.2 billion. This strategic financial move is aimed at optimizing the company's debt profile.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 6:39 am

AAPL

Parler, a social media network, has returned to Apple Inc.'s App Store under new ownership, promising to ban violent and controversial content. The platform, offline since April 2023, is now invite-only and anticipates Android approval. The return follows a year of challenges, including being removed from app stores after the Jan. 6 Capitol riot and significant layoffs.

Portfolio Pulse from Benzinga Neuro

March 21, 2024 | 3:32 am

AAPL

The U.S. Department of Justice (DOJ) is reportedly set to file an antitrust lawsuit against Apple Inc. (AAPL) for allegedly restricting competitors' access to iPhone hardware and software, marking the third antitrust case against the company in 14 years. This lawsuit is part of a broader effort by the Joe Biden administration to address antitrust concerns with major U.S. tech companies. Apple faces global legal challenges, including a recent €1.8 billion fine in the EU for preventing music streaming rivals from offering cheaper deals, and a $13.7 million fine in Russia for abuse of market dominance.

Portfolio Pulse from Ananya Gairola

March 21, 2024 | 2:23 am

KO

Coca-Cola Co (NYSE:KO) releases soda with real sugar and yellow caps annually for Passover, catering to Jewish customers who abstain from corn syrups. The special edition is available to all, with some preferring its taste over the regular version.

Portfolio Pulse from Aaron Bry

March 20, 2024 | 9:33 pm

HLTH

Cue Health announces Clint Sever as new CEO, replacing Ayub Khattak. The company plans a comprehensive review of its business and operations to refine its strategy and cost structure, aiming to strengthen its future position.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 9:23 pm

GOLD

Barrick Gold (NYSE:GOLD) is expanding its operations in the Democratic Republic of Congo and focusing on renewable energy initiatives, including a 16MW solar plant set for 2024. The company highlighted the success of its Kibali mine, emphasizing local economic development and responsible mining practices. Barrick is also planning to increase its presence in the African copper belt and has established the Barrick Academy in Tanzania to train over 2,000 personnel, supporting its growth and sustainability goals.

Portfolio Pulse from Stjepan Kalinic

March 20, 2024 | 9:08 pm

ATI

CMC

COPX

NUE

Nucor Corporation has partnered with Mercedes-Benz to supply low-carbon steel for vehicle production, aligning with sustainability goals. ATI Inc. launched a new forging press to enhance titanium production for aerospace and defense. The Global X Copper Miners ETF saw a significant surge due to a rise in copper prices, driven by market tightness. Commercial Metals Company announced an increased quarterly dividend.

Portfolio Pulse from Austin DeNoce

March 20, 2024 | 9:06 pm

KKR

KKR has agreed to acquire a majority stake in Avantus. Although the terms of the deal were not disclosed, KKR plans to support Avantus post-acquisition by creating an equity ownership program for all employees, allowing them to benefit from company ownership.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 8:48 pm