Streetbeat News

Corporate Responsibility

OXY

Occidental's subsidiary, 1PointFive, has been awarded up to $500 million by the U.S. Department of Energy to develop a Direct Air Capture Hub in South Texas, with potential funding increasing to $650 million for regional expansion.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:14 pm

AUPH

Aurinia Pharmaceuticals has restructured its Board of Directors following the resignation of three directors who received less than majority support at the 2024 AGM. The new board consists of seven members, with CEO Peter Greenleaf remaining as a director despite a conditional resignation. Kevin Tang from Tang Capital Management joins as a new director.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:12 pm

MEI

Methode Electronics, Inc. (NYSE:MEI) has appointed Mark Schwabero as the new Chairman of the Board, following the retirement of Walter Aspatore. Schwabero has been a director at Methode since 2019 and was previously Vice Chairman.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:11 pm

BA

FOUR

SPCE

Jared Isaacman, CEO of Shift4 Payments, participated in a private spacewalk as part of the SpaceX Polaris Dawn mission. This raises concerns about potential risks to Shift4 Payments shareholders due to the dangers associated with space travel.

Portfolio Pulse from Chris Katje

September 12, 2024 | 8:09 pm

PTC

PTC has appointed Neil Barua as the new President and CEO, a move that could influence the company's strategic direction and operations.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:04 pm

LPRO

Open Lending Corporation has appointed Charles 'Chuck' Jehl as the new CEO, effective immediately. Jehl will also continue as Interim CFO while a search for a new CFO is conducted.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:02 pm

IYT

NSC

Norfolk Southern Corporation (NSC) is expected to see volume gains and productivity improvements despite recent management changes. BofA Securities analyst Ken Hoexter reiterated a Buy rating with a price target of $259, citing operational efficiency and earnings growth. NSC has appointed Mark George as the new CEO, replacing Alan Shaw due to policy violations. The company aims for a 66% operating ratio in 2024. NSC stock has gained over 28% in the past year, and investors can gain exposure through ETFs like iShares U.S. Transportation ETF (IYT) and Aztlan North America Nearshoring Stock Selection ETF (NRSH).

Portfolio Pulse from Nabaparna Bhattacharya

September 12, 2024 | 7:40 pm

CTKB

Cytek Biosciences announced that COO Chris Williams will resign effective September 27, 2024, to pursue a CEO role at another company. Cytek will not replace the COO position and will restructure to a flatter management structure.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 7:21 pm

TSLA

WKSP

Tesla debuts its all-electric 'Giga Train' in Germany, aiming to improve its environmental reputation. The company is also set to showcase its self-driving technology at a Robotaxi day. Meanwhile, Worksport's new solar-powered accessories could extend the range of Tesla's EVs.

Portfolio Pulse from Upwallstreet

September 12, 2024 | 6:46 pm

WFC

Wells Fargo has reached a formal agreement with the Office of the Comptroller of the Currency (OCC) to improve its anti-money laundering and sanctions risk management practices. This includes obtaining OCC approval for a risk assessment program for new offerings and fulfilling notice requirements before expansion.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 6:09 pm