Streetbeat News

Corporate Responsibility

CBUS

Cibus announced restructuring and cost reduction initiatives to optimize its business and cost structure, aiming for $10 million in annual savings and a 20% reduction in monthly cash use by early 2025. The focus is on herbicide-resistant traits in Rice, Soybean platform development, and multi-crop traits.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 11:02 am

COIN

Coinbase CEO Brian Armstrong and Elon Musk have endorsed John Deaton, a pro-cryptocurrency candidate, in the Massachusetts Senate race against Elizabeth Warren. Armstrong criticized Warren's anti-crypto stance, while Musk's endorsement aligns with his political views.

Portfolio Pulse from Aniket Verma

October 21, 2024 | 11:01 am

VVI

Viad plans to change its corporate name to Pursuit and its NYSE ticker symbol to PRSU after selling GES. David Barry will become CEO of Pursuit, while Steve Moster will transition to an advisory role. GES and Pursuit will remain under Viad until the transaction is complete.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 10:59 am

T

AT&T has successfully ratified labor agreements with the Communications Workers of America (CWA), covering approximately 23,000 employees in the Southeast and West regions. This move underscores AT&T's position as the largest employer of union-represented employees in the U.S. telecommunications industry and highlights its commitment to providing competitive wages and benefits.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:16 am

COIN

Coinbase CEO Brian Armstrong endorses Republican Dave McCormick for the Pennsylvania Senate seat, highlighting McCormick's favorable stance on cryptocurrency. Armstrong's support is significant due to his leadership at Coinbase, a major digital asset platform.

Portfolio Pulse from Aniket Verma

October 21, 2024 | 5:02 am

LUV

Southwest Airlines is in settlement talks with Elliott Management to avoid a proxy fight for board control. Elliott, holding an 11% stake, seeks board representation to improve governance and financial performance. Talks are ongoing but not finalized.

Portfolio Pulse from Anan Ashraf

October 20, 2024 | 4:17 am

MVST

Microvast Holdings has announced that Fariyal Khanbabi will become the Chief Financial Officer on or about October 21.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 8:17 pm

PSA

Public Storage has appointed Chris Sambar as its new Chief Operating Officer. This leadership change could influence the company's operational strategies and performance.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 8:07 pm

WMT

Walmart has reached a settlement agreement to resolve shareholder derivative actions related to opioid oversight claims. The settlement includes a $123 million insurance payout and five-year corporate governance measures, pending court approval. Walmart and the defendants have not admitted liability.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 8:06 pm

SBUX

Starbucks has appointed Tressie Lieberman as its new Chief Brand Officer. This move is part of Starbucks' strategy to strengthen its brand presence and marketing efforts.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 5:53 pm