Streetbeat News

Equity Actions

KVUE

Kenvue's Board of Directors has authorized a share repurchase program, allowing the company to repurchase up to 27 million shares of its outstanding common stock. The program has no expiration date and aims to offset dilution from the vesting or exercise of equity awards under Kenvue's equity incentive plan.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:34 am

GOOG

GOOGL

META

TikTok, YouTube, and Meta are reportedly seeking e-commerce licenses in Indonesia, according to Reuters. This move is seen as an attempt to tap into the country's rapidly growing digital economy.

Portfolio Pulse from Charles Gross

October 26, 2023 | 10:20 am

CX

Cemex, a global building materials company, has projected its FY23 Operating EBITDA to exceed $3.3 billion, with a capital expenditure (Capex) of $1.3 billion.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:18 am

TIGO

Millicom has reiterated its guidance of cumulative Equity Free Cash Flow (EFCF) of at least $500 million for the period 2022-2024.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:05 am

ADBE

DA Davidson analyst Gil Luria has upgraded Adobe (NASDAQ:ADBE) from Neutral to Buy and raised the price target from $500 to $640.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 8:24 am

MTLS

Materialise NV (NASDAQ:MTLS) has announced a leadership transition, with Brigitte de Vet-Veithen appointed as the new CEO, succeeding co-founder Fried Vancraen who will become the new Chairman of the Board of Directors. The transition will be effective from January 1, 2024. Peter Leys will continue as a Director, while co-founder Mrs. Ingelaere will step back from her role as Executive Vice President to focus on her Board member activities.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 7:16 am

STLA

Stellantis N.V. (OTC:STLA) has announced a $1.58 billion investment to acquire approximately 20% of Leapmotor, making it a strategic shareholder. The deal includes the creation of Leapmotor International, a joint venture led by Stellantis, which will oversee the manufacturing and sales of Leapmotor products outside Greater China. The partnership aims to boost Leapmotor's sales in China and significantly accelerate the brand’s sales in other regions, starting with Europe. The joint venture expects to begin shipments in the second half of 2024.

Portfolio Pulse from Benzinga Neuro

October 26, 2023 | 6:49 am

STLA

Stellantis N.V. plans to invest €1.5 billion to acquire approximately 20% of Leapmotor, making it a significant shareholder. The deal also includes the formation of Leapmotor International, a Stellantis-led joint venture with exclusive rights for the export and sale, as well as manufacturing, of Leapmotor products outside Greater China.

Portfolio Pulse from Charles Gross

October 25, 2023 | 11:12 pm

F

The United Auto Workers (UAW) and Ford are expected to announce a new tentative labor deal on Wednesday night. The deal includes a 25% wage increase with an 11% raise in the first year, according to the Wall Street Journal.

Portfolio Pulse from Charles Gross

October 25, 2023 | 11:04 pm

VRNOF

Verano Holdings Corp. has begun trading on Canada's Neo Exchange Inc., operated by Cboe Canada, as part of its strategy to gain entry into the U.S. market. The company's leaders highlighted the robustness of the NEO and the backing of Cboe as key factors in their decision. They also noted that the move offers a more direct route to U.S. exchange status once the regulatory landscape becomes favorable.

Portfolio Pulse from Patricio Liddle

October 25, 2023 | 10:29 pm