Streetbeat News

Labor Issues

AWH

Aspira Women's Health Inc. (NASDAQ:AWH) announced that its Chief Scientific and Operating Officer, Ryan Phan, Ph.D., will step down effective September 15, 2023. However, Dr. Phan will remain as an advisor for the company, providing scientific and operational advice related to ongoing product development programs. The company is confident in its ability to launch EndoCheck before the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 9:15 pm

ASYS

Amtech Systems (NASDAQ:ASYS) announced that CEO Michael Whang will step down effective August 8, 2023, and will be replaced by current Chairman of the Board, Bob Daigle. Whang will remain as an advisor until February 8, 2024. The company is focusing on growth opportunities in the semiconductor sector, particularly in silicon carbide semiconductors for the electric vehicle industry.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 8:54 pm

DIS

Disney CEO, Iger, expressed hope for a quick resolution to the Hollywood strikes that have been ongoing for the past few months. He emphasized the importance of the company's relationships with the creative community.

Portfolio Pulse from Charles Gross

August 09, 2023 | 8:50 pm

GRTX

Galera Therapeutics, Inc. (NASDAQ:GRTX) has received a Complete Response Letter (CRL) from the U.S. Food and Drug Administration (FDA) regarding its New Drug Application (NDA) for avasopasem manganese, a treatment for radiotherapy-induced severe oral mucositis. The FDA stated that additional clinical trial results will be required for resubmission. Galera plans to request a Type A meeting with the FDA to discuss the decision and next steps. The company also plans to reduce its workforce by approximately 70% to extend its cash runway.

Portfolio Pulse from Happy Mohamed

August 09, 2023 | 8:35 pm

AR

CHK

CVX

KMI

LNG

TELL

WDS

US natural gas prices surged 6% on Thursday, hitting a six-month high due to increased electricity usage from air conditioning demand. The surge is also impacting Europe, with Dutch TTF prices rising 28% in a day. Factors driving the prices include record-breaking electricity demand in Texas and potential strikes at Chevron Corp. and Woodside Energy Group Ltd. facilities in Australia. Several US natural gas stocks, including Cheniere Energy, Chesapeake Energy Corp., Tellurian, Kinder Morgan, and Antero Resources Corp., are in focus.

Portfolio Pulse from Piero Cingari

August 09, 2023 | 8:20 pm

VVV

Valvoline Inc. (NYSE:VVV) reported Q3 FY23 sales growth of 19% YoY to $376.20 million, beating the analyst consensus. Adjusted EPS was $0.43, also beating the consensus. The company announced CEO Sam Mitchell's retirement, effective September 30, 2023, with Lori Flees named as the incoming CEO. Valvoline raised its FY23 adjusted net income outlook to $185 million-$200 million. However, VVV shares are trading lower by 1.86%.

Portfolio Pulse from Nabaparna Bhattacharya

August 09, 2023 | 3:39 pm

TSM

The president of TSMC Arizona has defended the company's decision to fly in Taiwanese workers for its new plant in the state. The move has been criticized as it could potentially take away jobs from local residents.

Portfolio Pulse from Happy Mohamed

August 09, 2023 | 2:51 pm

AMZN

Amazon has lost two key executives from its drone delivery unit, Prime Air, amid ongoing struggles with the service. The departures of Jim Mullin, Prime Air's chief pilot, and Robert Dreer, responsible for all of Prime Air's test operations, come as the service has struggled to expand beyond tests in two small U.S. markets. The drone unit has been hampered by regulatory restrictions, a string of crashes, and a failure to meet delivery targets. The departures could impact Amazon's ability to meet key regulatory requirements of the Federal Aviation Administration.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 1:23 pm

PYPL

PayPal's Chief Strategy and Growth Officer, Jonathan Auerbach, is set to depart from the company. The news was reported by Reuters but no further details were provided.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 10:15 pm

SLRX

Salarius Pharmaceuticals, Inc. (NASDAQ:SLRX) has announced plans to explore strategic alternatives and implement measures to extend its resources. The company has retained Canaccord Genuity, LLC to lead a comprehensive review of strategic alternatives including an acquisition, merger, reverse merger, divestiture of assets, licensing or other strategic transactions. Salarius is also implementing a cost-savings plan that includes a reduction in workforce by over 50% of its positions.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 9:59 pm