Streetbeat News

Labor Issues

BCYC

Bicycle Therapeutics has appointed Alethia Young as its new Chief Financial Officer. Young brings extensive experience in the biotechnology sector, which is expected to benefit the company.

Portfolio Pulse from Bill Haddad

June 23, 2023 | 11:31 am

GRPH

Graphite Bio announced the departure of CFO Alethia Young, who will step down to pursue other opportunities. She will remain with the company until June 30, 2023, to ensure a smooth transition.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 11:03 am

THC

Tenet Healthcare Corporation (NYSE:THC) has appointed Sun Park as Executive Vice President & Chief Financial Officer, effective January 1, 2024. Sun Park will succeed the retiring Dan Cancelmi and report to CEO Saum Sutaria.

Portfolio Pulse from Charles Gross

June 23, 2023 | 10:50 am

ICPT

Intercept Pharmaceuticals plans to discontinue all NASH-related investments and reduce its workforce by one third. The company will prioritize R&D investment on a fixed-dose combination of OCA and Bezafibrate, aiming for profitability in 2024.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 10:39 am

SBUX

Starbucks workers at over 150 stores are planning to strike over the company's decision to remove Pride decorations. The Starbucks Union claims this decision goes against the company's commitment to inclusivity.

Portfolio Pulse from Charles Gross

June 23, 2023 | 10:08 am

F

Ford Motor Co (NYSE:F) is reportedly planning a new round of layoffs for its U.S. workforce, including salaried workers from gas-engine, electric vehicle, and software divisions. The company reported a net loss of $2 billion for the full-year 2022 but expects full-year adjusted EBIT of $9 billion to $11 billion and adjusted free cash flow of around $6 billion for 2023.

Portfolio Pulse from Anan Ashraf

June 23, 2023 | 6:14 am

OUST

Ouster announces a series of cost-cutting measures, including job cuts, to improve its financial position.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 9:25 pm

F

Ford is preparing a new round of layoffs for its U.S. salaried workers, with the layoffs expected to occur in the coming weeks, according to the Wall Street Journal.

Portfolio Pulse from Charles Gross

June 22, 2023 | 9:18 pm

RGCO

RGC Resources Inc's VP, CFO, and Treasurer, Jason Field, has voluntarily resigned, effective August 4, 2023. The company has initiated a search process for a new CFO and Treasurer.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 9:14 pm

CGC

Canopy Growth Corp's cost reduction initiatives in FY2023 are on track to reduce the company's headcount by over 1,200 positions, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 9:06 pm