Streetbeat News

Labor Issues

BUD

Anheuser-Busch CEO Brendan Whitworth announced three important actions to move the business forward, including investing to protect the jobs of frontline employees.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 8:15 pm

GLPG

Galapagos has appointed Thad Huston as CFO and COO, effective July 1, 2023. Huston brings 30 years of experience in healthcare finance and operations, joining from Kite, a Gilead Company.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 8:03 pm

BTCUSD

COIN

ETHUSD

Binance U.S. affiliate is laying off around 50 employees following SEC charges against the company. This may impact the cryptocurrency market and related stocks.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 5:44 pm

AMZN

MSFT

TSLA

Former employees of Elon Musk, Jeff Bezos, and Bill Gates share their experiences working for the billionaires. Musk, CEO of Tesla, is known for his direct approach and focus on productivity. Bezos, founder of Amazon, values teamwork and collaboration. Gates, co-founder of Microsoft, is known for his decisiveness and ability to filter through data.

Portfolio Pulse from Adam Eckert

June 15, 2023 | 3:47 pm

AMZN

The International Brotherhood of Teamsters reported that Amazon delivery drivers and dispatchers went on strike on June 15.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 3:32 pm

MRUS

Merus N.V. (NASDAQ:MRUS) has appointed Greg Perry as its new Chief Financial Officer (CFO), succeeding Bill Lundberg. Perry has served on the Merus Board of Directors since May 2016 and has held various senior financial leadership roles in the biotech industry.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 12:05 pm

C

Citigroup CEO Mark Mason announced a $400 million expense spike in Q2 due to job cuts and reduced trading activity. The cuts affected investment banking and trading divisions, with severance costs for 1,600 employees. Trading revenue declined by 20% and investment banking revenue dropped by 25% due to concerns over the debt ceiling.

Portfolio Pulse from Vandana Singh

June 15, 2023 | 11:20 am

TC

TuanChe has announced the appointment of Simon Li as its new CFO, effective from June 15, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 11:20 am

AVAH

Aveanna Healthcare (AVAH) announced the resignation of CFO David Afshar, with Matt Buckhalter named as Interim CFO and Principal Financial Officer, effective July 7, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 11:09 am

ONCS

Oncosec Medical announced that Robert Arch has resigned as the company's President and CEO, effective June 14. Following his departure, the company will have no remaining executive officers.

Portfolio Pulse from Charles Gross

June 14, 2023 | 9:24 pm