Streetbeat News

Labor Issues

NMTR

9 Meters Biopharma announces the resignation of John Temperato as President and CEO, with CFO Bethany Sensenig appointed as interim CEO. The company is considering an additional Phase 2 trial for vurolenatide in patients with short bowel syndrome, following feedback from the FDA and other stakeholders.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 1:29 pm

SPRC

SciSparc Ltd. (NASDAQ:SPRC) has appointed Yaki Baranes as its new Vice President of Strategy and Business Development as part of its restructuring plan to unlock value for shareholders. Baranes has 13 years of experience in business strategy and has worked with various industries, government entities, and start-ups.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 12:42 pm

RAIN

Rain Oncology announces a strategic update for its milademetan clinical programs, including suspending enrollment in the Phase 2 MANTRA-2 trial and terminating plans for the Phase 1/2 MANTRA-4 trial. The company will reduce its workforce by 65% and transition CMO responsibilities. Year-end 2023 cash guidance is $75-80 million, with a cash runway to year-end 2026.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 12:33 pm

GHSI

Guardion Health Sciences (GHSI) has announced the appointment of Jan Hall as its new President and Chief Executive Officer. Hall brings extensive experience in the healthcare industry and is expected to drive the company's growth.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 12:02 pm

BFI

BurgerFi has appointed Carl Bachmann as its new CEO, effective July 10th. Bachmann is a seasoned restaurant professional with experience in the burger and pizza industries, having held various leadership roles and contributed to brand growth and competitiveness.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 12:01 pm

UL

Unilever announced the retirement of CFO Graeme Pitkethly by May 2024 and is searching for his successor. Other leadership changes include the departure of CDCO Conny Braams in August 2023 and the appointment of Hein Schumacher as CEO effective July 1, 2023.

Portfolio Pulse from Lekha Gupta

May 30, 2023 | 11:51 am

CNI

CN (NYSE:CNI) announced that the Teamsters Canada Rail Conference (TCRC) has ratified its collective agreement with the Company, representing approximately 6,000 CN employees in Canada.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 7:46 pm

JPM

JPMorgan Chase has cut around 500 positions, primarily in technology and operations groups, across its main divisions. The bank is currently looking to fill about 13,000 open positions.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 6:17 pm

NFLX

Former President Barack Obama criticized streaming companies for focusing on their bottom line and shareholder pressure amid the ongoing writers' strike. Writers are demanding royalties from streaming deals and addressing the use of AI in scriptwriting. Obama's comments come as he promotes his limited series, 'Working: What We Do All Day,' on Netflix.

Portfolio Pulse from Chris Katje

May 26, 2023 | 4:00 pm

WBA

Walgreens Boots Alliance plans to cut 504 employees from its corporate workforce, accounting for 10% of the workforce, as it transforms into a consumer-centric healthcare company. The company has been adding primary-care centers and collaborating with health insurers, and acquired Summit Health-City MD in 2022 for $8.9 billion.

Portfolio Pulse from Anusuya Lahiri

May 26, 2023 | 2:16 pm