Nasdaq seeks mandatory board diversity for listed companies
Foreign companies and smaller companies would have additional flexibility in satisfying this requirement with two female directors. “Corporate diversity, at all levels, opens up a clear path to innovation and growth," Nelson Griggs, president of the Nasdaq Stock Exchange, said in a prepared statement. Shareholders are increasingly pushing companies to improve their board diversity, both in public and in private. Instead, it required only that companies report each year on their boards’ racial and gender breakdowns. The Nasdaq's U.S. exchange is dominated by technology companies, but there are many financial, biotech and industrial companies as well.
Astronauts ring opening bell for Nasdaq from space station
CORRECTS TO NASDAQ, NOT NEW YORK STOCK EXCHANGE - In this image from video made available by NASA, astronaut Chris Cassidy, right, rings the opening bell of the Nasdaq Stock Exchange accompanied by fellow astronauts Robert L. Behnken, left, and Doug Hurley in the International Space Station on Tuesday, June 2, 2020. (NASA via AP)CAPE CANAVERAL, Fla. The astronauts launched into orbit by SpaceX joined in the ringing of the opening bell for the Nasdaq on Tuesday to mark a pivotal moment" for the space economy. NASA astronauts Doug Hurley and Bob Behnken took part in the ceremony from the International Space Station, three days after their launch by Elon Musks company. The two astronauts floated alongside space station commander Chris Cassidy as he rang a ships bell to open trading on the Nasdaq Stock Exchange. Their image, along with live-streamed pictures of other NASA staff, lit up the Nasdaq marquee in New York's Times Square.
Nasdaq CEO sees taking workers' temperatures as part of coronavirus plan to reopen their offices
Nasdaq CEO Adena Friedman told CNBC on Wednesday that taking employees' temperatures will probably be part of their coronavirus plan to return workers to company offices around the world. "We will likely ask them a series of questions, take their temperature and do other things to make sure we can manage our employees successfully," Friedman said on CNBC's "Squawk Box." Nasdaq has offices in 30 countries. Friedman's comments come as some states are getting ready to relax their coronavirus mitigation measures in hopes of reopening their economies. Many health experts and business leaders are warning that such moves may be premature in the absence of widespread testing.cnbc.com
IPO demand is strong for 2020, the heads of the NYSE and Nasdaq say
2020 is going to be a strong year for initial public offerings, according to the presidents of the New York Stock Exchange and Nasdaq. Some highly anticipated technology companies in the IPO stages, such as Uber and Lyft, and pre-IPO stages, like WeWork, made headlines for their lack of profitability. The public markets spoke and Uber and Lyft ended the year as some of the most disappointing public offerings. Friedman said there is strong demand from both private equity held companies as well as technology companies. Biotechnology and financial technology companies also continue to be strong parts of the industry, Friedman added.cnbc.com
Trump's climate inaction has left companies stepping up to fill the gap, Nasdaq CEO says
President Donald Trump's lack of engagement on the issue of climate change has meant companies will need to step up their environmental efforts instead, according to the CEO of Nasdaq. Friedman said that Trump's inaction on climate was "not necessarily a good thing" and has left a "hole" that the corporate sector has found a way to fill in. She said she still thinks it would be better "if the whole ecosystem is engaged and aligned." The U.S. was widely panned by the international community when it decided to withdraw from the 2015 Paris Agreement, which aimed to reduce carbon emissions significantly, thereby decreasing the impacts of climate change. The architect of the agreement, Christiana Figueres, on Monday blasted Trump over the decision, asking: "How can he face himself?"cnbc.com