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The Underlying Index first applies developed and emerging market-specific screens to the initial universe to screen out companies that fail to meet certain minimum environmental, social and governance (ESG) criteria. The Underlying Index also includes an exclusionary screen based on any continued and significant non-compliance with the principles within the United Nations Global Compact as well as the exclusion of companies engaged in certain businesses beyond minimum thresholds (e.g., companies that operate in countries with oppressive regimes, that operate in adult content, alcohol, armament, gambling, nuclear, and tobacco, or that utilize animal testing or genetic modification in research and development).

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Nike has been a partner of the NBA since 1992, a marketing partner of the WNBA since 1997, and a G League partner since 2017.

Nike, NBA Extend Apparel And Content Partnership For 12 More Years

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Nike, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) disclosed Monday a 12-year extension of its global partnership with the National Basketball Association (NBA) and the Women&#8217;s <a href="https://www.benzinga.com/pressreleases/24/10/b41439121/nike-inc-signs-historic-partnership-extension-with-nba-wnba-and-nba-g-league-through-2037" target="_blank" rel="noreferrer noopener">National Basketball Association (WNBA)</a>.



This agreement reinforces Nike&#8217;s position as the exclusive provider of on-court uniforms for the NBA, WNBA, and NBA G League.



The global extension includes new content initiatives and a joint membership program that offers fans exclusive products, content, and experiences.



The renewal builds on the eight-year global partnership established in 2015. It positioned Nike as the official on-court outfitter starting with the 2017-18 NBA season.



Nike has been a partner of the NBA since 1992, a marketing partner of the WNBA since its inception in 1997, and a partner of the NBA G League since the 2017-18 season.



WNBA Commissioner Cathy Engelbert praised Nike for being &#8220;committed to a shared vision for girls and women&#8217;s basketball.&#8221; 



&#8221;Our continued partnership is an opportunity to fortify avenues for development and enhance touchpoints across our dynamic fanbase while globally showcasing the WNBA,&#8221; Engelbert added.



This month, Nike reported first-quarter revenue of $11.59 billion, missing analyst estimates of $11.65 billion. EPS of 70 cents, <a href="https://www.benzinga.com/news/earnings/24/10/41129610/nike-q1-earnings-revenue-miss-eps-beat-teams-energized-amid-ceo-transition-a-comeback-at-this-scale">beating analyst estimates of 52 cents</a>.



Investors can gain exposure to the stock via VanEck ETF Trust VanEck Morningstar Wide Moat Value ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/MVAL#BATS">MVAL</a>) and NYLI Clean Oceans ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OCEN#NYSE">OCEN</a>).



Price Action: Nike shares are up 0.07% at $81.54 at the last check Tuesday.



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Latest NYLI Clean Oceans ETF News | ARCA:OCEN | Benzinga

Tuesday, October 22, 2024

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