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Corporate Responsibility

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TSLA

Elon Musk, CEO of Tesla, Inc. (TSLA), responded sarcastically to BCG's ranking of Tesla as the second-most innovative company of 2023, behind Apple, Inc. (AAPL). Musk highlighted Tesla's high rank despite not using BCG's services, implying a potential conflict of interest for other companies on the list that do. Tesla enthusiasts criticized BCG's rankings, citing Tesla's innovations and contrasting them with Apple's less significant updates. Other tech giants like Amazon (AMZN), Alphabet (GOOGL/GOOG), and Microsoft (MSFT) were in the top five, while SpaceX and Nvidia (NVDA) were outside the top 10.

Portfolio Pulse from Shanthi Rexaline

December 27, 2023 | 6:38 am

JKS

JinkoSolar Holding has surpassed most brands by being granted 330 TOPCon patents, establishing itself as a leader in N-type TOPCon technology. The company has been focusing on maintaining its technical leadership through its extensive intellectual property rights over a period of almost six years.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 6:22 am

TSLA

UBER

Uber Technologies Inc is partnering with Tesla Inc to launch a taxi service in Japan, leveraging Tesla's Model Y vehicles. This move follows Japan's policy change allowing ridesharing services and aims to address the shortage of taxi drivers. Uber plans to start with 30 Tesla vehicles and expand to 100 EVs by 2024. The service will cost about 20% more than local fares. Uber is investing $800 million to transition to EVs globally, with goals to be fully electric in the US and Canada by 2030, and worldwide by 2040. The company has also integrated London's black cabs into its platform and offered discounts to Uber drivers on Tesla cars.

Portfolio Pulse from Benzinga Neuro

December 27, 2023 | 4:27 am

AAPL

GOOG

GOOGL

Japan is drafting legislation to regulate Apple Inc. (AAPL) and Alphabet Inc. (GOOGL, GOOG) by targeting their app store monopolies. The law, expected to be submitted to parliament in 2024, will require tech giants to allow third-party app platforms and payment systems on their mobile operating systems. The Japan Fair Trade Commission will enforce fines for violations, potentially up to 6% of infringing revenue. This follows similar regulatory actions in the EU and the US, with Apple and Google adjusting their policies to comply with antitrust laws.

Portfolio Pulse from Benzinga Neuro

December 27, 2023 | 3:59 am

CVX

Chevron reported a mechanical issue at its El Segundo refinery, leading to intermittent use of a safety flare. The company is working to fix the problem promptly.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 10:53 pm

LASE

Laser Photonics Corp announced that CFO Jade Barnwell resigned on December 20, 2023. Kevin Ploche will take over as the Principal Financial and Accounting Officer until a new CFO is appointed, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 10:32 pm

AAPL

TGT

Former iPhone thief Aaron Johnson revealed methods for stealing iPhone passcodes to access financial accounts, leading to identity theft. Thieves target public spaces, watch users enter passcodes, and then steal the phones to change Apple ID and FaceID settings. They exploit the devices to make purchases, notably at Target (TGT), before wiping and selling them. Apple (AAPL) responded by introducing 'Stolen Device Protection' in iOS 17.3, requiring biometric verification to change Apple ID or disable Find My iPhone.

Portfolio Pulse from Erica Kollmann

December 26, 2023 | 10:26 pm

LTH

Life Time Group Holdings' CFO, Robert Houghton, will resign effective December 31, 2023, and will cease his service on January 5, 2024. Erik Weaver has been appointed as the Interim CFO effective January 1, 2024, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 9:29 pm

ACNT

Ascent Industries Co. (NASDAQ:ACNT) has completed the sale of Specialty Pipe & Tube for $55 million in cash. The deal closed on December 22, 2023. The proceeds will be used to reduce debt and for general corporate purposes. This strategic move simplifies Ascent's operations and allows the company to focus on its core competencies for future growth. The divestiture is seen as a value-creating outcome for shareholders, as it provides capital for growth and reduces debt.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 9:07 pm

AAMC

Altisource Asset Management Corp (AAMC) announced the appointment of William C. Erbey as the new CEO and Chairman of the Board, effective December 21, 2023, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 9:06 pm