Streetbeat News

Corporate Responsibility

OGI

Organigram Holdings has appointed Greg Guyatt as the new Chief Financial Officer, with his tenure beginning on January 8, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 11:01 am

VNET

VNET Group, Inc. hosted representatives from the US-China Green Energy Council at its Taicang data center campus, highlighting its renewable energy infrastructure development. This event emphasizes VNET's commitment to sustainable energy practices within China's data center industry.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 10:14 am

DOGE-USD

ETH-USD

MATIC-USD

Polygon Labs has ceased development on Polygon Edge, the open-source tool used for Dogechain development, shifting focus to Polygon CDK, a new blockchain framework utilizing zero-knowledge cryptography. This move may impact Dogechain's operations and future, as it relied on Polygon Edge, but many projects are expected to transition to the new Polygon CDK.

Portfolio Pulse from Mehab Qureshi

December 18, 2023 | 9:12 am

LOGI

MSFT

Logitech's AI-powered tabletop camera, Logitech Sight, has been certified by Microsoft Teams and Zoom Rooms. It is the first intelligent camera to be certified as a center-of-table camera for Microsoft Teams and the first Panoramic Camera certified for Zoom Rooms. This certification could enhance Logitech's reputation in video conferencing technology.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 8:04 am

EME

ENZ

HEI

JOB

QIPT

HEICO Corporation is expected to report earnings of $0.68 per share on revenue of $898.25 million after market close. EMCOR Group announced executive changes with Mark A. Pompa and R. Kevin Matz stepping down by April 1, 2024, and Jason R. Nalbandian being named as new CFO. GEE Group is anticipated to report earnings of $0.02 per share on revenue of $40.36 million. Enzo Biochem reported a Q1 loss of $0.13 per share, improving from a loss of $0.22 per share year-over-year. Quipt Home Medical is set to announce Q4 financial results on December 18, 2023.

Portfolio Pulse from Avi Kapoor

December 18, 2023 | 7:46 am

IPHA

Innate Pharma has announced that CEO Mondher Mahjoubi will depart in January 2024 to join a large pharmaceutical company. Co-founder Hervé Brailly will serve as interim CEO, while Irina Staatz-Granzer will become Chairwoman of the Supervisory Board.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 7:10 am

MBGAF

TSLA

A Mercedes-Benz dealership in Texas distributed printed copies of a CNN article about a Tesla Autopilot recall to its customers. The recall, announced by the NHTSA, led to Tesla issuing a software update to address the issues. Mercedes-Benz's action highlights the competition with Tesla and its active pursuit of EV market share. Tesla's OTA update solution for the recall has been criticized by some as misleading. Despite this, Tesla remains a strong investment in the EV industry, according to Gary Black of Future Fund.

Portfolio Pulse from Benzinga Neuro

December 18, 2023 | 6:25 am

GOOG

GOOGL

Epic Games won an antitrust lawsuit against Alphabet Inc.'s Google, challenging the 30% commission fee on digital purchases in the Android app market. Despite the victory, Epic's CEO Tim Sweeney fears Google may continue imposing high fees, offering 'fake' competition solutions. Sweeney advocates for lower app store fees, citing lower operating costs seen at Epic's own store. The ruling is a significant antitrust decision against a tech giant since the 1990s.

Portfolio Pulse from Ananya Gairola

December 18, 2023 | 6:06 am

AMZN

Ivanka Trump praised Jeff Bezos' 'Day One' philosophy on X, drawing parallels with Alan Watts' teachings. Bezos discussed various topics on a podcast with Lex Fridman, including his leadership style, Amazon's journey, and his aerospace company Blue Origin. The podcast has over 1.5 million views on YouTube.

Portfolio Pulse from Ananya Gairola

December 18, 2023 | 1:56 am

BABA

Tang Xiao’ou, the billionaire founder of China's AI giant SenseTime, has passed away due to undisclosed health issues. SenseTime, known for its facial recognition technology, has faced accusations from US-based short-seller Grizzly Research of inflating revenue, which the company denied. Despite this, SenseTime's stock fell nearly 10%, with cumulative losses of over 40% this year and over 80% since its IPO. The company's future is uncertain, especially after Alibaba Group Holding Ltd (NYSE:BABA) exited SenseTime in July 2023.

Portfolio Pulse from Benzinga Neuro

December 18, 2023 | 1:40 am