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Corporate Responsibility

General Motors Company (GM) and Komatsu are collaborating to develop a hydrogen fuel cell power module for Komatsu's 930E electric drive mining truck. The partnership aims to leverage hydrogen fuel cells for heavy-duty applications, offering a zero-emissions solution without compromising vehicle payload capacity. The first prototype is expected to be tested in the mid-2020s at Komatsu's Arizona Proving Grounds. GM's stock closed slightly lower on the day of the announcement.

Portfolio Pulse from Shivani Kumaresan

December 13, 2023 | 11:09 am

GLNCY

LZM

Lifezone Metals has started a joint venture with a Glencore subsidiary to recycle platinum, palladium, and rhodium from spent automotive catalytic converters in the US. The initial phase of confirmatory piloting work is underway in Perth, Australia, utilizing the Hydromet process for the recovery of PGMs.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 11:05 am

RIVN

TSLA

General Motors Co. (GM) has dropped Apple CarPlay and Android Auto from its vehicles, citing safety concerns. GM's Infotainment Product Head, Tim Babbitt, stated that the unpredictability of these systems could lead to driver distraction. GM plans to introduce its own 'Ultifi' infotainment software with integrated Google applications in the 2024 Chevy Blazer EV. Other EV makers like Tesla Inc (TSLA) and Rivian Automotive Inc (RIVN) also use proprietary in-house systems.

Portfolio Pulse from Anan Ashraf

December 13, 2023 | 9:01 am

AAPL

GOOG

GOOGL

In the Google-Epic Games trial, a juror found Epic Games CEO Tim Sweeney more credible than Google CEO Sundar Pichai. The juror's view was influenced by Google's intentional deletion of chats to suppress evidence, an action that reached the top levels of the company, including Pichai. This behavior was criticized by Federal judge James Donato, who promised to investigate further. Epic Games' antitrust lawsuit against Google could impact the Play Store's business model, especially with increasing global scrutiny on app store commissions.

Portfolio Pulse from Rounak Jain

December 13, 2023 | 8:53 am

ABM

ADBE

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RSLS

UGI

ABM Industries, Adobe, REV Group, ReShape Lifesciences, and UGI Corporation are stocks to watch with upcoming earnings reports and significant after-hours movements. ABM is expected to report earnings of $0.92 per share, ReShape received FDA approval for its Lap-Band 2.0 FLEX, REV Group is anticipated to earn $0.34 per share, UGI named Mario Longhi as interim CEO, and Adobe is expected to post earnings of $4.14 per share.

Portfolio Pulse from Avi Kapoor

December 13, 2023 | 8:34 am

VERX

Vertex (VERX) has proposed to acquire e-invoicing company Pagero for $555 million to enhance its global tax compliance leadership. The offer includes a significant premium over Pagero's recent share prices and is financed in part by a strategic investment from Silver Lake. The acquisition aims to create a comprehensive global platform for customers to improve efficiency and comply with new mandates. The offer period is set to start around December 15, 2023, and end on January 23, 2024, with settlement expected around February 1, 2024, subject to regulatory approvals and tender of over 90% of Pagero's shares.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 7:01 am

NXT

Nextracker (NASDAQ:NXT) has reached a significant milestone by surpassing 10 GW of smart solar trackers operational or under fulfilment in the Middle East, Africa, and India. This achievement coincides with the United Nations COP28 Climate Change conference in Dubai.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 6:55 am

AAPL

GOOG

GOOGL

Epic Games CEO Tim Sweeney compared the company's antitrust battles with Apple and Google, likening Apple to 'ice' for its internal containment of 'antitrust trickery' and Google to 'fire' for putting anti-competitive deals in writing. The difference highlighted was Apple's vertical monopoly and technical blocking versus Google's written agreements with developers and carriers to stifle competition. Epic Games' lawsuit against Google, which led to a favorable ruling for Epic, was based on allegations of Google's market dominance to enforce fees and anti-competitive practices.

Portfolio Pulse from Ananya Gairola

December 13, 2023 | 6:54 am

MGM

MGM Resorts International has collaborated with KultureCity to introduce sensory pods at T-Mobile Arena, enhancing inclusivity for individuals with autism. These pods offer a calm space equipped with various sensory-friendly features and were donated by the John C. Kish Foundation.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 6:46 am

TSLA

Tesla Inc (NASDAQ:TSLA) has received land-use permits for a new gigafactory in Nuevo Leon, Mexico. The state government announced the decision, with the plant covering 261 hectares. The project is estimated to cost over $5 billion, with the local government committing over $130 million to infrastructure support. The factory is expected to generate $15 billion over two years through Tesla and its suppliers. Tesla's expansion into Mexico is part of its global growth strategy and aligns with the nearshoring trend. Despite economic uncertainty, Tesla's market share remains strong, especially in China, where it saw a 4.8% year-over-year increase in new energy vehicle sales in November.

Portfolio Pulse from Benzinga Neuro

December 13, 2023 | 5:34 am