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Corporate Responsibility

AAPL

Apple Inc. announced the retirement of board members Al Gore and James Bell, with Wanda Austin proposed as a new nominee. Gore and Bell, both 75, are stepping down in line with Apple's age policy for board members. Despite calls for their removal by the NLPC over underperformance issues, CEO Tim Cook praised Gore's contributions. Apple has recently lost its status as the most valuable public company to Microsoft.

Portfolio Pulse from Benzinga Neuro

January 12, 2024 | 3:57 am

AAPL

META

Russia's internet restrictions, including limiting access to Western social media platforms after the Ukraine invasion, have resulted in a $4.02 billion economic loss in 2023. The country experienced 1,353 hours of internet shutdown, affecting 113 million users. Apple Inc. removed VKontakte from its App Store in 2022, and Meta Platforms Inc was declared a 'terrorist and extremist' entity by Moscow, with WhatsApp facing fines for not deleting banned content.

Portfolio Pulse from Benzinga Neuro

January 12, 2024 | 3:46 am

META

Mark Zuckerberg, CEO of Meta Platforms Inc (NASDAQ:META), reportedly instigated changes in his PR team after his metaverse avatar was mocked for its low-quality design at Sheryl Sandberg's wedding. Despite the ridicule, Zuckerberg continues to emphasize the importance of the metaverse for Meta's future, calling it a 'very long-term bet'. The mockery of the avatar has been ongoing, with Elon Musk and others publicly criticizing Meta's investment in the metaverse.

Portfolio Pulse from Benzinga Neuro

January 12, 2024 | 3:01 am

GOOGL

MSFT

TSLA

Edward Snowden discussed the potential for AI to replace institutions at a time when public trust is diminishing. He predicts a revolutionary shift due to the capacity of algorithms to take over roles traditionally held by human judgment. This commentary aligns with the ongoing debate about AI's future, its risks, and rewards. Notable figures like Elon Musk and Eric Schmidt have warned about AI's existential risks, while Bill Gates supports continued AI development without pause.

Portfolio Pulse from Benzinga Neuro

January 12, 2024 | 1:21 am

AAPL

Wanda Austin is set to join Apple's board of directors while Al Gore and James Bell are retiring from their positions on the board. This change in board composition could bring fresh perspectives to Apple's strategic direction.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 9:31 pm

LMND

Lemonade, Inc. has extended its Customer Acquisition Cost (CAC) financing agreement with General Catalyst until December 2025. This extension allows Lemonade to continue its growth strategy with the support of General Catalyst, a significant investor in the company.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 9:30 pm

ALNT

Allient Inc. (formerly Allied Motion Technologies Inc.), under the ticker ALNT, has acquired SNC Manufacturing, a designer and manufacturer of electrical transformers. The acquisition expands Allient's capabilities in the power technology sector, particularly in defense, industrial automation, and renewable energy. Financial terms were not disclosed. SNC, with $40 million in trailing twelve-month revenue and 440 employees, will become a Technology Unit within Allient's Allied Power Technology Pillar. SNC's leadership, including President and COO Jim Koepke, will remain post-acquisition, reporting to Allient's Corporate VP Ashish Bendre.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 9:29 pm

IFF

IFF has appointed J. Erik Fyrwald as its new CEO and Board Director. This leadership change could signal a new strategic direction for the company and potentially impact its operations and market performance.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 9:15 pm

BTMD

Biote Corp. (NASDAQ:BTMD) has appointed Robert Peterson as its new Chief Financial Officer, effective January 8, 2024. Peterson, with 15 years of experience in the health and wellness industry, will take over from Samar Kamdar, who is leaving to pursue other opportunities but will remain as an advisor during the transition. Peterson's background includes roles at Virbac Corporation and Alcon Laboratories/Novartis Eye Care. CEO Terry Weber expressed confidence in Peterson's ability to drive financial and operational performance and thanked Kamdar for his contributions.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 9:12 pm

ICU

SeaStar Medical has appointed David A. Green as its new CFO, effective January 10, 2024. Caryl Baron, the Interim CFO since October 2022, will remain as Vice President of Finance.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 9:06 pm