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Corporate Responsibility

BA

Boeing CEO appeared live on CNBC discussing measures with Transportation Secretary Buttigieg and the FAA Administrator to prevent future incidents.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:07 pm

BA

On CNBC, Boeing's CEO stated that a fuselage plug can never blow out from an airplane, addressing a potential safety concern.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:05 pm

SATS

EchoStar's subsidiary DISH Wireless has received a $50 million grant from the U.S. Department of Commerce's National Telecommunications and Information Administration, causing EchoStar shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 5:51 pm

DISH

SATS

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VZ

EchoStar Corp (SATS) completed strategic transactions post-merger with Dish Network, enhancing its business flexibility. The merger integrates Dish's satellite tech and 5G network with EchoStar's satellite communications. Despite Dish's debt and declining TV subscribers, the merger aims to shift focus to wireless services, competing with Verizon (VZ) and AT&T (T). EchoStar's subsidiary DISH Wireless received a $50M grant from NTIA for the ORCID project to test Open RAN network solutions. This news propelled SATS shares up by 36.40% to $17.27.

Portfolio Pulse from Anusuya Lahiri

January 10, 2024 | 5:43 pm

AMZN

SPY

Amazon.com, Inc (NASDAQ:AMZN) stock is up amid reports of significant layoffs at Prime Video and Amazon MGM Studios, affecting several hundred employees. The layoffs are part of a strategy to prioritize investments and focus on impactful content and product initiatives. Mike Hopkins, head of Amazon's entertainment division, reassured that Prime Video's commitment to quality content remains strong. Amazon's Twitch is also planning to lay off about 35% of its workforce, around 500 employees, due to financial challenges and operational costs. Amazon stock outperformed SPDR S&P 500 ETF (NYSE:SPY) last year with a 70% gain compared to SPY's 22%.

Portfolio Pulse from Anusuya Lahiri

January 10, 2024 | 5:38 pm

PLTR

Shares of Palantir Technologies Inc. (NYSE:PLTR) are rising after CEO Alex Karp reported increased demand for new tools from Israel amid the conflict with Hamas. Karp, in Tel Aviv for Palantir's first board meeting there, met with Israel's President and families of hostages. Despite internal resistance, Karp reaffirmed support for Israel. PLTR shares are up 3.63% to $16.99.

Portfolio Pulse from Nabaparna Bhattacharya

January 10, 2024 | 4:18 pm

BB

BlackBerry has introduced the QNX Everywhere initiative, aimed at providing easy access to QNX software for academia, advanced research organizations, and hobbyists. This initiative is designed to facilitate skills development in these groups.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 4:01 pm

PSHZF

Bill Ackman has raised objections to a Business Insider article accusing his wife, Neri Oxman, of academic plagiarism, prompting parent company Axel Springer to review the editorial process behind the article. This marks a departure from Axel Springer's typically hands-off approach to editorial control since acquiring Business Insider. The situation has caused tension within BI's newsroom and with its union, as Axel Springer is a German media group looking to expand in the U.S. Ackman suggested the article may be retaliatory for his criticism of Harvard University and questioned BI's motives, leading to Axel Springer's top executives' concern over the company's principles.

Portfolio Pulse from Vandana Singh

January 10, 2024 | 2:36 pm

SATS

DISH Wireless, a subsidiary of EchoStar Corporation, has been awarded a $50 million grant by the U.S. Department of Commerce. This grant is aimed at supporting the development and deployment of advanced wireless services, which could enhance DISH Wireless's capabilities and market position.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:11 pm

TYGO

Tigo Energy has been granted U.S. Patent No. 11,855,578, which focuses on increasing solar safety through automated shutdown, disconnect, and power reduction methods for solar modules. This patent underscores Tigo's dedication to innovation and the enhancement of solar performance and safety, particularly for firefighters and service personnel.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:11 pm