Streetbeat News

Corporate Responsibility

FSR

Fisker shares have seen an increase following a business update for December 2023. The update likely contained positive news about the company's performance or future prospects, which has been well received by investors.

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 1:52 pm

CC

CTVA

DD

MMM

In 2023, lawsuits over PFAS contamination in U.S. drinking water led to over $11 billion in settlements involving 3M Co (MMM), The Chemours Co (CC), Corteva Inc (CTVA), and DuPont de Nemours Inc (DD). The litigation, which is expected to increase due to upcoming federal regulations and heightened awareness, poses a significant threat to these companies, with potential for more lawsuits in 2024 and existential risks including bankruptcy.

Portfolio Pulse from Vandana Singh

December 29, 2023 | 1:43 pm

NOAH

Noah Holdings Limited (NYSE:NOAH) has announced the separation of the roles of CEO and Chairperson for improved corporate governance. Zhe Yin, co-founder and director, has been appointed as CEO effective December 29, 2023, succeeding Jingbo Wang, who remains as Chairwoman of the Board. The company's shares closed higher by 1.44% at $13.37 on Thursday.

Portfolio Pulse from Shivani Kumaresan

December 29, 2023 | 1:27 pm

ELBM

Electra has appointed David Allen as its new Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 1:15 pm

AIM

AIM ImmunoTech announced that the Delaware Court has ruled in favor of the company, upholding the board's decision that the nominations made by an activist group are invalid. This legal victory supports the current board's authority and may impact the company's governance and future direction.

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 1:07 pm

BFRG

Bullfrog AI Holdings' CEO released a letter to shareholders discussing the progress of their drug candidate, BF-114, for liver disease and obesity. The CEO highlighted a pre-clinical animal study and pointed out the potential of the obesity drug market, which is projected to surpass $77 billion by 2030.

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 1:05 pm

TSLA

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and a Tesla investor, expressed concerns about the potential negative impact of Elon Musk's 'extreme' behavior on Tesla's sales. Gerber believes that while some consumers will continue to buy Tesla for its value, others may be deterred by Musk's actions and opt for other EV brands. Despite this, Gerber remains bullish on Tesla in the long term. A recent study suggests that Musk's behavior has little to no impact on many consumers' decisions to buy Tesla vehicles, with some even more inclined to purchase due to Musk.

Portfolio Pulse from Anan Ashraf

December 29, 2023 | 1:01 pm

NOAH

Noah Holdings has appointed Zhe Yin as its new CEO, effective immediately. Jingbo Wang will continue to serve as the Chairwoman. The company has separated the roles of CEO and Chairperson to enhance corporate governance.

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 11:04 am

TSLA

Elon Musk, CEO of Tesla Inc, has reiterated his vision for artificial general intelligence (AGI) in vehicles, stating that Tesla is developing an 'extremely compute-efficient mini AGI' for its Full Self-Driving (FSD) system. Musk has been vocal about achieving full autonomy since 2016 and remains optimistic despite the full autonomy promise not yet being realized. The current FSD software is still in beta and requires driver supervision, but version 12 is performing well in California tests.

Portfolio Pulse from Anan Ashraf

December 29, 2023 | 9:35 am

JKS

JinkoSolar has become the first photovoltaic (PV) company to have its net-zero targets approved by the Science Based Targets initiative (SBTi). This approval marks a significant industry milestone, positioning JinkoSolar as a leader in sustainability within the PV sector.

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 7:13 am