Streetbeat News

Corporate Responsibility

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

GOOG

GOOGL

Alphabet Inc's Google (GOOG, GOOGL) has reached a preliminary settlement in a privacy lawsuit, halting the trial set for February 5. The lawsuit accused Google of tracking users' online activities even in 'Incognito' mode, seeking $5 billion in damages. Details of the settlement are undisclosed, but a formal settlement is expected by February 24, 2024.

Portfolio Pulse from Benzinga Neuro

December 29, 2023 | 6:39 am

ODV

Osisko Development's COO, Luc Lessard, is set to retire at the end of 2023. The company has appointed Éric Tremblay as the Interim COO and is currently searching for a permanent replacement, with an update to be provided in due course.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 10:17 pm

TCRT

Alaunos Therapeutics has entered into a separation and release agreement with CEO Kevin Boyle regarding his termination, according to a filing. Additionally, Boyle will enter into a consulting agreement with the company starting January 1, 2024, for a period of six months, to provide strategic and advisory services.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 9:39 pm

TUSDUSD

TrueUSD (TUSD) has announced a partnership with accounting firm Moore Hong Kong (MooreHK) to provide daily attestation services for its stablecoin operations. The collaboration, starting in late January 2024, aims to increase transparency and trust by leveraging MooreHK's audit and advisory expertise. Additionally, TUSD is working with The Network Firm to enhance technical support and innovative solutions for blockchain industry transparency. This move is part of TUSD's ongoing commitment to maintaining a transparent and robust reserve system for its stablecoin.

Portfolio Pulse from Murtuza Merchant

December 28, 2023 | 9:29 pm

HAIA

Healthcare AI Acquisition Corp. (HAIA) has announced significant leadership changes. Xiaocheng Peng is set to become the permanent CFO, while Jiande Chen will take over as CEO and Chairman of the Board, replacing Zikang Wu.

Portfolio Pulse from Charles Gross

December 28, 2023 | 9:28 pm

AAPL

MASI

The U.S. International Trade Commission (ITC) banned certain Apple Watch models due to patent infringement on Masimo Corporation's blood oxygen-reading technology. The White House, with the power to reverse the ban, did not intervene, but a federal appeals court suspended the ban. Masimo CEO Joe Kiani, a Biden supporter and donor, is connected to President Biden, raising conflict of interest concerns. The case could force Apple to license the technology or find alternatives. The ban's suspension allows Apple to continue sales, which are significant for its revenue.

Portfolio Pulse from Chris Katje

December 28, 2023 | 8:30 pm

DISH

SATS

DISH Network Corporation (NASDAQ:DISH) shares are experiencing an uptrend following a post-earnings drop in early November. The recovery is attributed to Hamid Akhavan, CEO and president of EchoStar Corp (NASDAQ:SATS), joining DISH as president and CEO, and the FCC's approval for the transfer of control of DISH and its subsidiaries to EchoStar. The merger will recombine the two entities. EchoStar is set to replace DISH in the S&P SmallCap 600 before trading opens on January 2, coinciding with the expected completion of the acquisition. DISH shares were up 7.64% at $5.70, and SATS shares were up 7.29% at $16.18 at the time of publication.

Portfolio Pulse from Ryan Gustafson

December 28, 2023 | 8:14 pm

NEO

NTRA

NVTA

NeoGenomics Inc (NEO) received a preliminary injunction from a North Carolina district court, prohibiting the sale of its RaDaR technology, following a lawsuit by Natera Inc (NTRA) alleging patent infringement. NeoGenomics plans to appeal the ruling. The injunction allows NeoGenomics to continue offering RaDaR for existing patients and certain projects. Earlier, Invitae Corporation (NVTA) faced a similar permanent injunction. Analysts from Needham and William Blair expressed concerns over the impact on NEO's growth narrative and stock sentiment. NEO's stock fell 18.60%, while NTRA's rose 2.58%.

Portfolio Pulse from Vandana Singh

December 28, 2023 | 5:57 pm

AAPL

HNHPF

Luxshare Precision Industry Co is acquiring a 62.5% stake in Pegatron Corp's Kunshan unit for about 2.1 billion yuan ($300 million), which may enhance Apple Inc's relationship with China-based suppliers and Beijing. This move could make Luxshare a stronger competitor against Foxconn, which currently assembles 70% of iPhones. Apple, with 20% of its sales from Greater China, is also diversifying production, expanding in India with Foxconn and Pegatron's help. AAPL shares were up 0.44% at $194.01 recently.

Portfolio Pulse from Anusuya Lahiri

December 28, 2023 | 5:53 pm