Streetbeat News

Corporate Responsibility

MCOM

NIU

SPY

VLCN

NYC Mayor Adams has announced a 'Charge Safe, Ride Safe' plan, which includes a pilot program for delivery workers to safely charge lithium-ion batteries in public spaces and outside of residences. This initiative aims to support the safe use of e-bikes and prevent deadly accidents related to battery charging.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 3:45 pm

MMSI

Merit Medical Systems Inc (NASDAQ:MMSI) stock dropped 9.5% after announcing a plan to offer $550 million in Convertible Senior Notes due 2029. The notes will be senior unsecured obligations, convertible into cash, stock, or a combination. The interest rate will be set upon pricing. Proceeds will be used for corporate purposes, including potential acquisitions, though no specific acquisition plans are disclosed.

Portfolio Pulse from Henry Khederian

December 05, 2023 | 3:25 pm

AMZN

Amazon.com Inc (NASDAQ:AMZN) has partnered with Aerodyne, a Malaysia-based startup, to leverage Amazon Web Services (AWS) for Aerodyne's DRONOS software as a service (SaaS) platform. This collaboration targets the drone data services market, which is projected to reach $15 billion by 2030, growing at a 39% CAGR from 2023. Aerodyne, a leading drone solutions provider, operates in various industries across 45 countries. Amazon's move aligns with its strategy of integrating robotics, including drone deliveries and warehouse automation, and now adds analytics in the drone sector to its portfolio.

Portfolio Pulse from Surbhi Jain

December 05, 2023 | 3:06 pm

INTR

Inter&Co, a financial services company, has surpassed 30 million clients, indicating significant growth and progress towards its five-year business plan. This milestone suggests a strong market presence and potential for future expansion.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 3:05 pm

VZ

Verizon has expanded its partnership with TechSTL to promote digital equity in St. Louis. The collaboration includes the Verizon Forward Community Enhancement Award, with a $100,000 award for the TechLAUNCH program aimed at advancing technology skills and opportunities in the region.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 3:02 pm

UBER

Uber (NYSE:UBER) has been confirmed to join the S&P 500 on December 18, 2023. The company, which IPO'd at $42/share, faced challenges but became profitable in Q2 2023 after job cuts, increased delivery business profitability, and cost structure improvements. The inclusion in the S&P 500 is seen as a positive development, but the stock remains risky due to ongoing legal battles over driver classification and the lack of dividend payments. Investors are advised to consider these risks and the possibility of a dip post-induction.

Portfolio Pulse from Thrash Capital

December 05, 2023 | 2:49 pm

CVS

MS

PBJ

On CNBC's 'Halftime Report Final Trades,' experts shared their picks including U.S. 1 Year Treasury Bill, CVS Health Corporation, Morgan Stanley, and Invesco Food & Beverage ETF. CVS Health reported a 10.6% increase in Q3 sales, beating estimates, and is set for Investor Day on Dec. 5, 2023. Morgan Stanley appointed a new CEO effective Jan. 1. CVS Health, Morgan Stanley, and Invesco Food & Beverage ETF all saw positive price action on Monday.

Portfolio Pulse from Lisa Levin

December 05, 2023 | 2:25 pm

DLR

FTNT

Fortinet (NASDAQ:FTNT) has expanded its strategic partnership with Digital Realty (NYSE:DLR) to accelerate the expansion of Fortinet Universal SASE, which now exceeds 100 locations globally. The partnership leverages Digital Realty's PlatformDIGITAL® to secure hybrid IT workflows and enhance cloud-delivered security and connectivity. Fortinet is investing in its SASE business and scaling its cloud network through partnerships, including with Google Cloud and Digital Realty. The alliance integrates Fortinet Security Fabric into Digital Realty's infrastructure, offering greater protection and connectivity for enterprise customers' hybrid workforce.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 2:09 pm

CVS

During CVS's Investor Day, an executive mentioned that the implementation of a new pharmacy pricing model for commercial insurance in 2025 could lead to flat results in pharmacy and consumer wellness, as opposed to a 5% decline.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 2:09 pm

PG

Procter & Gamble has announced in an SEC 8K filing that it anticipates incurring additional restructuring charges ranging from $1 billion to $1.5 billion after tax.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 2:06 pm