Streetbeat News

Corporate Responsibility

IHF

Mark Cuban's Cost Plus Drugs now offers Ivermectin, a medication Elon Musk inquired about 6 months ago. Cuban responded to Musk's earlier question on Twitter, highlighting the potential savings for Musk's companies Tesla, SpaceX, and X. Cuban's company aims to reduce drug prices by cutting out middlemen. The price of Ivermectin on Cost Plus Drugs is significantly lower than the average cost listed on WebMDRx. The iShares U.S. Healthcare Providers ETF (IHF) closed up 1.32% recently.

Portfolio Pulse from Shanthi Rexaline

December 14, 2023 | 8:26 am

GOOG

GOOGL

Google Maps, a service by Alphabet Inc. (GOOG, GOOGL), is enhancing user data privacy with updates to its Location History and new control features. The updates include saving data on users' devices, setting auto-delete for data older than three months, and allowing users to delete activity related to a specific place. These changes, rolling out on Android and iOS, underscore Google's commitment to user privacy without selling data to advertisers.

Portfolio Pulse from Benzinga Neuro

December 14, 2023 | 8:23 am

VLVLY

Volvo Cars (OTC:VLVLY) has announced the end of diesel car production by early 2024, shifting focus to electric vehicles (EVs). This decision follows a significant drop in share value after a large share sale by parent company Zhejiang Geely Holding Group. The company has stopped investing in new internal combustion engine development, reflecting a major strategic pivot towards electrification.

Portfolio Pulse from Benzinga Neuro

December 14, 2023 | 7:58 am

HYMTF

Hyundai has inaugurated the IONIQ Lab in Bangkok, positioning itself as a leader in electric vehicle (EV) innovation in Thailand. The lab is expected to serve as a hub for EV research and development, fostering advancements in the sector and potentially influencing Hyundai's market presence in the region.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 7:39 am

AAPL

F

GM

GOOG

Ford CEO Jim Farley has confirmed Ford's commitment to including Apple CarPlay and Android Auto in its vehicles, contrasting General Motors' decision to use its own Ultifi infotainment software. Farley highlighted customer preference for these features and Ford's collaboration with Apple and Google to ensure a high-quality experience. GM cited safety concerns for discontinuing phone-mirroring features, a claim not yet proven.

Portfolio Pulse from Anan Ashraf

December 14, 2023 | 7:18 am

AA

Alcoa Corporation (NYSE:AA) has received approval from the Western Australian Government to continue bauxite mining and alumina refining. The approval includes Alcoa's 2023-2027 Mining and Management Program for the Huntly and Willowdale mines. Additionally, the government granted an exemption for Alcoa to continue operations during any separate environmental impact assessments by the WA Environmental Protection Authority, expected by year end.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 7:16 am

WLDN

Willdan Group, Inc. has been chosen by a national health care provider to assist in implementing strategies to achieve decarbonization goals by 2050 for over 1,000 buildings.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 7:10 am

TSLA

UBER

Tesla Inc. (TSLA) has partnered with Uber Technologies Inc. (UBER) to offer Uber drivers discounts of up to $3,000 on Tesla electric vehicles. This deal is part of Uber's commitment to vehicle electrification and Tesla's goal to deliver a record number of vehicles by the end of 2023. The discounts are funded by both companies for vehicles delivered by December 2023, and Uber drivers must complete 100 trips by February to qualify. The partnership aligns with both companies' strategies to promote electric vehicles and sustainable transportation.

Portfolio Pulse from Benzinga Neuro

December 14, 2023 | 6:43 am

GOOG

GOOGL

Google CEO Sundar Pichai acknowledged the negative impact of last year's layoffs on employee morale and admitted that the process was not handled optimally. The layoffs were part of a broader trend in the tech sector, with Alphabet Inc. announcing 12,000 job cuts in early 2023. Pichai emphasized that inaction would have led to worse outcomes, allowing Google to invest in new areas despite the criticism.

Portfolio Pulse from Benzinga Neuro

December 14, 2023 | 6:32 am

AAPL

GOOG

GOOGL

Apple Inc. (AAPL) has updated its policy to require a court order before disclosing customer push notification details to law enforcement, a move aimed at enhancing user data privacy. This change follows reports that Apple and Alphabet Inc. (GOOG, GOOGL) had previously complied with government requests for such data without court orders. Senator Ron Wyden has raised concerns about foreign governments accessing personal data, prompting Apple to improve its transparency reporting. Google already has a similar policy in place.

Portfolio Pulse from Benzinga Neuro

December 14, 2023 | 6:17 am