Streetbeat News

Corporate Responsibility

META

Meta Platforms Inc. CEO Mark Zuckerberg underwent surgery to repair a torn knee ligament sustained during a mixed martial arts session. Zuckerberg is on the road to recovery after sustaining a knee injury while training for a competitive MMA fight. The company disclosed plans to increase its pre-tax spending on Zuckerberg’s security to $14 million this year, a noticeable uptick from the previous annual budget of $10 million.

Portfolio Pulse from Ananya Gairola

November 04, 2023 | 2:14 am

SGAMY

SEGA executive Osamu Ohasi has expressed his ambition for Sonic the Hedgehog to surpass Mario in terms of popularity. Ohasi, who manages SEGA's 2nd Business Department responsible for the Sonic franchise, wants Sonic to be played globally and the Sonic movie to be a bigger hit than Mario. However, achieving these objectives will be challenging as the recent Super Mario Bros. movie grossed $1.36 billion at the box office, while the two Sonic movies combined generated a total of $725 million. In terms of video game sales, Mario is the best-selling video game franchise of all time, with over 830 million copies sold globally.

Portfolio Pulse from Franca Quarneti

November 03, 2023 | 8:53 pm

CDXS

Codexis Inc has recorded $3.1M in connection with the payment of post-employment benefits to employees impacted by workforce reduction, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 8:34 pm

AMZN

GOOG

META

MSFT

TSLA

President Joe Biden has announced a new executive order targeting the artificial intelligence (AI) sector, with safety as a top priority. Companies including Microsoft, Meta Platforms, Alphabet, Amazon, OpenAI, and Anthropic have made voluntary commitments to AI safety. Former President Barack Obama has reportedly been instrumental in crafting the AI plan, working in an advisory role with the White House. The new executive order and AI plans have been met with mixed responses, with some questioning the government's control over how technology companies use AI.

Portfolio Pulse from Chris Katje

November 03, 2023 | 8:03 pm

AMZN

BRK-A

BTCUSD

Charlie Munger, vice chairman of Berkshire Hathaway, shared his views on various topics in an interview with The Wall Street Journal. He discussed the challenges of making substantial acquisitions due to competitive bidding in the venture capital sector, expressed skepticism about the necessity of stock pickers, and advocated for index funds. Munger also commented on the surge in Bitcoin's value, expressing his preference for strong, sovereign-issued currencies. He disagreed with the idea of breaking up major tech companies like Amazon, appreciating their contribution to capitalism. Berkshire Hathaway's upcoming Q3 earnings are expected to benefit from high interest rates.

Portfolio Pulse from Michael Cohen

November 03, 2023 | 7:27 pm

NTDOY

Nintendo ADR (OTC:NTDOY) has launched an initiative to place its Switch consoles in senior centers in Japan, offering a selection of games tailored to the preferences of the elderly. The company plans to expand this initiative to 200 senior centers, following positive feedback from initial smaller-scale events. Nintendo also confirmed plans to support the Switch with new games until at least March 2025 and is preparing to release a next-generation console in late 2024.

Portfolio Pulse from Franca Quarneti

November 03, 2023 | 6:34 pm

SBUX

Starbucks shares are trading higher following the announcement of a new strategic plan by the company.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:13 pm

SIEGY

Siemens AG (OTC:SIEGY) plans to invest over $500 million in the U.S. manufacturing sector, including a $150 million high-tech manufacturing plant in Dallas-Fort Worth, Texas, to support American data centers and critical infrastructure. The company also plans to invest in a new rail manufacturing facility in Lexington, North Carolina, and two electrical-products manufacturing plants in Texas and California. These investments are expected to create 1,700 jobs and are part of Siemens' €2 billion global investment strategy for 2023.

Portfolio Pulse from Shivani Kumaresan

November 03, 2023 | 5:42 pm

NEXI

Neximmune Inc's shares are trading lower after the company's Board of Directors approved a plan to dissolve the company, contingent upon stockholder approval. The company is also exploring options to maximize its business and asset value. A significant reduction in the company's workforce has been authorized, with the process expected to be mostly completed by November 2023.

Portfolio Pulse from Henry Khederian

November 03, 2023 | 1:56 pm

DLPN

Dolphin Entertainment's subsidiary, Special Projects, was commended for its work at Town & Country's 10th Annual Philanthropy Summit. The event, held at Hearst Tower in New York City, featured a roster of high-profile speakers discussing various issues including youth activism, mental health, and philanthropy. The summit coincides with the magazine's November 2023 Philanthropy Issue.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 1:16 pm