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Corporate Responsibility

AutoNation, Inc. (NYSE:AN) has rebranded RepairSmith by AutoNation to AutoNation Mobile Service following its acquisition earlier this year. The service offers on-site vehicle care by certified TechXperts, providing convenience and a range of benefits such as Upfront Service Pricing and a Repair Guarantee. It caters to individual customers, fleet operators, car rental agencies, and dealership partners, aiming to enhance its After-Sales business and customer service experience.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 9:29 pm

IOT

The City of New Orleans has chosen Samsara Inc.'s Connected Operations Cloud to improve operations across 41 departments. The City is investing $75M in its fleet, aiming to enhance safety, efficiency, and sustainability. Samsara's solutions will provide data insights to reduce costs, increase transparency, and support the transition to electric vehicles. The technology has already shown positive results in the New Orleans Emergency Medical Services (NOEMS) since 2021, leading to the city-wide deployment.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 9:27 pm

ULTA

Ulta Beauty has announced the promotion of Paula Oyibo to CFO, effective April 1, 2024, as the current CFO, Scott Settersten, is set to retire. This transition is part of the company's long-term succession planning.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 9:08 pm

SONY

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WMG

Sony Music, Universal Music Group, and Warner Music Group have formed the Music Industry Climate Collective (MICC) to address climate challenges in the music industry. The MICC will focus on developing guidance for measuring scope 3 greenhouse gas emissions and will collaborate with scientific experts to create sectoral guidance. The initiative will involve broader industry input and aims to reduce the music industry's carbon footprint. The American Association of Independent Music will advise on including smaller businesses.

Portfolio Pulse from Franca Quarneti

November 30, 2023 | 9:04 pm

MSFT

Tim Stuart, Xbox's CFO at Microsoft Corporation, is optimistic about AI's role in game development, citing its ability to streamline tasks like localization and testing. He suggests AI can democratize game development, allowing anyone to create games. However, there are concerns about AI replacing human jobs and generating content. Microsoft's recent partnership with Inworld AI indicates a move towards AI integration in gaming, despite potential negative impacts.

Portfolio Pulse from Franca Quarneti

November 30, 2023 | 8:26 pm

AMD

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MSFT

NVDA

TSM

Nvidia Corp (NVDA) stock is trading lower, alongside peers AMD and supplier TSM. Microsoft's Brad Smith downplayed the near-term development of AGI, while Nvidia's CEO Jensen Huang suggested U.S. chip supply chain independence could take up to two decades. Despite this, Nvidia remains committed to China and has strengthened its chip partnership with Amazon and engaged with Chinese experts for autonomous vehicle technology. Huang also believes AGI could be developed within five years. NVDA shares fell by 3.25%.

Portfolio Pulse from Anusuya Lahiri

November 30, 2023 | 6:17 pm

DIS

Nelson Peltz and Trian Fund Management are seeking to obtain more than two seats on Disney's board, hinting at a possible proxy fight. Disney is aiming for $7.5 billion in cost savings and views the move as potentially motivated by a personal vendetta from Ike Perlmutter, a former executive. Despite restructuring efforts and cost-saving targets, Disney declined Trian's offer for board inclusion. Disney's stock (DIS) saw a slight increase of 0.06% to $92.56.

Portfolio Pulse from Vandana Singh

November 30, 2023 | 5:25 pm

BKR

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CVX

USO

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The COP28 Climate Summit in Dubai has nations reaffirming commitments to reduce fossil fuel reliance, posing a potential challenge to oil companies. Despite this, oil stocks like Chevron, Exxon Mobil, and ConocoPhillips remained stable on the summit's opening day. Discussions on carbon capture and storage (CCS) are anticipated, with companies like California Resources Corp, Baker Hughes, and ExxonMobil positioned to benefit. ETFs tracking the carbon capture industry include KRBN, SMOG, and CRBN.

Portfolio Pulse from Neil Dennis

November 30, 2023 | 5:12 pm

AAPL

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DIS

IBM

MSFT

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Elon Musk's explicit response to advertisers boycotting Twitter could further alienate companies and impact the platform's financial stability. Companies like Disney, Warner Bros. Discovery, IBM, Apple, Amazon, Coca-Cola, and Microsoft have paused ads on Twitter. Twitter's ad revenue, which constitutes 90% of its income, has reportedly declined since Musk's acquisition. The platform also faces a high debt burden and reduced valuations, with Fidelity marking it down by 58%. Musk remains optimistic about Twitter's future valuation.

Portfolio Pulse from Chris Katje

November 30, 2023 | 5:11 pm

RWBYF

Red White & Bloom Brands Inc. (RWBYF), a Canadian MSO, reported increased Q3 2023 revenue of CA$20.1 million and a net loss decrease to CA$6.5 million. Adjusted EBITDA rose to CA$1.6 million. The company reduced expenses and expanded into Ohio, with a focus on high-margin products and the upcoming Aleafia acquisition. RWBYF's stock surged 70.25% to $0.0475 per share.

Portfolio Pulse from Patricio Liddle

November 30, 2023 | 4:43 pm