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STGW

Stagwell has announced the establishment of a global hub in London and the appointment of James Townsend as the inaugural CEO of the EMEA region. This strategic move aims to strengthen Stagwell's presence in Europe, the Middle East, and Africa, and to enhance its global reach.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 11:13 am

AAPL

FB

GOOG

Meta Platforms Inc. (NASDAQ:FB) has rolled out end-to-end encryption for Facebook and Messenger, with plans to extend it to Instagram. The encryption, based on the Signal and Labyrinth protocols, will take months to reach over a billion users. WhatsApp, also owned by Meta, already features end-to-end encryption. The move follows similar privacy measures by other tech giants, despite concerns over content scanning for illegal activities like child abuse.

Portfolio Pulse from Ananya Gairola

December 07, 2023 | 11:08 am

EWJ

Nikkei reported that a company referred to as 'X' is planning to establish an app development team in Japan, as stated by CEO Linda Yaccarino. The specifics of the company's plans, including the scale of investment or the strategic importance of this move, were not detailed in the provided information.

Portfolio Pulse from Charles Gross

December 07, 2023 | 10:01 am

AAPL

Apple Inc. has announced a collaboration with TDK Corporation for the production of lithium-ion battery cells in India, which will be used to power locally assembled iPhones. The production is expected to start within 12-18 months. TDK, after acquiring Amperex Technology Ltd, is setting up a facility in Haryana, India, which will create direct employment for 8,000-10,000 people and indirectly support over 25,000 jobs. This move is part of Apple's strategy to reduce reliance on China and increase the domestic value addition of iPhones assembled in India, which currently stands at 12-15%. TDK controls over 60% of the global Li-ion cell market, and this partnership is a significant step in diversifying Apple's supply chain.

Portfolio Pulse from Shomik Sen Bhattacharjee

December 07, 2023 | 9:59 am

AAPL

Steve Hotelling, a top-level executive at Apple Inc. (NASDAQ:AAPL), known for his work on touch-screen technology, health sensors, and Face ID, is rumored to be leaving the company. His departure is part of a larger executive reshuffling at Apple, which has seen about a dozen vice presidents leave in recent years. Hotelling's responsibilities will be taken over by Alan Gilchrist and Wei Chen, overseeing camera and depth sensor teams and display technologies, respectively. This comes as Apple is focusing on its mixed-reality headset Vision Pro and improving the iPhone purchasing experience in stores.

Portfolio Pulse from Ananya Gairola

December 07, 2023 | 7:38 am

BEEM

Beam Global has appointed Lisa Potok as its new Chief Financial Officer, succeeding Kathy McDermott who is stepping down to pursue other interests. McDermott has been the CFO since 2019 and will continue to support the company throughout 2023 and as an advisor thereafter to ensure a smooth transition.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 7:33 am

PFSI

PennyMac Financial Services has upsized its private offering to $750 million of 7.875% Senior Notes due 2029, an increase from the initially announced $650 million. The notes will pay semi-annual interest and are set to mature on December 15, 2029. The proceeds will be used to repay part of the company's secured term notes due in 2025 and for general corporate purposes. The offering is expected to close on December 11, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 7:06 am

MAR

Marriott International has reached a significant milestone with the opening of its 500th luxury hotel, The St. Regis Riyadh. Tina Edmundson, President of Luxury at Marriott, highlighted the company's commitment to providing exclusive destinations and exceptional guest experiences, setting the standard for future luxury travel.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 6:37 am

AAPL

First responders in Los Angeles County have praised Apple Inc.'s (NASDAQ:AAPL) iPhone Emergency SOS via satellite feature, calling it a 'complete game-changer' for emergency situations. The feature has been credited with improving emergency response times and saving lives by providing immediate notifications and precise location data to rescue teams. The feature, available in the iPhone 14 lineup, allows users to send SOS messages without cellular or WiFi coverage and has been instrumental in several rescues, including in remote Alaska and during Canadian wildfires.

Portfolio Pulse from Ananya Gairola

December 07, 2023 | 5:23 am

CME

CME Group has announced the extension of Chairman and CEO Terry Duffy's employment agreement through December 31, 2025. The Board, recognizing Duffy's leadership and expertise, believes his continued role is in the best interest of the company and its shareholders. Duffy, with over 40 years in the futures industry, has been in his current position since 2016 and has held various leadership roles within CME Group since 2002.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 11:07 pm