Streetbeat News

Corporate Responsibility

EGOX

Next.e.GO Mobile has announced a cooperation with Cylib to develop sustainable recycling processes for lithium-ion batteries. This collaboration aims to enhance the sustainability and lifecycle of batteries used in electric vehicles, which is a growing concern as the market for EVs expands.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 12:39 pm

ISPR

Ispire Technology's subsidiary, Aspire North America, LLC, has entered into a five-year exclusive global manufacturing and distribution agreement with the lifestyle brand BrkFst. This strategic partnership is expected to enhance Ispire's market presence and could potentially impact its financial performance positively.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 12:28 pm

AAPL

GOOG

GOOGL

Apple Inc. has launched a new web-based diagnostic tool that allows customers to remotely check and repair their iPhones and MacBooks. The tool supports iPhone 12 and later, including the iPhone 15 series, as well as M2-powered MacBooks, Mac Mini, Mac Pro, and Mac Studio. This initiative follows Apple's support for the Right to Repair bill, enabling both customers and third-party service providers to access repair tools. Apple's self-service repair tools are now available in 33 countries and 35 products. Alphabet Inc.'s Google also supports the Right to Repair movement with seven years of software updates for its Pixel 8 series.

Portfolio Pulse from Rounak Jain

December 14, 2023 | 12:27 pm

SBUX

Starbucks Corporation (NASDAQ:SBUX) has been cleared of engaging in anti-union practices according to a report. The investigation, prompted by employee complaints to the NLRB, found no evidence of union obstruction. Starbucks was advised to improve its approach to unionization and update its Global Human Rights Statement. The company's shares are trading higher by 0.69% in premarket.

Portfolio Pulse from Nabaparna Bhattacharya

December 14, 2023 | 12:23 pm

BCYC

Bicycle Therapeutics has provided updates on its BT8009, BT7480, and BT5528 programs during its first R&D Day. The company shared progress and strategic overviews for these programs, which are likely to be critical in its pipeline development.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 12:11 pm

SDGR

Schrodinger hosted its first Therapeutics Pipeline Investor Event, where it disclosed progress on existing clinical programs and unveiled three new programs. The announcement is likely to generate investor interest in the company's expanding pipeline and its potential for future growth.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 12:07 pm

BE

SRE

Bloom Energy Corporation and Sempra's subsidiary SoCalGas have announced a collaboration to power the California Institute of Technology (Caltech) with an innovative campus hydrogen project. This project aims to provide a sustainable energy solution for the institution.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 12:00 pm

ADBE

Adobe Inc. (NASDAQ:ADBE) is under investigation by the FTC for potential violations of the Restore Online Shoppers' Confidence Act regarding its subscription cancellation policies. The inquiry, which began in June 2022, could lead to fines or penalties. Adobe is cooperating with the FTC and believes its practices are lawful. This scrutiny follows another regulatory challenge in the UK, where Adobe's proposed acquisition of Figma is being examined for antitrust concerns.

Portfolio Pulse from Benzinga Neuro

December 14, 2023 | 11:47 am

CMC

Commercial Metals Company (NYSE:CMC) has announced a new reporting structure effective from the first quarter of fiscal 2024. The structure includes three segments: North America Steel Group, Europe Steel Group, and Emerging Businesses Group. This change reflects the company's operational evolution, growing importance of non-steel solutions, and strategic decision-making processes. The realignment only affects reporting segments and does not alter CMC's consolidated results. Historical data under the new structure for fiscal years 2022 and 2023 is provided in the release.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 11:47 am

GIB

CGI has partnered with Google Cloud to launch the United Nations Industrial Development Organization (UNIDO) Sustainability Planet Platform. This initiative aims to support sustainable industrial development by leveraging advanced technologies from both CGI and Google Cloud.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 11:39 am