Streetbeat News

Corporate Responsibility

RHHBY

Roche's navify digital solutions, including navify Tumor Board, navify POC Operations, and navify Lab Operations, have received excellent ratings from healthcare professionals according to KLAS Research. The solutions are praised for improving tumor board meetings, enhancing point-of-care device management, and automating lab processes, with 100% of professionals indicating they would repurchase.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 7:06 am

AAPL

A bipartisan group of US senators and representatives have requested the DOJ to investigate Apple Inc. (NASDAQ:AAPL) for potential antitrust violations in its dealings with messaging app Beeper Mini. Lawmakers, including Senators Amy Klobuchar and Mike Lee, as well as Representatives Jerry Nadler and Ken Buck, have expressed concerns over Apple's alleged anti-competitive behavior, particularly after the tech giant shut down Beeper Mini's 'iMessage for Android' app on December 9, leading to an outage. The app was later restored with some limitations. The DOJ investigation could have significant implications for Apple and the broader tech industry.

Portfolio Pulse from Rounak Jain

December 19, 2023 | 6:49 am

GORO

UBER

Uber Eats has partnered with Gogoro to launch a $30 million Green Delivery Program in Taiwan. The two-year initiative aims to double the percentage of EV deliveries from 20% to 40% by the end of 2025. Delivery partners will benefit from discounts on Gogoro Smartscooters and battery swapping programs, as well as incentives for using these EVs for deliveries.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 6:46 am

BTCUSD

MSTR

Michael Saylor, MicroStrategy's Executive Chairman, expressed confidence in Bitcoin's future, predicting its value could reach a million dollars if it doesn't go to zero. He cited global inflation as a key driver for BTC adoption and welcomed new FASB rules for cryptocurrency accounting. MicroStrategy, which began investing in Bitcoin in August 2020, holds 174,530 BTC with an average purchase price of $30,252 each. BTC's price has risen 56% since early October and was trading at $42,926 at the time of the article.

Portfolio Pulse from Mehab Qureshi

December 19, 2023 | 6:23 am

GIL

Anson Funds, significant shareholders of Gildan Activewear Inc. (NYSE:GIL), are calling for the immediate reinstatement of Glenn Chamandy as CEO. They express concern over the Board's poor handling of succession planning and a backroom deal made with an individual shareholder for board support. Anson Funds criticizes the Board for not engaging with other investors and for spreading false accusations about Chamandy, particularly regarding M&A. They argue that the current CEO, Vince Tyra, lacks the necessary skills for the company's growth.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 6:08 am

AMZN

TikTok is accused of favoring Amazon accounts by instructing employees not to flag issues with them, aiming to maintain a strong advertising relationship. Internal messages suggest TikTok staff were told to avoid actions that could harm over 60 Amazon-associated accounts. TikTok denies the bias as official policy, claiming the allegations are incorrect or misunderstood. The issue arises as TikTok intensifies its e-commerce efforts, challenging Amazon's dominance, and continues to face potential U.S. bans.

Portfolio Pulse from Ananya Gairola

December 19, 2023 | 4:43 am

META

Elon Musk responded to a Dogecoin designer's question about why Meta Platforms Inc. has not faced formal proceedings despite allegations of enabling child sexual abuse on Instagram and Facebook. The EU has launched an investigation into Musk's platform X for potential violations of the Digital Service Act. Musk has previously criticized Meta and its handling of content, and has had a tense relationship with EU Commissioner Thierry Breton, even considering removing X from Europe to avoid regulations.

Portfolio Pulse from Ananya Gairola

December 19, 2023 | 3:23 am

TSLA

Tesla Inc (NASDAQ:TSLA) has announced a compensation plan for German buyers of new Model 3/Y vehicles to offset the loss of the country's EV subsidy, which was terminated due to a budget crisis. Tesla will cover the subsidy termination for vehicles ordered from Dec 18 and delivered by Dec 31, and maintain its share of 2250€. In the U.S., certain Tesla models remain eligible for a federal EV tax credit.

Portfolio Pulse from Anan Ashraf

December 19, 2023 | 3:08 am

TSLA

Tesla Inc. (NASDAQ:TSLA) is increasing hourly wages at its Nevada Gigafactory, with raises between $2 to $8.30 per hour. The adjustments, termed as 'cost of living adjustments,' will reflect a 10% or more increase for most hourly workers starting in early January. This move is perceived as a strategy to mitigate potential unionization efforts among Tesla employees, in the wake of labor unrest and strikes affecting the auto industry, including actions by the United Auto Workers (UAW) union against major automakers.

Portfolio Pulse from Benzinga Neuro

December 19, 2023 | 12:36 am

DIS

TSLA

The rivalry between Tesla Inc's CEO Elon Musk and Walt Disney Co's CEO Bob Iger has escalated, with Tesla owners reporting the Disney+ app icon missing from the in-car entertainment platform. This follows Disney pulling ads from a social media platform owned by Musk after he interacted with an antisemitic post. Musk has publicly criticized Iger and Disney's advertising decisions. The absence of the Disney+ icon, which can still be accessed via URL, may be seen as retaliation by Tesla. The feud could impact subscriber counts for Disney streaming services and advertising revenue for Musk's social media platform.

Portfolio Pulse from Chris Katje

December 19, 2023 | 12:10 am