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Corporate Responsibility

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

IBM

IBM CEO Arvind Krishna addressed concerns over a leaked video that discussed executive bonuses tied to diversity hiring. He clarified that the bonuses are legal and a small part of overall compensation, emphasizing business performance as the primary driver. Krishna also highlighted IBM's history of inclusivity and advised employees not to engage with the controversy. IBM shares saw a slight increase in premarket trading.

Portfolio Pulse from Shanthi Rexaline

December 14, 2023 | 11:38 am

F

GM

HMC

STLA

GM CEO Mary Barra reaffirmed the company's commitment to transition to electric vehicle (EV) sales exclusively by 2035, despite facing production delays and the cancellation of a joint EV project with Honda. The company is navigating challenges such as aligning vehicle emissions regulations with customer preferences and infrastructure readiness. The American Automotive Policy Council, representing GM, Ford, and Stellantis, has requested more lenient fuel economy increases for trucks. Automakers are concerned about fuel economy fines and changes in EV fuel economy ratings calculation.

Portfolio Pulse from Shivani Kumaresan

December 14, 2023 | 11:35 am

TSLA

Ross Gerber, a Tesla investor, criticized the company for not making efforts to correct misleading media headlines due to the absence of a public relations department. On CNBC's 'Last Call,' Gerber highlighted Tesla's lack of response to media inquiries, particularly regarding reports of Tesla 'recalling' over 2 million vehicles. CNBC anchor Brian Sullivan noted that other companies like Ford or GM have PR teams that address misinformation, unlike Tesla. Tesla, which hasn't had a PR department since October 2020, relies on CEO Elon Musk and social media for communication. Musk has previously expressed his disdain for media queries, and Tesla's VP Rohan Patel has clarified that the term 'recall' is misused when referring to over-the-air software updates.

Portfolio Pulse from Anan Ashraf

December 14, 2023 | 10:49 am

AAPL

Beeper Mini, an app that facilitates iMessage functionality, has been experiencing issues since Apple Inc. blocked it on December 9. Some users reported missing iMessages or complete app failure. Beeper's developers acknowledged the problem and suggested that Apple is deliberately blocking iMessages for about 5% of Beeper Mini users. Two temporary fixes have been suggested: clearing the app's cache and data, or uninstalling and reinstalling the app. A long-term solution has not been found yet.

Portfolio Pulse from Rounak Jain

December 14, 2023 | 9:18 am

MKL

Markel Group Inc. has expanded its insurance operations by launching a Specialty practice within its International Wholesale division, led by Tom Hillier. The company also established a new International Casualty team and appointed Graeme Ivory as its Director. These moves demonstrate Markel's growth in the Wholesale business and its dedication to Specialty classes.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:02 am