Streetbeat News

Corporate Responsibility

AUUD

Auddia Inc. has appointed John Mahoney as its new Chief Financial Officer. Mahoney brings extensive financial experience to the role, which could be beneficial for Auddia's strategic planning and financial operations.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 1:03 pm

CRLBF

TLLTF

VRNOF

The National Cannabis Roundtable released its inaugural CSR report, showcasing efforts by member companies in criminal justice reform, equity, workforce utilization, and health disparities. The report, titled 'Better Tomorrow Than Today', highlights initiatives like Capitol Hill symposiums, community support, and partnerships aimed at addressing challenges in the U.S. cannabis market. Companies like Cresco Labs, Fluence, Greenspoon Marder, iLava, Pura Vida Investments, TILT Holdings, and Verano have contributed through various programs supporting social justice, women leadership, legal aid, homelessness, and the establishment of tribally-owned dispensaries.

Portfolio Pulse from Nina Zdinjak

December 13, 2023 | 1:02 pm

LHX

L3Harris Technologies Inc (NYSE:LHX) has announced the cessation of its M&A activities to focus on strengthening its balance sheet and increasing shareholder returns. The company forecasts $23 billion in revenue through 2026, with 16% segment operating margins and $2.8 billion in free cash flow. Investments will be directed towards R&D and capital expenditures, while also reducing debt to achieve a leverage ratio of 3.0x. CEO Christopher E. Kubasik emphasized operational improvements for productivity and margin expansion.

Portfolio Pulse from Shivani Kumaresan

December 13, 2023 | 12:52 pm

META

Meta Platforms, Inc (NASDAQ:META) is launching a fact-checking feature on Threads to combat misinformation ahead of major elections in the U.S. and India. Instagram head Adam Mosseri announced that Threads will use fact-check ratings from Facebook and Instagram and plans to allow fact-checkers to rate misinformation directly on Threads. A new feature will let U.S. users adjust the visibility of fact-checked posts. Threads, which has historically not emphasized news content, will now engage more with news content by introducing tags and trending topics. Details about the fact-checking program are still pending. META shares are trading lower by 0.16% at $333.70 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

December 13, 2023 | 12:45 pm

AUVI

Applied UV, Inc. (AUVI) has announced a collaboration with Silver Cross Hospital to implement Far-UVC Puro Protect 222nm fixtures in the hospital's Sterile Processing Department. This move positions Silver Cross Hospital as a leader in using advanced technology for safety.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 12:20 pm

AAPL

Apple has expanded its Self Service Repair program to include the iPhone 15 line-up and Mac models with M2 chips, now available in 24 additional European countries. The company also introduced Apple Diagnostics for Self Service Repair in the US, a tool that allows users to test device functionality and performance, with plans to expand to Europe next year.

Portfolio Pulse from Charles Gross

December 13, 2023 | 12:05 pm

DNA

Ginkgo Bioworks has been awarded a grant to create a live cell platform for delivering antibody therapeutics aimed at treating HIV and malaria. This development could potentially lead to innovative treatments for these diseases.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 12:04 pm

XYL

Xylem is restructuring its business segments to create a new segment called Water Solutions and Services (WSS), effective January 1, 2024. WSS will combine Evoqua's Integrated Solutions and Services (ISS) with Xylem's dewatering and assessment services businesses to scale its global services offering.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 12:03 pm

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TSLA

BWH Hotels has partnered with Tesla (NASDAQ:TSLA) to install EV charging stations at select properties in North America starting in 2024. The initiative, part of BWH Hotels' Earth, People, and Community effort, aims to enhance guest experiences and promote sustainability. The collaboration will use Tesla’s Universal Wall Connectors, which are compatible with all North American vehicle models. This move aligns with the hospitality industry's shift towards accommodating the growing EV market, as seen with other companies like EG Group and Ford Motor Co (NYSE:F) expanding their EV charging infrastructure.

Portfolio Pulse from Benzinga Neuro

December 13, 2023 | 11:50 am

GM

General Motors Company (GM) and Komatsu are collaborating to develop a hydrogen fuel cell power module for Komatsu's 930E electric drive mining truck. The partnership aims to leverage hydrogen fuel cells for heavy-duty applications, offering a zero-emissions solution without compromising vehicle payload capacity. The first prototype is expected to be tested in the mid-2020s at Komatsu's Arizona Proving Grounds. GM's stock closed slightly lower on the day of the announcement.

Portfolio Pulse from Shivani Kumaresan

December 13, 2023 | 11:09 am