Streetbeat News

Corporate Responsibility

SPY

U.S. Treasury Secretary Janet Yellen emphasized the importance of cooperation with China to tackle global challenges such as debt and climate change. Speaking at a WSJ event, Yellen mentioned ongoing conversations with Chinese counterparts to make progress in these areas.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 3:08 pm

GM

General Motors (GM) has announced a collaboration with Komatsu to develop a hydrogen fuel cell-powered mining truck. This partnership aims to integrate GM's advanced technology into Komatsu's vehicles, aligning with GM's vision of a zero-emissions future. The collaboration is expected to leverage GM's Hydrotec fuel cell technology to power Komatsu's mining trucks, which could lead to significant reductions in greenhouse gas emissions from mining operations.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 3:05 pm

ZS

Zscaler has expanded its portfolio with new AI-powered features in its Zscaler Risk360 and Zscaler Digital Experience Monitoring products. The enhancements include tools for managing SaaS utilization, visualizing office use, cybersecurity maturity assessments with generative AI, integration with third-party data like CrowdStrike, financial risk models with Monte Carlo simulations, and compliance features for SEC reporting. ZDX improvements offer AI-powered root cause analysis, self-service for end-users, proactive performance monitoring, and simplified collaboration between IT teams.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 3:01 pm

GOOGL

Google (NASDAQ:GOOGL) is developing a message editing feature for its messaging platform, as reported by The Spandroid. This feature, which includes an editing interface and edit history, was found in the Google Messages beta version. Although not yet operational, it signifies Google's commitment to enhancing user experience, following its achievement of one billion monthly active RCS users in December 2023. Google is also adding an emergency SOS feature to Android 14, similar to the one available on iPhones.

Portfolio Pulse from Benzinga Neuro

December 12, 2023 | 2:53 pm

PFE

Pfizer has received all necessary regulatory approvals to complete the acquisition of Seagen and expects to finalize the deal on December 14, 2023. Pfizer will reorganize its commercial structure to integrate Seagen and enhance its focus, speed, and execution. An analyst and investor call is scheduled for December 13, 2023, to discuss the acquisition, the new commercial organization, and to provide financial guidance for the full year of 2024.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:40 pm

WTW

Willis Towers Watson Public Limited (WTW) has announced the launch of CyProtect Bermuda, a new initiative in the cybersecurity space.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:31 pm

NEON

Neonode Inc. (NASDAQ:NEON) is shifting its business strategy to focus entirely on its licensing business, phasing out its Touch Sensor Module (TSM) product business. The company plans to license the TSM technology to strategic partners or outsource it. This decision follows the success in licensing technology, particularly the MultiSensing platform and zForce optical sensing technology. A recent deal with a leading commercial vehicle manufacturer has further validated the company's competitive edge and catalyzed this strategic pivot. Neonode will reallocate resources from the product team to the licensing team and reduce its workforce, mainly affecting consultants and personnel in Sweden.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:24 pm

LLAP

A group of investors in Terran Orbital Corp. (NYSE:LLAP), including Sophis Investments LLC, Roark's Drift LLC, and Tyvak Nano-Satellite Systems' co-founders, are calling for the immediate replacement of Chairman and CEO Marc Bell. They cite a series of misguided statements by Bell, conflicting reports about the company's sale, and a significant stock price drop of nearly 30% in one day. The group, owning about 8.4% of Terran's shares, urges the board to form a new committee of independent directors to oversee a strategic review and meet with them. They propose a new CEO candidate, not a former employee, to address operational and cultural issues and restore market credibility.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:22 pm

CNC

During a conference call, a Centene executive expressed confidence in the company's ability to achieve 12% to 15% adjusted EPS growth over the long term.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:13 pm

JKHY

TWLO

Twilio Inc. (TWLO) and Jack Henry (JKHY) have announced a collaboration where Jack Henry is using Twilio's suite of products to enhance communication and engagement with customers for banks and credit unions. Twilio's products, including SMS Programmable Messaging API and Authy for 2FA, are being used to send millions of messages monthly and improve the financial services experience. Jack Henry's platform has nearly 10 million users, a threefold increase in three years. Twilio's CPaaS offering was recently recognized as a leader in Gartner's 2023 Magic Quadrant for CPaaS.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:07 pm