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Corporate Responsibility

OST

Ostin Technology Group Co., Ltd. (NASDAQ:OST) announced an upgrade to its Pintura photo sharing product, featuring hardware and software improvements. The upgraded Pintura will be lighter, have a new interactive whiteboard function, increased local storage capacity, cloud storage integration, WiFi connectivity, and a 2K high-resolution screen. It will be launched at CES 2024 and will be available for purchase through short-video platforms. The company emphasizes its commitment to innovation and user experience.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:35 pm

CUEN

Cuentas, Inc. CEO Arik Maimon released a shareholder letter detailing the company's progress in acquisitions, real estate, and construction technology. CUEN is pivoting to real estate, fintech, and cybersecurity markets, with an imminent acquisition of WHEN Group, a move into the $215 billion global security market. The acquisition is pending Nasdaq and shareholder approval. CUEN is also expanding in mobile telecommunications, expecting $4 million in annual revenue from an initial order of 5,000 SIM cards. The company introduced 'Cuentas 360' with advanced security features and announced a partnership for mobile gaming and tokenized rewards in its fintech app. In real estate, CUEN partnered with RENCO on the Lakewood Village project and holds a 63% equity stake in a Tampa property project. Sales have increased to $1 million, a 861% quarter-over-quarter increase, with a 200% growth in cash and accounts receivable. A shareholder meeting is scheduled for December 20, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:32 pm

CDTX

Cidara Therapeutics, Inc. (NASDAQ:CDTX) will present new preclinical data on its novel drug-Fc conjugate (DFC) immunotherapies at the ESMO Immuno-Oncology Congress. The presentations will cover a dual-acting CD73/PD-1 targeting DFC candidate and CBO421, a first-in-class CD73 targeting DFC. The event is scheduled for December 6-8, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:08 pm

MSFT

Microsoft President Brad Smith has dismissed the possibility of super-intelligent AI emerging in the near future. He emphasized that there is 'absolutely no chance' of such a development happening soon and highlighted the importance of focusing on safety now.

Portfolio Pulse from Charles Gross

November 30, 2023 | 1:06 pm

NGD

New Gold Inc. has announced the appointment of Keith Murphy as the new Executive Vice President and Chief Financial Officer, effective January 2, 2024. Murphy, who has over 15 years of experience in finance within the mining industry, will succeed Rob Chausse following his retirement at the end of 2023. Murphy has been with New Gold since 2013 and has played a significant role in financial reporting, taxation, and finance for the company.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:04 pm

META

SNAP

Tech executives from Meta Platforms Inc. (META), TikTok, Snap Inc. (SNAP), X (formerly Twitter), and Discord will testify at a U.S. Senate hearing on Jan. 31 regarding online child sexual exploitation. The Senate Judiciary Committee, led by Senators Dick Durbin and Lindsey Graham, will question the CEOs about their companies' failures to protect children on their platforms. This follows various incidents, including Instagram's content suggestions, a lawsuit against Meta, and Musk's X reinstating a user who shared exploitative content.

Portfolio Pulse from Ananya Gairola

November 30, 2023 | 12:56 pm

AMZN

GOOG

GOOGL

IBM

META

MSFT

Alphabet Inc.'s Google and Meta Platforms Inc. are the top companies for poaching talent from other tech giants, with 24.15% and 26.51% of their employees respectively coming from competitors. The survey analyzed LinkedIn profiles to determine employee movement within the tech industry. Google has poached the most employees in absolute numbers, with 38,316, primarily from Microsoft and Amazon. Other companies like Salesforce, Nvidia, Adobe, Netflix, and Tesla also hire from tech giants, but at lower rates. IBM hires the least from competitors, focusing on converting interns to full-time roles. Employees leaving Meta often exit the tech industry, possibly due to high pressure or better opportunities elsewhere.

Portfolio Pulse from Rounak Jain

November 30, 2023 | 12:46 pm

ASML

ASML Holding N.V. is preparing for a leadership transition with Christophe Fouquet set to become the next CEO in 2024, pending approval at the annual meeting on April 24, 2024. Current CEO Peter Wennink will retire on the same date. The news comes amidst concerns over ASML's equipment being used by SMIC to produce advanced processors for Huawei, raising questions about the effectiveness of U.S. export restrictions. ASML shares saw a slight decline of 0.83% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 30, 2023 | 12:41 pm

UAL

United Airlines CEO Scott Kirby is currently speaking on CNBC, potentially discussing company performance, future outlook, or industry trends.

Portfolio Pulse from Charles Gross

November 30, 2023 | 12:39 pm

FPI

Farmland Partners Inc. and Ducks Unlimited have completed a land conservation project in Virginia. The project likely enhances the environmental credentials of Farmland Partners, potentially attracting investors interested in sustainability and corporate responsibility.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 12:17 pm