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Corporate Responsibility

IESC

IES (IESC) has announced the promotion of Matthew Simmes to the role of President and Chief Operating Officer. This executive change could signal a strategic shift or continuity in leadership, which may affect the company's operations and future direction.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:44 pm

GOOG

GOOGL

META

MSFT

Alphabet Inc.'s Google has announced Gemini, an AI model to compete with OpenAI's ChatGPT. Meanwhile, TikTok's parent company ByteDance is set to release a language model claimed to be more powerful than Gemini. Google's Gemini has outperformed GPT-4 and other models in benchmarks, but its Ultra version won't be available until 2024. ByteDance's upcoming model could intensify the AI competition.

Portfolio Pulse from Rounak Jain

December 07, 2023 | 12:42 pm

AAPL

GOOG

GOOGL

Apple Inc. (AAPL) has updated its Legal Process Guidelines to include data from push notifications in response to law enforcement requests. This change was prompted by concerns raised by Senator Ron Wyden about governments using notification data for surveillance. The guidelines now outline how Apple must provide Apple ID information associated with its notification service when legally ordered. Alphabet Inc. (GOOG, GOOGL) was also mentioned as having received similar requests from governments.

Portfolio Pulse from Benzinga Neuro

December 07, 2023 | 12:39 pm

AZN

BMY

The Biden administration is considering using 'march-in rights' to seize patents for high-cost medications developed with federal funding. A new framework by the Commerce Department will outline criteria for such actions, focusing on drug pricing and public accessibility. Pharmaceutical companies oppose this, claiming it's illegal and could hinder new drug development. AstraZeneca, Bristol Myers Squibb, and Boehringer Ingelheim, despite lawsuits against the administration's drug pricing policies, are open to Medicare price negotiations.

Portfolio Pulse from Vandana Singh

December 07, 2023 | 12:33 pm

CMPS

Compass Pathways has announced the appointment of Teri Loxam as the new Chief Financial Officer, effective from the beginning of March 2024.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:25 pm

F

TSLA

Tesla Inc (TSLA) has shared a guide on 48-volt vehicle architecture with Ford Motor Co (F) and other rivals, confirmed by Ford CEO Jim Farley. Initially thought to be a joke, the document provides detailed information on implementing the technology, which is used in Tesla's Cybertruck for benefits like faster charging and steer-by-wire capabilities. Farley thanked Tesla CEO Elon Musk for the contribution to the industry.

Portfolio Pulse from Anan Ashraf

December 07, 2023 | 12:22 pm

TM

Toyota Motor North America is expanding its battery recycling network through a collaboration with Cirba Solutions. This initiative is part of Toyota's commitment to sustainability and environmental responsibility, focusing on the lifecycle of batteries used in its vehicles. The partnership aims to enhance the recycling process and reduce the environmental impact of battery disposal.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:20 pm

CCI

Shares of Crown Castle Inc. (CCI) are trading higher following a letter from Elliott Investment Management indicating their intent to nominate a new Board if the current Board does not enact necessary leadership changes.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:16 pm

BR

Broadridge Financial Solutions, Inc. (BR) has set targets for recurring revenue growth of 7%-9% and adjusted EPS growth of 8%-12% for the fiscal years 2024-2026. This guidance reflects the company's confidence in its business model and strategic initiatives aimed at driving sustainable long-term growth.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:13 pm

ECVT

Ecovyst has announced a rebranding of its Advanced Silicas product portfolio. The rebranding initiative is aimed at better reflecting the company's commitment to innovation and sustainability in its products. The company's stock symbol is ECVT.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:11 pm