Streetbeat News

Corporate Responsibility

AAPL

First responders in Los Angeles County have praised Apple Inc.'s (NASDAQ:AAPL) iPhone Emergency SOS via satellite feature, calling it a 'complete game-changer' for emergency situations. The feature has been credited with improving emergency response times and saving lives by providing immediate notifications and precise location data to rescue teams. The feature, available in the iPhone 14 lineup, allows users to send SOS messages without cellular or WiFi coverage and has been instrumental in several rescues, including in remote Alaska and during Canadian wildfires.

Portfolio Pulse from Ananya Gairola

December 07, 2023 | 5:23 am

CME

CME Group has announced the extension of Chairman and CEO Terry Duffy's employment agreement through December 31, 2025. The Board, recognizing Duffy's leadership and expertise, believes his continued role is in the best interest of the company and its shareholders. Duffy, with over 40 years in the futures industry, has been in his current position since 2016 and has held various leadership roles within CME Group since 2002.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 11:07 pm

FSR

Fisker Inc. (NYSE:FSR) Chairman and CEO Henrik Fisker issued a statement defending the company against negative reports, claiming they are 'overblown' and highlighting the company's progress and industry firsts. Despite a 10% drop in the stock price during Wednesday's trading session, Fisker expressed confidence in the long-term prospects of the company, stating that the current share price does not reflect its positive attributes. Fisker stock saw a slight increase in after-hours trading.

Portfolio Pulse from Ryan Gustafson

December 06, 2023 | 11:03 pm

AMZN

GOOG

META

MSFT

Google has launched 'Gemini', an AI software designed to compete with OpenAI's GPT-4. Gemini boasts superior math, coding, and reasoning capabilities and can process video, image, or voice inputs. This move is part of a tech industry arms race involving companies like Microsoft, Facebook, and smaller firms like OpenAI. Google's Bard will integrate Gemini, enhancing its features. Microsoft's Bing, OpenAI's GPT4, Google's Bard, Meta's Llama 2, OpenAI's GPT Store, and Amazon's Q are all part of the competitive landscape in AI development.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 10:57 pm

PTON

VZ

Leslie Berland has resigned from her position as Chief Marketing Officer at Peloton Interactive, effective December 31, 2023, according to a filing. The Wall Street Journal reported that Berland has been hired as the new Chief Marketing Officer for Verizon Communications.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 9:58 pm

SBUX

Starbucks Corp (NASDAQ:SBUX) ended a 13-day losing streak, its longest since 1992, with a slight uptick in stock price. The decline was attributed to a 'material decline' in November sales, as noted by JPMorgan Chase analysts, amid boycotts over the company's alleged support of Israel in its conflict with Palestine. The boycotts were fueled by a statement from the Starbucks Union supporting Palestine and a subsequent lawsuit by Starbucks against the union. The hashtag #boycottStarbucks has over 50 million views on TikTok. Additionally, the Starbucks Workers United union organized a walkout during a major promotion. Starbucks' market cap has dropped by over $10 billion, with the stock down over 10% since Nov. 17.

Portfolio Pulse from Aaron Bry

December 06, 2023 | 9:53 pm

IMMP

Immutep, an Australian biotechnology company, has received a French R&D tax incentive of A$2.6 million. This incentive is for the company's research and development activities conducted in France. The financial boost may aid in advancing Immutep's R&D efforts and potentially enhance its financial stability.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 9:41 pm

DOV

Dover Fueling Solutions (DFS), a part of Dover (NYSE:DOV), has successfully installed the LIQAL Boil-off Gas Treatment Unit (BTU) system at LC3 Trasporti's refueling station in Italy. This system allows the station to offer both LNG and 100% Bio-LNG, improving refueling efficiency and reducing environmental impact. The LIQAL BTU system ensures stable tank pressure and prevents methane emissions, supporting LC3's decarbonization efforts in heavy transport.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 9:40 pm

NOTV

Inotiv has announced plans to take direct control of its transportation operations, aiming to improve efficiencies, its outgoing supply chain, and service continuity for clients. The company will partner with Vanguard Supply Chain Solutions for the in-house integration.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 9:36 pm

OPTT

PGNT

Paragon Technologies (OTC:PGNT), owning 4.9% of Ocean Power Technologies (NYSE:OPTT), criticizes OPTT's board for entrenchment and dishonesty. Paragon's request for a preliminary injunction against OPTT's advance notice bylaws was denied, but the court expressed doubts about the board's good faith. Paragon accuses OPTT of fabricating schemes to block alternate director nominations and questions the board's spending of over $6 million to defend against Paragon's campaign, given OPTT's financial losses and risk of insolvency. Paragon urges shareholders to vote for its director nominees, citing its own track record of creating shareholder value.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 9:33 pm