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Corporate Responsibility

X

U.S. Steel Corporation's Minnesota Ore Operations had a $1.8 billion economic impact in FY22, supporting 5,284 jobs. The operations include Minntac and Keetac facilities and contributed $911.9 million directly and $865.4 million indirectly. The company also generated $141 million in state and local taxes and has been the largest contributor to the Minnesota Permanent School Fund since 2018. Employees contributed $1.8 million to local charities. The report by Parker Philips highlights the significant role of U.S. Steel in the region's economy and its commitment to sustainability and community support.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 4:03 pm

AMZN

PYPL

Amazon has announced it will stop accepting Venmo as a payment method for subscriptions starting January 10, 2024. The company has advised customers to update their payment options in the 'Your payments' section of their account. While Venmo in its current form will be discontinued, Venmo's debit and credit cards can still be used on Amazon. This decision may influence other e-commerce platforms to reassess their payment methods and reflects the evolving nature of digital payments.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 3:16 pm

STLA

Stellantis has partnered with Ample to integrate Ample's Modular Battery Swapping technology into Stellantis electric vehicles, aiming to reduce charging times to under five minutes. The initial program will start in Madrid in 2024 with a fleet of Fiat 500e's in Stellantis' Free2move car sharing service. The technology could expand to other Stellantis platforms and geographies. Ample's batteries are modular, allowing for easy integration without reengineering vehicle platforms. The partnership aligns with Stellantis' Dare Forward 2030 strategic plan to increase BEV sales and achieve carbon net zero by 2038.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 3:03 pm

DIS

TSLA

Elon Musk criticized Bob Eiger, suggesting that by advertising next to child exploitation material, Eiger is endorsing it. Musk questioned the lack of an advertiser boycott against such content.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 3:02 pm

DPZ

Domino's Pizza, during its Investor Day, has projected an annual operating income growth of over 8% for the long-term period from 2024 to 2028. This forecast is a significant indicator of the company's confidence in its future profitability and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 2:38 pm

HTHIY

Hitachi (OTC:HTHIY) has issued the largest digital green bonds in Japan, totaling $68 million, with a coupon rate of 0.598%. Nippon Life Insurance purchased half of the offering. The bonds, which are part of Japan's move towards innovative issuance in the corporate debt market, will leverage the Green Tracking Hub to enhance transparency of environmental impacts. The hub is developed by Hitachi and JPXI, with blockchain support from BOOSTRY. Trading on the exchange is set to begin at the end of December.

Portfolio Pulse from Khyathi Dalal

December 07, 2023 | 2:38 pm

AMZN

GOOGL

META

MSFT

NVDA

Meta Platforms has introduced 'Purple Llama', a set of security guidelines and tools for AI model development, focusing on cybersecurity and input/output safeguards. This initiative includes CyberSec Eval, benchmarks for evaluating the safety of large language models (LLMs), and Llama Guard, a pre-trained model to prevent the generation of malicious code. The move aligns with the White House's push for AI safety and involves collaboration with an AI Alliance, including Microsoft, AWS, Nvidia, and Google Cloud, among others. Purple Llama aims to standardize safety practices in the generative AI field and mitigate cybersecurity risks associated with LLMs.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 2:37 pm

ABBV

An AbbVie executive stated that the company is positioned to return to robust growth in 2025. However, they expect a deal to have a $0.19 per share dilutive impact on the adjusted earnings of 2024, as mentioned during a conference call.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 2:27 pm

AAPL

CRM

GM

META

PLTR

TSLA

Bitcoin's bull run has led to a $2.6 billion loss for short sellers. SpaceX is negotiating an insider share sale at a $175 billion valuation. Sprinklr's earnings disappoint, while Ark Invest buys more Palantir stock. Crypto market shows mixed reactions post-jobs data. US and world economy reports indicate mixed sentiments. Tech companies like Apple and Meta are making AI advancements. Tesla faces accusations from a bear and launches new initiatives. McDonald's and Renault reveal new concepts, while GM's share buyback draws comparisons to BlackBerry. EU moves towards messaging app integration, and Meta enhances security. SpaceX's valuation talks and payload launch goals highlight space industry developments.

Portfolio Pulse from Akanksha Bakshi

December 07, 2023 | 2:21 pm

AAPL

BABA

BIDU

MSFT

NVDA

TCEHY

TSLA

Microsoft Corp's President Brad Smith met with China's Commerce Minister to discuss AI and trade, signaling potential cooperation between the U.S. and China. This follows a meeting between Presidents Biden and Xi Jinping. China is encouraging foreign enterprise services, with Microsoft expected to contribute to AI cooperation. U.S. tech firms face challenges due to technology tensions and export restrictions, notably Nvidia's AI chips. Despite this, recent visits by CEOs of Apple and Tesla to China indicate improving relations. Microsoft shares saw a slight premarket decrease.

Portfolio Pulse from Anusuya Lahiri

December 07, 2023 | 2:17 pm