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Corporate Responsibility

TMO

Thermo Fisher Scientific Inc. (NYSE:TMO) has entered into a 15-year virtual power purchasing agreement (VPPA) with ib vogt for a 91-megawatt portion of the Serbal solar project. This will provide Thermo Fisher with approximately 192,000 megawatt hours of renewable electricity annually, covering over half of its European sites with 100% renewable energy by January 2025. Eurofins Scientific also joined the deal for a 36-megawatt portion, aiming to reduce both companies' Scope 2 and Scope 3 emissions.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 8:05 am

MSFT

Microsoft Corp. (NASDAQ:MSFT) has undergone a major reshuffle in its security leadership. Igor Tsyganskiy, recently joined from Bridgewater, is appointed as the new Chief Information Security Officer (CISO), replacing Bret Arsenault, who becomes the Chief Cybersecurity Officer. Aanchal Gupta, previously expected to succeed Arsenault, will now be a technical advisor in the Experiences and Devices division. The changes indicate a strategic revamp for the CISO role, aiming to invigorate the division with new leadership.

Portfolio Pulse from Benzinga Neuro

December 06, 2023 | 8:00 am

AMZN

Amazon Inc. (NASDAQ:AMZN) is experiencing a surge in employee resignations, particularly in its Amazon Web Services (AWS) division, due to dissatisfaction with its rigid return-to-office policy. Despite claims from an Amazon spokesperson that attrition rates are at a multi-year low and the policy has boosted energy and collaboration, employees are leaving notes of discontent on internal channels. The policy, which requires staff to work from their team hub at least three days a week, has been controversial since its enforcement earlier in 2023. Employee attrition poses a challenge for AWS amidst slowing growth and missed sales targets.

Portfolio Pulse from Benzinga Neuro

December 06, 2023 | 7:18 am

TSLA

Ross Gerber, a Tesla investor, believes the upcoming Cybertruck will be the 'most impactful vehicle' and urges Elon Musk to concentrate on Tesla full-time. Gerber praised Tesla's pricing strategy and its role in transforming the automotive industry. He anticipates the need for increased Cybertruck production once launched. Gerber also criticized Musk's recent behavior, including the endorsement of an antisemitic claim, as harmful to Tesla's brand.

Portfolio Pulse from pooja@benzinga.com

December 06, 2023 | 5:31 am

MSFT

Reid Hoffman, co-founder of LinkedIn and former director of OpenAI, expressed confusion at the temporary removal of CEO Sam Altman from OpenAI, with no clear reasons provided. The decision, which followed investor pressure and a potential employee walkout, has since been reversed, and Altman has been reinstated. Despite this, the reasons behind the turmoil remain unclear, with rumors of Altman neglecting AI safety and disagreements over funding for a new AI chip startup. OpenAI continues its operations and maintains its partnership with Microsoft (NASDAQ:MSFT).

Portfolio Pulse from Benzinga Neuro

December 06, 2023 | 3:14 am

TSLA

Elon Musk, CEO of Tesla Inc, has claimed that the Cybertruck is safer for both occupants and pedestrians. Musk responded to concerns about the vehicle's safety for pedestrians by expressing high confidence in its safety features. The Cybertruck, with a steel exterior and shatter-resistant armor glass windows, has been demonstrated to withstand various firearm impacts. Tesla has started delivering the Cybertruck and aims to deliver approximately 250,000 units annually by 2025. The vehicle's pricing starts at $60,990, with the premium Cyberbeast model starting at $99,990.

Portfolio Pulse from Anan Ashraf

December 06, 2023 | 3:02 am

NSYS

Nortech Systems has appointed Andrew LaFrence as its new CFO and Senior Vice President of Finance. LaFrence will oversee financial operations, planning, accounting, and relationships with lenders, shareholders, financial community, auditors, and tax advisors.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 10:40 pm

XELA

Exela Technologies has announced the adjournment of its annual meeting, which is now scheduled to reconvene on December 29, 2023. No reasons for the adjournment or details about the agenda for the reconvened meeting have been provided in the article.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 10:33 pm

CX

Cemex, a global building materials company, has introduced the first fully electric ready-mix concrete truck in the Middle East at COP28 in Dubai. This move aligns with the company's commitment to sustainability and reducing carbon emissions in the construction industry.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 10:25 pm

GBNH

Greenbrook TMS Inc. has secured an additional $2.5 million in senior secured term loans from Madryn Asset Management under its credit facility, bringing the total outstanding amount to approximately $72 million. The amendment allows Madryn to convert up to $227,273 of the new loan into common shares at $1.90 per share. The funds are intended for general corporate and working capital purposes, and the company is exploring more financing options for future liquidity. The transactions are considered related party transactions but are exempt from certain requirements due to their size relative to the company's market capitalization.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:34 pm