Streetbeat News

Corporate Responsibility

LGF/A

Shareholders of Lions Gate Entertainment Corp. have voted in favor of a proposal for the company to adopt a one-share, one-vote governance structure. Investment firm Neuberger Berman has called on the board to heed the shareholders' decision and adjust the plan of arrangement regarding the company's intended business separation.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:31 pm

DIS

Nelson Peltz is seeking two seats on Disney's board, as reported live on CNBC. Following the news, Disney's shares moved higher.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:26 pm

SMTI

Sanara MedTech Inc. announced the publication of a study in the Journal of Surgery showing that its product, CellerateRX Surgical Powder, significantly reduces surgical site infections in elective surgeries. The retrospective study of 5,335 patients demonstrated a 59% reduction in infection rates, with a 69% decrease in clean cases. The study, partially funded by a subsidiary of Sanara, supports the use of CellerateRX across various surgical specialties to improve patient outcomes and reduce healthcare costs.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:19 pm

ASPS

Altisource Portfolio Solutions (ASPS) has expanded its collaboration with the National Community Stabilization Trust (NCST) to increase access to affordable housing through its Hubzu online auction platform. This partnership aims to provide local nonprofits and other eligible organizations with the opportunity to purchase foreclosed and bank-owned properties before they are made available to the general public.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:18 pm

MSFT

Microsoft Corp's President Brad Smith downplayed the possibility of developing super-intelligent AI within the next year. Despite the hype following OpenAI's ChatGPT release, Smith believes Artificial General Intelligence (AGI) is years, if not decades, away. He stressed the importance of safety in AI development. OpenAI, backed by Microsoft, aims to generate over $1 billion in revenue from AI software and computing capacity sales in the next year. Microsoft shares saw a slight decrease of 0.03% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 30, 2023 | 2:16 pm

TGL

Treasure Global Inc (NASDAQ:TGL) announced the launch of ZCITY's Premium Store, designed to enhance user experience and drive revenue growth. The store features diverse packages from top brands and advanced technological features like AI-driven discounts. TGL's ZCITY also won the silver trophy for Best eCommerce Solution at the Asia eCommerce Awards 2023. The company is planning global expansion and anticipates increased user engagement and market share. Early feedback from users has been positive, and the company expects the new store to attract new users and increase transactions and gross profit.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:11 pm

AAPL

AMKR

Amkor Technology, Inc. (NASDAQ:AMKR) plans to build a $2 billion advanced packaging and test facility in Peoria, Arizona, creating approximately 2,000 jobs. The facility, which will be the largest outsourced advanced packaging facility in the US, is supported by the CHIPS and Science Act and has Apple (NASDAQ:AAPL) as its first and largest customer. The project is part of efforts to strengthen the US semiconductor supply chain and reduce dependence on foreign manufacturing.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:10 pm

BRK.A

KO

Legendary investor Charlie Munger, who passed away on Nov. 28 at the age of 99, once shared a piece of advice that significantly influenced an investor and was also adopted by Warren Buffett. During a dinner with podcaster David Senra, Munger emphasized the importance of aiming for greatness in life and business. Munger's approach included understanding human nature, expecting and preventing problems, and seeking out great businesses and people. His philosophy shaped Berkshire Hathaway's investment strategies, including the decision to invest in Coca-Cola, and contributed to the company's success.

Portfolio Pulse from Chris Katje

November 30, 2023 | 2:10 pm

AMPL

AMZN

Amplitude, Inc. (AMPL) has achieved the AWS Advertising and Marketing Technology Competency, recognizing its expertise in digital analytics and customer data management. This designation by Amazon Web Services (AWS) acknowledges Amplitude's ability to provide marketers with insights into customer behavior and engagement. The competency highlights Amplitude's technical proficiency and customer success in delivering cloud solutions on AWS for the advertising and marketing industry. Amplitude's platform enables teams to aggregate, analyze, and activate user data at scale, facilitating enhanced, personalized customer experiences. The Martech Weekly recently ranked Amplitude #18 in the top 100 most innovative marketing technology products.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:05 pm

VFS

VinFast Auto Ltd (NYSE:VFS) stock rose after announcing it will showcase its VF 9 EV at the UN climate change summit, COP28. The Vietnamese EV maker will participate as part of the Vietnamese delegation. The VF 9 EV is their high-end model with advanced technologies and a range of 330 miles. VinFast, which has seen volatile trading since its Nasdaq debut, was trending on Stocktwits.

Portfolio Pulse from Adam Eckert

November 30, 2023 | 2:03 pm