Streetbeat News

Corporate Responsibility

BBW

Build-A-Bear Workshop has expanded its presence by adding 14 new corporately-managed and partner-operated locations in the third quarter. This expansion could indicate a strategic growth initiative by the company.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 11:48 am

VFS

VinFast Auto (NASDAQ:VFS) will present and display its new VF 9 Electric Vehicle at the upcoming COP28, the annual United Nations summit on climate change.

Portfolio Pulse from Charles Gross

November 30, 2023 | 11:44 am

TSLA

Elon Musk, CEO of Tesla (NASDAQ:TSLA) and SpaceX, at the New York Times DealBook Summit, denied that his companies stifle competition. He highlighted that Tesla has made its patents open source and opened its supercharger network to rivals, while SpaceX does not use patents. Musk also expressed his support for competition in space travel, noting SpaceX's dominance with an 80% share of the world's payload to space. He also mentioned a positive view of Jeff Bezos' space efforts with Blue Origin.

Portfolio Pulse from Anan Ashraf

November 30, 2023 | 11:40 am

AES

AES Corporation has agreed to sell its 51% equity stake in the Mong Duong 2 coal-fired plant in Vietnam to Se.ven Global Investments. The terms of the deal were not disclosed. The transaction is pending approvals by the Government of Vietnam and the Ministry of Industry and Trade, with an expected close aligning with AES's plan to exit most of its coal assets by 2025.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 11:33 am

GOOG

GOOGL

MSFT

A team of AI researchers, including members from Google's DeepMind, discovered a method to extract training data from OpenAI's ChatGPT by prompting it to repeat a word indefinitely. The exploit revealed personally identifiable information, raising privacy concerns. Although the method initially worked, OpenAI seems to have fixed the issue. This discovery highlights potential vulnerabilities in AI models like ChatGPT and GPT-4, which have faced lawsuits for copyright infringement.

Portfolio Pulse from Rounak Jain

November 30, 2023 | 11:06 am

LVLU

Lulu's Fashion Lounge has announced the opening of a new retail location in Los Angeles, California. This marks a significant milestone in the company's history, which spans over 25 years.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 11:02 am

EVEX

Eve Air Mobility (NYSE:EVEX) and Flynas have announced a partnership to explore eVTOL aircraft operations in Saudi Arabia, aiming to start in Riyadh and Jeddah by 2026. This collaboration aligns with the Vision 30 sustainability goals and Embraer SA's strategy to reduce greenhouse gas emissions. Eve's eVTOL aircraft, still in development, promises a 60-mile range with potential future autonomous operations.

Portfolio Pulse from Anan Ashraf

November 30, 2023 | 10:55 am

PSX

Phillips 66 (NYSE:PSX) is engaging in a 'constructive dialogue' with Elliott Investment Management after the latter outlined a turnaround strategy with 75% upside potential for PSX. Phillips 66 acknowledges the value of strategic priorities since its Investor Day in November 2022 and has raised its shareholder distribution target to $13-15 billion. The company plans to monetize over $3 billion in non-core assets and achieve $1.4 billion in savings by 2024, including refining cost reductions. Elliott criticized PSX's operational expenditure discipline and suggested appointing two new board directors with refining experience. PSX shares rose 0.54% to $122.88 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

November 30, 2023 | 10:54 am

AAPL

AXP

GS

SYF

V

Apple Inc. (AAPL) is speculated to be seeking a new partner for its Apple Card operations following the potential end of its partnership with Goldman Sachs. A job listing for a software engineer at Apple Processing LLC hinted at a collaboration with Brazilian fintech company Pismo, recently acquired by Visa. Goldman Sachs is reportedly considering transferring the Apple Card program to American Express, while Synchrony Financial might take over the business. No official confirmation from Apple has been made regarding these changes.

Portfolio Pulse from Benzinga Neuro

November 30, 2023 | 10:29 am

CIPI

Correlate Energy has commissioned a new rooftop solar facility for Continental Envelope's manufacturing plant in Illinois. The solar project is now fully operational and is expected to supply 20%-25% of the plant's net energy requirement.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 10:22 am