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Ford's CFO discussed strategies for reducing the cost of second-generation electric vehicles (EVs), emphasizing increased volume, optimized design, and smaller batteries. The company anticipates a significant cost reduction with the introduction of third-generation EVs, marking a 'step change' over the second generation.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:48 pm

CDNS

Cadence Design Systems, Inc. (CDNS) announced that Samsung Foundry successfully taped out a 5G networking SoC design using Cadence's Quantus Extraction Solution and Tempus Timing Solution. This first-time deployment of Cadence signoff solutions resulted in a 2X productivity boost and significant PPA gains for Samsung Foundry. The use of Cadence's integrated flow and tools like the Tempus ECO Option and hierarchical static timing analysis feature contributed to faster design closure and reduced project timelines.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:46 pm

F

Ford's CFO has indicated that as the adoption of electric vehicles (EVs) slows down, hybrid vehicles will play a crucial role in meeting regulatory requirements. This statement was made during the Barclays Conference, suggesting that Ford is considering the importance of hybrid technology in its future strategy.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:40 pm

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Ford's CFO announced at the Barclays Conference that the company is reducing the level of vertical integration for electric vehicle (EV) components, including motors and inverters. This suggests a strategic shift in Ford's approach to manufacturing EVs, potentially impacting its supply chain and cost structure.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:36 pm

DIS

Trian Fund Management, which owns approximately $3 billion of Disney stock, has been denied board representation by The Walt Disney Company, including their nominee Nelson Peltz. Despite Disney's offer to meet, Trian criticizes the company's performance and plans to appeal directly to shareholders for change, citing a $70 billion loss in shareholder value and underperformance relative to peers and the market.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:26 pm

F

Ford's CFO, at the Barclays conference, indicated that the Inflation Reduction Act is generating significant demand from commercial customers. This suggests a positive outlook for Ford's commercial vehicle sales, potentially leading to increased revenue and profitability in the short term.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:22 pm

WMT

Sam's Club, a division of Walmart Inc., is set to open two new distribution centers in early 2024, located outside St. Louis and Minneapolis. These facilities are part of a growth plan to enhance the supply chain and improve the omni shopping experience for members. The St. Louis area center will create over 100 jobs, while the Minneapolis area center will employ more than 80 associates. This expansion follows recent announcements of new distribution and fulfillment centers in Oklahoma City and Lithia Springs, Ga.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:01 pm

BAM

BLK

TPG

The UAE is set to launch a $30bn climate investment fund in collaboration with BlackRock, TPG, and Brookfield during COP28. Lunate Capital, a new Abu Dhabi-based asset manager, will oversee the fund, with $5bn dedicated to investments in the Global South. The initiative is part of the UAE's efforts to position itself as a leader in climate finance and to address scrutiny over its role as a major oil and gas producer hosting the climate summit. The fund aligns with global financial needs for transitioning to green energy and adapting to climate change, as outlined by the UN and the International Energy Agency.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:52 pm

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