Streetbeat News

Corporate Responsibility

DIS

Disney CEO Bob Iger announced at the Dealbook Conference that he will 'definitely' step down at the end of 2026. This statement provides a clear timeline for his departure and may influence the company's strategic planning and succession process.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 7:44 pm

DIS

At the Dealbook Conference, Disney CEO Bob Iger stated that ABC is not for sale, despite speculation to the contrary. Additionally, he mentioned that the production of 'The Marvels' faced challenges due to COVID-19, which may have affected timelines and costs.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 7:43 pm

DIS

Disney CEO Bob Iger, speaking at the Dealbook Conference, admitted that increasing Marvel content on streaming platforms was a 'definite mistake'. This acknowledgment suggests a potential shift in Disney's content strategy, particularly for its streaming services where Marvel series and movies play a significant role.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 7:42 pm

DIS

Disney CEO Bob Iger has affirmed that the company's decision-making process is currently robust, according to a report by CNBC.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 7:35 pm

DIS

Bob Iger, the CEO of Disney, stated in an interview with CNBC that he had not been actively seeking to return to the company. His comment suggests that his comeback was not self-initiated but likely due to external factors or requests.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 7:28 pm

META

SNAP

SPY

CEOs of Meta Platforms, TikTok, and Snap are scheduled to testify at a Senate hearing on January 31, as reported by Bloomberg. The hearing will likely address issues related to social media platforms and their impact on users.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 7:07 pm

HSAI

OUST

Hesai Technology (NASDAQ:HSAI) has responded to allegations by the House of Representatives Select Committee on the Chinese Communist Party, denying claims about its lidar technology. Hesai asserts that its lidars do not store or wirelessly transmit data, as confirmed by TÜV Rheinland and Dekra. The company has ISO/SAE 21434 certification and passed TISAX assessments. Hesai lidars, which cannot capture biometric data, are not designed for military use and are EAR99 classified. Hesai also won an ITC case against Ouster (NYSE:OUST), proving it did not infringe on Ouster's IP. Hesai is a publicly traded company that operates independently of the Chinese government and has not received government equity investments or intervention.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 7:00 pm

EGRX

Eagle Pharmaceuticals Inc (NASDAQ:EGRX) CEO Scott Tarriff has resigned and retired effective immediately. Michael Graves, Chairman of the Board, is now Interim Executive Chairman. The company is also not in compliance with Nasdaq's listing requirements due to not filing its 10-Q report for Q3 2023. Eagle Pharmaceuticals has 60 days to submit a compliance plan to Nasdaq. EGRX shares dropped 27.1% to $5.99.

Portfolio Pulse from Vandana Singh

November 29, 2023 | 6:46 pm

INTC

NVDA

SSNGY

TSM

NVIDIA Corporation's CEO, Jensen Huang, stated that the U.S. may take up to two decades to achieve independence from foreign chip manufacturing. At the DealBook conference, he highlighted the global dependency of NVIDIA's supply chain and the impracticality of U.S. supply chain independence in the short term. Despite U.S. efforts to localize chip production, Huang emphasized NVIDIA's commitment to China, its largest market, and the need to develop new chips that comply with U.S. regulations for export. Leading chipmakers like TSMC, Samsung, and Intel are expanding their U.S. operations. NVIDIA's stock (NVDA) saw a slight increase of 0.74% to $481.75.

Portfolio Pulse from Nabaparna Bhattacharya

November 29, 2023 | 6:34 pm

BRK.A

BRK.B

Berkshire Hathaway Inc. has accused Jimmy Haslam, the former owner of Pilot Travel Centers, of promising illicit payments to executives to inflate the company's earnings. In a court filing, Berkshire alleges Haslam engaged in a scheme to boost short-term profit, thereby increasing the value of his 20% stake in Pilot. The case was filed in Delaware Chancery Court, claiming Haslam offered 'side' bonuses to 15 senior executives and managers.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 6:11 pm