Streetbeat News

Corporate Responsibility

BLNK

Blink Charging Co. (NASDAQ:BLNK) President and CEO Brendan Jones will discuss the company's growth and path to profitability at the UBS Industrials Summit on November 29. Blink aims for a positive adjusted EBITDA by December 2024 and has seen significant revenue growth, with Q3 2023 revenues up 152% to $43.4 million. The company has also improved operational efficiency by insourcing chargers and raised its 2023 revenue target to $128 - $133 million.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 6:20 pm

TMBR

Timber Pharmaceuticals announced that its proposal to approve a merger agreement with Leo US and Leo Spiny Merger Sub was not approved by a majority of the outstanding shares entitled to vote, as per an SEC filing. A special meeting was held to vote on this matter.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 6:19 pm

TSLA

Several Tesla Inc. shareholders, including Jerry Braakman of First American Trust, have criticized CEO Elon Musk for endorsing antisemitic views on social media. They are calling for the board to take action, with suggestions such as suspending Musk for a period. First American Trust held about 16,000 Tesla shares as of September 30.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 5:48 pm

COIN

IBM

JPM

PYPL

The cryptocurrency industry in the U.S. has spent $56.44 million on lobbying from 2019 to 2023, with $20.2 million spent in 2023 alone, excluding Q4. This represents 19.7% of Wall Street's lobbying spend. Companies like Andreessen Horowitz, OKX, Polygon, Solana, and Discover Crypto are active in lobbying. Coinbase is the top spender at $7.51 million, followed by the Blockchain Association and Ripple. Despite this, the SEC has increased oversight of the industry, with a focus on investor protection and legal actions against crypto firms.

Portfolio Pulse from Murtuza Merchant

November 17, 2023 | 5:34 pm

ERJ

Embraer's CEO has projected a revenue growth of approximately 20% for the company in 2024. This optimistic forecast is based on the company's current business trajectory and market conditions.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 5:05 pm

FSR

Panasonic Automotive and Fisker Inc. have collaborated to launch the Fisker Pulse audio system, powered by ELS STUDIO 3D, for the all-electric Fisker Ocean SUV. The system features 15 high-performance speakers and aims to blend audio performance with sustainability, using neodymium magnets to reduce speaker weight and energy consumption. The design integrates with Fisker's sustainable interior materials and aims to provide studio-quality sound with lower energy draw, contributing to the vehicle's driving range.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 4:51 pm

CYTO

Altamira Therapeutics Ltd (NASDAQ:CYTO) is trading over 200% higher after announcing the sale of a 51% stake in its subsidiary Altamira Medica AG to a Swiss private equity investor. The deal includes a cash consideration of CHF 2.04 million and future licensing income. The company will retain a 49% stake in Medica and expects a financial gain of approximately $5.2 million from the transaction. Altamira's CEO anticipates major growth from 2024 and a strategic repositioning into a focused RNA delivery company.

Portfolio Pulse from Vandana Singh

November 17, 2023 | 3:58 pm

TSLA

The White House has publicly condemned the promotion of antisemitism, referencing a social media post by Elon Musk. The post in question has drawn significant attention and criticism, prompting a response from the administration.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 3:56 pm

AES

AES Corp (NYSE:AES) is in talks to sell its majority stake in a large coal-fired power plant in Vietnam, aligning with its strategy to exit coal assets by 2025. The potential buyer is Sev.en Global Investments, owned by billionaire Pavel Tykac. Posco International, holding a 30% stake, may also sell. AES recently sold parts of its Dominican Republic and Panama businesses for $190 million. In Q3 FY23, AES's adjusted EPS was $0.60, surpassing estimates, but revenue fell short at $3.43 billion.

Portfolio Pulse from Lekha Gupta

November 17, 2023 | 3:49 pm

EH

ShareSleuth has published an article highlighting concerns from early employees of EHang Holdings regarding a culture of corner-cutting and casual ethics within the company. These issues could potentially affect the company's future in passenger flights, raising questions about safety and regulatory compliance.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 3:48 pm