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AMZN

GOOGL

MSFT

OpenAI's leadership turmoil has prompted rivals like Google and Amazon to target its customers with incentives to switch platforms. Google is matching OpenAI's pricing and offering cloud credits and support for customers to use its AI software. Amazon emphasizes the value of its strategy, allowing customers to choose from multiple AI systems. OpenAI, with Microsoft's $13 billion investment, remains a large player, but companies are now considering diversifying their AI suppliers to avoid overreliance on a single provider. OpenAI has reinstated Sam Altman as CEO and named a new board to address concerns. Competitors are quickly moving to capitalize on the situation, with some reporting increased interest from businesses.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 10:21 pm

HOLI

Hollysys Automation Technologies plans to hold a special meeting of shareholders in January 2024. The company's special committee is expediting the sale process, indicating potential changes in ownership or structure.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 10:01 pm

RTX

Raytheon Technologies (RTX) has appointed Fredric Reynolds as its Lead Independent Director, effective December 1, 2023. Dinesh Paliwal will step down from the board on the same date. This change in board composition could influence the company's strategic decisions and oversight.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 9:32 pm

NMFC

New Mountain Finance Corporation (NMFC) has appointed Kris Corbett as its Chief Financial Officer (CFO), effective November 27. This change in the company's financial leadership could signal a strategic shift or a continuation of its current financial policies.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 9:15 pm

BHP

TAC

TransAlta and BHP Group have announced that their Northern Goldfields solar and battery facility in Western Australia has achieved commercial operation. The facility is now supplying electricity to remote nickel mining operations, marking a significant milestone in the provision of renewable energy to the mining sector.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 9:13 pm

ASLE

AerSale, a global supplier of aftermarket aircraft, engines, and OEM used serviceable material, has announced the retirement of its Co-Founder and Vice Chairman, Robert Nichols. Nichols will continue to serve as a member of the company's board.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 9:06 pm

DLTR

Dollar Tree has taken action in response to Wanabana's voluntary recall of its Apple Cinnamon Fruit Puree Pouch by locking its registers to prevent further sales of the product. The company has also removed the product from its website and currently has no financial information to share regarding the impact of the recall.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 9:00 pm

PLPC

Preformed Line Products Company (NASDAQ:PLPC) has announced Dennis F. McKenna as the new CEO effective January 1, 2024, succeeding Robert G. Ruhlman who will become Executive Chairman. McKenna, with the company since 1993, previously served as COO. The company has seen consistent growth and aims to continue expanding globally under McKenna's leadership, with a focus on sales, engineering, and manufacturing capabilities. J. Ryan Ruhlman was named President earlier this year to drive business development and marketing strategies.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 8:43 pm

BNBUSD

Binance, a leading crypto exchange, is facing a tumultuous period with the exit of CEO Changpeng Zhao and a $4 billion fine for alleged regulatory violations. The fine, one of the largest in crypto history, was levied for allowing groups like Hamas and ISIS to receive funds. Zhao also agreed to pay a $50 million personal fine. These events have caused significant outflows from Binance and raised questions about the future of the crypto industry, highlighting the importance of regulatory compliance and its impact on investor confidence.

Portfolio Pulse from Murtuza Merchant

November 22, 2023 | 7:04 pm

ADSK

Mizuho analyst Matthew Broome downgraded Autodesk's price target from $220 to $200 while maintaining a Neutral rating, citing concerns over Autodesk's new transaction model that requires indirect customers to transact directly with the company. This change, which began in Australia and will roll out globally, could strain relationships with resellers. Despite solid Q3 results, Autodesk's FY25 revenue guidance of 9%+ growth is below expectations and its long-term target, reflecting a challenging operating environment. Autodesk's stock dropped 5.59% to $205.51.

Portfolio Pulse from Nabaparna Bhattacharya

November 22, 2023 | 6:34 pm