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Corporate Responsibility

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

HSBC

MA

V

Ashok Venkateswaran of Mastercard Inc. expressed skepticism about the readiness of central bank digital currencies (CBDCs) for widespread adoption at the Singapore FinTech Festival. He emphasized the need for CBDCs to be as easy to spend as cash and noted the significant development required for their infrastructure. Mastercard has been involved in CBDC projects, such as the e-HKD pilot in Hong Kong, alongside competitors like Visa Inc. and financial institutions HSBC Holdings plc and Hang Seng Bank. Venkateswaran sees potential in wholesale CBDCs for interbank settlements and highlighted Singapore's efficient payment system as a reason for the diminished need for a retail CBDC.

Portfolio Pulse from Murtuza Merchant

November 17, 2023 | 3:36 pm

TM

Toyota Motor Corporation (NYSE:TM) has expanded its recycling agreement with Redwood Materials to include the creation of a circular supply chain for end-of-life automotive batteries from Toyota's electrified vehicles. The deal also allows Toyota to use recycled materials for new battery production. This follows a previous collaboration for battery collection and recycling. Toyota's North American supply chain will be supported by Redwood's Nevada facility, with an emphasis on the retiring fleet in California. TM shares saw a 0.95% increase to $192.20.

Portfolio Pulse from Shivani Kumaresan

November 17, 2023 | 3:24 pm

NKE

Football Australia and Nike have announced a 10-year partnership extension, marking the longest of Nike's federation and club partnerships in Australia. This partnership supports Australia's national teams and invests in grassroots programs and the Legacy '23 strategy, aimed at increasing access to football for young girls and women. Nike remains the official apparel partner for all Australian national teams, and a portion of the investment will support the Legacy '23 initiative to achieve gender parity in participation.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 3:05 pm

T

AT&T Inc has announced an agreement to establish a standalone managed cybersecurity services business. WillJam Ventures will be making a capital investment in this new entity. The additional terms of the transaction have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 2:45 pm