Streetbeat News

Corporate Responsibility

EDBL

Edible Garden has implemented technology funded by a grant from BRISEA and has also received a new grant from the NJ Economic Development Authority. This move could enhance the company's operations and financial health.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 2:02 pm

MSFT

Microsoft CEO Satya Nadella calls for collective governance of AI, citing risks such as electoral interference and uncontrollable AI advancements. He stresses the need for international cooperation in AI regulation and highlights Microsoft's efforts to protect elections with new technologies like a watermarking system for AI-generated content. The EU has strict AI regulations, and the US is moving towards an executive order for AI safety. Microsoft is also expanding in China and has invested in OpenAI.

Portfolio Pulse from Anusuya Lahiri

November 17, 2023 | 1:48 pm

CHPT

ChargePoint's stock is trading lower following the announcement of preliminary Q3 results and the appointment of a new CEO.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:30 pm

BB

BlackBerry Limited (NYSE:BB) has entered into a long-term cybersecurity deal with the Government of Malaysia, announced at the APEC Leaders' Summit. The agreement includes BlackBerry's suite of cybersecurity solutions, establishment of a Cybersecurity Center of Excellence (CCoE) in Kuala Lumpur, and collaboration with the Government of Canada to build cybersecurity capacity in Southeast Asia. The CCoE will provide training to address Malaysia's shortage of cyber professionals and enhance regional cyber threat intelligence and incident response.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:12 pm

DHC

ILPT

OPI

RMR

Yael Duffy has been appointed as President and COO of Office Properties Income Trust (OPI), effective January 1, 2024. She will retain her roles at Industrial Logistics Properties Trust (ILPT) and The RMR Group (RMR). Christopher Bilotto, the predecessor, will become President and CEO of Diversified Healthcare Trust (DHC) on the same date.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:08 pm

DHC

RMR

Diversified Healthcare Trust (DHC) has announced the appointment of Christopher Bilotto as President and CEO, effective January 1, 2024. Bilotto, currently an EVP at The RMR Group (RMR), will succeed Jennifer Francis, who is retiring from RMR and resigning from her executive positions at DHC and RMR on December 31, 2023. Francis has been with DHC's senior management since 2018 and will continue as a Managing Trustee of DHC.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:07 pm

CBRE

CBRE Group has announced the appointment of CEO Robert Sulentic as the new Board Chair, effective immediately. He succeeds Brandon Boze, who previously held the position.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:07 pm

HUGE

FSD Pharma Inc. announced the distribution date for Celly Nutrition Corp. shares to its securityholders as part of a plan of arrangement. The distribution date is set for November 29, 2023, with a record date of November 28, 2023, and an ex-dividend date of November 27, 2023. Eligible holders of FSD Pharma shares and certain warrants will receive one Celly Nu Share for each share or warrant held. Approximately 45.7 million Celly Nu Shares will be distributed, with FSD Pharma retaining about 154.3 million shares. The arrangement will be voted on at a special meeting on November 20, 2023, and requires final court approval on November 24, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:05 pm

BABA

Jack Ma's office clarified that he remains 'very positive' about Alibaba and has no plans to sell his shares, despite a recent sell-off. Alibaba's shares fell nearly 10% in Hong Kong after the company decided not to fully spin off its cloud computing unit and reported 9% revenue growth. Ma, retired but still a major shareholder, has not sold any shares and believes the stock is undervalued. He is also focusing on education and innovation, taking up an honorary professorship at the University of Hong Kong.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:02 pm

GS

Masanori Mochida, President of Goldman Sachs Japan, is stepping down after 38 years. His departure is part of a move for fresh leadership as the firm faces increased competition in Japan. Mochida was instrumental in establishing Goldman's presence in Japan, competing with domestic banks. His retirement aligns with a growing interest in Japanese investments due to corporate governance reforms and shareholder activism. Mochida's post-retirement plans may involve rugby, reflecting his past interest in the sport.

Portfolio Pulse from Anusuya Lahiri

November 17, 2023 | 12:52 pm