Streetbeat News

Corporate Responsibility

TSLA

Elon Musk, CEO of Tesla Inc., discussed the future of jobs and the role of AI with UK Prime Minister Rishi Sunak. Musk believes that AI will eventually make all jobs obsolete, although he acknowledged the difficulty of predicting when this will occur. Sunak noted that AI has already created job opportunities and enhanced human capabilities. The conversation followed the AI Safety Summit, where tech companies and nations signed a voluntary agreement to allow governments to test their latest AI models for societal and national security risks.

Portfolio Pulse from Ananya Gairola

November 03, 2023 | 6:56 am

AMZN

Amazon.com Inc (NASDAQ:AMZN) founder Jeff Bezos is moving from Seattle to Miami, Florida. The decision was influenced by his parents' recent move to Miami and the shifting operations of his space venture, Blue Origin, to Cape Canaveral, Florida. Bezos founded Amazon in Seattle and transformed the city into a technology hub. Despite stepping down as CEO in July 2021, Amazon remains the city's largest private employer.

Portfolio Pulse from Shanthi Rexaline

November 03, 2023 | 6:12 am

BOX

Box, Inc. (NYSE:BOX) has announced the appointment of Olivia Nottebohm as its new Chief Operating Officer (COO), succeeding Stephanie Carullo who is retiring. Nottebohm, who has held leadership roles at Google, Notion, and Dropbox, will lead the global go-to-market organization at Box, including Sales, Customer Success, and Marketing. Carullo helped double Box's annual revenue to over $1 billion during her tenure.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 10:00 pm

IPVF

InterPrivate III Financial Partners Inc. (NYSE:IPVF) has announced that its board of directors has decided to extend the deadline to complete an initial business combination from November 9, 2023, to December 9, 2023. This is the sixth of nine potential one-month extensions available to the company. In connection with the extension, the company deposited $21,000 into the company's trust account.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 9:51 pm

HASI

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) has adopted a tax benefits preservation plan to protect the value of its net operating losses (NOLs) and other tax attributes, which exceed $465 million as of December 31, 2022. The plan aims to prevent an 'ownership change' that could limit the company's ability to use its tax attributes. The board has declared a dividend of one right to purchase junior participating preferred stock for each outstanding share of HASI common stock, payable to holders of record as of November 21, 2023. The rights will expire on November 2, 2026.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 9:41 pm

KRON

Kronos Bio, Inc. (NASDAQ:KRON) has announced a plan to optimize resource allocation, restructure, and contain costs following positive preliminary clinical data from its Phase 1/2 study of KB-0742. The restructuring plan, which includes a 19% reduction in force, is expected to extend the company's cash runway into 2026. The company will continue to advance the development of lanraplenib and focus on maturing projects and its Genentech collaboration activities.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 9:11 pm

SBUX

Starbucks has announced its 'Triple Shot Reinvention with Two Pumps' long-term growth strategy. The details of the strategy were not provided in the article.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 9:03 pm

PARA

The CEO of Paramount Global announced during a conference call that the inventory for the 2024 Super Bowl is virtually sold out.

Portfolio Pulse from Charles Gross

November 02, 2023 | 8:47 pm

F

GM

STLA

In an unusual win for the United Auto Workers (UAW), car companies including Ford (F), General Motors (GM), and Stellantis (STLA) have agreed to pay striking workers. This could potentially increase labor costs for these companies.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 6:57 pm

GS

Goldman Sachs plans to promote 608 executives to managing directors, a decrease from the 643 promotions two years ago. This move reflects the firm's ongoing focus on advancing its strategic objectives and expanding its global footprint.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 6:36 pm