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Corporate Responsibility

TSLA

Due to actions taken by Elon Musk, over 100 studies about X have been canceled, suspended, or changed, as reported by Reuters. This is because Musk's actions have limited access to necessary information. Tesla (TSLA) may be indirectly affected by this news.

Portfolio Pulse from Charles Gross

November 06, 2023 | 11:15 am

SBUX

Starbucks has announced that eligible U.S. retail hourly partners will receive at least a 3% incremental pay increase, and differentiated pay for eligible tenured partners, effective from January 1.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 11:13 am

AMD

INTC

NVDA

The CEOs of Nvidia Corporation (NASDAQ:NVDA) and Advanced Micro Devices, Inc. (NASDAQ:AMD), both leaders in the global AI chip industry, are related as first cousins once removed. Both companies are key players in the semiconductor industry and are advancing in generative AI technology. However, they face potential challenges due to geopolitical tensions, with U.S. export controls affecting Nvidia's AI chips directed to China and AMD committing to U.S. restrictions while creating products for China.

Portfolio Pulse from Rounak Jain

November 06, 2023 | 10:50 am

META

WhatsApp, owned by Meta Platforms Inc. (NASDAQ:META), has been found to generate inappropriate images of children with firearms when users search for terms related to Palestine. The AI feature responsible for this has been criticized for bias and censorship. Meta's employees have raised concerns internally, and Australian Senator Mehreen Faruqi has called for an investigation into Meta over the generated imagery. This incident adds to the ongoing tension surrounding the Israel-Hamas conflict and the role of tech companies in it.

Portfolio Pulse from Ananya Gairola

November 06, 2023 | 8:29 am

TSLA

Tesla Inc. (NASDAQ:TSLA) is increasing wages for its factory workers in Germany amid unionization efforts. The company announced a package of wage increases during CEO Elon Musk's visit to the Berlin Gigafactory. Tesla has been facing pressure from Germany's IG Metall union, which seeks to unionize the plant. A smaller industrial union representing Tesla service workers in Sweden has gone on strike. The United Auto Workers union in the US is also targeting Tesla's factories. Unionizing could significantly increase Tesla's labor costs.

Portfolio Pulse from Benzinga Neuro

November 06, 2023 | 4:26 am

AMZN

META

The UK's Competition and Markets Authority (CMA) has accepted commitments from Amazon and Meta Platforms to protect fair competition on their respective marketplaces. Meta will prevent the exploitation of its advertising customers' data and grant advertisers more control over their data. Amazon will ensure third-party sellers can compete fairly and customers can access the best deals. An independent trustee will oversee Amazon's adherence to these commitments.

Portfolio Pulse from Nabaparna Bhattacharya

November 04, 2023 | 7:31 pm

FSR

KARS

NIO

NKLA

RIVN

TSLA

Electric vehicle stocks advanced in the week ending Nov. 3, with key events including Tesla's potential unionization, Rivian hiring a Mercedes-Benz veteran, and Nikola's Q3 loss widening due to a battery fire recall. Fisker shares ended lower for the week due to weakness in the EV market and the departure of its CTO. Nio plans to cut 10% of jobs in November. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 4.25% for the week.

Portfolio Pulse from Shanthi Rexaline

November 04, 2023 | 1:09 pm

TSLA

The United Auto Workers (UAW) union is planning to expand its organizing efforts to Tesla Inc. and Toyota Motor following successful negotiations with Detroit’s “Big Three” automakers. The union's president, Shawn Fain, aims to use the momentum from recent record contracts to bolster the union’s negotiating power and membership. The recent deals include a 25% wage increase, reinstatement of cost-of-living adjustments, enhanced profit-sharing payments, and other significant pay, healthcare, and workplace benefits.

Portfolio Pulse from Benzinga Neuro

November 04, 2023 | 4:15 am

META

Meta Platforms Inc. CEO Mark Zuckerberg underwent surgery to repair a torn knee ligament sustained during a mixed martial arts session. Zuckerberg is on the road to recovery after sustaining a knee injury while training for a competitive MMA fight. The company disclosed plans to increase its pre-tax spending on Zuckerberg’s security to $14 million this year, a noticeable uptick from the previous annual budget of $10 million.

Portfolio Pulse from Ananya Gairola

November 04, 2023 | 2:14 am

SGAMY

SEGA executive Osamu Ohasi has expressed his ambition for Sonic the Hedgehog to surpass Mario in terms of popularity. Ohasi, who manages SEGA's 2nd Business Department responsible for the Sonic franchise, wants Sonic to be played globally and the Sonic movie to be a bigger hit than Mario. However, achieving these objectives will be challenging as the recent Super Mario Bros. movie grossed $1.36 billion at the box office, while the two Sonic movies combined generated a total of $725 million. In terms of video game sales, Mario is the best-selling video game franchise of all time, with over 830 million copies sold globally.

Portfolio Pulse from Franca Quarneti

November 03, 2023 | 8:53 pm