Streetbeat News

Corporate Responsibility

AAPL

Taiwan Semiconductor Manufacturing Company (TSMC), a key supplier for Apple Inc., is reconsidering the location for its upcoming 1nm chip factory due to opposition from local residents. The company is exploring alternate sites within Taiwan. This comes amidst TSMC's growing confidence in Japan, where it plans to start chip production in 2024. TSMC recently faced a 13.4% on-year drop in September sales, part of a larger trend affecting Apple and its key suppliers.

Portfolio Pulse from Benzinga Neuro

October 18, 2023 | 9:13 am

MSFT

OpenAI's CEO Sam Altman has denied having a strained relationship with Microsoft's CEO Satya Nadella, despite reported clashes over the integration of OpenAI's model with Microsoft's Bing chatbot and concerns over Microsoft's $10 billion investment in OpenAI. Altman sees the rise of chatbots as friendly competition and stated that both companies want as much usage of their models as possible. Microsoft is reportedly looking to decrease its dependence on OpenAI by developing its own AI model.

Portfolio Pulse from Navdeep Yadav

October 18, 2023 | 8:47 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has not released an Autopilot safety data report in a year, leading to concerns about the company's transparency. The company had been publishing a quarterly report on Autopilot safety since 2018, but this practice stopped without explanation. The lack of data makes it difficult to track improvements over time, raising questions about Tesla's commitment to deliver on promises made to new buyers since 2016.

Portfolio Pulse from Benzinga Neuro

October 18, 2023 | 7:27 am

MSFT

Microsoft CEO Satya Nadella emphasized the importance of empathy as a critical skill for leaders. He believes empathy-driven leadership can significantly enhance team members’ career progression and is key to driving innovation. Nadella's viewpoint on empathy has been deeply shaped by his personal experiences, particularly as a parent to a child with disabilities. His emphasis on empathy in leadership is consistent with his approach to various global issues and his vision of the future of Artificial Intelligence.

Portfolio Pulse from Benzinga Neuro

October 18, 2023 | 6:09 am

TSM

Taiwan Semiconductor (TSM) has cancelled plans to build a chip plant in Northern Taiwan due to protests from local residents.

Portfolio Pulse from Charles Gross

October 17, 2023 | 11:06 pm

RBLX

Roblox Corporation has announced a new policy requiring employees to work from the office at least three days a week. Employees who do not comply with this policy are offered a severance package.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 8:40 pm

TPET

Trio Petroleum's CEO, Frank C. Ingriselli, has announced his resignation effective October 23, 2023. Michael L. Peterson will replace him as CEO, according to an employment agreement.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 8:35 pm

TEX

Terex Corporation (NYSE:TEX) announced a leadership succession plan. John L. Garrison, Jr. will retire as Chairman and CEO effective January 1, 2024. He will be succeeded by Simon Meester, current President of Terex Aerial Work Platforms. Joshua Gross, current Genie Vice President of Global Strategy and Product Management, will be promoted to President Genie. Garrison will continue as a consultant for Terex after January 1, 2024 through June 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 8:18 pm

ETWO

E2open has responded to a letter from Elliott Management, stating that its Board of Directors and management team remain committed to creating long-term shareholder value and continue to take actions to achieve that objective.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 8:17 pm

GIS

WMT

General Mills Inc (NYSE:GIS) and Walmart Inc (NYSE:WMT) have partnered to promote regenerative agriculture on 600,000 acres in the U.S. by 2030. The initiative, supported by grants from the National Fish and Wildlife Foundation, aims to improve soil health, biodiversity, climate change resilience, and farmer economic resilience. The partnership will focus on seven U.S. states and various crops, including wheat.

Portfolio Pulse from Shivani Kumaresan

October 17, 2023 | 5:06 pm