Streetbeat News

Corporate Responsibility

ADDYY

Adidas CEO Bjørn Gulden has expressed his beliefs about antisemitic remarks made by Ye, formerly known as Kanye West, suggesting that Ye did not intend the comments. These comments led Adidas and other companies to sever ties with Ye. Adidas anticipates over $1 billion in revenue losses after discontinuing Ye's products. In August, Adidas announced plans to donate some profits from the high-end Yeezy collaboration to anti-hate groups.

Portfolio Pulse from Benzinga Neuro

September 21, 2023 | 9:38 am

PM

Philip Morris International Inc. (PMI) has had its Forest, Land, and Agriculture (FLAG) emissions reductions targets verified by the Science Based Targets initiative (SBTi). PMI is one of the few companies to achieve this recognition. The company maintains its target to reach net-zero emissions for scopes 1, 2, and 3 by 2040, which was validated by SBTi in July 2022. PMI has pledged to reduce absolute scope 3 emissions related to FLAG by 33.3% by 2030 in line with SBTi best practice.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 8:01 am

GOOG

GOOGL

British politicians are seeking answers from Elon Musk and X CEO Linda Yaccarino regarding the presence of British actor Russel Brand on X (formerly Twitter). This comes as mainstream British channels have removed all of Brand's content and YouTube has demonetized his channel. Musk has been posting on the platform stating that this is 'censorship'.

Portfolio Pulse from Rounak Jain

September 21, 2023 | 7:44 am

TSLA

Elon Musk criticized the legal team that sued Tesla's board for alleged overpayment, as they now demand $10,000 per hour pay. This follows a lawsuit where Tesla's directors agreed to return over $735 million in stock awards to the company, addressing investor concerns over corporate governance practices at Tesla.

Portfolio Pulse from Benzinga Neuro

September 21, 2023 | 7:20 am

AMZN

MSFT

Microsoft's Chief Product Officer, Panos Panay, has left the company to reportedly join Amazon. His departure comes after recent changes within the Windows and Devices division, budget cuts, and product cancellations. Microsoft had scaled back its division, making significant cuts to the Surface business. An internal poll at Microsoft revealed a significant drop in employee morale and confidence in leadership. Amazon's devices unit has also faced recent cuts that affected its development pipeline.

Portfolio Pulse from Ananya Gairola

September 21, 2023 | 6:27 am

GOOG

GOOGL

Google, a subsidiary of Alphabet Inc., has announced a partnership with Howard University to improve Automatic Speech Recognition (ASR) technology for the Black community. The project, named Project Elevate Black Voices (EBV), aims to compile a high-quality African-American English speech dataset. Howard University will retain ownership and licensing rights over the dataset. The initiative is in response to research showing that Black users face more challenges with ASR than their white counterparts.

Portfolio Pulse from Ananya Gairola

September 21, 2023 | 4:05 am

IBM

Peter Brown, CEO of Renaissance Technologies, discussed his early career in language technology before joining the finance world. He worked at IBM as a language technology expert, where he built large language models that aimed to mimic human knowledge of grammar and semantics through raw data. His foundational work has paved the way for modern models like ChatGPT.

Portfolio Pulse from AJ Fabino

September 20, 2023 | 10:10 pm

HWBK

Hawthorn Bancshares has appointed Christopher Hafner as its new CFO, effective from October 13, 2023. He replaces Steve Guthrie, who retired from the position on September 1, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 9:18 pm

KDP

Keurig Dr Pepper's Chairman & CEO, Bob Gamgort, will guide the company through a transition period before taking on the role of Executive Chairman.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:37 pm

KDP

Keurig Dr Pepper has announced the appointment of Tim Cofer as its new Chief Operating Officer. Cofer is expected to assume the role of CEO in Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:36 pm