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The article discusses various regulatory, financial, and operational updates from multiple companies. Key points include potential delays in the PGA Tour and LIV Golf merger due to regulatory concerns, Snap Inc facing UK regulatory hurdles over privacy concerns, Philips' ventilator device recall facing FDA's discontent, Micron's $15B investment in a new Idaho facility, Novo Nordisk's weight loss drugs posing serious stomach risks, Shell revising its Q3 FY23 operational outlook, MGM Resorts expecting a $100M blow from a recent cybersecurity breach, GSK cutting stake in Haleon, TSMC's earnings fueled by AI demand, Netflix's growth issues in India, Uber facing legal hurdles in EU, ConAgra considering a makeover in portion sizes amid diet drug wave, PayPal facing a class-action suit accused of forcing higher price, Nvidia, Intel, Qualcomm challenging Biden's China restrictions, and Microsoft nearing the completion of Activision Blizzard acquisition.

Portfolio Pulse from Vandana Singh

October 06, 2023 | 2:05 pm

NVVE

Nuvve Holding Corp. (NASDAQ:NVVE) has been proposed a grant of $1.9M by the California Energy Commission (CEC) for its RESCHOOL project. The project aims to demonstrate the potential of electric school buses and bi-directional charging infrastructure in enhancing the resilience of California's power grid. The grant will fund the initial phase of the project, which includes plans to produce a scalable model for other California school districts to implement their own zero-emission and bi-directional infrastructure.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 1:01 pm

FOXO

FOXO Technologies' Interim CEO, Mark White, has outlined a new strategy for the company, focusing on AI-enabled direct-to-consumer services and immediate expense reductions. The company plans to launch a subscription-based app leveraging AI, machine learning, and epigenetic data to enhance health and wellness. FOXO is also considering strategic alternatives, including the acquisition of complementary AI technologies and/or strategic sales of assets. The company is shifting its focus away from selling life insurance products and instead concentrating on its Bioinformatics Services offering.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 12:34 pm

TSLA

Tesla CEO Elon Musk defended his leadership role at the company, citing data showing Tesla's dominance in EV sales in the U.S. for the first half of 2023. Tesla outsold its 19 closest competitors, including Ford, Rivian, Volkswagen, and BMW, with 325,291 vehicle sales. This comes amid concerns about Musk's divided attention between his roles in various companies.

Portfolio Pulse from Anan Ashraf

October 06, 2023 | 12:16 pm

Micron Technology, Inc (NASDAQ:MU) has begun construction on a $15 billion memory manufacturing facility in Boise, Idaho. The facility, which will create over 17,000 jobs, is expected to inject $15.3 billion into the Idaho economy. The company has also pledged a $75 million investment to the Idaho Community Investment Framework over the next decade. The facility will be environmentally responsible and will commence operations in phases from 2025.

Portfolio Pulse from Anusuya Lahiri

October 06, 2023 | 12:06 pm

CVX

Chevron has been actively engaged in efforts to finalize enterprise agreements for employees at its Gorgon and Wheatstone gas facilities. The company has accepted the Fair Work Commission's proposed terms to resolve outstanding claims.

Portfolio Pulse from Charles Gross

October 06, 2023 | 11:52 am

AKLI

Akili Interactive Labs announced that its former board chair, Chamath Palihapitiya, has resigned from the board, effective October 4, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 11:07 am

AKLI

Akili Interactive Labs has announced that Eddie Martucci has transitioned to the role of Board Chair. Matt Franklin has been named to serve as President, CEO, and Member of the Board.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 11:04 am

AAPL

On the 12th anniversary of Steve Jobs' passing, Apple Inc. CEO Tim Cook paid tribute to his mentor and friend. Jobs' tenure at Apple witnessed several notable innovations, including the iPod, iTunes Store, and the iPhone, which reshaped the smartphone industry. Cook, who succeeded Jobs as CEO in 2011, attributed much of his dedication to Apple to Jobs' profound influence.

Portfolio Pulse from Ananya Gairola

October 06, 2023 | 2:44 am

Micron Technology has announced plans to invest $75 million over the next 10 years towards the Idaho community and workforce development priorities. The company has also begun construction on a leading-edge memory manufacturing facility.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 9:36 pm