Streetbeat News

Corporate Responsibility

TSLA

A new biography of Tesla Inc (NASDAQ:TSLA) CEO Elon Musk reveals details about his personal life, including his relationships with his ex-wives and children. The book describes Musk's relationships as emotionally volatile, with his first wife, Justine Wilson, stating that arguments were frequent. Grimes, the mother of one of Musk's children, also described Musk as having a lack of empathy. Despite these difficulties, the biography also highlights Musk's good heart and his active involvement in raising his children.

Portfolio Pulse from Adam Eckert

September 25, 2023 | 10:54 pm

AMZN

Dave Limp, a top executive at Amazon, is set to become the CEO of Blue Origin, according to CNBC. This move comes as Blue Origin continues to compete in the commercial spaceflight industry.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:40 pm

NVTA

Invitae Corporation has announced the appointment of Ana Schrank as its new Chief Financial Officer (CFO).

Portfolio Pulse from Bill Haddad

September 25, 2023 | 8:30 pm

Ford has announced that it is pausing work and limiting spending on construction on the Marshall Project until it is confident about its ability to competitively operate the plant. The company has not made any final decision about the planned investment at the Marshall Plant.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 7:06 pm

MSFT

TTWO

UBSFF

A leaked email from Microsoft Gaming CEO Phil Spencer reveals the challenges faced by AAA game publishers in the digital age. Spencer noted that AAA publishers have struggled to create new intellectual property (IP) and are relying on franchises created over a decade ago. Microsoft's response to these challenges is Xbox Game Pass, a subscription platform that has collaborated with AAA publishers like Take-Two Interactive Software, Ubisoft Entertainment, and Electronic Arts.

Portfolio Pulse from Franca Quarneti

September 25, 2023 | 6:17 pm

PFE

Pfizer has restarted production at its Rocky Mount facility as part of the first phase of recovery efforts following a tornado. The company plans to fully restore production across the site's three manufacturing suites by the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 4:06 pm

NSANY

Nissan Motor Co (OTC:NSANY) plans to have all its new European models electric and aims for a fully electric vehicle (EV) lineup by 2030. The company is investing in its European Design and R&D teams and has unveiled the 'Concept 20-23', a sporty, urban EV concept. Nissan aims to launch 27 electrified vehicles, including 19 EVs, by 2030 under the Nissan Ambition 2030 initiative. The company anticipates that all-solid-state battery (ASSB) technology will reduce EV battery costs to $75 per kWh by 2028, with a target of $65 per kWh in the long run.

Portfolio Pulse from Shivani Kumaresan

September 25, 2023 | 3:55 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares are trading higher, recovering from recent losses. The stock has been volatile in September due to several corporate developments. Nikola appointed Mary Chan as COO and Joseph S. Cappello as president of Nikola Energy. The company also announced a deal with ITD Industries to become the first dealer for Nikola Class 8 EV trucks in Canada. Nikola has also enacted a voluntary recall of its battery electric vehicles (BEV).

Portfolio Pulse from Erica Kollmann

September 25, 2023 | 3:32 pm

Alcoa Corporation has announced a new CEO, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 3:22 pm

AAPL

AMZN

BIIB

DLAKY

GOOG

NVS

PFE

RNAZ

TSN

WMT

Several significant business events have occurred. Ford of Canada has reached a collective agreement with Unifor union, including wage increases and pension improvements. Amazon has invested $4 billion in AI startup Anthropic. PhonePe, backed by Walmart, has launched the Indus AppStore Developer Platform to challenge Google's dominance in India. Goodyear plans to redefine its operational presence in the Asia Pacific region. Pfizer's RSVpreF vaccine has been recommended by the CDC for pregnant people. Mercedes Benz has partnered with Mastercard to introduce in-car digital payments. Novartis plans to spin-off the Sandoz business. Eisai and Biogen's Alzheimer treatment Leqembi has been approved in Japan. Alcoa has appointed William F. Oplinger as President and CEO. TransCode Therapeutics' stock is trading higher after positive results with its therapeutic candidate, TTX-MC138. Tyson Foods and Perdue Farms are under investigation over alleged child labor violations. OpenAI has unveiled a new feature for its ChatGPT application, enabling verbal responses. Apple's iOS 17 update allows users to opt for a search engine other than Google. Austrian Airlines faced backlash for making inaccurate environmental claims.

Portfolio Pulse from Vandana Singh

September 25, 2023 | 2:58 pm