Streetbeat News

Corporate Responsibility

AAPL

ACI

AMZN

GOOG

MRNA

ROKU

SFTBF

SPOT

UAL

WMG

The Chinese government has banned its officials from using Apple's iPhones and other foreign-branded devices at work. The FTC could prosecute Amazon over antitrust claims. Toyota launched a new version of its chauffeur-driven Century model. SoftBank backed Arm Holdings has launched its roadshow for its IPO. Warner Music has acquired a majority stake in 10K Projects. Roku disclosed measures to cut down its operating expense growth rate. United Airlines flights are back in the air after a temporary grounding. Moderna's updated COVID-19 vaccine is pending FDA approval. Spotify is exploring a move to put lyrics behind its paywall. Google tentatively settled a class action suit for allegedly violating antitrust norms. General Motors said that the UAW union's demands will pressure its manufacturing momentum. C&S Wholesale Grocers, backed by SoftBank, is reportedly approaching a deal to buy stores from Kroger and Albertsons. Apple inked a fresh deal with Arm Ltd for chip technology.

Portfolio Pulse from Vandana Singh

September 06, 2023 | 1:43 pm

APDN

Applied DNA Sciences, Inc. (NASDAQ:APDN) has appointed Beverly Wolgast as executive director of Quality and cGMP Programs. Wolgast will oversee quality assurance, control, and regulatory compliance across the company's three business segments. She brings over 30 years of experience in the pharmaceutical and biotech industry, including her recent role as Director of CleanCap GMP Manufacturing at TriLink BioTechnologies, a division of Maravai LifeSciences, where she led the manufacture of the BioNTech/Pfizer COVID-19 vaccine.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 1:20 pm

AMZN

Amazon's Counterfeit Crimes Unit has filed lawsuits against individuals attempting to sell counterfeit luxury items on social media. These individuals tried to evade Amazon's controls by listing generic products while promoting counterfeits on social media.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 1:18 pm

ARKK

DOGE-USD

GOOGL

TSLA

Crypto analyst predicts a 170% upside for Dogecoin by 2024. Google accidentally leaks a 360-degree view of the upcoming Pixel 8 Pro. Cathie Wood's Ark Invest continues to sell Shopify and Nvidia shares, while buying Spotify stock. Coinbase-incubated Base faces a major outage but assures no funds are at risk. Tesla, GM, Ford are among automakers targeted by NHTSA over faulty airbag inflators. Tesla raises the price of its Yoke steering wheel amidst recent Model S, X price adjustments.

Portfolio Pulse from Akanksha Bakshi

September 06, 2023 | 1:13 pm

ROKU

SST

TRVN

Trevena reported preliminary data from two proof-of-concept studies for TRV045. System1 confirmed receipt of interest for total security from Just Develop It. Roku announced plans to cut its workforce by 10% and raised its Q3 revenue guidance above consensus.

Portfolio Pulse from ryanfaloona@benzinga.com

September 06, 2023 | 12:38 pm

DIS

The Walt Disney Company (NYSE:DIS) has intervened in a cable blackout crisis during a dispute with Charter Communications, ensuring the broadcast of the U.S. Open tennis matches. Approximately 15 million U.S. pay-TV customers were unable to access Disney networks, including ESPN, due to a fee dispute with Charter. This comes amidst reports of Disney's restructuring and a potential sale of its ESPN cable sports channel.

Portfolio Pulse from Ramakrishnan M

September 06, 2023 | 12:25 pm

PEP

PepsiCo's Indian arm is investing approximately $9.33 million to establish its first food-centric manufacturing facility in Assam, Northeast India. The plant, projected to be operational by 2025, will create job opportunities for over 450 individuals. PepsiCo India plans to source 50,000 tonnes of potatoes from the region and stimulate demand for a cold storage capacity of 60,000 tonnes. The company also signed a MoU to boost women’s employment in the region.

Portfolio Pulse from Benzinga India Staff

September 06, 2023 | 11:46 am

GOOG

GOOGL

MSFT

Alphabet Inc.'s Google is celebrating its 25th birthday this month. CEO Sundar Pichai reflected on the company's journey and the evolution of technology over the years. He emphasized the importance of Search, which remains at the core of Google's mission. Pichai also highlighted how Google has adapted to the fast-changing technology landscape, from the web to mobile internet and now AI. Google is testing out Bard in Search, a conversational chatbot with visual elements, despite competition from Microsoft Corp.'s OpenAI's ChatGPT.

Portfolio Pulse from Rounak Jain

September 06, 2023 | 11:44 am

MRSN

Mersana Therapeutics has appointed Brian DeSchuytner as its new Chief Operating Officer. DeSchuytner, who joined the company in 2019 and has served as CFO since 2021, will continue to hold his CFO position alongside his new role.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 11:08 am

SNDR

Schneider National has announced the appointment of Darrell Campbell as Executive Vice President and CFO, effective from September 30. Campbell will succeed Steve Bruffett, who announced his retirement earlier this year. Bruffett will remain with the company until the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:33 am