Streetbeat News

Corporate Responsibility

MSFT

Microsoft Corp. has altered its employee compensation strategy, freezing salaries, reducing bonus budgets, and increasing the proportion of stock awards. During performance reviews, managers were instructed to focus on individual performance and its impact on rewards, rather than discussing the company's budget. The company's Chief People Officer, Kathleen Hogan, also instructed managers to award fewer “exceptional rewards,” which lead to higher pay and bonuses.

Portfolio Pulse from Benzinga Neuro

August 29, 2023 | 5:34 am

BYND

In a recent podcast, Microsoft co-founder Bill Gates and musician Ahmir “Questlove” Thompson discussed the potential of plant-based foods, including a meatless cheesesteak featuring Impossible meat. Gates has previously backed companies like Beyond Meat Inc. and Impossible Meat. They emphasized the importance of plant-based foods and alternative meat solutions in addressing climate concerns.

Portfolio Pulse from Ananya Gairola

August 29, 2023 | 2:47 am

EL

MSFT

OpenAI, backed by Microsoft Corp. (NASDAQ:MSFT), has launched ChatGPT Enterprise, a corporate-focused AI chatbot. The new product promises enhanced data encryption and user data privacy. Companies such as Estée Lauder Cos. (NYSE:EL), Canva, and Zapier have already adopted the technology. OpenAI has pledged not to use enterprise data to train its AI models to address data security concerns.

Portfolio Pulse from Piero Cingari

August 28, 2023 | 8:57 pm

COIN

Coinbase has announced that it has resolved the issues with new and existing wallets that customers were experiencing earlier today.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 8:22 pm

COLD

Americold Realty Trust (COLD) has appointed Bryan Verbarendse as its new Chief Operating Officer for North America. The impact of this appointment on the company's operations and performance is yet to be seen.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 8:07 pm

BUD

STZ

TAP

Anheuser-Busch InBev's Bud Light brand has faced a sales decline and controversy due to its partnership with transgender influencer Dylan Mulvaney. The brand has been boycotted and criticized for being 'woke'. Mulvaney, who recently won the 'Breakout Creator' award, made a joke about the controversy, which could further tarnish the relationship. Anheuser-Busch InBev's sales have fallen drastically, losing market share to rivals like Constellation Brands and Molson Coors Beverage.

Portfolio Pulse from Chris Katje

August 28, 2023 | 6:59 pm

AUVI

Applied UV has announced a restructuring plan aimed at simplifying its corporate structure, increasing gross margins, enhancing profitability, and driving organic growth. The plan is intended to improve operational performance and drive shareholder value creation.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 4:08 pm

MLCO

Melco Resorts & Entertainment Ltd (NASDAQ:MLCO) has implemented NORDAQ's water purification and bottling solution across its global property portfolio. The move is part of Melco's sustainability strategy to replace single-use plastic bottles with refillable glass bottles. The NORDAQ system has been installed in 43% of Melco's hotel rooms and three restaurant outlets in Macau and Manila, eliminating over 1.4 million single-use plastic bottles.

Portfolio Pulse from Shivani Kumaresan

August 28, 2023 | 3:43 pm

BV

URI

BrightView Holdings Inc (BV) has appointed Dale A. Asplund as the new CEO and received a $500 million strategic investment from One Rock Capital Partners. The investment will be used to reduce debt and fuel acquisitions. The company also reported Q3 FY23 revenue of $766 million, missing the consensus of $777.4 million, and adjusted EPS of $0.44, beating the consensus of $0.38.

Portfolio Pulse from Lekha Gupta

August 28, 2023 | 12:57 pm

SBET

SharpLink Gaming Ltd. (NASDAQ:SBET) CEO Rob Phythian issued a letter to shareholders outlining the company's growth strategies and key performance indicators. The company aims to have a profound impact on the U.S. sports betting industry by improving methods for reaching and converting sports fans into sports bettors. SharpLink has focused on acquiring an affiliate marketing company, completing a merger with SportsHub, and expanding its technology development team. The company's internal KPIs align with each component of its C4 solution: Connect, Collect, Convert, and Capitalize. SharpLink is licensed to operate in 24 U.S. states, the District of Columbia, Puerto Rico, and Ontario, Canada.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 12:38 pm