Streetbeat News

Corporate Responsibility

TSLA

Tesla Inc. (NASDAQ:TSLA) has reportedly issued a warning to its employees against sharing unauthorized images of the Cybertruck. The company will remove such images from its website and the employees involved will undergo an HR investigation. The ban includes all aspects related to the Cybertruck. The news comes as Tesla prepares for the Cybertruck delivery event later this year, with high-volume production scheduled for next year.

Portfolio Pulse from Anan Ashraf

August 19, 2023 | 9:28 am

AMZN

GOOG

GOOGL

META

An Amazon employee has created a satirical version of the company's leadership principles in response to its controversial return-to-office policy. The policy, which requires employees to be physically present for at least three days a week, has caused internal dissent. The situation worsened when Amazon began forcing some staff to relocate near central offices or face 'voluntary resignation'. Other tech companies, including Meta Platforms and Alphabet, have also reportedly issued notices urging employees to return to the office.

Portfolio Pulse from Ananya Gairola

August 19, 2023 | 4:57 am

GOOG

GOOGL

META

The Canadian government has urged Meta Platforms Inc. to lift its ban on domestic news sharing to aid in wildfire information dissemination. The ban was implemented in response to a new law requiring internet giants to compensate for news articles. The Canadian government has criticized Meta's decision as reckless and has called for the reinstatement of news sharing. Meta and Alphabet Inc. had previously decided to remove links to Canadian news sites in response to the Online News Act.

Portfolio Pulse from Benzinga Neuro

August 19, 2023 | 2:43 am

YUM

Elon Musk, CEO of Tesla Inc. and SpaceX, has publicly expressed his fondness for Taco Bell's Breakfast Crunchwrap, a product of Yum! Brands, Inc. This is not the first time Musk has praised the product. Tesla's Giga Shanghai factory has also introduced a range of meal options, including Taco Bell, for employee well-being.

Portfolio Pulse from Ananya Gairola

August 19, 2023 | 2:05 am

ARQT

Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT) has appointed John W. Smither as interim Chief Financial Officer (CFO), effective August 31. He replaces Scott Burrows, who is leaving the company to pursue an external opportunity. Smither previously served as Arcutis' first CFO from 2019 to 2021 and led the company's successful IPO in 2020. He has also served as CFO for several other biopharmaceutical companies.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 8:34 pm

FTII

FutureTech II Acquisition Corp. has appointed Ray Chen as its CEO and CFO, according to an 8-K filing.

Portfolio Pulse from Charles Gross

August 18, 2023 | 8:33 pm

MPW

Medical Properties Trust (MPT) has responded to a Wall Street Journal article regarding its investment in PHP Holdings LLC. MPT claims that the author disregarded information provided by the company and that the article was published before Prospect, who is dealing with a ransomware attack, could provide necessary clarifications.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 6:29 pm

INTC

MSFT

SFTBF

Microsoft Corp (NASDAQ:MSFT) plans to host a special event in New York City on September 21, 2023, where it is expected to introduce new additions to its Surface product line. Speculations suggest the launch of products like the Surface Go 4, Surface Laptop Studio 2, and Surface Laptop Go 3. The event marks the company's first significant unveiling since restructuring its hardware division and reducing staff earlier this year. There's also talk that the event could provide insights into the next significant Windows 11 update.

Portfolio Pulse from Anusuya Lahiri

August 18, 2023 | 6:16 pm

W

Oppenheimer analyst Brian Nagel has reiterated an Outperform rating on Wayfair Inc (NYSE:W) and raised the price target from $70 to $100. The analyst raised Q3 adjusted EBITDA forecast to $41.8 million and introduced an initial 2025 adjusted EBITDA estimate of $700 million. Wayfair's management updated its cost efficiency plan in January 2023, aiming to lower annual operating costs by an estimated $1.4 billion. The company's shares are currently trading at $69.93, up by 0.33%.

Portfolio Pulse from Shivani Kumaresan

August 18, 2023 | 5:54 pm

AMZN

MSFT

Amazon's Twitch has introduced a new feature that allows live streamers to block banned and blocked users from viewing their streams. The feature is expected to roll out to all users in September. This move is a response to the issue of harassment in streamer chats. Twitch has been improving its AI tools to detect and remove bad actors from the platform. In related news, Microsoft's Xbox recently introduced an enforcement strike system to promote responsible behavior within its gaming community.

Portfolio Pulse from Franca Quarneti

August 18, 2023 | 5:23 pm