Streetbeat News

Corporate Responsibility

HUBC

Hub Cyber Security has appointed Lior Davidson as interim CFO following the resignation of Hugo Goldman. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 5:04 pm

GILD

Gilead Sciences (NASDAQ:GILD) and Meharry Medical College have published a new supplemental issue detailing the impact of the Gilead COMPASS Initiative, a 10-year, $100 million initiative aimed at addressing the HIV epidemic in the Southern United States. The initiative has reached over 208,000 individuals through capacity-building training, 340,000 individuals through in-person events, and more than 90 million through COMPASS social media campaigns. It has also served more than 300,000 individuals through programming run by COMPASS coordinating centers.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 4:01 pm

TSM

TSMC has formed a task force to accelerate the development and production of its 2nm-class process technology. The company plans to start pilot production at two fabs in 2024 and initiate volume production in 2025. TSMC is also working on multiple 2nm-class projects, including N2, N2P, and N2X. The move comes amid intensified competition in the field of leading-edge process technologies, particularly from Intel Foundry Services and Samsung Foundry.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 3:49 pm

AMZN

BKE

DE

DIS

EL

HNST

INTC

MRNA

MSFT

NVS

PFE

XPEV

YELL

Moderna and Pfizer's updated COVID-19 vaccines show effectiveness against new variants. Novartis plans to spin off its Sandoz unit in October. Amazon is bolstering its social commerce capabilities. Instacart is reportedly preparing for an IPO. Honest Company is relying on Walmart to boost its financials. SpaceX's valuation is on par with Intel and Disney. YELLOW Corp received a $1.3 billion acquisition offer. Microsoft is selling a new version of Databricks software. XPeng, Estee Lauder, Deere & Co, and Buckle Inc reported their earnings.

Portfolio Pulse from Vandana Singh

August 18, 2023 | 2:20 pm

EWC

META

Residents of the Northwest Territories in Canada are struggling to access local news due to Meta's decision to block news content on its platforms in response to the federal government's Online News Act. The Act requires tech giants to pay for news content shared on their platforms. The blockage is particularly concerning as wildfires threaten the region and residents are unable to access critical information. Experts suggest that Canadian media companies could unite to create their own social media platform.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 1:49 pm

CEI

Camber Energy, Inc. (NYSE:CEI) has released additional information to help identify and combat potential short selling of the company's stock. Independent reports suggest that Merrill Lynch, TD Ameritrade, Charles Schwab, E-Trade, Apex, Wedbush, and National Financial Services have the largest trade imbalances regarding the trading of Camber's stock. The company has provided contact information for the Chief Compliance Officer of each organization and encourages shareholders to demand an internal investigation.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 12:34 pm

LNTH

Progenics Pharmaceuticals, a subsidiary of Lantheus (LNTH), has announced it will discontinue the production and promotion of Azedra and will be winding down its Somerset manufacturing site due to limited usage and associated fixed costs. The company plans to continue manufacturing Azedra into Q1 of 2024.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 11:37 am

TSLA

Former Tesla employees have described challenging working conditions during Elon Musk's 'production hell' periods, including long hours, intense pressure, and instances of on-the-spot firings. One worker reported colleagues sleeping on the factory floor after 12-hour shifts, while another recalled a raw sewage leak that workers were told to continue working through.

Portfolio Pulse from Benzinga Neuro

August 18, 2023 | 11:13 am

META

Twitter co-founder Jack Dorsey has left Instagram after 12 years, also discontinuing use of WhatsApp and Facebook. This move, similar to Elon Musk's stance against Meta Platforms Inc., has sparked controversy. Dorsey's decision seems influenced by Musk's criticism of Meta. Earlier this year, a Stanford research team reported that Instagram had over three times the number of accounts dedicated to selling child sex abuse material than Twitter.

Portfolio Pulse from Ananya Gairola

August 18, 2023 | 6:30 am

NXU

Nxu has announced a strategic shift to focus on its electric vehicle (EV) charging infrastructure technology. The company believes this move will position it better in the growing EV market.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 9:14 pm