Streetbeat News

Corporate Responsibility

VWAGY

Volkswagen-owned Italian supercar brand Lamborghini is set to unveil its first electric vehicle (EV) concept model on August 18th. This is part of Lamborghini's broader electrification roadmap, which includes the launch of its first hybrid model in 2023 and the electrification of its entire range by the end of 2024. The company has committed $1.8 billion over four years to its electrification efforts.

Portfolio Pulse from Anan Ashraf

August 17, 2023 | 10:36 am

META

The state of Florida has spent $9.41 million to protect Governor Ron DeSantis, a frontrunner for the GOP nomination in the 2024 election, from July 1, 2022, to June 30, 2023, a 58% increase year-over-year. The report also mentioned that Meta Platforms (NASDAQ:META) CEO Mark Zuckerberg received $13.4 million, $15.1 million, and $14.8 million in personal security expenses in 2020, 2021, and 2022 respectively.

Portfolio Pulse from Chris Katje

August 17, 2023 | 3:23 am

ETHUSD

Ethereum co-founder Vitalik Buterin has praised Elon Musk's X, formerly known as Twitter's 'Community Notes' feature, for bridging 'crypto values' with reality. Buterin stated that the feature, which allows users to append notes to potentially misleading tweets and rate them, is a good example of 'crypto values' becoming a reality. He also dismissed speculations that Musk might use the feature to delete specific content due to his business interests, stating that the algorithm is open source and verifiable.

Portfolio Pulse from Ananya Gairola

August 17, 2023 | 2:28 am

SNPS

Synopsys has announced that Sassine Ghazi will assume the role of President and CEO on January 1, 2024. Current CEO, Aart de Geus, will transition into the role of Executive Chair of Synopsys' Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 8:06 pm

MSFT

Microsoft's Xbox has introduced an enforcement strike system to promote responsible and respectful behavior within its gaming community. The system operates on a tiered suspension structure, with the severity of strikes determined by the nature and gravity of the offense. The new system complements existing content moderation measures by adding an extra layer of accountability. Players can monitor their enforcement history and strikes, and are encouraged to report potential violations of the Community Standards.

Portfolio Pulse from Franca Quarneti

August 16, 2023 | 5:19 pm

TLLTF

The Shinnecock Nation Tribe has announced that it will continue with its cannabis plans despite TILT Holdings' (OTC:TLLTF) decision to cut its social equity brands. The tribe is moving forward with the construction of its dispensary and is addressing unlicensed operators. TILT Holdings recently decided to cut ties with various brands that had a significant focus on diversity and social equity, a move that has been met with controversy.

Portfolio Pulse from Javier Hasse

August 16, 2023 | 4:36 pm

TSLA

Elon Musk's foundation has donated $10 million to the University of Texas for a project called the Population Wellbeing Initiative, which studies population trends. The donation is one of the largest made by the Musk Foundation. The foundation also donated to Georgetown University and the Massachusetts Institute of Technology for studies on artificial intelligence and pandemic preparedness. In 2022, Musk donated nearly $2 billion in Tesla Inc (NASDAQ:TSLA) shares to charity.

Portfolio Pulse from Chris Katje

August 16, 2023 | 4:04 pm

CAR

COIN

EMR

JD

META

MSFT

OXY

TGT

TJX

TSEM

WBA

Elon Musk's X is accused of slowing traffic to sites criticized by him, including Instagram, owned by Meta Platforms Inc. Coinbase Global Inc has received federal approval for new futures offering. Tower Semiconductor Ltd's deal with Intel Corp has been terminated due to US-China tensions. Occidental Petroleum Corp is set to acquire Carbon Engineering Ltd for $1.1 billion. Emerson Electric Co is acquiring Flexim. Target Corp, TJX Companies Inc, and JD.com Inc have reported their Q2 earnings. Microsoft Corp's Game Pass is shaping the $60B gaming industry. Avis Budget Group Inc has been fined $275K for refusing to rent vehicles to customers without credit cards. Walgreens Boots Alliance Inc is facing a reopened lawsuit accusing it of Medicaid fraud.

Portfolio Pulse from Vandana Singh

August 16, 2023 | 2:01 pm

META

NYT

Elon Musk's X, formerly Twitter, has been accused of intentionally slowing down traffic to sites criticized by Musk, including The New York Times and Meta Platforms Inc's Instagram. This could potentially lead to reduced traffic and advertising revenue for the affected websites. However, the issue seemed to be rectified by Tuesday afternoon. Musk has previously blocked links to competitors and revoked The New York Times' verification check mark.

Portfolio Pulse from Vandana Singh

August 16, 2023 | 1:27 pm

OXY

Occidental Petroleum Corp (NYSE:OXY) has signed a definitive deal to acquire all the outstanding equity of Carbon Engineering Ltd. for around $1.1 billion. The acquisition is expected to close by 2023 and is in line with Occidental's integrated net-zero strategy. The deal will allow Occidental to accelerate advanced direct air capture (DAC) technology breakthroughs and deployment of DAC as a global carbon removal solution.

Portfolio Pulse from Lekha Gupta

August 16, 2023 | 1:12 pm