Streetbeat News

Corporate Responsibility

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GOOG

GOOGL

IBM

JPM

PFE

TSLA

A Pew Research Center study found that 19% of American workers are in jobs with high exposure to AI, while 23% are in jobs with low exposure. Workers with a bachelor's degree or more, women, and Asian and White workers were among those who faced the most exposure. High-wage workers were more likely to hold jobs with high exposure to AI. Several publicly-traded companies, including Amazon, JPMorgan Chase, Ford, Tesla, IBM, Pfizer, and Alphabet, could see their workforces significantly impacted by AI.

Portfolio Pulse from AJ Fabino

August 04, 2023 | 4:47 pm

PEP

WMT

PepsiCo and Walmart have announced a 7-year collaboration to invest $120 million in regenerative agriculture. PepsiCo has been criticized for not providing details on its progress towards its goal of reaching 20% reusable beverage packaging and for increasing its total plastic use. PepsiCo has also won a trademark infringement lawsuit filed by Rise Brewing Co.

Portfolio Pulse from Mohit Manghnani

August 04, 2023 | 4:23 pm

DKNG

DraftKings CEO, Jason Robins, has announced that the company has made significant improvements to the customer experience. No specific details were provided in the announcement.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 4:05 pm

General Motors Co (NYSE:GM) has appointed Jess Bala, former director of global product planning and product strategy at Cadillac, as the managing director of its Australia and New Zealand division, effective from September 1, 2023. Bala will replace Marc Ebolo and will lead operations including Isuzu New Zealand, GM specialty vehicles, and Chevrolet racing. Bala has over 15 years of experience in implementing product strategies, including the introduction and positioning of electric vehicles.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 3:41 pm

GOOG

GOOGL

Google is offering a 'Summer Special' for employees to stay at an on-campus hotel in Mountain View, California, for $99 a night, in an attempt to encourage workers to return to the office. The offer is not for approved business travel, so employees will have to pay for their stays. Some employees have expressed skepticism about the deal, pointing out that it would amount to roughly $3,000 a month. Google has been pushing for employees to return to the office, citing high housing costs near offices and higher productivity while working remotely.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 3:36 pm

NKLA

Nikola Corp announced a sudden change in CEO and reported mixed results for the second quarter, leading to a drop in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:29 pm

NKLA

Nikola Corporation has appointed Stephen Girsky as its new CEO. The move comes amid a period of significant change for the company.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:15 pm

META

Mark Zuckerberg, CEO of Meta Platforms Inc, has sparked speculation and amusement by sharing a WhatsApp conversation with his wife, Priscilla Chan, about a new octagon-shaped fighting cage in their backyard. Zuckerberg's enthusiasm for MMA and fitness is well-known, but his wife expressed concern about the impact on their grass. The tech mogul's fitness journey includes martial arts and a 4,000-calorie daily diet.

Portfolio Pulse from Sudhanshu Singh

August 04, 2023 | 3:13 pm

CRLBF

GTBIF

Cannabis workers at Sunnyside, a subsidiary of Cresco Labs (OTCQX:CRLBF), have voted to join Teamsters Local 777, making it the fifth Cresco location to do so. The Teamsters union has been gathering more cannabis industry workers to push for better industry conditions. Other recent Teamster activities include workers at Bloc Dispensary, a subsidiary of Justice Cannabis Company, and workers at Growpacker, Amuse, and RISE dispensaries joining the union.

Portfolio Pulse from Vuk Zdinjak

August 04, 2023 | 3:13 pm

BABA

Alibaba Group Holding Limited (NYSE:BABA) has been in the news for its artificial intelligence (AI) offerings and organizational restructuring initiatives. The company's cloud unit showcased two large language models (LLMs) as part of its efforts to democratize AI technology. Alibaba's cloud unit is preparing for a spin-off from its parent in 2024. Meanwhile, Alibaba's logistic arm Cainiao Network launched a half-day express delivery service in eight major Chinese cities. Cainiao plans to pursue an initial public offering in the next 12 to 18 months.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 3:09 pm