Streetbeat News

Corporate Responsibility

META

During a conference call, Meta's CEO stated that the company should receive a portion of the revenue generated from the use of llamas, although he clarified that it would not constitute a significant amount of revenue in the near term.

Portfolio Pulse from Charles Gross

July 26, 2023 | 9:45 pm

HTZ

Hertz has appointed Alexandra Brooks as its new Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 9:13 pm

ENVX

Enovix Corporation has established a research and design center in India. This move is expected to expand the company's global footprint and enhance its research and development capabilities.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:50 pm

SCHN

Schnitzer Steel Industries, Inc. has rebranded itself as Radius Recycling to better reflect its vision, purpose, and impact on the circular economy. The company's stock symbol, SCHN, remains unchanged.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:45 pm

PTC

PTC Inc. has announced that Neil Barua will succeed James Heppelmann as the company's CEO. No further details were provided in the article.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:34 pm

MSFT

NVDA

PLTR

Palantir CEO, Alexander Karp, has compared the potential harm of artificial intelligence (AI) to the atomic bomb, suggesting that developers may only realize the technology's potential harm once it's too late. Karp argues for a regulatory framework to ensure the technology is developed positively. He also mentioned the possibility of AI being combined with advanced weapons systems. Stocks like Microsoft and NVIDIA, which are involved in AI, have seen significant rallies in 2023.

Portfolio Pulse from Aaron Bry

July 26, 2023 | 7:56 pm

DB

GOOG

JPM

New details have emerged linking Alphabet Inc co-founder Sergey Brin and Jeffrey Epstein, months after Brin was subpoenaed in a lawsuit. The lawsuit alleges that Epstein brought several wealthy clients to JPMorgan Chase, including Brin. Court documents also show Epstein introducing Larry Page to JPMorgan. The Virgin Islands government is seeking $190 million in its lawsuit, claiming that JPMorgan benefitted from Epstein's wealthy clients while ignoring his sex-trafficking ring. Deutsche Bank previously announced a $75 million settlement with Epstein's victims, while JPMorgan has reached settlements of $150 million with Epstein's victims and a separate settlement of $290 million with Epstein victim 'Jane Doe'.

Portfolio Pulse from Chris Katje

July 26, 2023 | 5:22 pm

PEP

WMT

Pepsico and Walmart have announced a 7-year collaboration to invest $120M in supporting U.S. and Canadian farmers. The aim is to enable and accelerate the adoption of regenerative agriculture practices on more than 2 million acres of farmland.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 3:05 pm

FLGC

Flora Growth Corp. (NASDAQ:FLGC) is selling its Colombian subsidiaries and assets to a private company for CA$800,000 ($605,000). The sale includes all of Flora's operations in Colombia and is expected to close by July 31, 2023. The company anticipates annual savings of $6.1 million from this and other strategic changes. Flora's 2023 revenue guidance, which included estimates relating to the Colombian assets, is being reevaluated. Matthew Cohen, general counsel, has resigned from the company.

Portfolio Pulse from Vuk Zdinjak

July 26, 2023 | 2:40 pm

BA

Boeing's CEO has stated that the company's focus remains on execution and driving stability in production and supply chain, and they are making steady progress.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 2:38 pm