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Corporate Responsibility

LNZA

GAIL (India) Limited and LanzaTech Global, Inc. (NASDAQ:LNZA) have entered a strategic partnership to explore technology solutions that advance GAIL's Net Zero 2040 goals. The partnership will explore setting up a pilot scale CO2 capture and conversion project, combining LanzaTech's carbon capture and utilization technology with GAIL's renewable H2 and CO2 gas streams. The project aims to convert CO2 into useful materials instead of emitting it to the atmosphere.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 12:03 pm

LUMN

T

VZ

AT&T, Verizon, and Lumen Technologies stocks are trading higher after AT&T announced that less than 10% of its nationwide copper-wire telecom network has lead-clad cables. This comes in response to a story last week indicating that several telecom giants have networks of underground cables covered in toxic lead. AT&T and Verizon have lost 14% and 10% of their stock value, respectively, since the report on July 9.

Portfolio Pulse from Anusuya Lahiri

July 19, 2023 | 11:31 am

LYB

LyondellBasell has acquired a 50% stake in Stiphout Industries B.V., a Dutch company involved in the sourcing and processing of post-consumer plastic packaging waste. The company operates a facility in the Netherlands with an annual processing capacity equivalent to the waste generated by over 500,000 Dutch citizens per year.

Portfolio Pulse from Charles Gross

July 19, 2023 | 11:28 am

PPRUF

PPRUY

Kering SA announced the departure of Gucci CEO Marco Bizzarri effective September 25. Jean-Francois Palus, the current managing director, will take over as CEO and president for a transitional period. Francesca Bellettini, current President and CEO of Yves Saint Laurent, has been appointed as Deputy CEO. The company also disclosed other top management changes.

Portfolio Pulse from Lekha Gupta

July 19, 2023 | 10:23 am

GOOG

GOOGL

Google, a subsidiary of Alphabet Inc., has initiated a pilot program to bolster its cybersecurity measures. The program involves restricting certain employees to internet-free desktop PCs to mitigate the risk of unauthorized changes or installations that could lead to potential vulnerabilities. The company plans to disable internet access on designated devices, except for essential internal web-based tools and Google-owned websites. The initiative aims to reduce the likelihood of cyber attackers remotely executing arbitrary code or gaining unauthorized access to sensitive data.

Portfolio Pulse from Ananya Gairola

July 19, 2023 | 9:25 am

T

AT&T has announced that less than 10% of its nationwide copper-wire telecom network consists of lead-clad cables. This announcement comes in response to a story from last week. The company's shares are trading higher following this news.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 9:11 am

VLVLY

WPRT

Volvo and Westport Fuel System have signed a letter of intent to establish a joint venture aimed at reducing CO2 emissions from long-haul transport. The partnership will leverage Westport's high-pressure direct injection technology to develop next-generation engines.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 5:50 am

TSLA

Tesla Inc. plans to install a solar 'cyber canopy' over its new supercharger in Massachusetts, amid a heatwave in the US. The supercharger with 20 stalls will be located near Canton. The move aligns with Tesla's long-term vision of supercharger locations powered by solar and batteries, as stated by CEO Elon Musk. The details of the cyber canopy are not yet available.

Portfolio Pulse from Anan Ashraf

July 19, 2023 | 4:36 am

RPID

Rapid Micro Biosystems has appointed Kirk Malloy as the Chair of its Board of Directors. Jeffrey Schwartz, the previous Board Chair, will continue to serve as a member of the Board and as Chair of the Nominating and Corporate Governance Committee. This appointment brings the total number of directors on the Company's Board to eight.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 9:22 pm

DIS

The Walt Disney Company (NYSE:DIS) has promoted Alexia Quadrani to Executive Vice President, Investor Relations. Quadrani will continue to serve as Disney's primary information liaison to the global investment community and will be responsible for expanding the company's relationships with investment analysts and investors worldwide. Prior to joining Disney, Quadrani served as Managing Director and Senior Analyst, U.S. Media Equity Research at J.P. Morgan for 14 years.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 9:01 pm