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Corporate Responsibility

DIS

Walt Disney Co. (NYSE:DIS) is shifting its expansion plans from Florida to California due to its ongoing feud with Florida's Governor Ron DeSantis over the 'Don't Say Gay' law. Disney has scrapped a $1 billion project in Orlando and is instead focusing on its Disneyland Forward project in Anaheim, California, which is expected to generate $253 million annually and create 2,200 new jobs.

Portfolio Pulse from Shanthi Rexaline

July 13, 2023 | 12:43 pm

ORGS

Orgenesis Inc. (NASDAQ:ORGS), a global biotech company, has announced the appointment of Elliot Maltz as its new Chief Financial Officer, effective from September 1, 2023. Maltz, who has 16 years of experience in accounting and corporate finance, will succeed Neil Reithinger. Maltz previously served as the CFO of Gelesis, Inc., where he led several fundraising and operational initiatives.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 12:41 pm

SURG

SurgePays, Inc. (NASDAQ:SURG) has responded to a recent report containing errors and misleading content, stating it is a deliberate attempt to undermine the company's work. The company confirmed its compliance with the Affordable Connectivity Program and stated that its accounting records are accurate. The company expects to report a net income of over $6 million in the second quarter.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 12:33 pm

DIS

Shares of Walt Disney Co. (NYSE:DIS) advanced in premarket trading following the announcement that CEO Bob Iger's term has been extended for two more years until the end of 2026. KeyBanc Capital Markets analyst Brandon Nispel considers the extension neutral to the stock, noting that the company may have faced challenges in finding a suitable replacement for Iger. The extension allows Iger more time to implement significant restructuring and cost-saving initiatives across various business segments.

Portfolio Pulse from Shanthi Rexaline

July 13, 2023 | 11:11 am

BLK

BlackRock Inc. (NYSE:BLK) has come under scrutiny following controversial statements made by its technology recruiter, Serge Varlay. Varlay claimed that financial institutions, including BlackRock, exert significant influence over politics through campaign financing. He also suggested that ongoing conflicts, such as the Russia-Ukraine war, are beneficial for business due to the resulting market volatility. Following the release of the video in which these statements were made, Varlay deactivated his LinkedIn profile.

Portfolio Pulse from Caleb Naysmith

July 13, 2023 | 11:04 am

NEE

SYY

NextEra Energy Resources and Sysco Corporation have announced a collaboration to reduce Sysco's carbon emissions. NextEra, a leading generator of renewable energy, will develop tailored solutions to support Sysco's sustainability goals.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 10:57 am

DIS

Disney has announced the extension of Bob Iger's contract as CEO through 2026, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 10:41 am

BABA

Alibaba's food delivery platform, Ele.me, has signed a collective contract on wages and labor safety with its staff. The contract will apply to 3 million workers.

Portfolio Pulse from Charles Gross

July 13, 2023 | 10:15 am

MSFT

TSLA

George Hotz, a renowned hacker, commented on Andrej Karpathy's move from Tesla to OpenAI during a podcast interview. Hotz, who challenged Tesla's Autopilot software in 2015, acknowledged Karpathy's talent but warned against his decision to join OpenAI. Karpathy had resigned as Tesla's director of AI in mid-May 2022 and announced his move to OpenAI in February. Elon Musk, who initially established OpenAI as a non-profit, stepped down from its board in 2018 due to potential conflicts with Tesla's AI initiatives.

Portfolio Pulse from Ananya Gairola

July 13, 2023 | 9:33 am

CAG

DAL

DIS

PGR

STRC

Delta Air Lines, Sarcos Technology and Robotics Corporation, Conagra Brands, The Walt Disney Company, and The Progressive Corporation are stocks to watch heading into Thursday. Delta Air Lines and Conagra Brands are expected to post quarterly earnings, while Sarcos Technology has reported preliminary revenue of $1.3 million for Q2 and withdrawn its full-year revenue forecast. Disney has extended Bob Iger's contract as CEO through 2026, and The Progressive Corporation is also expected to report quarterly earnings.

Portfolio Pulse from Lisa Levin

July 13, 2023 | 8:08 am