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Corporate Responsibility

VSAT

Viasat has reported an unexpected event during the deployment of its ViaSat-3 Americas satellite, which may significantly impact its performance. The company is currently refining contingency plans to minimize the economic impact.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 8:40 pm

Coca-Cola Company and eight global bottling partners have established a $137.7 million venture capital fund for sustainability investments. The fund, managed by Greycroft, will focus on packaging, decarbonization, and other initiatives to reduce carbon footprint. The bottlers' $15 million committed capital represents nearly half of Coca-Cola system volume worldwide. The fund will invest in companies at the point of commercialization.

Portfolio Pulse from Shivani Kumaresan

July 12, 2023 | 6:51 pm

TMP

Tompkins Financial has appointed Matthew Tomazin as its new CFO, effective from October 1, 2023.

Portfolio Pulse from Charles Gross

July 12, 2023 | 6:10 pm

TSLA

An internal probe by Tesla Inc (NASDAQ:TSLA) is investigating the secretive “Project 42”, which is rumored to be a house for CEO Elon Musk, located in Texas, near the Tesla headquarters. The project involves the construction of a large glass building. Tesla board members are investigating if the project has been misusing company funds, particularly a large purchase for specialized glass costing millions of dollars. The outcome of the investigation is not yet known.

Portfolio Pulse from Chris Katje

July 12, 2023 | 4:31 pm

AMD

INTC

QCOM

Schneider Electric has partnered with Intel and Applied Materials to launch the Catalyze program, aimed at decarbonizing the semiconductor value chain. The initiative will focus on energy efficiency, renewable energy, and circular economy solutions.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 4:04 pm

HCTI

Healthcare Triangle has launched a ransomware initiative aimed at protection and prevention for healthcare providers. This has led to an increase in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 2:25 pm

HCTI

Healthcare Triangle, Inc (NASDAQ:HCTI) has launched a new initiative aimed at preparing healthcare organizations with tools and guidance for preventing and responding to ransomware incidents. The initiative includes education workshops, risk assessment, recommendations for effective tools and processes, backup and recovery plans, and continuous monitoring among others. This comes in response to the doubling of ransomware attacks on the U.S. healthcare sector from 2016 to 2021.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 2:15 pm

LPSN

LivePerson announced a planned CEO transition, which has led to its shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 2:12 pm

ATVI

AVGO

BRK-A

COIN

COTY

DIS

DPZ

GOOG

HYMTF

IBM

MSFT

NVO

TAK

Disney is considering different strategies for its Star India business, which could include partnering with another company or even selling it. Kim Kardashian is reportedly in negotiations to buy back the minority stake in her beauty company, SKKN BY KIM, from Coty Inc. KPMG is reportedly looking to invest around $2 billion in AI and cloud services across its global business lines over the next five years. CVS's Caremark business experienced a halt in prescription processing. Ark Invest sold 135,152 shares of Coinbase Global Inc. Faraday Future Intelligent Electric flagged errors in its previously issued financial statements. The European Commission has fined Illumina Inc and Grail Inc for implementing their proposed merger before approval. Activision Blizzard Inc stock is trading lower amid reports of a possible new investigation on the Microsoft Corp takeover deal. Broadcom Inc won conditional approval from the European Commission to complete its acquisition of VMware. Domino's Pizza Inc entered a new global agreement with Uber Technologies Inc. Takeda Pharmaceutical Co Ltd is voluntarily withdrawing its marketing application for its dengue vaccine. Google quietly ditched its AI-powered mobile chatbot app, Bubble Characters. Warren Buffett's Berkshire Hathaway stood to make a profit of over $1 billion following the court's decision to allow Microsoft Corp to proceed with its acquisition of Activision Blizzard. IBM is weighing the use of artificial intelligence chips designed in-house to lower the costs of operating a cloud computing service. Novo Nordisk A/S's weight-loss drug, Wegovy, saw a significant drop in adherence compared to what was reported in clinical trials. Microsoft Corp has revealed that a China-based hacking group, Storm-0558, breached email accounts linked to government agencies in Western Europe. Hyundai Motor Company unionized workers at its plants across South Korea reportedly staged the first strike in five years against the government's labor policies.

Portfolio Pulse from Vandana Singh

July 12, 2023 | 1:48 pm