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Corporate Responsibility

AVRO

Avrobio has announced that it will cease further development of its programs and will conduct a comprehensive exploration of strategic alternatives. This decision could potentially impact the company's future operations and financial performance.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 11:11 am

ANGO

AZTR

DIS

ICCC

MLKN

AngioDynamics is expected to post quarterly earnings of 2 cents per share on revenue of $90.73 million. Disney is exploring strategic options for its India digital and TV business. MillerKnoll is expected to have earned 39 cents per share on revenue of $945.56 million for the latest quarter. ImmuCell reported preliminary sales of $3.53 million for Q2, down from $3.86 million in the previous year. Azitra named Travis Whitfill as Chief Operating Officer.

Portfolio Pulse from Lisa Levin

July 12, 2023 | 8:06 am

GOOG

GOOGL

META

MSFT

TSLA

George Hotz, a top American security hacker, stated that Meta Platforms Inc. (META) CEO Mark Zuckerberg and Tesla Inc. (TSLA) CEO Elon Musk have a distinct decision-making power, which sets them apart from leaders like Sundar Pichai, CEO of Alphabet Inc. (GOOG, GOOGL). Hotz also expressed his perspective on Meta's potential to outpace Google in the AI race.

Portfolio Pulse from Ananya Gairola

July 12, 2023 | 8:05 am

DIS

Walt Disney Co. (NYSE:DIS) is reportedly considering different strategies for its Star India business, including potential partnerships or a sale. This comes as Disney and its competitors shift focus towards streaming services and away from traditional TV platforms. Star India's success was impacted last year when Disney lost streaming rights for the Indian Premier League cricket matches to Mukesh Ambani's Jio Cinema, which affected Star's Hotstar mobile streaming service. Despite lower earnings from its streaming services in India compared to the US, Disney aims to make its streaming business profitable by September 2024.

Portfolio Pulse from Shomik Sen Bhattacharjee

July 12, 2023 | 7:04 am

FFIE

Faraday Future Intelligent Electric (NASDAQ:FFIE) has flagged errors in its financial statements for 2022 and quarters ended March 2023 and September 2022, related to change in fair value upon conversion of notes issued by the company. The company is working on restating the financial statements and does not expect this to affect the delivery timeline of FF 91 2.0 Futurist Alliance. Jonathan Maroko has been appointed as the new interim CFO after Yun Han resigned.

Portfolio Pulse from Anan Ashraf

July 12, 2023 | 5:06 am

META

TSLA

Meta Platforms Inc (NASDAQ:META) CEO Mark Zuckerberg and Tesla Inc (NASDAQ:TSLA) CEO Elon Musk are reportedly preparing for a potential cage fight. Zuckerberg has been training with UFC champion Israel Adesanya, while Musk has been spotted training with UFC legend Georges St. Pierre. The rivalry between the two billionaires has been ongoing for over half a decade, with disagreements on various topics. Recently, Zuckerberg's new social media site, Threads, gained 70 million followers within a day of its launch, leading to accusations of misappropriation of Twitter’s trade secrets.

Portfolio Pulse from AJ Fabino

July 11, 2023 | 9:40 pm

OPTT

Ocean Power Technologies (OPT) has issued a statement in response to Paragon Technologies' proxy contest. The 2023 Annual Meeting of Shareholders has not yet been scheduled and OPT shareholders are not required to take any action at this time.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 9:37 pm

LSI

Life Storage's CFO, Alexander Gress, passed away unexpectedly on July 9, 2023. The company's board has appointed COO David Dodman as the new CFO, effective immediately. Dodman will continue to serve as COO in addition to his new CFO responsibilities.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 8:33 pm

PEBO

Peoples Bancorp has announced Tyler Wilcox as its new President and CEO, succeeding Chuck Sulerzyski effective from April 1.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 8:32 pm

DIS

Disney is exploring strategic options for its business in India, according to the Wall Street Journal. The company is considering various possibilities, including selling its stake or finding a strategic partner.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 8:28 pm