Streetbeat News

Corporate Responsibility

AMZN

RIVN

Amazon.com has rolled out over 5,000 custom electric delivery vans across the U.S. as part of its commitment to decarbonize its delivery fleet. The electric vans are from Rivian.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 1:11 pm

AMZN

RIVN

Amazon has rolled out over 5,000 custom electric delivery vans across the U.S., as part of its commitment to achieve net-zero carbon by 2040. The company partnered with Rivian to bring 100,000 electric delivery vehicles on the road by 2030. Amazon's custom electric vans are now delivering in more than 800 U.S. cities. The company also plans to invest more than 1 billion euros over the next five years to further electrify and decarbonize its transportation network across Europe.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 1:10 pm

SSTK

Shutterstock, Inc. (NYSE:SSTK) has announced its offering to provide enterprise customers with full indemnification for the license and use of generative AI images on its platform. The company will fulfill indemnification requests on demand via human review to protect its customers against potential claims related to their use of generative AI images. This move follows Shutterstock's recent launch of its AI Design Assistant and DALL·E-powered AI Image Generator. The company has also partnered with NVIDIA, Meta, OpenAI, LG and other tech industry leaders to develop foundational generative AI tools and standards.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 1:05 pm

BYDDF

BYDDY

TSLA

Tesla, Inc. (NASDAQ:TSLA) and BYD Company Limited (OTC:BYDDY) (OTC:BYDDF) have signed a commitment to fair competition and to enhance 'core socialist values' in the Chinese auto market, aiming to end the price war that has affected the EV industry. This comes after Tesla's record-breaking second-quarter deliveries in China, which were achieved through price cuts and promotional efforts. The commitment highlights Tesla's resilience in China, despite strained U.S.-China relations and intensifying competition in the domestic market.

Portfolio Pulse from Shanthi Rexaline

July 06, 2023 | 1:01 pm

EWU

TSCDF

TSCDY

Tesco plc, Britain's largest private-sector employer, plans to provide its 310,000 U.K. workers with virtual appointments with a private family doctor. This move is in response to Britain's tight labor market and the strain on the National Health Service (NHS) due to the COVID-19 pandemic and an aging population. The new employee benefits package will also extend to their families, offering unlimited appointments with a general practitioner (GP) seven days a week.

Portfolio Pulse from Vandana Singh

July 06, 2023 | 11:44 am

LILM

Lilium has successfully completed the fourth and final Design Organization Approval (DOA) audit by the European Union Aviation Safety Agency (EASA). This is a key milestone in Lilium's progress towards becoming an EASA DOA holder, a requirement for aircraft manufacturers.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 11:32 am

FIS

WP

Charles Drucker will become the CEO of Worldpay after the closing of the GTCR transaction. FIS may also be mentioned in the article.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 10:58 am

FLR

Fluor Corporation (NYSE:FLR) has signed a memorandum of understanding (MOU) with carbon dioxide mineral storage operator, Carbfix, to pursue integrated carbon capture and storage (CCS) solutions. The companies aim to help decarbonize industries with high greenhouse gas emissions. Fluor will provide its proprietary Econamine FG Plus carbon capture technology and its engineering, procurement and construction experience. Financial terms were not disclosed.

Portfolio Pulse from Shivani Kumaresan

July 06, 2023 | 10:51 am

OPAD

Offerpad Solutions has announced that Jawad Ahsan will take over as Chief Financial Officer from Michael Burnett, effective July 10. Burnett will remain with the company in an advisory capacity until August 1.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 10:33 am

HSTO

Histogen has decided to pause further development of its programs and commence exploring strategic alternatives. This decision has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 9:39 am