Streetbeat News

Corporate Responsibility

MSFT

OpenAI has hired James Kondo, former Twitter Japan Chief, to set up its Japan office. This move is expected to expand OpenAI's presence in the Japanese market.

Portfolio Pulse from Charles Gross

June 12, 2023 | 8:53 am

AMZN

MO

Senator Elizabeth Warren expressed concerns about large corporations like Amazon and Altria dominating the cannabis industry and emphasized the need for legalization policies that prioritize small businesses and communities affected by the war on drugs.

Portfolio Pulse from Maureen Meehan

June 11, 2023 | 6:17 pm

IEP

ILMN

Activist investor Carl Icahn has stated that new additions to Illumina's board, a CEO change, and a change of chairman should drive value for all stakeholders and improve human health.

Portfolio Pulse from Charles Gross

June 11, 2023 | 3:32 pm

ILMN

Illumina Inc. (NASDAQ:ILMN) announced the resignation of CEO Francis deSouza, effective June 11. Charles Dadswell, SVP and General Counsel, has been named interim CEO while the board searches for a new CEO. DeSouza will stay on as an advisor until July 31, 2023.

Portfolio Pulse from Charles Gross

June 11, 2023 | 1:20 pm

META

Meta Platforms CEO Mark Zuckerberg discussed the potential of Large Language Models (LLMs) like OpenAI's chatGPT to revolutionize small businesses and solopreneurs in an interview. He emphasized the importance of openness and collaboration in AI development and acknowledged the complexity of decision-making as AI models approach superintelligence.

Portfolio Pulse from Ananya Gairola

June 10, 2023 | 10:00 pm

META

Meta Platforms Inc. CEO Mark Zuckerberg discussed the importance of embracing embarrassment for personal and professional growth during a podcast interview. He related this philosophy to his practice of Jiu-Jitsu and how it applies to Meta's ambitious initiatives, focusing on rapid product releases and prioritizing feedback over perfection.

Portfolio Pulse from Ananya Gairola

June 10, 2023 | 4:00 pm

META

Mark Zuckerberg, CEO of Meta Platforms Inc. (NASDAQ:META), praised Elon Musk's Twitter for its Community Notes feature, which promotes transparency and collaborative context-sharing to combat misleading information. Zuckerberg emphasized the importance of focusing on harmful content and acknowledged Twitter's effectiveness in handling such issues compared to Instagram.

Portfolio Pulse from Ananya Gairola

June 10, 2023 | 3:09 pm

JPM

VZ

The New York State Legislature has passed the Clean Slate Act, which will automatically seal certain criminal records after a waiting period. The bill is intended to prevent discrimination against formerly incarcerated individuals and provide greater opportunities through increased job security and access to stable housing. Major companies like JPMorgan Chase (JPM) and Verizon (VZ) have endorsed the legislation, stating that it would boost the state's economy and make New York more competitive.

Portfolio Pulse from Maureen Meehan

June 10, 2023 | 2:48 pm

META

TSLA

Meta Platforms Inc. CEO Mark Zuckerberg praised Tesla CEO Elon Musk's actions at Twitter, including laying off thousands of employees and making the platform more technical. Despite Musk's criticism of Zuckerberg, the Meta CEO acknowledged that Musk's actions prompted industry-wide reflection on the effectiveness of similar principles.

Portfolio Pulse from Ananya Gairola

June 10, 2023 | 7:40 am

RIVN

Rivian Automotive (NASDAQ:RIVN) is closer to powering its vehicles with wind energy, as the final components for its on-site wind turbine arrived at its manufacturing plant in Normal, Illinois. The turbine, developed in partnership with Apex Clean Energy, is expected to generate about 10 million kWh of electricity annually and help Rivian reach net-zero carbon emissions by 2040.

Portfolio Pulse from Anan Ashraf

June 10, 2023 | 4:31 am