Streetbeat News

Corporate Responsibility

GOOGL

MSFT

Over 350 AI experts, including Sam Altman, CEO of OpenAI, and Kevin Scott, CTO of Microsoft, have signed a joint statement warning that AI technology's risk of extinction is on par with threats like pandemics and nuclear catastrophes. The statement calls for global prioritization of measures to mitigate the existential risk.

Portfolio Pulse from AJ Fabino

May 30, 2023 | 4:15 pm

USDTUSD

Tether (CRYPTO: USDT) is venturing into renewable energy by partnering with a local company to launch sustainable Bitcoin mining operations in Uruguay. The country generates 94% of its electricity from renewable sources, providing an ideal environment for clean energy production.

Portfolio Pulse from Jose Rodrigo Safdiye

May 30, 2023 | 4:12 pm

MNMD

The proxy battle between MindMed (NASDAQ: MNMD) and shareholder group FCM MM Holdings LLC intensifies as both sides seek validation from independent sources for their positions on the company's future. FCM criticizes MindMed's budget allocations, executive compensation, and management experience, while MindMed claims to be well-positioned for growth.

Portfolio Pulse from Lara Goldstein

May 30, 2023 | 3:51 pm

STLA

Stellantis announced its first ACC battery gigafactory in France, aiming to produce 120 GWh of batteries by 2030. The facility will support the company's goal of electrifying its entire lineup by 2025.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 3:35 pm

HPQ

The International Imaging Technology Council (IITC) has filed a complaint with the Global Electronics Council against HP for false Electronic Product Environmental Assessment Tool (EPEAT) certification.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 3:28 pm

PTON

Peloton is transitioning its sales team away from commission-based compensation plans, affecting both retail showroom and inside sales employees. The company is increasing base pay to offset the loss in commission pay, and sales goals will still be in place.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 3:16 pm

WIX

Wix.com's Executive Chairman, Mark Tluszcz, stated that AI will continue to play a significant role in the company's operations, with around 200 AI models currently integrated into their product stack.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 3:14 pm

BFRI

Biofrontera Inc. (NASDAQ:BFRI) has named its founder and Executive Chairman, Hermann Luebbert, as CEO. Luebbert plans to drive profitability, expand the company beyond sales and marketing, and establish in-house R&D capabilities. The company will also focus on pursuing new products and technologies through acquisitions and licensing transactions.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 1:19 pm

AMZN

Amazon has delayed its pledge to make 50% of its shipments net-zero carbon by 2030, pushing the goal to 2040. The company had underestimated its carbon footprint and is committed to cutting emissions through electric delivery vans and renewable energy.

Portfolio Pulse from Anusuya Lahiri

May 30, 2023 | 12:59 pm

TSLA

Tesla CEO Elon Musk visits China for the first time in three years, focusing on the Giga Shanghai factory and meeting key Chinese officials. The visit is crucial for Tesla's expansion in the world's largest EV market amid intensifying competition from domestic companies like BYD, Nio, and Xpeng.

Portfolio Pulse from Shanthi Rexaline

May 30, 2023 | 12:45 pm