Streetbeat News

Corporate Responsibility

AVGO

INTC

IVV

TSM

VOO

Intel's CFO expects significant revenue from its contract chip manufacturing by 2027, despite recent setbacks including a failure to impress Broadcom and losing out to TSMC. Intel's stock has dropped significantly over the past year, and the company is considering strategic changes. Investors can gain exposure to Intel through ETFs like VOO and IVV.

Portfolio Pulse from Anusuya Lahiri

September 05, 2024 | 4:37 pm

SPY

Donald Trump plans to announce economic proposals, including a government efficiency commission recommended by Elon Musk, a corporate tax rate cut to 15% for U.S. manufacturers, and rescinding unspent funds from the Biden administration.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:48 pm

BMWYY

F

Major automakers like Volkswagen, BMW, and Ford are exploring the use of hemp in vehicle manufacturing to enhance sustainability and reduce carbon emissions. This initiative aligns with the growing demand for eco-friendly products.

Portfolio Pulse from El Planteo

September 05, 2024 | 3:21 pm

BAC

FTXO

KBWB

Bank of America is making a significant investment in carbon capture technology, investing $205 million in exchange for tax credits from Harvestone Low Carbon Partners. This move is part of a broader strategy to support climate technology and aligns with enhanced tax credits from the 2022 climate law. The investment highlights confidence in the Biden administration's climate policies.

Portfolio Pulse from Lekha Gupta

September 05, 2024 | 12:45 pm

MITK

Hammana Partners, a stockholder of Mitek Systems, urges other shareholders to vote against the re-election of all six board directors due to poor governance and mismanagement. They criticize the board for failing to address capital allocation and operational issues, and for the destruction of stockholder value.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:38 pm

XWEL

XWELL has appointed Ezra T. Ernst as the new CEO, succeeding Scott Milford, who will remain in a consultative role until the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:05 pm

SPY

TSLA

Donald Trump plans to introduce a government efficiency commission recommended by Elon Musk, aiming to audit the federal government and propose reforms. He will also advocate for lower corporate taxes and significant regulation cuts.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:01 pm

OPT

Opthea Limited (NASDAQ:OPT) has appointed Daniel Geffken as interim CFO, effective September 9, 2024, succeeding Peter Lang. This change is part of Opthea's strategic moves to enhance its expertise and readiness for the Phase 3 data readout of sozinibercept in 2025.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 10:06 am

HON

Honeywell has announced that Mike Stepniak will succeed Greg Lewis as Senior Vice President and CFO. Lewis will transition to Senior Vice President of Honeywell Accelerator and serve as a Senior Advisor to the CEO.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 10:03 am

GM

Ultium Cells, a joint venture between General Motors and LG Energy Solution, has agreed to union recognition at its Tennessee battery plant. This move follows a similar unionization at its Ohio plant, where workers secured a significant pay increase. The unionization is part of a broader UAW effort to organize non-union automakers and battery workers in the U.S.

Portfolio Pulse from Anan Ashraf

September 05, 2024 | 9:21 am