Streetbeat News

Corporate Responsibility

RIVN

TSLA

Ross Gerber, a former Tesla bull, has become critical of the company due to Elon Musk's behavior and Tesla's performance. Gerber has reduced his stake in Tesla and set a six-month deadline for improvement. He sees Tesla as overvalued and is considering exiting his position if performance doesn't improve.

Portfolio Pulse from Benzinga Neuro

September 02, 2024 | 5:01 am

AMZN

Concerns are rising over the influence of Jeff Bezos's Earth Fund and Amazon on the carbon credit market. The Bezos Earth Fund supports the Science Based Targets initiative (SBTi), which is reconsidering its approach to carbon offsets. Amazon is expanding its climate initiatives but faces criticism for not reporting certain emissions. The UK charity commission is advising SBTi on governance improvements.

Portfolio Pulse from Benzinga Neuro

September 02, 2024 | 2:46 am

COHR

Coherent Corp has appointed James R. Anderson as the new CEO, effective August 29, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 8:10 pm

DDC

DDC Enterprise has announced the appointment of Tony Tao as Co-CFO, as per an SEC filing. This leadership change could influence the company's financial strategies and operations.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 8:05 pm

BA

Boeing's new CEO, Kelly Ortberg, had a meeting with FAA Administrator Whitaker earlier this week, as reported by Reuters citing an agency official.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 7:41 pm

NTES

NetEase is reportedly closing its Tokyo-based Ouka Studios, known for the game Visions of Mana, due to strategic adjustments in response to market conditions. This move reflects a broader industry trend of adapting to changing market dynamics.

Portfolio Pulse from Franca Quarneti

August 30, 2024 | 6:27 pm

MSFT

OpenAI is contemplating changes to its corporate structure as it engages in new funding discussions. This development could have implications for Microsoft, which has a significant investment in OpenAI.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 6:19 pm

HAS

MAT

NTOIF

NTOIY

Lego plans to reduce oil content in its bricks by 2032, facing higher production costs due to the use of renewable and recycled materials. Competitors like Hasbro and Mattel are also exploring sustainable materials.

Portfolio Pulse from Vandana Singh

August 30, 2024 | 5:22 pm

EQNR

Equinor ASA is downsizing its renewables unit, shifting focus from growth to profitability, and will undertake fewer projects in fewer markets. The company is in talks with unions about the impact on employees.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 3:46 pm

TALO

Talos Energy's shares are trading lower following the announcement that President and CEO Tim Duncan has stepped down.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 2:22 pm