Streetbeat News

Corporate Responsibility

AAPL

SPY

Apple has announced that it will adopt the voluntary AI safeguards established by the Biden administration. This move aligns Apple with the government's efforts to ensure responsible AI development and usage.

Portfolio Pulse from charles@benzinga.com

July 26, 2024 | 9:34 am

TSLA

Tesla has warned customers against using wet cloths on supercharger cables to speed up charging, citing risks of overheating and damage. The company also reported a slowdown in the growth rate of its supercharger network, which has been impacted by recent layoffs. However, Tesla plans to invest $500 million in expanding the network this year.

Portfolio Pulse from Anan Ashraf

July 26, 2024 | 6:58 am

VSAT

Viasat has announced a restructuring of its reporting segments to better align with its diverse markets. Starting from the first quarter of fiscal year 2025, the company will report its financial results under two new segments: Communication Services and Defense and Advanced Technologies.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 6:20 am

PEP

Richard Montañez, a former janitor at Frito-Lay, has filed a defamation lawsuit against PepsiCo Inc. (NASDAQ:PEP) and Frito-Lay, claiming he invented Flamin' Hot Cheetos and that the companies' false information and alleged racism have damaged his career. The lawsuit follows a Los Angeles Times article that discredited Montañez's claims, leading to a decline in his public speaking and consulting opportunities. PepsiCo is also facing other challenges, including weaker-than-expected revenue and product recalls.

Portfolio Pulse from Benzinga Neuro

July 26, 2024 | 5:33 am

TSLA

Elon Musk and Stephen King engaged in a humorous exchange on social media, with King challenging Musk to a joke-off. This banter follows previous interactions between the two, including comments on Musk's acquisition of Twitter, now rebranded as X.

Portfolio Pulse from Ananya Gairola

July 26, 2024 | 4:35 am

BTCUSD

PLTR

Paul Krugman highlighted J.D. Vance's connections with the tech industry, particularly with figures like Peter Thiel, as Vance becomes Trump's running mate. Vance's venture capital background and his support from the tech community are under scrutiny.

Portfolio Pulse from Benzinga Neuro

July 26, 2024 | 2:28 am

TSLA

Elon Musk's transgender daughter, Vivian Wilson, has publicly criticized her father for his unsupportive and harsh behavior. Wilson refuted Musk's claims that he was 'duped' into approving her trans-related medical procedures and described him as a neglectful and self-centered parent.

Portfolio Pulse from Shivdeep Dhaliwal

July 26, 2024 | 1:40 am

ATR

AptarGroup Inc. (ATR) announced that CFO Bob Kuhn will retire at the end of this year. Vanessa Kanu has been named as the next CFO, effective January 1, 2025. She will join the company in the fourth quarter of 2024 as CFO designate.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 9:23 pm

CAE

CAE announced that CFO Sonya Branco will step down at the end of August to pursue other interests. Constantino Malatesta has been named as the interim CFO.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 9:06 pm

AAOI

Applied Optoelectronics, Inc. (NASDAQ:AAOI) confirmed that its operations were not materially impacted by Typhoon Gaemi, with no known damage to its facilities.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:46 pm