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GOOG

GOOGL

Google's DeepMind is transitioning from a research lab to a commercial AI product factory, merging its AI labs to focus on developing commercial services. This move aims to outpace competitors like Microsoft but risks disrupting Google's foundational AI research culture.

Portfolio Pulse from Benzinga Neuro

June 18, 2024 | 4:10 am

TSLA

Elon Musk announced that he is working on Tesla's fourth Master Plan, which he described as 'epic.' Previous Master Plans have focused on various strategic goals, including vehicle development, energy integration, and large-scale electrification. The new plan's focus is not yet clear, but it follows recent discussions on robotics and vehicle autonomy.

Portfolio Pulse from Anan Ashraf

June 18, 2024 | 3:24 am

CHGG

Chegg, Inc. (NYSE:CHGG) announced a restructuring plan that includes a 23% headcount reduction, a new brand and marketing strategy, and a focus on international programs. The company expects to save $40-$50 million in 2025 and incur a $10-$14 million charge related to the restructuring. Shares are up 23.56% after-hours.

Portfolio Pulse from Erica Kollmann

June 17, 2024 | 9:11 pm

CHGG

Chegg shares are trading higher following the announcement of a restructuring plan that includes headcount reduction, a new brand and marketing strategy, and increased resources for its international program.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 8:37 pm

CHGG

Chegg shares are trading higher following the announcement of a restructuring plan that includes headcount reduction, a new brand and marketing strategy, and increased resources for its international program.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 8:37 pm

CHGG

Chegg announced a restructuring plan to reduce its global headcount by 23%, aiming to become a leaner and more efficient organization. The company expects to save $40M-$50M in non-GAAP expenses by 2025. The restructuring includes the departure of 441 employees and the closure of two offices outside the U.S., with a $10M-$14M charge expected.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 8:36 pm

JELD

JELD-WEN Holding, Inc. (NYSE:JELD) announced that Samantha L. Stoddard will succeed Julie C. Albrecht as EVP and CFO effective July 1, 2024. Albrecht will step down on June 30 and will serve in an advisory capacity to ensure a smooth transition.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 8:33 pm

CTMX

CytomX Therapeutics has promoted Chris Ogden to the position of Chief Financial Officer, effective June 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 8:16 pm

AMIX

Autonomix Medical, Inc. (NASDAQ: AMIX) has announced changes to its executive leadership team. Brad Hauser has been appointed as President and CEO, while former President and CEO Lori Bisson has been appointed as Executive Vice Chairman.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 8:13 pm

IRTC

iRhythm Technologies has achieved a significant milestone by launching the initial phases of its previously disclosed manufacturing automation plans.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 8:12 pm