Streetbeat News

Corporate Responsibility

CARR

Carrier has partnered with the Department of Energy to develop next-generation heat pump technologies aimed at increasing efficiency in light commercial rooftop units. This initiative will benefit schools, retail, and office spaces.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:46 pm

AON

Aon (NYSE:AON) has launched a $350 million war risk insurance scheme in partnership with a U.S. development agency to support Ukrainian businesses amid the ongoing conflict with Russia. The initiative aims to bolster Ukraine's wartime economy and attract foreign investment for future reconstruction efforts.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 1:46 pm

BLK

MSFT

Microsoft's Satya Nadella and BlackRock's Larry Fink will attend the G-7 summit in Italy to support development initiatives. The summit, co-hosted by Italian Prime Minister Giorgia Meloni and U.S. President Joe Biden, aims to curb migrant arrivals from Africa by investing in the continent's development. Projects on food, climate, and energy security will be unveiled.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 1:15 pm

F

Intelligent Product Solutions (IPS) has launched a new Advanced Concept Studio division, which will focus on human-centered design, product strategy, UI/UX, VR/AR visualization, and AI interface development.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:13 pm

AAPL

TSLA

OpenAI's CTO Mira Murati defended the company's partnership with Apple against Elon Musk's criticism, emphasizing their commitment to user privacy. The partnership involves integrating ChatGPT into iPhones, with assurances that user data will not be shared or used for training AI models. Musk called the feature 'creepy spyware' and threatened to ban Apple devices from Tesla premises.

Portfolio Pulse from Rounak Jain

June 12, 2024 | 1:05 pm

FDX

FedEx Corp. (NYSE:FDX) plans to cut up to 2,000 jobs in Europe to reduce costs, expecting annual savings of $125-$175 million starting in fiscal 2027. The restructuring will incur pre-tax costs of $250-$375 million through fiscal 2026. Additionally, FedEx's Board approved a 10% increase in the annual dividend rate to $5.52 per share for fiscal 2025.

Portfolio Pulse from Shivani Kumaresan

June 12, 2024 | 1:04 pm

GFL

ADW Capital Management has sent a letter to the board of GFL Environmental, urging them to initiate a strategic review process. This move is aimed at enhancing shareholder value and exploring potential opportunities for the company.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:03 pm

TSLA

The Florida State Board of Administration has endorsed a $56 billion pay package for Tesla CEO Elon Musk, citing the plan's well-structured design. However, the board voted against the nomination of Tesla director Kimbal Musk and the company's move to Texas.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:58 pm

NTR

Nutrien is set to present its strategic priorities and 2026 targets at its Investor Day. The company aims for a Retail adjusted EBITDA of $1.9B-$2.1B in 2026, with a goal of $1.4B in gross margin from proprietary products. Nutrien plans to reduce controllable costs by $200M and maintain annual capital expenditures of $2.2B-$2.3B through 2026.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:44 pm

TSLA

Analysts express concerns about Elon Musk's continued involvement with Tesla, Inc. (NASDAQ:TSLA) amid shareholder voting on his 2018 compensation package. Bearish analyst Gordon Johnson claims Musk has mentally checked out of Tesla but will stay to support his other ventures. JPMorgan analysts clarify Musk's desire for 25% voting control to ensure proper AI governance. They also note that Tesla's robotaxi opportunity is years away from generating material revenue.

Portfolio Pulse from Shanthi Rexaline

June 12, 2024 | 12:20 pm