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Corporate Responsibility

WINV

WinVest Acquisition Corp. has extended its business combination deadline to July 17, 2024. Stockholders have approved an option for five additional monthly extensions, each requiring a $30K deposit by the sponsor. Additionally, WinVest has issued a $180K promissory note to the sponsor.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 8:05 pm

MSFT

John Hight, the general manager and senior vice president of Warcraft, is leaving Microsoft Corp.'s Blizzard Entertainment after 12 years. Hight announced his departure on X, expressing gratitude for the community's support and confidence in the future of the Warcraft franchise.

Portfolio Pulse from Franca Quarneti

June 14, 2024 | 7:36 pm

ON

ON Semiconductor Inc. (NASDAQ:ON) shares are trading lower after the company announced significant restructuring plans, including reducing its global workforce by 1,000 employees and consolidating nine sites. The company expects to incur charges between $65 million and $80 million in 2024 and 2025 due to employment-related costs but plans to reinvest savings into its workforce and business initiatives. Despite these measures, there may not be a material reduction in future operating expenses.

Portfolio Pulse from Vaishali Prayag

June 14, 2024 | 7:21 pm

PBR

Brazil's Petrobras announced that its current executives will remain in their positions until the internal governance process approves new executives.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 6:17 pm

PBR

Brazil's Petrobras CEO Chambriard has appointed three new executives, including Fernando Melgarejo as the new CFO, according to a recent filing.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 6:14 pm

GTBIF

Green Thumb Industries Inc. (OTCQX:GTBIF) held its 2024 Annual General Meeting, electing seven directors and approving executive compensation. The company also appointed Baker Tilly as its auditor. Despite a recent 3.20% decline in stock price, GTBIF has seen a 56.54% increase over the past year.

Portfolio Pulse from Rolando García

June 14, 2024 | 5:25 pm

NVDA

Nvidia, under CEO Jensen Huang, is experiencing unprecedented market growth, with a projected market valuation of $4-$5 trillion by 2025. The company executed a 10-1 stock split and has seen a 19% increase in June, leading to a year-to-date growth of 165%. Nvidia continues to lead in AI chip technology and is making strides in quantum computing.

Portfolio Pulse from Zaheer Anwari

June 14, 2024 | 4:06 pm

TSLA

Tesla Inc. (NASDAQ: TSLA) shareholders have overwhelmingly approved Elon Musk's $56 billion pay compensation package, with 77% of votes in favor. Analysts from Cantor Fitzgerald and Wedbush have shared positive outlooks on Tesla's future, particularly in autonomous technology and new vehicle launches. The approval removes a significant overhang on Tesla shares and solidifies Musk's commitment to the company's long-term growth.

Portfolio Pulse from Chris Katje

June 14, 2024 | 3:58 pm

MSTR

MicroStrategy (NASDAQ:MSTR) has increased its convertible senior notes offering to $700 million from the previously planned $500 million. The notes, due in 2032, will be sold to institutional investors and bear an interest rate of 2.25% per annum. The company plans to use the proceeds primarily to acquire more Bitcoin and for general corporate purposes.

Portfolio Pulse from Murtuza Merchant

June 14, 2024 | 3:37 pm

FDIS

TSLA

XLY

Vanguard's vote was crucial in passing Elon Musk's $56 billion compensation package at Tesla's recent shareholder meeting. Despite initial opposition, Vanguard's support was swayed by Tesla's exceptional performance and shareholder value creation. The approval does not conclude ongoing legal challenges, and Vanguard also backed Tesla's proposal to relocate its incorporation from Delaware to Texas.

Portfolio Pulse from Shivani Kumaresan

June 14, 2024 | 2:50 pm