Streetbeat News

Corporate Responsibility

MSFT

Bill Gates has expressed confidence in Microsoft's leadership amid a federal investigation over security concerns. Despite recent high-profile hacking incidents and criticism, Gates praised CEO Satya Nadella and President Brad Smith for their handling of security challenges.

Portfolio Pulse from Benzinga Neuro

June 17, 2024 | 12:00 pm

QGEN

Qiagen's CEO announced that the company is reviewing its smaller, low-margin products, with an update expected later this year.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 11:45 am

SHAK

Shake Shack has appointed Stephanie Sentell as the new Chief Operations Officer, effective July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 11:35 am

SMLP

Summit Midstream Partners (SMLP) is advancing its corporate restructure and has scheduled a special meeting on July 18th for unitholder approval of its conversion to a C-Corporation. The company has filed an investor presentation outlining the benefits of this conversion for its unitholders.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 11:08 am

TM

Toyota has partnered with energy utility Pepco to research vehicle-to-grid (V2G) technology in Maryland. This collaboration aims to explore how electric vehicles can support the energy grid by providing stored energy during peak demand times.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 11:06 am

EQNR

EWQ

Equinor and GRTgaz have signed a project development agreement to create a CO2 transport system for captured CO2 from industrial emitters in France to offshore storage in Norway via the CO2 Highway Europe pipeline project.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 9:55 am

ADDYY

Adidas AG (OTC:ADDYY) is investigating serious bribery allegations in its China operations following a whistleblower's claims. The accusations involve high-ranking officials and significant embezzlement from the company's marketing budget. Despite the allegations, no staff members have been suspended, and the company has engaged external legal counsel to investigate.

Portfolio Pulse from Shivani Kumaresan

June 17, 2024 | 9:44 am

GOOGL

MSFT

TSLA

Elon Musk praised Geoffrey Hinton, the 'Godfather of AI,' for his insights on the potential risks of AI surpassing human intelligence within the next 20 years. Hinton emphasized the need for significant investment in AI safety and called for government intervention.

Portfolio Pulse from Ananya Gairola

June 17, 2024 | 2:21 am

ADSK

Starboard Value has invested $500 million in Autodesk (NASDAQ:ADSK) and is pushing for operational and governance changes. The activist investor is concerned about Autodesk's profit margins, corporate governance, and handling of a recent accounting investigation. Starboard is considering legal action to reopen Autodesk’s director-nomination window and delay the annual shareholder meeting. Autodesk's stock has declined by 7% this year, and Goldman Sachs recently lowered its price target for the company.

Portfolio Pulse from Benzinga Neuro

June 17, 2024 | 1:36 am

AAPL

BX

Anthony Scaramucci criticized CEOs, including Apple CEO Tim Cook and Blackstone Group CEO Steven Schwarzman, for supporting Donald Trump's policies during a recent Business Roundtable meeting. Scaramucci accused them of 'Trump-nesia' and warned of the dangers of a Trump presidency.

Portfolio Pulse from Bibhu Pattnaik

June 16, 2024 | 2:13 pm