Streetbeat News

Corporate Responsibility

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

RHI

Protiviti has launched ProtivitiGPT, a generative AI application designed for internal use to enhance business solutions development.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:19 pm

AMZN

FDIS

RTH

Amazon has committed $1.4 billion to its Housing Equity Fund to create 14,000 affordable housing units in Seattle, Nashville, and Washington metro areas, raising its total housing pledge to $3.6 billion. This initiative aims to help families earning 30% to 80% of the area's median income. Additionally, Amazon plans to invest billions in Taiwan for data centers and launch an AWS infrastructure region by 2025. Amazon's stock has gained 48% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

June 12, 2024 | 12:17 pm

LUCD

Lucid Diagnostics reported that 4,000 firefighters have undergone EsoGuard esophageal precancer testing. The event was organized by Mass General Brigham physicians and Boston Firefighters Local 718 IAFF.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:11 pm

BOXL

Boxlight Corporation has appointed Dale Strang as its new CEO. This leadership change is expected to bring new strategic direction to the company.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:03 pm

AAL

LUV

UAL

Southwest Airlines (NYSE:LUV) is under pressure from Elliott Investment Management, which recently acquired a $1.9 billion stake, to reconsider its 'bags fly free' policy. Elliott is pushing for strategic changes, including the introduction of baggage fees, which could impact Southwest's customer loyalty. The airline's CEO, Bob Jordan, reaffirmed the commitment to the free bag policy, but potential compromises may be on the horizon.

Portfolio Pulse from Shivani Kumaresan

June 12, 2024 | 11:54 am

KELYA

KELYB

Kelly Services has divested its Ayers Group to Keystone Partners, aiming to refocus on its global Recruitment Process Outsourcing (RPO) and Managed Service Provider (MSP) solutions.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:42 am

BNED

Barnes & Noble Education has appointed Jonathan Shar as the new CEO, succeeding Michael P. Huseby, who resigned effective June 11, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:35 am