Streetbeat News

Corporate Responsibility

TAK

Takeda has expanded its partnership with Partners In Health to address social determinants of health and improve access to care in Massachusetts. The initiative aims to dismantle systemic barriers to equity and strengthen the health workforce in the state. The existing global partnership has already provided screening and diagnostic services to over 8 million people in community settings.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:02 pm

NHNCF

SFTBY

Data breaches at Line Yahoo, co-owned by SoftBank Corp and Naver, have strained Japan-South Korea relations. Tokyo officials suggest Naver reduce its stake in A Holdings, potentially allowing SoftBank to gain control. The issue has escalated to high-level diplomatic discussions.

Portfolio Pulse from Benzinga Neuro

June 11, 2024 | 11:01 am

FTXL

INTC

SHOC

Intel Corp (NASDAQ:INTC) has paused its $25 billion chip plant construction in Israel, citing the need for flexibility in large-scale projects due to changing business conditions and market dynamics. Despite the pause, Intel remains committed to its operations in Israel, where it employs nearly 12,000 people. The Israeli government had previously agreed to provide Intel with a $3.2 billion incentive for the project. Intel's stock has lost over 6% in the last 12 months, but closed higher by 0.55% at $30.91 on Monday. Investors can access Intel stock via First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) and Strive U.S. Semiconductor ETF (NYSE:SHOC).

Portfolio Pulse from Shivani Kumaresan

June 11, 2024 | 10:08 am

UBS

UBS Group AG and Credit Suisse Group's Swiss units are set to merge by July 1, 2024, according to UBS Switzerland President Sabine Keller-Busse. The merger is progressing smoothly, with customer transfers to UBS's IT systems expected in 2025. The integration will result in 3,000 layoffs in Switzerland. UBS also announced a $2 billion share buyback program in April to enhance investor returns amid the acquisition.

Portfolio Pulse from Benzinga Neuro

June 11, 2024 | 7:35 am

TSLA

Former Tesla executive Rohan Patel stated that adopting a traditional dealership model would have been an existential threat to Tesla and the EV industry in the U.S. Tesla's direct sales model is crucial for its survival and success.

Portfolio Pulse from Anan Ashraf

June 11, 2024 | 6:13 am

SINGY

Singapore Airlines (OTC:SINGY) has offered up to $25,000 in compensation to passengers after a fatal turbulence incident. The airline is addressing the aftermath by providing immediate financial assistance, covering medical expenses, and revising safety policies.

Portfolio Pulse from Benzinga Neuro

June 11, 2024 | 5:57 am

MSFT

Bill Gates' TerraPower has started construction on an advanced nuclear power plant in Wyoming, aiming to provide safe, abundant, zero-carbon energy. The project, located next to PacifiCorp’s Naughton Power Plant, will use sodium for cooling and is expected to be operational by 2030. This marks a significant step in reducing fossil fuel reliance and combating climate change.

Portfolio Pulse from Benzinga Neuro

June 11, 2024 | 5:29 am

BTCUSD

Edward Snowden criticized Senator Elizabeth Warren's anti-Bitcoin stance by comparing it to the Chinese Communist Party's perspective. Snowden's remarks were made in a cheeky X post.

Portfolio Pulse from Aniket Verma

June 11, 2024 | 2:58 am

KIND

Former Nextdoor CEO Sarah Friar has been appointed as OpenAI's first CFO following an executive shakeup. Kevin Weil, former president of product and business at Planet Labs, has also joined as chief product officer. These appointments come after the departure of key figures like Ilya Sutskever and Andrej Karpathy.

Portfolio Pulse from Michael Juliano

June 10, 2024 | 10:23 pm

SWI

SolarWinds has appointed Lewis Black as its new Executive Vice President, CFO, and Treasurer, effective August 2024. Black will succeed J. Barton Kalsu, who resigned to explore other opportunities but will remain CFO until August 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 8:39 pm