Streetbeat News

Corporate Responsibility

CRVO

CervoMed Inc. (NASDAQ:CRVO) has appointed William Elder as Chief Financial Officer, effective June 1, 2024. Elder will also continue his roles as General Counsel and Corporate Secretary. He succeeds William Tanner, who will remain as a consultant.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:04 pm

NVAX

Shah Capital has withdrawn its proxy campaign against the re-election of directors at Novavax's 2024 annual meeting. Shah Capital Management owns approximately 7.9% of Novavax's shares, making it one of the top three and the largest non-index stockholder.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 10:36 am

AMZN

Amazon CEO Andy Jassy emphasized the importance of a positive attitude for success, particularly in one's 20s. Despite facing criticism for anti-union remarks and Amazon's treatment of warehouse employees, Jassy's advice aligns with other successful leaders' philosophies.

Portfolio Pulse from Benzinga Neuro

May 20, 2024 | 10:32 am

META

Noah Kagan, an early employee of Facebook, shared insights into Mark Zuckerberg's stringent talent management style, highlighting his focus on hiring top talent and quick dismissals. This approach is consistent with Meta's recent significant layoffs aimed at creating a more efficient organization.

Portfolio Pulse from Rounak Jain

May 20, 2024 | 10:27 am

PEV

SPI

Phoenix Motor Inc. has formed a special committee to investigate allegations against CEO Xiaofeng Denton Peng, including breach of fiduciary duty and unauthorized related party transactions. Peng has been suspended, and former CFO J. Mark Hastings is the interim CEO. The investigation is ongoing.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 10:10 am

TSLA

Elon Musk announced plans to cover the roof of Tesla's Giga Texas with solar panels, except for the word 'TESLA' which will be outlined in light to be visible from airliners at night. The factory will also feature a super dense, water-cooled supercomputer cluster. The Giga Texas factory, which spans 2,500 acres, has significant potential for expansion and currently manufactures the Model Y and Cybertruck.

Portfolio Pulse from Anan Ashraf

May 20, 2024 | 8:16 am

TSM

Lai Ching-te has been inaugurated as the new president of Taiwan, succeeding Tsai Ing-wen. Lai aims to continue Taiwan's policy of de facto independence, strengthen its defenses, and maintain its dominance in the semiconductor industry. Taiwan Semiconductor Manufacturing Co (NYSE: TSM) plays a crucial role in this strategy, producing 90% of the world's most advanced semiconductor chips. Lai's administration will support TSMC's global expansion and address talent shortages as the company builds new fabs in the U.S., Japan, and Germany.

Portfolio Pulse from Benzinga Neuro

May 20, 2024 | 3:19 am

TSLA

Tesla's upcoming annual shareholder meeting on June 13 will decide on Elon Musk's 2018 compensation package, which was nullified by a Delaware Chancery court. Key conditions for Tesla's growth include Musk getting 25% voting power, Tesla being incorporated in Texas, and the approval of Musk's compensation package. Musk has indicated that without these conditions, he may prefer to build products outside of Tesla. The company is also focusing on its robotaxi business to counter its core EV business struggles.

Portfolio Pulse from Shanthi Rexaline

May 19, 2024 | 10:56 pm

TSLA

Elon Musk has criticized President Joe Biden and other 'naysayers' who wish to see Tesla fail. Despite the challenging economic environment and rising competition, Tesla continues to find success in China. The Biden administration's recent 100% tariffs on Chinese EV imports could impact the market dynamics. Tesla's shareholders are set to vote on reapproving Musk's 2018 compensation plan.

Portfolio Pulse from Shanthi Rexaline

May 19, 2024 | 7:55 pm

TSLA

Tesla's board is attempting to reinstate Elon Musk's multibillion-dollar compensation package to ensure his full commitment to the company. The move comes amid concerns over Musk's divided attention due to his involvement in multiple ventures and controversial matters. The board is appealing to shareholders to re-approve the package, emphasizing its importance for Tesla's future.

Portfolio Pulse from Bibhu Pattnaik

May 18, 2024 | 9:01 pm