Streetbeat News

Corporate Responsibility

LOOP

ONON

Loop Industries, Inc. (NASDAQ:LOOP) has announced a collaboration with Swiss sportswear brand On to launch the Cloudeasy Cyclon shoe, which features an upper made from Loop's 100% recycled polyester fiber using their Infinite Loop™ fiber-to-fiber recycling technology.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:53 pm

CLF

X

United States Steel (U.S. Steel) has announced that it expects to close its all-cash transaction with Nippon Steel Corporation (NSC) in the second half of this year. The deal, which has received overwhelming approval from U.S. Steel's investors, promises significant benefits including job security, growth opportunities, and enhanced national security. The transaction has faced opposition from Cleveland-Cliffs, a competitor and unsuccessful bidder, but U.S. Steel remains committed to completing the deal.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:50 pm

GFS

MU

GlobalFoundries (NASDAQ:GFS) and Micron Technology (NASDAQ:MU) have partnered with the U.S. National Science Foundation to invest in workforce development at Minority Serving Institutions. This initiative aims to diversify the semiconductor workforce and build robust talent pathways through education and career reentry initiatives.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:47 pm

GOOG

GOOGL

A former Google engineer criticized Alphabet Inc.'s AI projects, claiming they are driven by panic rather than user needs. He compared the current AI efforts to the failed Google+ social network, suggesting the approach may not be sustainable.

Portfolio Pulse from Rounak Jain

May 21, 2024 | 1:31 pm

MU

Micron Technology is expanding its workforce development initiatives by partnering with GlobalFoundries, the U.S. National Science Foundation, and other industry leaders to increase access to opportunities.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:08 pm

SPT

Sprout Social shares are trading lower after the company announced that there is no process in place to sell or take the company private.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:34 pm

SPT

Sprout Social has announced that there is no current process in place to sell or take the company private.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:34 pm

TSLA

Morgan Stanley analyst Adam Jonas emphasizes the critical role of Tesla Inc (NASDAQ:TSLA) in Elon Musk's AI ambitions. Jonas believes Tesla's success in AI will lower capital costs for Musk's other ventures, while failure will increase costs. The upcoming shareholder vote on Musk's 2018 pay package and the potential shift of Tesla's incorporation from Delaware to Texas could drive significant stock volatility.

Portfolio Pulse from Anan Ashraf

May 21, 2024 | 12:33 pm

KRON

Kronos Bio has appointed Deborah Knobelman as its new Chief Operating Officer (COO) and Chief Financial Officer (CFO), effective June 3.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:20 pm

AXTA

Solera and Axalta have announced a strategic partnership to integrate Axalta's refinish paint systems into Solera's Sustainable Estimatics platform. This will allow Axalta customers to accurately calculate CO2 emissions per vehicle repair.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:19 pm