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Corporate Responsibility

BITF

Bitfarms has announced the termination of CEO Geoffrey Morphy and is nearing the completion of its search for a new CEO. The company, which is listed on both the NASDAQ and TSX under the symbols BITF and TSX:BITF respectively, is in the process of leadership transition.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 11:02 am

AADR

E

IDGT

Eni S.p.A. (NYSE:E) is planning to spin-off interests in high-potential oil and gas projects to finance its shift towards low-carbon activities. This move is part of CEO Claudio Descalzi's strategy to separate some of Eni's operations into distinct entities, attracting investment from private equity and infrastructure funds. The company recently agreed to combine most of its UK upstream assets with Ithaca Energy plc for a 38.5% stake and aims to sell minority stakes in its biofuel and bio-plastic units, expecting to raise EUR1.3 billion. Exposure to Eni's stock can be gained through Pacer Developed Markets International Cash Cows 100 ETF (NYSE:IDGT) and AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR).

Portfolio Pulse from Lekha Gupta

May 13, 2024 | 10:53 am

MITK

Mitek Systems, Inc. announced Scott Carter as Interim CEO starting June 1, 2024, succeeding Max Carnecchia. The Board is searching for a permanent CEO replacement.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 10:32 am

RACE

Ferrari N.V. (RACE) announced its plan to offer unsecured debt securities in benchmark size, subject to market conditions. The proceeds are intended for general corporate purposes. The Notes will rank equally with all other outstanding unsecured and unsubordinated obligations of Ferrari.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 10:16 am

WTW

WTW has partnered with Ukrainian insurer VUSO to launch a London market backed facility offering war risk insurance for cargo within Ukraine. This facility, a market first, aims to provide certainty to both Ukrainian and foreign enterprises moving goods overland in Ukraine. The insurance covers cargo and war-on-land risks, operational immediately through VUSO or WTW Ukraine.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 9:52 am

DXYZ

META

Meta Platforms Inc.'s Chief AI Scientist, Yann LeCun, criticized OpenAI's early investor, Vinod Khosla, for supporting a closed-source approach to AI, motivated by financial gains and concerns over China's access to AI technology. LeCun advocates for open-source AI to ensure a diverse and democratic future. Meanwhile, Destiny Tech100 Inc. fund, which invests in tech companies including OpenAI, has seen a significant drop in value.

Portfolio Pulse from Rounak Jain

May 13, 2024 | 9:05 am

ZPTA

Zapata Computing Holdings Inc. (NASDAQ:ZPTA), an Industrial Generative AI company, announced Sumit Kapur as the new CFO effective May 20, 2024. Kapur, with a background in AI, investment banking, and scaling businesses, is expected to support Zapata AI's expansion across various industries. He succeeds Mimi Flanagan, who is leaving for personal reasons. Kapur's previous role was CFO at 3Degrees, where he significantly scaled the business.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:17 am

PEGA

Pegasystems Inc. (NASDAQ:PEGA) has expanded its relationship with the UK's tax authority, HMRC, through a new five-year agreement to enhance HMRC's digital transformation with Pega's software. This agreement emphasizes the use of Pega's Customer Service and Decisioning software to improve customer experience and streamline tax advisory services.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:02 am

SMCI

Supermicro, Inc. (NASDAQ:SMCI) is showcasing its Rack Scale Liquid-Cooled Solutions at the International Supercomputing Conference, targeting AI and HPC convergence. These solutions aim to meet the high demands of customers looking to expand their AI and HPC capabilities while significantly reducing data center power requirements. Supermicro's offerings include complete liquid-cooled solutions that can reduce data center power consumption by up to 40%.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 7:08 am