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Corporate Responsibility

AAPL

Elon Musk, CEO of Tesla Inc. and xAI founder, responded to tech YouTuber Marques Brownlee (MKBHD) on X, critiquing Apple Inc.'s Siri for its performance. This exchange follows Apple's Q2 2024 earnings call, where dissatisfaction with Siri was highlighted, despite CEO Tim Cook's optimism about AI developments. Apple plans to unveil Siri 2.0 with generative AI capabilities at its Worldwide Developers Conference (WWDC) in June, as part of iOS 18, aiming to significantly enhance its AI strategy.

Portfolio Pulse from Rounak Jain

May 03, 2024 | 1:32 pm

CGC

Canopy Growth Corporation (CGC) has announced a financing deal with an institutional investor to receive approximately $50 million in gross proceeds and exchange about $20 million of existing debt for a new convertible debenture. The deal includes issuing additional common share purchase warrants and aims to use the proceeds for working capital and general corporate purposes. This move is part of Canopy's strategy to accelerate its entry into the U.S. market, following shareholder approval for the spin-out of Canopy USA.

Portfolio Pulse from Jelena Martinovic

May 03, 2024 | 1:31 pm

DJT

The SEC has charged audit firm BF Borgers and its owner with committing a massive fraud that impacted over 1,500 SEC filings. The allegations suggest that the firm and its owner engaged in deceptive practices that significantly affected the integrity of financial disclosures and compliance with SEC regulations. This case highlights the importance of audit quality and the potential consequences of audit failures on the broader financial reporting ecosystem.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 1:27 pm

PARA

Skydance Media will not extend its exclusivity agreement with Paramount Global (PARA), as reported by CNBC. This development could impact Paramount's future content pipeline and its competitive position in the entertainment industry.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 1:22 pm

RIVN

Rivian shares are trading higher following the appointment of Javier Varela as Chief Operations Officer.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 1:13 pm

GPRE

During a conference call, the CEO of Green Plains stated that the company is still evaluating its strategic options. This indicates ongoing considerations that could involve partnerships, divestitures, acquisitions, or other significant corporate actions.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 1:13 pm

RIVN

Rivian has announced the hiring of Javier Varela as its new Chief Operating Officer (COO). This strategic move aims to strengthen the company's operational capabilities as it scales up production and expands its market presence.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 1:05 pm

GIGM

GigaMedia's CEO, James Huang, expressed confidence in the company's future, stating that their strategic decisions are expected to lead to healthier gross margins for their offerings in the long run.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 1:04 pm

PXD

XOM

ExxonMobil has finalized its acquisition of Pioneer Natural Resources, significantly expanding its Permian basin presence. This merger not only enlarges ExxonMobil's upstream portfolio but also advances its net-zero goals by moving Pioneer's 2050 target to 2035, leveraging Pioneer's expertise and ExxonMobil's technological and financial resources.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 12:45 pm

INTJ

Intelligent Group has appointed Law Wing Tak Jack as CFO effective May 1, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 12:44 pm