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Corporate Responsibility

SPY

The US Federal Energy Regulatory Commission has approved a significant overhaul for electric transmission, mandating regions to undertake 20-year planning processes. This move is aimed at enhancing the reliability and efficiency of the electric grid, facilitating the integration of renewable energy sources, and potentially reducing costs for consumers. The decision could have broad implications for utility companies, renewable energy developers, and investors in the energy sector.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:33 pm

RXRX

Recursion Pharmaceuticals shares are trading higher following the announcement of the completion of BioHive-2.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:21 pm

TSLA

Tesla has rehired some of the Supercharger workers it dismissed last month, including Max De Zegher, the Charging Director for North America, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:07 pm

NDAQ

Nasdaq is reportedly considering the sale of Solovis, a part of its efforts to streamline operations, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 3:14 pm

FXI

MCD

McDonald's is actively cooperating with the local market regulator in China to investigate and verify reports of food issues, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:38 pm

MCD

McDonald's has initiated a collaboration with a Chinese watchdog in response to reported food safety concerns, committing to enhance restaurant regulation. This move comes after unspecified food safety issues were highlighted, prompting the fast-food giant to take immediate action to address these concerns and ensure compliance with local regulations.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:22 pm

INTC

Kevin O'Buckley has been appointed as the new senior vice president and general manager of Foundry Services at Intel Corporation, taking over from Stuart Pann who retires at the end of May. O'Buckley, now part of Intel's executive leadership, will report directly to CEO Pat Gelsinger and oversee the company's systems foundry growth strategy.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:16 pm

TMC

TMC's subsidiary, NORI, has submitted a comprehensive environmental data set to the International Seabed Authority (ISA), detailing findings from the NORI-D exploration area up to January 2022. This submission includes extensive biological, seafloor imagery, and time-series data from three years of monitoring. It's part of a larger effort involving hundreds of terabytes of data collected over more than a decade, aimed at supporting NORI's application for an exploitation contract in the Clarion Clipperton Zone (CCZ).

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:15 pm

MSFT

Xbox President Sarah Bond discussed the closure of four Microsoft studios, emphasizing the necessity for the long-term health of the Xbox business. The closures are part of a broader strategy to navigate industry transitions, despite the gaming community's shock and concerns over stagnant growth and rising development costs. Microsoft's recent acquisitions and the challenges facing its gaming business, including declining revenue and stagnant subscriber growth, underscore the strategic decisions behind studio closures.

Portfolio Pulse from Franca Quarneti

May 13, 2024 | 2:12 pm

PHG

The FDA has announced that Philips Respironics is recalling its Trilogy Evo Continuous Ventilators due to a potential power malfunction related to software issues. This recall highlights a significant safety concern that could impact patient care and reflects on Philips' commitment to product safety and regulatory compliance.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:11 pm