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Corporate Responsibility

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SHEL

Shell plc (NYSE:SHEL) has agreed to sell its Energy and Chemicals Park in Singapore to CAPGC, a joint venture between Chandra Asri Capital and Glencore Asian Holdings. The sale includes all assets and commercial contracts of Shell Energy and Chemicals Park Singapore. The decision follows a strategic review initiated by Shell in June 2023. The transaction, expected to complete by end of 2024, includes crude supply and products offtake agreements. Shell aims to high-grade its Chemicals and Products business, aligning with its commitment to deliver more value with fewer emissions.

Portfolio Pulse from Shivani Kumaresan

May 08, 2024 | 9:36 am

DIS

Byron Allen publicly supports Disney CEO Bob Iger, expressing confidence in his leadership amid the company's challenges, including a revenue miss and a decline in entertainment revenue. Allen's endorsement comes as Disney faces scrutiny over its future direction and succession plans. Despite these hurdles, Disney is adjusting its streaming and content strategy, with Iger optimistic about securing NBA rights. Disney's stock saw a significant increase, closing up 9.51% at $105.39.

Portfolio Pulse from Benzinga Neuro

May 08, 2024 | 9:05 am

AAPL

Apple Inc. CEO Tim Cook emphasized the Vision Pro at the recent iPad event, marking the fourth consecutive public mention. Gene Munster of Deepwater Asset Management highlighted Cook's consistent focus on Vision Pro, signaling Apple's commitment to the mixed reality headset. Despite no new announcements on Vision Pro, Jim Cramer sees its potential, especially in B2B markets. However, Apple faced challenges with Vision Pro, including a reported 50% cut in shipment forecasts due to decreased demand. Apple's stock closed slightly up at $182.40.

Portfolio Pulse from Rounak Jain

May 08, 2024 | 8:51 am

ABVX

Abivax is set to present four abstracts on obefazimod for ulcerative colitis and a preclinical colon cancer model at Digestive Disease Week 2024. The presentations will cover new preclinical data demonstrating obefazimod's effectiveness in reducing tumor numbers in a mouse model, supporting its novel mechanism of action.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:18 am

FJTSY

NOW

ServiceNow and Fujitsu have announced a strategic partnership to launch innovative cross-industry solutions. This collaboration will leverage ServiceNow's AI platform and Fujitsu's industry expertise to deliver enhanced value to global customers. A new Fujitsu-ServiceNow Innovation Center will be established to focus on digital transformation offerings and customer success. Additionally, Fujitsu plans to expand its use of the Now Platform to provide greater value to its customers.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:10 am

TSLA

Tesla Inc (NASDAQ:TSLA) will shut down its Berlin gigafactory for only one day this week, contrary to initial reports of a four-day halt. The brief shutdown, confirmed by Senior Director of Manufacturing Andre Thierig, is due to protests against the company's expansion efforts. Despite challenges, including a recent arson attack and local opposition to factory expansion, Tesla aims to double the plant's capacity. Tesla's new car registrations in the EU fell by 4.7% in Q1.

Portfolio Pulse from Anan Ashraf

May 08, 2024 | 6:22 am

DIS

During Walt Disney Co's Q2 earnings call, CEO Bob Iger addressed questions about his succession plans, stating the board is actively engaged in the process and expects a smooth transition. The search for Iger's successor has intensified following the end of a proxy battle with Nelson Peltz, with several candidates being considered. Disney reported a 1% revenue increase to $22.08 billion and an adjusted EPS of $1.21, beating expectations.

Portfolio Pulse from Ananya Gairola

May 08, 2024 | 5:23 am

DIS

NFLX

Bob Iger, CEO of Walt Disney Co (NYSE:DIS), announced a global crackdown on password sharing, taking inspiration from Netflix Inc (NASDAQ:NFLX), which he referred to as the streaming 'gold standard'. Disney plans to start implementing this policy in select markets next month, with a global rollout in September, expecting it to contribute to future growth. This move follows Netflix's reported success with its own password-sharing crackdown, which led to increased engagement and new user registrations. Disney's Q2 earnings showed a slight revenue growth and a notable adjusted EPS beat, with varied performance across its entertainment, sports, and experiences segments.

Portfolio Pulse from Ananya Gairola

May 08, 2024 | 2:47 am

AAPL

Elon Musk questioned the effectiveness of Apple Inc.'s (AAPL) $30 billion R&D investment following the launch of the new iPad Air 6 and iPad Pro models. Musk's comments on X, formerly Twitter, were in response to a meme comparing the investment to the slight increase in thickness of the new iPad Pro. He suggested that Apple might be working on secret products. This discussion highlights the differences in R&D spending effectiveness between companies like Tesla, Apple, and Microsoft.

Portfolio Pulse from Ananya Gairola

May 08, 2024 | 1:52 am

RDDT

Alexis Ohanian, co-founder of Reddit, Inc. (NYSE:RDDT), shared insights on task management for startup founders, emphasizing adaptability and transparency over rigid rules. His comments come alongside Reddit's Q1 financial results, revealing losses greater than analyst expectations.

Portfolio Pulse from Ananya Gairola

May 08, 2024 | 1:20 am