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BA

Emirates CEO Sheikh Ahmed bin Saeed Al Maktoum expressed dissatisfaction with Boeing (NYSE:BA) over safety crises and delivery delays, as Boeing's CEO David Calhoun announces retirement amid these challenges. Despite frustrations, Emirates, Boeing's largest customer for widebody jets, has not indicated plans to cancel or switch its substantial orders to Airbus. Boeing faces its worst crisis since the 737 Max jet crashes, with recent audits revealing non-compliance in manufacturing quality control. Amidst this, Boeing's stock saw a slight decline.

Portfolio Pulse from Benzinga Neuro

May 07, 2024 | 2:35 pm

MSFT

David A Steinberg, CEO of Zeta Global, predicts a significant transformation in Wall Street jobs due to AI, forecasting both job destruction and creation. His views were shared during CNBC's 'Last Call' at the Milken Institute, highlighting the potential for AI to replace many analyst roles. The IMF warns AI could affect 40% of global jobs, while Microsoft's CEO Satya Nadella sees potential for wage increases through enhanced expertise.

Portfolio Pulse from Benzinga Neuro

May 07, 2024 | 2:32 pm

TSLA

Tesla Inc. Chairwoman Robyn Denholm has sold over $50 million in Tesla stock in 2024, as revealed by SEC filings. The sales were part of a pre-arranged 10b5-1 program established in October. This comes amid Tesla's challenges, including falling shares, increased competition, and weakened demand for its EVs. Additionally, Tesla faces internal changes and legal challenges regarding executive compensation, with efforts to reapprove CEO Elon Musk's previously overturned $47 billion pay package.

Portfolio Pulse from Pooja Rajkumari

May 07, 2024 | 2:03 pm

GRPN

Groupon has appointed Dusan Senkypl as its new CEO, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:29 pm

DIS

NFLX

Disney's CEO announced during a conference call that the company is now considering licensing content to Netflix with a more open mind. Additionally, Disney is exploring other selective licensing opportunities.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:25 pm

AUPH

Lucien Selce, owning 2.2% of Aurinia Pharmaceuticals Inc. (NASDAQ:AUPH), criticizes the company's board and strategy, particularly in market penetration of Lupkynis and board composition. Selce suggests reducing the board size, linking management compensation to revenue goals, and developing strategic partnerships. He highlights the board's failures, including poor communication, irrelevant skill sets of directors, and questionable decisions by CEO Peter Greenleaf. Selce calls for immediate board restructuring before the Annual General Meeting to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:18 pm

UBER

Smarty has announced a service partnership with Uber Technologies, Inc. (NYSE:UBER) to provide accurate, real-time address data for Uber's global operations. This collaboration aims to enhance Uber's ride-sharing, meal delivery, and local courier services by improving operational efficiency and customer satisfaction through precise address data. Smarty's CEO, Jonathan Oliver, highlighted the importance of accurate address data in reducing operational costs and improving the customer experience, emphasizing the critical role of data quality in the future of urban transportation.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:17 pm

DIS

Disney's CEO expressed confidence in the company's succession planning committee, stating they will select the right person at the right time for leadership transition during a conference call.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:10 pm

MYGN

Myriad Genetics, Inc. (NASDAQ:MYGN) announced the reorganization of its European operations and the sale of its EndoPredict business to Eurobio Scientific, aiming to align resources more closely with domestic opportunities while maintaining service to international partners and patients. The deal, expected to close in Q2 or Q3 of 2024, includes licensing Eurobio the right to sell Prolaris in vitro diagnostic kits outside the U.S., while Myriad retains the right to produce and sell EndoPredict in the U.S. as part of its Precise Oncology Solutions suite.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:07 pm

LIQT

LiqTech International, Inc. (NASDAQ:LIQT) and Dan Marine Group (DMG) have entered into a partnership to expand LiqTech's marine water treatment solutions in the Chinese shipbuilding and repair market. This includes marine scrubber water treatment solutions and new exhaust gas recirculation (EGR) water treatment systems for dual fuel marine vessels. DMG will also service existing LiqTech marine installations. LiqTech's technology, which has been installed on over 170 large commercial ships since 2017, aims to reduce pollution and enhance fuel savings for ship owners.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:04 pm