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Corporate Responsibility

NEE

NEP

NextEra Energy Partners, LP (NYSE:NEP) appoints Brian Bolster, formerly of Goldman Sachs, as CFO and board director, succeeding Kirk Crews who moves to a senior leadership role at NextEra Energy, Inc. (NYSE:NEE). Bolster's extensive experience in the power and renewables sectors at Goldman Sachs is expected to positively impact NextEra Energy Partners.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:34 am

AAPL

BRK

Ross Gerber, a prominent Tesla Inc. investor, shared his admiration for Warren Buffett's decisive business acumen after Berkshire Hathaway reduced its Apple holdings by 18% in Q1. Gerber's recount of a 2008 interaction with Buffett highlights the latter's tough business approach. The reduction in Apple's stake by Berkshire has led to speculation about Apple's future, amidst discussions on AI's role in shaping the tech giant's strategy. Apple's CEO Tim Cook remains bullish with a significant investment in AI, supported by predictions of an AI-driven super cycle by Wedbush's Dan Ives.

Portfolio Pulse from Rounak Jain

May 06, 2024 | 11:28 am

ALLT

Allot Ltd. (NASDAQ:ALLT) announced the appointment of Eyal Harari as CEO, effective May 6, 2024, replacing Erez Antebi. Antebi will assist during the transition and continue as a consultant.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:25 am

LKNCY

SBUX

VTI

XLY

Former Starbucks CEO Howard Schultz has called for a major overhaul of the company amid a sales slump, citing a need to revamp operations and improve the customer experience. Starbucks faces challenges from inflation, competition in China from Luckin Coffee, and a significant drop in sales due to various factors. The company's second-quarter results fell short of expectations, with a 4% decline in global comparable store sales and earnings missing analyst estimates. Despite these challenges, Schultz remains optimistic about Starbucks' recovery, especially in China. Starbucks stock has declined over 31% in the last 12 months, but shares are trading higher in premarket.

Portfolio Pulse from Shivani Kumaresan

May 06, 2024 | 10:31 am

GOOGL

META

Daniel McKinnon, an ex-product manager at both Meta Platforms Inc. (META) and Alphabet Inc. (GOOGL/GOOG), shared insights on work-life balance, compensation, and career progression at the two companies. McKinnon, who returned to Meta in February to work on Ray-Ban AI glasses, highlighted Meta's growth opportunities at the expense of stress, while Google offers better work-life balance and job security. Differences in compensation, project opportunities, and company culture were also discussed. Meta's Q1 revenue was $36.45 billion, up 27% YOY, while Alphabet's Q1 revenue increased by 15% YOY to $80.539 billion.

Portfolio Pulse from Ananya Gairola

May 06, 2024 | 7:52 am

GOOGL

TSLA

Texas Governor Greg Abbott's anti-immigration measures along the Texas-Mexico border have led to significant environmental degradation, particularly in Eagle Pass. The construction of a new $170 million facility, Camp Eagle, for Texas National Guards, as part of Operation Lone Star, has exacerbated the situation, costing over $11 billion. The environmental damage has sparked concerns among residents and environmentalists. Meanwhile, tech leaders like Sundar Pichai of Alphabet Inc. and Elon Musk of Tesla Inc. have called for updated U.S. immigration policies to attract AI and tech talent, highlighting the broader implications of immigration policies.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 6:03 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has released a video demonstrating the latest advancements of its Optimus humanoid robot, which now can insert battery cells into a tray using a neural network. CEO Elon Musk announced plans for a new Optimus hand with 22 degrees of freedom, an improvement over the current model's 11. Several Optimus robots are already deployed in Tesla factories for testing and refinement. Musk also mentioned the potential for external sales of Optimus robots by the end of 2025, with a projected initial price range of $25,000 to $30,000.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 5:01 am

NVO

Elon Musk endorsed Novo Nordisk's Ozempic, a drug primarily for Type 2 diabetes, as a solution to childhood obesity, sparking a conversation on the topic. Musk's support for Ozempic, highlighted in a response to a post about obesity policies on X, brings attention to the obesity issue in the U.S. and Japan. Novo Nordisk, the maker of Ozempic, has also launched Wegovy in Japan to address obesity, amidst concerns over the high cost of these drugs.

Portfolio Pulse from Ananya Gairola

May 06, 2024 | 3:50 am

TSLA

Leo KoGuan, a major individual shareholder of Tesla Inc. (NASDAQ:TSLA), criticized CEO Elon Musk's compensation package and urged shareholders to vote against it. KoGuan, who invested $3.5 billion in Tesla for a 0.8% stake, labeled Musk's request for more voting control as a 'robbery attempt.' The criticism follows a Delaware judge's decision to invalidate Musk's 2018 compensation package. Tesla is set to hold an investor vote on Musk's pay plan during its Annual Shareholder Meeting on June 13.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 3:19 am

AAPL

AMZN

GOOG

META

MSFT

NTDOF

PLTR

SONY

TSLA

UBSFF

Last week in consumer tech saw Amazon's Q1 FY24 sales surpass expectations, Microsoft and Sony enhancing gaming offerings, Ubisoft and Nintendo announcing new game details, and Apple facing challenges with iPhone sales and AI advancements. Elon Musk criticized Meta and highlighted X's design overhaul. Palantir's CEO made controversial remarks, and the EU considered a TikTok ban. Amazon's AI business achieved a multibillion-dollar revenue rate, while Apple teased future AI developments.

Portfolio Pulse from Lekha Gupta

May 06, 2024 | 2:41 am