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Corporate Responsibility

BRK.A

BRK.B

The Berkshire Hathaway Inc annual shareholders meeting on May 4 will publicly broadcast its secret movie for the first time, potentially as a tribute to the late Charlie Munger. The event in Omaha, Nebraska, known as "Woodstock for Capitalists," will feature the movie on CNBC and webcast, marking a departure from its traditional private viewing. This change is seen as a significant tribute to Munger, who passed away in November at 99.

Portfolio Pulse from Chris Katje

May 02, 2024 | 7:54 pm

ALK

BA

SPR

Boeing Co (NYSE:BA) shares rose despite another whistleblower's sudden death, amid broader market gains following the Fed's decision to maintain interest rates. The deceased, a former Spirit AeroSystems (NYSE:SPR) quality auditor, had raised safety concerns about Boeing's 737 Max, which previously faced scrutiny after an Alaska Air Group (NYSE:ALK) plane lost an emergency door. This incident adds to Boeing's ongoing safety and legal challenges, including a criminal investigation and potential DOJ penalties.

Portfolio Pulse from Natan Ponieman

May 02, 2024 | 7:37 pm

AKAM

Dan Hesse, former CEO of Sprint, discussed his leadership and the company's turnaround on the 'Raz Report' podcast. He emphasized the importance of merging cultures post-Sprint and Nextel merger and his focus on accountability. Hesse, now chairman of Akamai Technologies (NASDAQ:AKAM), shared insights from his career journey, from cleaning sewers to leading tech companies.

Portfolio Pulse from Chris Katje

May 02, 2024 | 6:34 pm

HSY

Hershey is conducting a review of its US media roster, focusing on areas such as connections planning and integrated investment. The review aims to optimize its media strategy and partnerships.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 6:06 pm

NDRA

ENDRA Life Sciences shares are trading higher following the announcement of the issuance of five new patents, indicating a positive development for the company's intellectual property portfolio.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:54 pm

BA

SPR

Joshua Dean, a former quality auditor at Spirit AeroSystems and Boeing whistleblower, died from a severe infection. Dean had raised concerns about production defects at Spirit AeroSystems, which manufactures parts for Boeing, and was fired in 2022. His death follows another Boeing whistleblower's death by alleged suicide two months prior. Dean had filed complaints with the FAA and the Department of Labor regarding his termination and safety concerns. His case was pending at the time of his death.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:24 pm

EIS

ISRA

SPY

USO

President Biden stated that the National Guard should not intervene in campus protests, affirming no change in Middle East policy due to these protests. He emphasized the importance of upholding both the rule of law and freedom of speech.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:13 pm

CMCSA

Comcast has been awarded over $61M by the Commonwealth of Pennsylvania to expand its network to unserved and underserved homes and businesses across 158 municipalities in 13 counties. This expansion, expected to complete by late 2026, will provide gigabit plus speeds and access to Comcast's suite of services including Xfinity Internet, TV, Streaming, Mobile, and Comcast Business Internet. The project is part of the Broadband Infrastructure Program funded by the CPF, with additional matching funding from Washington County. Comcast's expansion efforts in Pennsylvania also include significant investments in technology, infrastructure, digital equity, and community partnerships.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:12 pm

ORCL

Oracle has launched Oracle Database 23ai, enhancing its database services with AI capabilities, including AI Vector Search for efficient data search and analysis. This release, available on Oracle Cloud Infrastructure and other platforms, introduces over 300 features aimed at simplifying AI integration, accelerating application development, and supporting mission-critical workloads. Key innovations include AI Vector Search, Exadata System Software 24ai for faster AI searches, OCI GoldenGate 23ai for real-time data replication, and new developer-friendly features like JSON Relational Unification and Free Developer Databases. Oracle also introduced mission-critical data solutions such as Globally Distributed Database with RAFT for hyperscale and data sovereignty, True Cache for improved application performance, and an In-Database SQL Firewall for enhanced security.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:06 pm

FDIS

TSLA

XLY

Tesla Inc (NASDAQ:TSLA) has rescinded internship offers due to budget constraints, leaving many students in a difficult position. The company's decision is part of broader cost-cutting measures, including a 10% global workforce reduction announced by CEO Elon Musk. This comes amid concerns over declining electric vehicle sales and high expenditures, with Tesla reporting an 8.5% year-on-year decline in first-quarter deliveries. The company also plans to slow down the expansion of its supercharger network. Despite these challenges, Tesla stock has gained over 12% in the last 12 months, and investors can gain exposure to Tesla through ETFs like the Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) and Fidelity MSCI Consumer Discretionary Index ETF (NYSE:FDIS).

Portfolio Pulse from Shivani Kumaresan

May 02, 2024 | 3:04 pm