Streetbeat News

Corporate Responsibility

AAPL

PTON

SPY

Stock indexes rose after the Federal Reserve's decision on Wednesday. Peloton announced a CEO transition and plans to reduce its workforce. Apple is set to report its earnings after the market closes.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:56 pm

PXD

XOM

Pioneer Natural Resources (PXD) has responded to a complaint by the FTC regarding its proposed merger with ExxonMobil (XOM), specifically addressing concerns about Mr. Sheffield's eligibility to serve on ExxonMobil's Board. Despite the FTC's complaint, Pioneer and Mr. Sheffield are proceeding with the merger, prioritizing the interests of investors, employees, and the U.S. energy sector.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:36 pm

KSCP

Knightscope has achieved a significant milestone by deploying its K5 GOV autonomous security robot with the U.S. Department of Veterans Affairs. This marks the company's entrance into the federal sector, highlighting its innovation in public safety.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:30 pm

BP

CVX

SHEL

XOM

Rep. Jamie Raskin criticized the petroleum industry for deceiving the public about climate change, hindering progress on addressing the crisis. During a Senate Budget Committee hearing, Raskin highlighted a report from a three-year investigation into the industry's evasion of climate responsibility, naming Exxon, Chevron, Shell, and BP among those obstructing the investigation. This comes as the world shifts away from fossil fuels, aiming for a 'net zero' carbon emissions target by 2050.

Portfolio Pulse from Benzinga Neuro

May 02, 2024 | 1:26 pm

INTA

Intapp (NASDAQ:INTA), a global provider of AI-powered software for professional services, has acquired Transform Data International (TDI), a company focused on digital workplaces based on Microsoft 365 for professional services firms. TDI, a longtime Intapp partner, develops software add-ons for Intapp Collaboration solutions and serves clients in over 15 countries. The acquisition aims to enhance efficiency and productivity for professionals by integrating TDI's expertise and solutions into Intapp's offerings, particularly in facilitating collaboration within Microsoft applications.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:13 pm

BB

BlackBerry Limited has launched CylanceMDR, an AI-powered Managed Detection and Response solution, offering 24x7 threat protection with a $1 million guarantee for eligible customers. The service, powered by the Cylance AI platform, includes three new packages tailored to various cybersecurity needs and is designed to be cost-effective, with a reported ROI of almost three times according to a Forrester study. The solution combines technology with human expertise, aiming to alleviate the strain on IT resources and address the growing cybersecurity challenges faced by businesses.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:10 pm

BCOV

Brightcove (NASDAQ:BCOV) has integrated Amazon Q Business, a generative AI assistant from Amazon Web Services (AWS), to enhance its customer service efficiency and quality. This AI-powered chatbot, named 'Brightcove Expert Bot,' is designed to streamline customer support processes, enabling quicker and more effective solutions for technical cases and support requests. The adoption of Amazon Q represents a significant step in Brightcove's commitment to innovation and leveraging AI to improve internal operations and customer-facing workflows.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:09 pm

TDC

Teradata has renewed and expanded its Strategic Collaboration Agreement with AWS to support cloud migration, data analytic ecosystem modernization, and AI opportunities for customers. This collaboration will leverage AWS services like Amazon SageMaker and Teradata VantageCloud, aiming to provide fast, flexible cloud access, simplified cloud platform access through AWS Marketplace, and industry-specific solutions for impactful business outcomes. The partnership also focuses on developing generative AI analytics use cases, with Teradata VantageCloud integrating with Amazon Bedrock for enterprise-grade AI applications.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:06 pm

SYF

Synchrony (NYSE:SYF) has renewed its partnership with Affordable Care, LLC to continue offering its CareCredit health and wellness credit card as a payment option in over 450 dental practices across 43 states. This partnership aims to make dental care more accessible by providing special financing options for dental implants and dentures, addressing the concern that 58% of people find dental care unaffordable. CareCredit, endorsed by major dental associations, is accepted at over 266,000 healthcare locations and offers tools to educate patients on financing dental care.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:05 pm

TSLA

S&P lowered Tesla's governance score due to concerns over Elon Musk's dominant role and key-person risk, despite affirming its 'BBB' credit rating. The downgrade was influenced by Musk's significant influence, the company's lawsuit exposures, and board ineffectiveness. S&P suggests increasing board independence to mitigate risks. Despite these governance concerns, Tesla's strong market position and liquidity were highlighted, with expectations of sustained EBITDA margin strength. Tesla's price cuts to maintain market share, efficiency improvements, and strategic initiatives like supercharger network access and software licensing are expected to support its competitive advantage.

Portfolio Pulse from Anan Ashraf

May 02, 2024 | 1:00 pm