Streetbeat News

Corporate Responsibility

GOOG

GOOX

IXP

Several Alphabet Inc. (GOOG) employees were arrested after protesting the company's $1.2 billion cloud contract with Israel. The protests, led by the group No Tech For Apartheid, took place in New York and Sunnyvale, California, involving sit-ins and the occupation of Google Cloud CEO's office. The protesters demand withdrawal from the 'Project Nimbus' contract with Israel. Nine protesters were arrested, and participants face disciplinary actions. Investors can track Alphabet's stock impact through ETFs like GOOX and IXP.

Portfolio Pulse from Lekha Gupta

April 17, 2024 | 6:00 pm

EDR

WWE

WWE has undergone significant changes with Vince McMahon merging it with Endeavor Group's UFC to form TKO, where he serves as executive chairman. McMahon's departure from day-to-day operations has led to a more relaxed company culture under the leadership of Paul Levesque and Nick Khan. WWE has secured lucrative media rights deals with NBCUniversal and Netflix, signaling a strong post-McMahon direction. McMahon has also sold a substantial amount of TKO shares since stepping down.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:55 pm

TKO

WWE

Ex-WWE CEO Vince McMahon, after resigning amid allegations of sexual abuse and trafficking by former employee Janel Grant, is living lavishly and staying in touch with notable figures like Donald Trump, John Cena, and Dwayne Johnson. Despite facing a federal criminal investigation, McMahon has not been charged and is cooperating with authorities. WWE, under the new leadership of TKO Group Holdings and transitioning into the Paul Levesque era, is moving forward with significant media rights deals and a more relaxed work environment.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:54 pm

ADDDF

ADDYY

NKE

Adidas AG (OTC:ADDYY) (OTC:ADDDF) raised its 2024 profit outlook after a better than expected Q1, signaling recovery from its first annual loss in over 30 years and struggles in North America. CEO Bjorn Gulden's efforts, including inventory reduction, are showing positive signs. Meanwhile, Nike Inc (NYSE:NKE) faces challenges in innovation due to remote work but is implementing a restructuring plan to save $2 billion over three years.

Portfolio Pulse from Upwallstreet

April 17, 2024 | 5:31 pm

XPER

Rubric Capital Management LP, holding approximately 9.0% of Xperi Inc.'s shares, has filed a proxy statement for the election of Thomas A. Lacey and Deborah S. Conrad to Xperi's Board at the 2024 Annual Meeting. Rubric criticizes the current Board for poor performance, excessive executive compensation, and poor capital allocation, urging shareholders to vote for their nominees to improve long-term value.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 4:57 pm

GOOG

GOOGL

The Jerusalem Post inaccurately reported that Google arrested and suspended anti-Israel workers. In reality, protesters were arrested by police officers after they refused to leave Google Cloud CEO Thomas Kurian's Sunnyvale office.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 4:11 pm

GOOGL

Anti-Israel activists, including some Google employees, were arrested after occupying Google's offices in New York City and Sunnyvale for nearly 10 hours to protest Google's contracts with the Israeli government, specifically Project Nimbus. The protesters, part of the No Tech for Apartheid movement, demand the cancellation of these contracts, claiming Google's technology supports occupation and genocide in Gaza. Google responded by putting the involved employees on administrative leave and cutting their system access, citing policy violations. The protest is part of a larger campaign against Project Nimbus, which also saw Google and Amazon workers publishing an open letter condemning the project. Despite these protests, Alphabet stockholders voted against assessing the company's role in Project Nimbus.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:58 pm

MSOS

Mario Naric discussed maintaining a risk registry for their business at the Cannabis Capital Conference, highlighting the importance of risk management. The conference is accessible live to existing subscribers, with instant access provided to new users.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:48 pm

UAL

United Airlines CEO announced during a conference call that the FAA review is mainly hindering the company from introducing new aircraft into service. The CEO refrained from predicting when the FAA review would conclude.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:42 pm

GPRO

Citron Research has posted a tweet with a poll suggesting that GoPro's CEO, Nick Woodman, 'owes his shareholders money'. This public statement by a notable short-seller could influence investor sentiment towards GoPro.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:38 pm