Streetbeat News

Corporate Responsibility

GM

The United Auto Workers (UAW) announced that Aramark workers, servicing General Motors (GM), will receive retroactive back pay from March 15, the day the previous contract expired. Additionally, the UAW successfully negotiated a reduction in the time required for Aramark workers at GM facilities to reach the top wage rate, marking a significant gain for sanitation workers.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 6:49 pm

GM

The United Auto Workers (UAW) announced a historic tentative agreement for General Motors Aramark workers, which includes raises of up to 43% over the three-year term of the proposed deal. This agreement is seen as a significant win for sanitation workers, setting a new standard in the industry.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 6:45 pm

UNH

UnitedHealth Group CEO, Andrew Witty, is scheduled to attend a U.S. Senate Committee on Finance hearing on April 30, 2024, to discuss the Change Healthcare cyber attack and its implications for the future of healthcare cybersecurity.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 6:13 pm

CRM

FEPI

INFA

MRAD

Salesforce Inc (NYSE:CRM) is advocating for increased environmental regulation on AI, emphasizing the need for standardized emissions reporting due to the technology sector's high energy usage. The company announced its intention to push for legislation that mandates AI emissions disclosure. Additionally, Salesforce ended acquisition talks with Informatica Inc (NYSE:INFA) due to disagreements on merger terms. Salesforce stock has seen a 41% gain in the last 12 months, with exposure available through ETFs like FEPI and MRAD.

Portfolio Pulse from Anusuya Lahiri

April 23, 2024 | 5:36 pm

META

Elon Musk's social media platform X, formerly Twitter, announced the launch of the X TV App, aiming to offer real-time, engaging content on smart TVs. CEO Linda Yaccarino highlighted the app's focus on a high-quality, immersive entertainment experience. The app will allow for a cross-device experience and personalized video organization. Musk criticized Meta Inc.'s Instagram, particularly for its logo watermark on Reels. Hyundai halted its advertising on X due to the appearance of pro-Nazi content, and Pakistan blocked access to X citing national security concerns.

Portfolio Pulse from Lekha Gupta

April 23, 2024 | 5:30 pm

ADM

FTRI

FTXG

Archer-Daniels-Midland Company (ADM) shares fell after CFO Vikram Luthar announced his resignation effective September 30, 2024. Luthar, who was placed on leave in January 2024 amid an accounting probe in the Nutrition division, will remain as a non-executive employee to aid in the transition. The company recently reported Q4 FY23 revenues and adjusted EPS that missed consensus estimates. Investors can also gain exposure to ADM through ETFs like FTXG and FTRI.

Portfolio Pulse from Lekha Gupta

April 23, 2024 | 4:32 pm

KKR

German media company Axel Springer, owner of Insider and Politico, is reportedly considering acquiring The Wall Street Journal to expand its U.S. presence. This ambition aligns with CEO Mathias Döpfner's growth plans in the U.S. amidst the evolving role of AI in journalism. The company's expansion efforts are also aimed at enhancing returns for its largest shareholder, KKR & Co. However, a conflict with investor Bill Ackman over Insider's coverage could divert resources, potentially affecting growth. Axel Springer's past political engagements, including relationships with figures from the Trump administration, highlight its complex position in U.S. media politics.

Portfolio Pulse from Chris Katje

April 23, 2024 | 4:31 pm

JPM

SPY

JPMorgan CEO advocates for the inclusion of 'practitioners' in government decision-making, suggesting that their expertise could lead to more effective governance. This statement underscores the importance of industry experience in shaping policies that impact the financial sector and the broader economy.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 4:29 pm

FXI

JPM

SPY

JPMorgan CEO Jamie Dimon, speaking at the Economic Club of New York, described the current geopolitical situation as the most complicated and dangerous since World War II, highlighting the complexity of the U.S.-China relationship. He mentioned the possibility of stagflation reoccurring but also noted that the U.S. economy is currently booming.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 4:25 pm

APD

EWC

Air Products announced plans to build a network of commercial-scale multi-modal hydrogen refueling stations between Edmonton and Calgary, Alberta, Canada. This initiative aligns with Canada's climate and energy goals and supports the 5,000 Hydrogen Vehicle Challenge.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 4:21 pm