Streetbeat News

Corporate Responsibility

TSLA

Ross Gerber and Dan Ives have expressed support for Tesla's strategic shift following its Q1 results, despite a revenue drop. Gerber, CEO of Gerber Kawasaki Wealth, is optimistic about Tesla's future, highlighting the difference between being a shareholder and a customer. Dan Ives, an analyst at Wedbush, praised Elon Musk's leadership, especially after Tesla announced plans to accelerate the launch of new, more affordable models. Tesla's shares surged 13.38% in after-hours trading despite a 9% year-over-year revenue drop to $21 billion in Q1, missing estimates.

Portfolio Pulse from Benzinga Neuro

April 24, 2024 | 4:21 am

TSLA

Elon Musk, CEO of Tesla and SpaceX, praised Japanese video games for not being influenced by 'woke DEI lies,' contrasting them with games that incorporate such themes. Musk's comments reflect his ongoing criticism of DEI initiatives, which he has previously labeled as 'extremely anti-Semitic' and 'dangerous.' Despite controversies, Musk's opinions, especially on games like 'Elden Ring,' have significantly impacted their popularity and sales.

Portfolio Pulse from Ananya Gairola

April 24, 2024 | 3:15 am

TSLA

Tesla CEO Elon Musk has stated that the majority of his work time is dedicated to Tesla, highlighting his commitment to the electric vehicle company.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:03 pm

SMFL

Smart for Life, Inc. has successfully completed its restructuring program, aiming to improve its operational efficiency and financial health.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 9:32 pm

TCMD

Tactile Systems Technology has announced the appointment of Sheri Dodd as its new CEO. This leadership change is significant for the company as it aims to navigate through its next phase of growth and development.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:46 pm

HCI

HCI Group has entered into a five-year employment agreement with CEO Paresh Patel, ensuring leadership stability and strategic continuity for the company. This move could signal confidence in Patel's leadership and the company's future direction, potentially impacting investor sentiment positively.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:38 pm

BA

SPR

Spirit Aerosystems announced that Boeing will make an advance payment of $425M to support Boeing's contractual demands, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:12 pm

TSLA

Tesla has announced a cost-cutting exercise aimed at increasing operational efficiency and a commitment to reducing company-wide costs, including the cost of goods sold (COGS) per vehicle.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:10 pm

DAWN

Day One's OJEMDA has received accelerated approval from the U.S. FDA for treating relapsed or refractory pediatric low-grade glioma (pLGG) with BRAF alterations. It's the first FDA-approved type II RAF inhibitor for this condition, showing a 51% overall response rate in the RAPNO LGG study. Day One also received a rare pediatric disease priority review voucher. A conference call and webcast are scheduled for April 24, 8:30 a.m. Eastern Time.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 7:58 pm

SSP

E.W. Scripps Company is reportedly exploring the sale of Bounce TV, a broadcast network focusing on Black culture. This move is part of the company's strategic review of its assets to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 7:48 pm