Streetbeat News

Corporate Responsibility

PLTR

Palantir is expanding its commercial business by pitching its AI platform, AIP, to advertising agencies for use in inventory planning, programmatic sales, and campaign optimization. Despite its controversial work with intelligence agencies, Palantir has secured clients like United Airlines, Tyson Foods, and more recently, Lowe's and General Mills for AIP. The company aims to differentiate itself in the ad industry, amidst growing interest in AI, while facing potential reputational risks due to its government work.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:17 pm

X

White House's Lael Brainard commented on the significance of the steel industry to national security, economic security, and supply chain considerations, highlighting its critical role in the U.S. economy.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:16 pm

PRI

Primerica, Inc. (NYSE:PRI) shares fell after the Bear Cave issued a short report alleging deceptive behavior by the company's top agents. The report claims these agents engage in misleading practices, including obfuscating their association with Primerica and emphasizing recruiting over product sales. The Bear Cave's allegations are based on evidence such as a recorded Zoom presentation, a recruiting script, and complaints filed with the Florida Attorney General's Office. Primerica has not responded to these allegations.

Portfolio Pulse from Adam Eckert

April 18, 2024 | 4:02 pm

RTX

RTX Corp has signed its largest renewable energy agreement with ENGIE Resources LLC, a subsidiary of ENGIE North America, to supply 100% renewable electricity to 12 of its Texas facilities until 2033. This deal nearly doubles RTX's renewable electricity usage in 2023 and will reduce its carbon emissions by 560,000 metric tons, supporting its goals for 2025 and 2030 in renewable energy usage and greenhouse gas reduction.

Portfolio Pulse from Shivani Kumaresan

April 18, 2024 | 3:48 pm

USDTUSD

Tether, the world's largest stablecoin creator, is restructuring into four divisions to expand its focus beyond stablecoins. The divisions include Data, focusing on AI investments; Finance, managing the USDT stablecoin; Power, overseeing Bitcoin mining investments; and Education, for educational activities. This move comes amid criticisms of Tether's transparency and reports of USDT being used to fund war activities by a Russian operative. Tether reported $6.2 billion in profits in its 2023 annual report, with significant USDT usage in countries like Brazil and Nigeria.

Portfolio Pulse from Khyathi Dalal

April 18, 2024 | 3:40 pm

ALK

BA

Alaska Air's CEO announced during a conference call that they will hold Boeing to the highest standards for quality directly from the factory, emphasizing the importance of aircraft quality and safety.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:40 pm

CF

CF Industries Holdings has entered into a joint development agreement with JERA to develop greenfield low-carbon ammonia production capacity in the United States, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:09 pm

PRI

The Bear Cave published a report titled "Problems At Primerica (PRI)", indicating potential issues at the company. This could impact investor sentiment and the stock's performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 2:33 pm

WINA

Winmark Corporation (WINA) has entered into a multi-year partnership with STX, LLC to become the Official Resale Partner for STX. The partnership aims to purchase quality used lacrosse equipment through Winmark's Play It Again Sports locations to promote sustainability and make the sport more accessible to new players. This collaboration will include a yearly Sponsored Buy Drive and co-branded sustainability-focused content to be shared across social channels and promoted through Play It Again Sports' local stores, website, and national PR efforts.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 2:32 pm

LHX

L3Harris is set to expand and modernize its solid rocket motor manufacturing facility in Virginia, with the majority of the $41.2M investment stemming from a cooperative agreement signed with the Department of Defense (DoD) last year through Aerojet Rocketdyne. The Commonwealth of Virginia and Orange County are providing approximately $2.18M in incentives to support the site improvement and construction efforts.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 2:19 pm