Streetbeat News

Corporate Responsibility

SDZNY

Sandoz, a division of Novartis, has received European Commission approval for Pyzchiva (ustekinumab), a biosimilar to the reference medicine, marking a significant step in strengthening its immunology portfolio. The approval is based on a comprehensive development program demonstrating Pyzchiva's similarity in safety, efficacy, and quality to the original medication. This approval highlights Sandoz's ongoing commitment to enhancing access to critical treatments in the field of immunology.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 6:45 am

WKEY

WISeKey International has been selected by the Government of Seychelles to develop 'SeyID', a digital identity platform aimed at supporting eGovernment, eTourism, and eHealth initiatives. This project underscores WISeKey's role as a leader in cybersecurity, digital identity, and IoT innovations.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 6:29 am

RIVN

MEVCO has entered into an exclusive global partnership with Rivian Automotive (RIVN) to supply electric vehicles (EVs) to the mining industry, marking a significant step towards sustainable and efficient mining practices.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 6:26 am

CNHI

CNH Industrial N.V. (NYSE:CNHI) has announced Gerrit Marx as the new CEO effective July 1, 2024, succeeding Scott Wine, who will leave at the end of the current three-year business plan cycle to pursue other interests.

Portfolio Pulse from Charles Gross

April 21, 2024 | 4:22 pm

AAPL

AMZN

GOOG

META

MSFT

SONY

SPOT

Last week in consumer tech saw Alphabet's Google employees protest a cloud contract, SpaceX's Elon Musk accepting a challenge from Roscosmos, and a Texas judge halting an investigation into Media Matters. Sony is releasing a new PS5 version, a Star Wars-Fortnite crossover is announced, and Nintendo showcased indie games. EA plans a Black Panther game, and Apple faces a decline in iPhone shipments but explores manufacturing in Indonesia. Huawei launches new smartphones, Meta's Llama 3 AI model excels in tests, and Spotify's AI DJ personalizes music streaming. Amazon's Twitch to launch a TikTok-style feed, and Microsoft's investment in OpenAI won't face EU investigation.

Portfolio Pulse from Lekha Gupta

April 21, 2024 | 3:01 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) disclosed financial transactions totaling $9.1 million between Elon Musk's companies, including payments to SpaceX, X (formerly Twitter), and The Boring Company, raising concerns about corporate governance. The disclosures, part of Tesla's annual shareholder meeting preparations, reveal a complex web of transactions. Amid these revelations and a 40% year-to-date drop in Tesla's stock price, investor confidence is challenged as Tesla seeks support for a $45 billion stock option package for Musk.

Portfolio Pulse from Bibhu Pattnaik

April 21, 2024 | 2:47 pm

AAPL

Sen. Elizabeth Warren criticized Apple Inc (NASDAQ:AAPL) for its smartphone market 'monopoly', particularly highlighting how the green text bubbles for non-iPhone users can ruin relationships and lead to social exclusion. Warren's comments support a Department of Justice antitrust case against Apple, focusing on the company's control over the smartphone market and its practices that lock users into its services. The DOJ's lawsuit includes claims of social stigmatization due to the blue vs. green text bubble issue, with Apple holding a 57% market share in North America as of January 2024.

Portfolio Pulse from Chris Katje

April 19, 2024 | 8:57 pm

AFJK

Juan Fernandez Pascual has resigned as CEO, Secretary, and Director of Aimei Health Technology. Junheng Xie has been appointed as the new CEO, Secretary, and Director, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:51 pm

BTOG

Bit Origin Ltd announced significant executive changes, including the termination of CFO Xia Wang on Feb 19, and the resignation of CEO and Chairman Lucas Wang on April 10. The current COO has been appointed as the new CEO, Chairman of the Board, and a Director. The company is now searching for a new CFO.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:47 pm

MSFT

Six months following Microsoft's acquisition of Activision Blizzard, Holly Longdale, an executive at World of Warcraft, shared that Microsoft has allowed Blizzard to maintain its autonomy, stating 'There's no one asking us to do anything.' Longdale praised the supportive environment and the opportunities for collaboration with other Microsoft-owned studios. Despite the positive integration, Microsoft's gaming division faced layoffs affecting 1,900 employees and project cancellations. Blizzard also announced a new World of Warcraft expansion, 'The War Within,' generating anticipation.

Portfolio Pulse from Franca Quarneti

April 19, 2024 | 8:32 pm