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Corporate Responsibility

AMZN

VCR

XLY

Amazon.com Inc (NASDAQ:AMZN) has significantly invested in robotics and AI across its European fulfillment centers, introducing over 1,000 new technologies and investing more than 700 million euros. This advancement has enriched over 50,000 jobs and created 700 new job categories, despite a reduction in its human workforce from 1.6 million in 2021 to 1.5 million. The deployment of over 750,000 robots aims to enhance efficiency, safety, and delivery speeds. Amazon's stock has seen a 92% increase over the last 12 months, with exposure available through ETFs like SPDR Select Sector Fund – Consumer Discretionary (NYSE:XLY) and Vanguard Consumer Discretion ETF (NYSE:VCR).

Portfolio Pulse from Anusuya Lahiri

April 12, 2024 | 3:27 pm

SRE

Mitsui & Co and Mitsubishi Corp are collaborating with U.S.-based Sempra Infrastructure to sell liquefied natural gas (LNG) that generates up to 90% less carbon dioxide. They are in discussions to sell this LNG to Japanese electricity and gas companies, aiming to start production around 2029 at a major LNG facility in Louisiana.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 3:14 pm

C

Citi CEO announced during a conference call that the bank is focusing on automating certain regulatory processes and the data related to regulatory reporting. This move is aimed at enhancing efficiency and accuracy in compliance operations.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 3:11 pm

C

Citigroup CEO Jane Fraser announced during a conference call that the elimination of remaining stranded costs is expected to drive $2B-$2.5B in cumulative annualized run rate savings in the medium term.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 3:11 pm

MSFT

Sam Altman, CEO of OpenAI, has been engaging with Fortune 500 executives to showcase OpenAI's AI services, including ChatGPT Enterprise, directly competing with Microsoft (NASDAQ:MSFT), their main investor. Meetings in major cities have attracted over 100 senior executives each, discussing applications in finance, healthcare, and energy. OpenAI emphasizes direct collaboration benefits over Microsoft's Azure platform services. OpenAI's valuation hit $86 billion, nearing a $1 billion revenue goal for 2024, with over 600,000 users for ChatGPT Enterprise and Team.

Portfolio Pulse from Michael Cohen

April 12, 2024 | 3:07 pm

NKE

On CNBC, Nike CEO John Donahoe discussed various aspects of the company, including its overall business strategy, focus on wholesale, and commitment to women's basketball.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 2:50 pm

AZN

LLY

NVO

SNY

The European Medicines Agency's PRAC found no substantial evidence linking GLP-1 receptor agonists, used for type 2 diabetes and weight management, to suicidal behaviors. This follows similar findings by the FDA. Medications reviewed include those from Novo Nordisk, AstraZeneca, Sanofi, and Eli Lilly. The PRAC requested additional data from these companies and concluded no changes to product information are necessary, with companies to continue monitoring and reporting.

Portfolio Pulse from Vandana Singh

April 12, 2024 | 2:40 pm

AAPL

TSLA

Tesla Inc. (TSLA) and Apple Inc. (AAPL) are facing challenges in China due to an economic slowdown and growing competition from local companies like BYD Company Ltd. and Huawei Technologies. Despite these challenges, analyst Dan Ives believes both companies cannot abandon China, a crucial market for their growth. Tesla has seen some positive vehicle sales, while Apple's sales dropped 33% year-on-year in February. Both companies are advised to navigate through these challenges without abandoning the Chinese market.

Portfolio Pulse from Rounak Jain

April 12, 2024 | 2:04 pm

BA

LUV

UAL

Southwest Airlines expects fewer Boeing jet deliveries this year, impacting its growth. Initially planning for 85 Boeing MAX jets, now only about 20 are expected due to Boeing's production cuts and regulatory issues. This reduction affects Southwest's operational targets and financial outlook, with similar challenges faced by United Airlines.

Portfolio Pulse from Shivani Kumaresan

April 12, 2024 | 1:31 pm

ZTS

The Wall Street Journal reported on concerns among pet owners who blame Zoetis' arthritis medications for the deaths of their pets, although veterinarians remain uncertain about the cause. Zoetis maintains that side effects are rare and asserts the safety of its products.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 1:30 pm