Streetbeat News

Corporate Responsibility

TSLA

Elon Musk laughed at Jack Dorsey's comment calling Mark Zuckerberg a 'bum simp' in response to a decade-old remark Zuckerberg made about Twitter. This exchange highlights the ongoing rivalry between Musk and Zuckerberg, especially after Musk's acquisition of Twitter, now X, for $44 billion in October 2022. The incident reflects broader tensions in the tech industry, with Meta facing criticism for its advertising system and Musk working to attract advertisers back to X.

Portfolio Pulse from Ananya Gairola

April 12, 2024 | 10:43 am

HITI

High Tide announced the departure of CFO Sergio Patino effective May 1, 2024, with a new candidate already selected for the position. Details about the new CFO will be released later, and Patino will remain engaged with the company for a transition period.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 10:05 am

RDNT

RadNet has partnered with basketball legend Sheryl Swoopes to promote healthcare equity and access, focusing on combating healthcare disparities and promoting preventive healthcare. Swoopes, motivated by her personal loss to breast cancer within her family, aims to use her platform to advocate for early detection and preventive care, highlighting the potential impact of services like RadNet's MammogramNow.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 10:02 am

GOOG

GOOGL

SPY

Epic Games has requested a U.S. judge to mandate changes to the Google Play Store following a favorable antitrust trial verdict. This move could potentially reshape the app distribution landscape on Android devices, impacting Google's control and revenue from its app store.

Portfolio Pulse from Charles Gross

April 12, 2024 | 9:38 am

NUTX

Nutex Health is implementing a strategic plan to cut costs, achieve positive net income, and enhance cash flow. The company aims to address its NASDAQ minimum bid price deficiency and regain compliance. It has paused the opening of new hospitals until certain financial metrics are met and may close or sell underperforming facilities. Nutex Health believes in its strong balance sheet and its ability to continue improving cash flow and achieving positive Adjusted EBITDA.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 9:36 am

TSLA

Pierre Ferragu, a New Street Research analyst and Tesla Inc. bull, expressed optimism about Elon Musk's artificial intelligence venture, xAI, on X (formerly Twitter). He highlighted xAI's cost advantage, Musk's leadership, and its potential as a distribution asset. Ferragu's comments come amid controversies surrounding xAI, including accusations of plagiarizing OpenAI's codebase. Meanwhile, OpenAI announced upgrades to its GPT-4 Turbo model, indicating intensifying competition in the AI sector.

Portfolio Pulse from Ananya Gairola

April 12, 2024 | 8:27 am

SOL

Marginfi, a Solana-based DeFi protocol, experienced over $214 million in withdrawals following the resignation of its CEO, Edgar Pavlovsky, due to internal disagreements. The departure led to significant fund outflows and a public dispute with Solana staking pool SolBlaze over governance token management. Competitor Solend capitalized on the situation by offering airdrops to dissatisfied Marginfi users. Despite these challenges, Marginfi is committed to mending its partnership with SolBlaze and moving forward.

Portfolio Pulse from Benzinga Neuro

April 12, 2024 | 6:52 am

SGML

Sigma Lithium has expanded its environmental conservation efforts by increasing its tropical forest conservation area. Additionally, the company has received alerts from NASDAQ regarding a delay in filing.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 5:57 am

AAPL

The increasing adoption of Apple Inc.'s Macs in corporate environments has attracted sophisticated hackers, including North Korea's Lazarus Group, targeting the platform's security vulnerabilities. The Transparency, Consent, and Control (TCC) framework of macOS, crucial for user privacy and app permissions, is being exploited for unauthorized access. Despite Apple's security updates, vulnerabilities like the Finder's default Full Disk Access pose significant risks. Companies are urged to adopt protective measures against these threats.

Portfolio Pulse from Ananya Gairola

April 12, 2024 | 4:28 am

GL

Globe Life Inc. (GL) has issued a statement refuting allegations made by Fuzzy Panda Research, calling them false, misleading, and defamatory. The company emphasizes its long-standing business model, sustainable earnings growth, and commitment to ethics and integrity. Globe Life, with over 17 million policies in force, criticized the report for mixing unsubstantiated claims with recycled allegations and intends to explore legal recourse against the responsible parties.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 9:27 pm