Streetbeat News

Corporate Responsibility

PHVS

Pharvaris has announced the appointment of David Nassif as its new Chief Financial Officer. This strategic move aims to strengthen the company's financial leadership as it progresses in its development and commercialization efforts.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 8:10 pm

PHVS

Pharvaris, a biopharmaceutical company, has announced the appointment of David Nassif as its new Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 8:09 pm

PBR

Petrobras CEO will continue leading the Brazilian oil giant as tensions with President Lula de Silva ease, according to a Bloomberg report. This development may signal stability in the company's leadership and strategic direction amidst political disputes.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 6:59 pm

GM

GT

LMT

LUNR

NASA announced that three teams, including one partnered with General Motors (GM), Lockheed Martin (LMT), Goodyear Tire (GT), and others, are developing lunar terrain vehicles for Moon missions. Intuitive Machines (LUNR) is also mentioned as a key player. The vehicles, potentially powered by GM's Ultium technology, are part of NASA's efforts to return astronauts to the Moon by 2026. The selection of a winning team could intensify the rivalry between automotive companies in space exploration.

Portfolio Pulse from Chris Katje

April 10, 2024 | 6:36 pm

NVGS

Navigator Gas (NYSE:NVGS) is focusing on growth opportunities in ammonia and CO2 transportation, leveraging its fleet's flexibility and expanding its ethylene export terminal. The company's strong financial performance is attributed to high demand across its product segments and operational efficiency. NVGS's strategic investments, including a 14.5% interest in Azane Fuel Solutions, aim to capitalize on the shipping industry's shift to low-carbon fuels. With record operating revenue and net income in Q4 2023, NVGS is committed to returning capital to shareholders through dividends and share repurchases, while planning for long-term growth by exploring further opportunities in green transition segments.

Portfolio Pulse from Capital Link

April 10, 2024 | 6:21 pm

AMZN

Chris Brearton is stepping down from his role at Amazon, where he has been instrumental in integrating MGM into Prime Video and Amazon Studios since Amazon's acquisition of MGM for $8.5 billion in 2022. Brearton, who joined MGM in 2018 and took on a broader role post-acquisition, is leaving to pursue a new opportunity. His responsibilities will be redistributed among senior executives, with changes in reporting structures for MGM+ and MGM Television, as well as the MGM Unscripted team. Amazon Studios boss Jennifer Salke and other senior leaders praised Brearton's contributions.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 5:52 pm

PARA

PARAA

Two board members of Paramount, who are part of the committee considering merger options, are planning to depart. This development occurs as Paramount is in discussions with Skydance Media about a potential merger. Additionally, three directors are expected to leave the Paramount board, according to sources.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 4:52 pm

UBER

Uber Technologies, Inc. (NYSE:UBER) introduced enhanced safety features aimed at empowering women passengers by making it easier to use in-app safety tools, especially at night. This move comes amid rising concerns over passenger safety, with a significant percentage of women feeling unsafe at night. The new features allow users to customize their safety preferences, such as automatically turning on up to four safety tools based on time or location. These updates are now available in the U.S., Canada, and Latin America, with plans to expand to more countries. Despite these improvements, Uber's stock traded lower by 1.05% to $74.35. The company has faced criticism in the past for its handling of reported assaults by drivers but reported a decline in severe sexual assault reports in recent years.

Portfolio Pulse from Nabaparna Bhattacharya

April 10, 2024 | 4:49 pm

DTEGF

EADSF

GOOGL

MSFT

ORAN

Deutsche Telekom and Airbus have criticized a proposal that would permit major technology companies to access cloud data within the European Union. This plan raises concerns about privacy and data security among European corporations.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 4:08 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares dropped 2.84% amid news of CEO Elon Musk's planned visit to India to meet Prime Minister Narendra Modi. The visit, coinciding with India's elections, aims to announce investments for a new Tesla factory. Musk's trip is seen as a move to bolster Modi's pro-business image and Tesla's interest in the Indian market, with the company having lobbied for lower import taxes and started production of right-hand drive vehicles for India.

Portfolio Pulse from Nabaparna Bhattacharya

April 10, 2024 | 3:50 pm