Streetbeat News

Corporate Responsibility

META

Meta Platforms Inc (NASDAQ:META) has navigated through controversies, such as blocking a climate change report, to reach new heights with its stock hitting a record high of $530.70. The company's stock has risen 48% in 2024, with a focus on surpassing the $600 mark. Meta also plans to introduce a 'Made with AI' label for AI-generated content on its platforms, aiming to enhance transparency.

Portfolio Pulse from Zaheer Anwari

April 09, 2024 | 1:44 pm

BEAT

HeartBeam presented new data at the European Heart Rhythm Association Conference showcasing the capabilities of its HeartBeam AI technology. The data indicates that when combined with Vectorcardiography (VCG), HeartBeam AI significantly enhances the detection of Atrial Flutter compared to the single-lead ECGs found in leading smartwatches and other wearables.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:42 pm

AMZN

ARM

NVDA

Arm Holdings plc CEO Rene Haas warned that AI data centers could consume 25% of U.S. power by 2030 without improved energy efficiency. Arm and its parent company, SoftBank Group, are funding a $110 million initiative for AI research in the U.S. and Japan to address this issue. The initiative, supported by major tech companies including Amazon.com Inc. and Nvidia Corp., aims to reduce AI's electricity demand, which is significantly higher than current levels.

Portfolio Pulse from Piero Cingari

April 09, 2024 | 1:38 pm

QLGN

Qualigen Therapeutics presented a poster at the American Association of Cancer Research 2024 Annual Meeting, showcasing early clinical experience with its drug QN-302. This presentation highlights the company's progress in cancer research and development.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:34 pm

MYMD

MyMD Pharmaceuticals, Inc. (MYMD) entered into an Omnibus Waiver and Amendment Agreement with certain accredited investors, deferring payment due dates and waiving breaches under a previously announced Securities Purchase Agreement. This agreement also includes amendments to the Certificate of Designations, allowing Preferred Shareholders voting rights with Common Stockholders and the right to elect one director by June 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:30 pm

TWLO

Twilio's fifth annual State of Customer Engagement Report reveals that consumers spend 54% more on brands offering personalized experiences. However, only 16% of brands possess the necessary customer data for personalization. Additionally, 49% of consumers would trust brands more if they disclosed how customer data is used in AI-powered interactions.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:27 pm

TCNNF

Kim Rivers, CEO of Trulieve (OTCQX:TCNNF), responded to Florida Governor Ron DeSantis's negative views on cannabis legalization, arguing that cannabis is scientifically proven to be healthier than alcohol and that its legalization in Florida would improve residents' quality of life. Trulieve has contributed $40 million to the Smart & Safe Florida campaign to support the cannabis legalization initiative, known as Amendment 3, which will be on the November 2024 ballot. If passed, this initiative could significantly expand the market for existing medical cannabis companies and increase state tax revenues.

Portfolio Pulse from Maureen Meehan

April 09, 2024 | 1:16 pm

MA

Mastercard announced a realignment of its organizational structure to better support its strategic priorities, aiming to position the company for future growth. This move reflects Mastercard's focus on adapting to the evolving financial landscape and enhancing its competitiveness.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:11 pm

BE

Bloom Energy Inc (NYSE:BE) shares are up in premarket trading after being awarded up to $75 million in tax credits by the Department of Energy, Treasury, and IRS under the Qualifying Advanced Energy Project 48C initiative. This funding, part of a $4 billion initiative announced by the White House, supports Bloom's expansion of domestic manufacturing and production capacity at its Fremont, California plant. The plant's output is significant for Bloom's Energy Server platform and Bloom Electrolyzer, contributing to the energy industry's decarbonization efforts.

Portfolio Pulse from Shivani Kumaresan

April 09, 2024 | 1:11 pm

ABT

EMR

F

HE

SE

VRTX

Jim Cramer discussed various companies on CNBC's 'Mad Money Lightning Round,' expressing preferences and concerns about their stocks. He prefers Abbott Laboratories over Penumbra, Inc., is wary of Hawaiian Electric Industries due to environmental damage, finds Sibanye Stillwater Limited strange, praises Emerson Electric Co. for recovering from a hostile takeover, criticizes a policy affecting Excelerate Energy, Inc., sees potential in Ford Motor Company despite underperformance compared to General Motors, and lauds Vertex Pharmaceuticals Incorporated.

Portfolio Pulse from Avi Kapoor

April 09, 2024 | 1:10 pm