Streetbeat News

Corporate Responsibility

IXN

MSFT

VGT

Microsoft Corp (NASDAQ:MSFT) has announced a significant £2.5 billion investment in the UK, focusing on AI talent acquisition and data center expansion. This includes the establishment of a new consumer AI division hub in London, led by AI scientist Jordan Hoffmann, formerly of Inflection AI. The investment aims to expand Microsoft's data center footprint in the UK and train over a million people for the AI economy. Microsoft's stock has seen a 47% increase over the last 12 months, and exposure to MSFT can be gained through IShares Global Tech ETF (NYSE:IXN) and Vanguard Information Tech ETF (NYSE:VGT).

Portfolio Pulse from Anusuya Lahiri

April 08, 2024 | 2:39 pm

XXII

22nd Century Group, Inc. (NASDAQ:XXII) stock has fallen 45% to $1.96, likely due to profit-taking after announcing a new cigarette production contract. The company also revealed a debt-for-equity exchange to eliminate senior secured debt, finalized agreements for stock and warrants purchases, and announced executive appointments, aiming for cash positivity by Q1 2025.

Portfolio Pulse from Henry Khederian

April 08, 2024 | 2:31 pm

SSL

The Minister of Forestry, Fisheries and the Environment overturned a previous decision, allowing Sasol South Africa (SSA) to regulate sulphur dioxide emissions from its Secunda Operations based on load limits rather than concentration limits, from April 2025 to March 2030. This decision follows an appeal by SSA against the National Air Quality Officer's refusal to permit alternative emission load regulation. Sasol aims to improve air quality and reduce its environmental footprint, and will work with the Minister to finalize regulatory requirements.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 2:29 pm

ACN

Accenture (NYSE:ACN) has acquired Axis Corporate, a Spanish management and technology consulting firm specializing in financial services. This acquisition enhances Accenture's offerings in Spain, allowing financial services companies to reinvent their business models, manage costs more effectively, and develop new products faster. Axis Corporate, founded in 2005 and headquartered in Barcelona, brings approximately 110 specialized professionals to Accenture's Strategy & Consulting practice. The acquisition aims to bolster Accenture's ability to accelerate continuous reinvention for its clients in the financial services sector.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 2:16 pm

JPM

JPMorgan Chase & Co. has released its 2023 Annual Report, emphasizing that CEO transition is a top priority. The report, including letters from the Chairman & CEO and other business heads, is available on the firm's Investor Relations website.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 1:33 pm

GANX

Gain Therapeutics has announced the appointment of Gene Mack as its new Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 1:27 pm

DELL

FJTSY

HPE

INTC

R2 Semiconductor has filed a patent infringement lawsuit against Intel and its customers, including Dell and HP, in France, following successful court actions in Germany. The lawsuit, which concerns integrated voltage regulation technology, comes ahead of a similar trial against Intel in the U.K. R2 has also sued Amazon Web Services and Fujitsu in Germany for using infringing Intel chips. R2's technology is claimed to be critical to Intel's products in various markets, yet R2 alleges it has not been compensated.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 1:04 pm

COIN

Cathie Wood, CEO of ARK Invest, praised Hong Kong's cryptocurrency regulation for its clarity and institutional support, contrasting it with the U.S.'s fragmented regulatory environment. She highlighted the negative impact of the U.S.'s regulatory uncertainty on the crypto industry, including a 'brain drain' to more crypto-friendly jurisdictions. Notably, exchanges like Coinbase Inc. (NASDAQ:COIN) have expanded internationally due to these challenges.

Portfolio Pulse from Murtuza Merchant

April 08, 2024 | 1:03 pm

CELU

Celularity Inc. (NASDAQ:CELU), a biotech company, announced it will present in vitro data at the ASGCT Annual Meeting, suggesting its NK cell therapies (CYNK-001 and CYNK-201) could effectively eliminate senescent cells, potentially addressing age-related diseases. These cells contribute to degenerative diseases, cancer, and immune system decline with age. Celularity's technology leverages placental cells for cell therapy products targeting damaged and abnormal cells.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 1:03 pm

AAPL

BTCUSD

ETHUSD

TSLA

The article covers a range of topics from cryptocurrency trends, including Bitcoin's surge as its halving approaches, to US and world politics, the US economy, tech innovations, electric vehicles, and more. Key highlights include Bitcoin, Ethereum, and Dogecoin's price movements, Ripple CEO's market prediction, and various political and economic developments in the US and globally. It also touches on tech updates like Apple's new initiatives and Tesla's focus on autonomy.

Portfolio Pulse from Akanksha Bakshi

April 08, 2024 | 12:49 pm