Streetbeat News

Corporate Responsibility

AAPL

DIS

Bob Iger, CEO of The Walt Disney Co. (NYSE:DIS), once believed that a merger between Disney and Apple Inc. (NASDAQ:AAPL) would have been likely if Steve Jobs had not passed away. In his 2019 book, Iger expressed that Jobs's death prevented discussions about merging the two companies, despite their later competitive positions with the launch of Disney+ and Apple TV+. Iger's relationship with Jobs, including Disney's acquisition of Pixar, is highlighted as a foundation for this belief. Despite the speculation, Iger clarified he never discussed the merger idea with Jobs. The article also touches on Disney's recent proxy battle with Nelson Peltz, indicating Disney's leadership is confident in its current strategy without seeking major changes like a merger with Apple.

Portfolio Pulse from Rounak Jain

April 05, 2024 | 10:49 am

HUBC

HUB Cyber Security Ltd. (NASDAQ:HUBC) has successfully secured $8 million in financing through a straight debt arrangement. This move is aimed at strengthening the company's financial position and supporting its growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 10:36 am

HUT

Hut 8 Corp. (HUT) announced strategic site closures and progress on new site energization, alongside an operations update for March 2024. The company closed its Drumheller site, relocating efficient miners to Medicine Hat and retiring inefficient ones. Significant progress was made on the Salt Creek site, expected to be energized in April. Hut 8 also transitioned site-level operating responsibilities at Kearney and Granbury to a new owner, with a termination fee expected by end of April. The company holds 9,102 Bitcoin, positioning it for growth ahead of the cryptocurrency halving.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 10:32 am

TDOC

Teladoc Health announced the immediate departure of CEO Jason Gorevic. CFO Mala Murthy has been appointed as the acting Chief Executive. This leadership change could signal a strategic shift or response to internal challenges within the company.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 10:32 am

PEP

SMX

SMX is collaborating with PepsiCo Europe to enhance sustainability in their supply chain, with a focus on using SMX's invisible marker system for packaging identification and waste sorting. This partnership, moving towards a final agreement, could significantly boost SMX's revenue, given PepsiCo's volume and sustainability goals. SMX's technology has already seen success with other major brands, suggesting a strong potential for a long-term relationship with PepsiCo.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 10:10 am

MDIA

RELI

STIX

Reliance Global Group, Inc. (RELI) shares fell by 11.3% in pre-market trading after reporting a net loss of $12.0 million for 2023, contrasting with a net income of $6.5 million in 2022. Other stocks showed significant movement in pre-market trading, with notable gainers including MediaCo Holding Inc. (MDIA), Nutex Health Inc. (NUTX), and 22nd Century Group, Inc. (XXII), among others. Losers included Semantix, Inc. (STIX) and HWH International Inc. (HWH), with STIX reporting a voluntary delisting from the Nasdaq Global Market.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 9:45 am

RIVN

TSLA

Ross Gerber, a Tesla investor, praised Rivian for fulfilling his R1S order, sparking a debate among Tesla fans. Despite a recent spat with Elon Musk and criticism of Tesla's board and leadership, Gerber remains invested in both Tesla and Rivian, highlighting the competitive dynamics and personal preferences within the EV sector.

Portfolio Pulse from Shanthi Rexaline

April 05, 2024 | 9:31 am

IPHA

Innate Pharma announced the filing of its 2023 Universal Registration Document and 2023 Annual Report on Form 20-F. This step is crucial for compliance and transparency with international financial reporting standards.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 9:15 am

BA

EADSY

SPR

Boeing Co. (NYSE:BA) and Airbus SE (OTC:EADSY) are reportedly close to finalizing a deal to split the operations of Spirit AeroSystems Holdings Inc. (NYSE:SPR), a key supplier. This move could mark the end of Boeing's 20-year outsourcing strategy and involves dividing Spirit's assets crucial for their jet programs amid antitrust concerns. The deal, still under negotiation, could see Boeing and Airbus taking over essential plants, with Airbus potentially investing over $1 billion in A220 wing production optimization. The division is seen as a strategic pivot for Boeing to reinforce its manufacturing capabilities, especially after recent FAA scrutiny over quality control.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 9:04 am

TSLA

Tesla Inc's executive Rohan Patel emphasized the evolving necessity of EV charging infrastructure at workplaces for employee retention. Highlighting Tesla's role in expanding over 50,000 superchargers globally, Patel's comments reflect the growing importance of workplace charging facilities from an 'amenity' to a 'necessity'. Tesla's initiative to install superchargers at business properties is part of this broader trend, aiming to alleviate range anxiety among potential EV buyers.

Portfolio Pulse from Anan Ashraf

April 05, 2024 | 6:58 am