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Corporate Responsibility

TWLO

Twilio Inc (NYSE:TWLO) is facing significant challenges, including a 20% decline in stock year-to-date, leadership changes, and sluggish growth. The company's efforts to overhaul its business have not altered its core trajectory, leading to a bearish outlook. Technical indicators, including a looming Death Cross, reinforce this sentiment. Despite a slight buying pressure, the overall technical analysis suggests a downturn, with no strong evidence of a potential short squeeze.

Portfolio Pulse from Surbhi Jain

April 04, 2024 | 1:45 pm

DIS

Disney's CEO, Bob Iger, stated in a CNBC interview that his actions and statements were in support of the company's interests, not his personal interests. This clarification comes amid discussions and possibly concerns about the direction and decisions made under his leadership.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:45 pm

DIS

Disney CEO Bob Iger emphasized that shareholders are primarily focused on the company's top priorities such as ESPN, streaming services, and parks & resorts. He also noted that the market's reaction to Disney is based on its performance rather than any activist involvement.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:41 pm

DIS

In a CNBC interview, Disney CEO Bob Iger stated that the recent proxy vote was decisive and serves as a true endorsement of the board. This indicates strong shareholder support for the current leadership and strategic direction of the company.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:38 pm

DIS

In a CNBC interview, Disney CEO Bob Iger discussed the opportunity he had to outline the company's priorities to shareholders, emphasizing strategic focus areas.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:37 pm

CODX

Co-Diagnostics, Inc. (CODX) announced the appointment of Richard Abbott as President and David Nielsen as COO, along with other key executive roles. These appointments are part of the company's strategy to advance and commercialize its Co-Dx PCR platform and associated tests. The Co-Dx PCR platform is under FDA review and not yet available for sale. The company aims to fill the diagnostics access gap with its technology.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:31 pm

F

Unifor expressed extreme disappointment in Ford Motor Company's decision to delay the Oakville transition. Unifor has requested an urgent meeting with Ford to discuss job and income security measures for workers.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:28 pm

ABAT

American Battery Technology Company (ABTC) has been awarded an additional $40.5M tax credit by the U.S. Department of Treasury to accelerate the construction of a new lithium-ion battery recycling facility in the U.S. This award, part of the Qualifying Advanced Energy Project Credits program, supplements a previous $20M credit and aims to expand North America's closed-loop battery metals supply chain. ABTC is engaging with major automotive OEMs and battery cell manufacturers for recycling services and is planning the new facility to increase domestic critical battery minerals manufacturing capacity.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:26 pm

SKYX

SKYX Technologies announced the issuance of 8 new patents in the U.S. and internationally, including China, Europe, and India, for its smart home and AI platform technologies. This expansion brings its total to over 90 issued and pending patents. The company, which operates over 60 lighting and home decor websites, aims to make homes and buildings safer and smarter. These patents cover advanced plug and play and smart home platform technologies, enhancing SKYX's position in the smart home, electrical, and lighting industries.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:24 pm

TWLO

Anson Funds, a significant stockholder of Twilio Inc. (TWLO), has influenced governance changes at Twilio, including the departure of director Byron Deeter and a proposal to declassify the Board. These changes follow Anson Funds' engagement with Twilio, aiming to address the company's underperformance and governance issues. Anson Funds plans to continue holding the Twilio Board accountable to protect stockholder interests, focusing on strategy, operations, governance, and capital allocation.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:07 pm