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Corporate Responsibility

AAPL

Apple Inc. is alleged to have blocked Jon Stewart from interviewing FTC Chair Lina Khan on his podcast amid antitrust investigations into Apple's business practices. This incident highlights the tension between tech giants and regulatory bodies, with Apple defending its business strategies against a lawsuit accusing it of monopolizing the smartphone market.

Portfolio Pulse from Benzinga Neuro

April 03, 2024 | 3:01 am

TSLA

Elon Musk's social media network X is experiencing a significant increase in pornographic content, causing user discomfort. A Bloomberg report links this surge to reduced content moderation under Musk's ownership. X is exploring monetization of adult content despite risks, including potential criminal activities. Concerns about protecting minors from explicit material have been raised, with reports of teenagers as young as 12 being exposed. The situation is exacerbated by the proliferation of porn spambots, posing challenges for user and advertiser retention.

Portfolio Pulse from Benzinga Neuro

April 03, 2024 | 1:56 am

DIS

Vanguard Group, Disney's largest investor, has voted to re-elect the company's incumbent directors, opposing Trian Fund Management's efforts. This decision by Vanguard is significant due to its substantial stake in Disney, potentially influencing other investors and solidifying the current management's position. Trian Fund Management's attempt to influence Disney's board composition and strategic direction has thus faced a setback.

Portfolio Pulse from Charles Gross

April 02, 2024 | 8:59 pm

INTC

Intel Corp (NASDAQ:INTC) shares fell in after-hours trading following the announcement of a new financial framework for its foundry business, aimed at increasing cost discipline and returns. The new structure includes the Intel Foundry as a separate operating segment and anticipates foundry operating losses to peak in 2024, with a goal of reaching break-even operating margins by the end of 2030. Intel also appointed Lorenzo Flores as CFO of Intel Foundry.

Portfolio Pulse from Adam Eckert

April 02, 2024 | 8:39 pm

INTC

Intel's stock is trading lower following the announcement of a new financial reporting structure and the appointment of a new CFO for Intel Foundry. These changes are part of Intel's efforts to streamline operations and improve financial transparency.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:37 pm

VYGR

Voyager Therapeutics announced that the company and CFO Peter P. Pfreundschuh have entered into a transition, separation, and release of claims agreement. Pfreundschuh resigned from his position as CFO effective April 12, 2024.

Portfolio Pulse from Charles Gross

April 02, 2024 | 8:36 pm

MCHP

Microchip Technology has appointed Rich Simoncic as its new Chief Operating Officer (COO), effective immediately. Simoncic will report directly to Ganesh Moorthy, the current President and CEO of the company.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:17 pm

ON

ON Semiconductor Corporation (NASDAQ:ON), known as onsemi, has advised its stockholders to reject an unsolicited mini-tender offer from TRC Capital Investment Corporation for up to 1.5 million shares at $70.75 each, which is below the market value. The offer price is approximately 4.4% lower than onsemi's closing share price on March 19, 2024. onsemi has emphasized that it is not affiliated with TRC Capital Investment and has cautioned its investors to consult with their financial advisors and exercise caution. The offer, representing about 0.35% of onsemi's outstanding shares, is set to expire on April 19, 2024, but may be extended by TRC Capital Investment.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:16 pm

INTC

Intel aims to achieve 60% non-GAAP gross margins and 40% non-GAAP operating margins by 2030 through significant cost savings, operational efficiencies, and asset value optimization, as stated by CFO Dave Zinsner. This strategy is expected to enhance Intel's cost competitiveness and drive financial growth.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:15 pm

ADPT

Adaptive Biotechnologies Corporation (NASDAQ:ADPT) announced a strategic review update, preliminary Q1 2024 revenue of $41M-$43M, exceeding estimates of $38.21M, and a CFO transition. The review concluded with a decision to operate the MRD and Immune Medicine businesses internally with increased independence and dedicated resources. MRD revenue for Q1 2024 is expected to be $31M-$32M, a 47% increase from Q1 2023. Tycho Peterson will depart as CFO, succeeded by Kyle Piskel.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:12 pm