Streetbeat News

Corporate Responsibility

ELAN

Activist investor Ancora has successfully secured two board seats at Elanco, as reported by Bloomberg. This move could signal potential strategic shifts or operational improvements at Elanco, influenced by Ancora's positions.

Portfolio Pulse from Charles Gross

April 01, 2024 | 8:43 am

AMZN

Amazon.com Inc. (NASDAQ:AMZN) has spent over $3 million in 2023 on consultants to discourage unionization among its delivery network employees. This spending is part of Amazon's broader efforts to resist unionization, despite facing legal challenges, including a ruling by a National Labor Relations Board judge that found the company guilty of violating federal labor laws. Amazon's spending on anti-union activities has decreased compared to the previous two years.

Portfolio Pulse from Rounak Jain

April 01, 2024 | 8:26 am

ADM

ADM Animal Nutrition, a division of Archer Daniels Midland Company (ADM), has issued a recall for select lots of Pen Pals Chicken Feed, MoorMan's ShowTec Swine Feed, AMPT Cattle Feed, and Seniorglo Horse Feed due to elevated levels of calcium, phosphorus, magnesium, sodium, and/or chloride. These elevated levels may pose a risk to chickens, swine, beef cattle, and equine.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 6:46 am

MIMO

Airspan Networks Inc. is set to receive up to $95 million in new equity financing and will eliminate all existing funded debt. The company has entered an agreement with creditors to strengthen its financial foundation and adjust its balance sheet. As a result, Airspan will transition into a private entity, majority-owned by Fortress, with a robust balance sheet and enhanced financial flexibility. The company will continue its operations normally while it undergoes a prepackaged recapitalization process, which is expedited and has the full support of all major creditors. Additionally, Airspan has secured over $53 million in Debtor-in-Possession (DIP) financing to support its operations during this period.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 6:35 am

MA

NVDA

V

Hannah Gooch-Peters, an analyst at Sanlam Investments, highlighted Visa Inc's (V) sustainable profit margins compared to Nvidia Corporation (NVDA), questioning Nvidia's future sales and profit sustainability due to its reliance on hardware. Visa, with a 60% operating profit margin and a strong networking effect, is seen as a more sustainable investment. Additionally, Visa and Mastercard Inc. (MA) recently settled a $30 billion lawsuit with U.S. merchants, agreeing to reduce interchange fees, which could impact the credit card industry.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 4:01 am

T

AT&T Inc. (NYSE:T) has confirmed a significant data breach affecting 65.4 million customers, compromising passcodes, names, and other personal information. The breach, which occurred over two years ago, did not involve personal financial information or call history. AT&T has taken steps to reset passcodes for 7.6 million current customers and is offering identity theft and credit monitoring services to affected customers.

Portfolio Pulse from Ananya Gairola

April 01, 2024 | 2:48 am

TSLA

Elon Musk, CEO of Tesla Inc. and SpaceX, advised a negotiated settlement to end the conflict in Ukraine, warning that Ukraine risks losing Odesa and access to the Black Sea if the war continues. Musk's comments on an X thread, where he criticized Ukraine's military strategy and predicted further territorial losses to Russia, have sparked controversy and accusations of pro-Kremlin sympathies, despite his companies' efforts to support Ukraine.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 1:39 am

META

Meta Platforms Inc. (NASDAQ:META) has been denied a request to delay the FTC's re-evaluation of its Facebook division's alleged privacy violations. The U.S. Court of Appeals for the D.C. Circuit ruled against Meta, stating the company did not meet the requirements for an injunction. This decision is part of a series of setbacks for Meta, following a 2020 privacy settlement which the FTC is seeking to amend. The amendments include a ban on exploiting minors' data and expanded restrictions on facial recognition technology.

Portfolio Pulse from Ananya Gairola

April 01, 2024 | 1:30 am

AMZN

META

MSFT

TSLA

This week in AI featured major developments from industry leaders like Elon Musk's xAI, Tesla, Meta Platforms, and Microsoft. Musk announced Grok 2, aiming to outperform competitors. Tesla is hiring for its Optimus Humanoid Robot, indicating a potential launch. Zuckerberg is personally recruiting AI talent from Google's DeepMind for Meta. Speculation about an AI bubble involves Nvidia, Amazon, and Microsoft, with warnings from analyst Richard Windsor. Microsoft's stock is predicted to rise due to its AI advancements.

Portfolio Pulse from Benzinga Neuro

March 31, 2024 | 5:16 am

BA

At a campaign reception in New York, President Joe Biden made a light-hearted comment about Boeing-manufactured Air Force One, joking, 'I don't sit by the door,' in response to a question about the aircraft's door security. This comes after an incident in January where a door plug panel on a Boeing aircraft operated by Alaska Airlines detached after takeoff, leading to an emergency landing. The incident has since subjected Boeing to intense regulatory scrutiny, including from the Justice Department. Boeing announced that CEO Dave Calhoun will step down by year-end, with Stephanie Pope taking over as the new head of its commercial airplanes division.

Portfolio Pulse from Anan Ashraf

March 30, 2024 | 8:25 am