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Corporate Responsibility

WAB

MRS Logística and Wabtec Corporation have entered into an agreement for the purchase of 30 new Evolution Series locomotives, valued at around R$500 million, with deliveries starting in 2024. This deal is part of MRS's strategy to renew its railway fleet and aims to improve efficiency, safety, and sustainability in rail transport. The ES44ACi locomotives feature advanced technology for reduced emissions and operating costs, aligning with global sustainability efforts.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 8:18 pm

COF

DFS

SPY

U.S. Representative Maxine Waters expressed strong opposition to the proposed acquisition of Discover by Capital One, citing significant implications for consumers and small businesses. The merger between these financial giants is seen as a move that could reshape the competitive landscape, potentially affecting pricing, service quality, and innovation in the sector.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 8:15 pm

DASH

DoorDash has reached a settlement with the California Attorney General over a privacy issue from four years ago, involving a vendor and the sharing of non-sensitive consumer information. DoorDash ceased working with marketing cooperatives in 2020, emphasizing its commitment to privacy.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 7:58 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is rolling out a software update (version 2024.2.6) featuring enhancements such as Latin American maps, Spanish language support, safety features, and navigation improvements. This update indicates Tesla's expansion into Chile and Colombia, and includes region-specific features like red light and speed camera displays for Chinese drivers. Additional features include a 'Gong Xi Fa Cai' Easter egg, the ability to remotely unlock Supercharger stalls, lower audio volume when parking, and improved battery heating estimates for efficient supercharging.

Portfolio Pulse from Benzinga EV Insights

February 21, 2024 | 7:47 pm

FQVLF

First Quantum Minerals reported a Q4 2023 loss of $1.44 billion, largely due to the closure of its Cobre Panama mine, leading to a 28% drop in copper production. Despite this, the company remains optimistic, implementing cost-saving measures, refinancing debt, and exploring strategic investments. The company's full-year net profit was $1.29 billion, down $900 million from 2022. Management is hopeful for the mine's future post-May general elections.

Portfolio Pulse from Stjepan Kalinic

February 21, 2024 | 7:43 pm

LI

Li Auto Inc.'s CEO, Li Xiang, has called on the Chinese government to facilitate mergers and acquisitions among struggling electric vehicle (EV) manufacturers to avoid social losses from company failures. He highlighted the need for industry consolidation, citing the U.S. Big Three auto giants as an example. This comes amid a slow start to the year for China's new-energy vehicle sales, with January shipments to dealers dropping 37% compared to December. The intense competition in China's EV market has led to a significant reduction in the number of manufacturers, from around 500 in 2019 to about 100 last year.

Portfolio Pulse from Nabaparna Bhattacharya

February 21, 2024 | 5:43 pm

AWH

DARE

FEMY

HOLX

OGN

First Lady Jill Biden announced $100 million in federal funding for women's health R&D, aimed at addressing the historical underfunding in this area. The funding, provided by ARPA-H, seeks to encourage innovative research in women's health. Companies like Hologic Inc, Daré Bioscience Inc, Aspira Women’s Health Inc, Organon Inc., and Femasys Inc, which are involved in women's health diagnostics and treatments, could potentially benefit from this initiative.

Portfolio Pulse from Vandana Singh

February 21, 2024 | 5:24 pm

INTC

Intel launched Intel Foundry, aiming to be a leading systems foundry for the AI era, with a focus on sustainability. It announced an expanded process roadmap, including the Intel 14A process and specialized node evolutions. Microsoft plans to produce a chip design on Intel 18A process. Ecosystem partners like Synopsys, Cadence, Siemens, and Ansys are ready to support Intel Foundry customers. Intel aims for leadership in process technology by 2025 and has design wins across several process generations. The company also introduced collaborations for Arm-based SoCs and aims to be the most sustainable foundry.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 4:33 pm

EBS

Emergent BioSolutions shares are trading higher following the announcement of Joseph Papa's appointment as President and CEO.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 4:30 pm

EADSY

TTE

TotalEnergies SE (NYSE:TTE) and Airbus (OTC:EADSY) have formed a strategic partnership to decarbonize aviation using sustainable aviation fuel (SAF), aiming to cut CO2 emissions by up to 90%. TotalEnergies will supply over half of Airbus's SAF needs in Europe and collaborate on developing 100% sustainable fuels. This move aligns with TotalEnergies' goal to produce 1.5 million tons of SAF annually by 2030 and Airbus's commitment to reducing aviation carbon emissions by 2030.

Portfolio Pulse from Lekha Gupta

February 21, 2024 | 3:32 pm