Streetbeat News

Corporate Responsibility

MGM

MGM Resorts International and its online betting arm, BetMGM, have announced partnerships with Kindbridge to advance research and provide mental health services for problem gambling. This initiative underscores the companies' commitment to responsible gambling and mental health support.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 11:10 am

MSFT

Elon Musk has filed a lawsuit against Sam Altman and OpenAI, accusing them of betraying the founding principles of the AI startup by prioritizing profit maximization for Microsoft (NASDAQ:MSFT) over the benefit of humanity. Musk alleges that OpenAI's transition to a closed-source model and its licensing agreement with Microsoft, which has invested $13 billion in OpenAI, compromises the startup's original mission. Musk demands that GPT-4 and future models be labeled as AGI, putting them beyond Microsoft's licensing agreement.

Portfolio Pulse from Rounak Jain

March 01, 2024 | 10:27 am

BA

Emirates President Tim Clark has warned Boeing (NYSE:BA) to make significant changes following a safety incident where a panel on a MAX 9 jet blew out during a flight, leading to increased regulatory scrutiny. Clark emphasized the need for a change in governance to prevent further issues, highlighting Boeing's recent $51 million penalty for unauthorized exports and ongoing manufacturing challenges.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 8:53 am

AMZN

WMT

A Consumer Reports investigation found significant security vulnerabilities in video doorbells sold by Amazon.com Inc. (NASDAQ:AMZN) and Walmart Inc. (NYSE:WMT), including susceptibility to hacking. Despite these risks, Amazon continues to feature one of the vulnerable doorbells as 'Amazon's Choice'. Walmart has taken steps to remove these doorbells from its marketplace and offer refunds. The situation highlights concerns about the security of smart home devices and the responsibility of retailers to ensure product safety.

Portfolio Pulse from Ananya Gairola

March 01, 2024 | 8:25 am

DIS

The grandchildren of Walt Disney Co founders, Walt Disney and Roy Disney, have publicly supported CEO Bob Iger and the company's board in an open letter, criticizing activist investors, including billionaire Nelson Peltz, who have been challenging the company's management and strategies. This support comes amid a proxy war with Peltz, who advocates for cost-cutting, a more profitable streaming business, and better succession planning.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 8:01 am

META

Meta Platforms (NASDAQ:META) announced it will stop paying news publishers for content in Australia, France, and Germany. This decision aligns with Meta's strategy of reducing news and political content promotion and follows the termination of its news tab in the U.K., France, and Germany. The move could lead to conflicts with the Australian government, which can appoint mediators for fee determination under a 2021 law. Meta's stance on not compensating news publishers could impact traffic referrals and revenue for news publishers.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 6:15 am

TSLA

Environmental activists from ROBIN WOOD have set up a protest camp in the forest near Tesla Inc.'s Gigafactory Berlin, opposing the planned expansion due to environmental concerns. They demand a halt to the expansion, emphasizing the need for climate-friendly mobility. A recent survey showed 63.5% of Grünheide residents oppose Tesla's expansion. Despite environmental controversies, Tesla's Model Y production at the factory has reached a new high of 6000 units weekly.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 5:16 am

PFE

Pfizer Oncology has announced the formation of a new Oncology organization and outlined its strategic priorities following the acquisition of Seagen in late 2023. The company highlighted its robust portfolio and R&D capabilities, projecting 8+ potential blockbuster medicines by 2030.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:02 pm

AMSYF

AUMN

BHP

RGLD

RS

Jefferies initiated coverage on Royal Gold with a Hold rating and a $117 price target. Golden Minerals halted operations at Velardeña due to underperformance, exploring sale or wind-up options. BHP Group is restructuring global operations, starting in Australia, to cut costs and improve productivity amid nickel market slowdown. Reliance's board member James Donald Hoffman sold 40,000 shares. ArcelorMittal reported a decrease in annual revenue and production but remains a leading steel producer.

Portfolio Pulse from Austin DeNoce

February 29, 2024 | 10:52 pm

SONY

Sony Group Corp (NYSE:SONY) announced the lineup for March's PlayStation Plus games, featuring titles like EA Sports F1 23, Destiny 2: Witch Queen, Hello Neighbor 2, and Sifu. These games, ranging from racing simulations to horror adventures and martial arts combat, will be available for download from March 5 to April 1. Additionally, three games are leaving the service on March 4. The announcement follows news of Sony cutting 900 jobs and shutting down its London Studio.

Portfolio Pulse from Franca Quarneti

February 29, 2024 | 10:43 pm