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Corporate Responsibility

AAPL

AMZN

Epic Games CEO Tim Sweeney accuses Apple of favoring Amazon by allegedly waiving the requirement to use Apple's in-app purchase system for Amazon's Prime Video app. This accusation comes amidst broader criticism of Apple's App Store rules by various tech leaders, including Elon Musk. The controversy highlights ongoing disputes over Apple's App Store policies and their compliance with regulatory standards.

Portfolio Pulse from Ananya Gairola

February 14, 2024 | 3:16 am

AAPL

Bart Andre, Apple Inc.'s longest-serving senior industrial designer, is set to retire, signaling a significant shift in the company's design team since Jony Ive's era. Andre, who joined Apple in 1992, has been instrumental in shaping the aesthetic of Apple products for over three decades. His departure follows the recent exit of several top designers, including Colin Burns, Shota Aoyagi, and Peter Russell-Clarke, and precedes the anticipated departure of several long-time software designers. This turnover occurs as Apple introduces new talent and shifts focus under COO Jeff Williams, amidst unrest among staff over cost-cutting and project prioritization. Despite these changes, Apple has reported strong financial performance, with first-quarter earnings and revenue surpassing expectations.

Portfolio Pulse from Ananya Gairola

February 14, 2024 | 1:33 am

TSLA

The Dawn Project, a safety advocacy group, aired two Super Bowl ads criticizing Tesla Inc's (NASDAQ:TSLA) Full Self-Driving (FSD) software for safety concerns. The group claims the software can cause accidents, such as hitting a child or ignoring stop signs, and accuses Tesla of not making necessary changes despite being aware. The National Transportation Safety Board (NTSB) has distanced itself from the Dawn Project, demanding the removal of its seal from their materials.

Portfolio Pulse from Adam Eckert

February 13, 2024 | 11:00 pm

CSGP

CoStar Group has acquired a 552,000 square foot office building at 1201 Wilson Boulevard in Arlington, Virginia. The company will relocate its Washington, D.C. employees to this new location and benefit from nearly $7 million in tax and economic incentives. The terms of the purchase were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 10:59 pm

TSLA

Tesla Inc is expanding its charging network by planning the world's largest Supercharger station in Kern County, California, with 164 charging stalls, including 16 pull-through stalls and solar canopies. This move aligns with Tesla's strategy to integrate solar power into its charging networks, aiming for a sustainable transportation ecosystem and catering to the needs of drivers with trailers or larger vehicles.

Portfolio Pulse from Benzinga EV Insights

February 13, 2024 | 10:11 pm

INCR

InterCure Ltd. (NASDAQ:INCR), a leading medical cannabis company, provided an update on its Nir Oz facility in Southern Israel, affected by the ongoing war situation declared on October 7, 2023. The site has limited access and is partially used by the IDF. Restoration efforts are underway, and the company is seeking full compensation from the Israeli government for damages. InterCure is committed to supporting patient communities and plans to file its preliminary and full financial results for 2023 in early 2024.

Portfolio Pulse from Happy Mohamed

February 13, 2024 | 10:04 pm

CART

Asha Sharma, the COO of Maplebear (Instacart), has announced her resignation effective March 1, 2024. The company currently has no plans to appoint a new COO.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 10:03 pm

CART

On February 9, 2024, Maplebear, known as Instacart, announced a restructuring plan approved by its board, which includes laying off about 250 employees, approximately 7% of its global workforce as of January 31, 2024, according to a recent filing.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 10:01 pm

LYFT

During a conference call, Lyft's CFO corrected a previous press release, stating that the company's adjusted EBITDA margin expansion will be 50 basis points year-over-year in 2024, not the 500 basis points previously announced.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:58 pm

SGML

Sigma Lithium (NASDAQ:SGML) has received a letter of intent from the Development Bank of Brazil (BNDES) for additional funding for its Grota do Cirilo lithium project in Brazil. The company plans to invest $100 million in a second processing plant to double its output. The project, which has received full environmental licensing, aims to become the world's fourth-largest lithium mining complex. Despite a recent downturn in lithium prices, Sigma remains optimistic about its strategic position and its focus on sustainable lithium production.

Portfolio Pulse from Stjepan Kalinic

February 13, 2024 | 9:56 pm