Streetbeat News

Corporate Responsibility

SHEL

Shell plans to reduce approximately 20% of its workforce in the deals team as part of a broader initiative to achieve cost savings, according to Bloomberg. This move is indicative of the company's efforts to streamline operations and improve financial efficiency.

Portfolio Pulse from Charles Gross

March 13, 2024 | 9:38 am

DIS

Marvel Entertainment, owned by The Walt Disney Co. (NYSE:DIS), has reportedly fired Beau DeMayo, the creator of the Disney+ series X-Men '97, just weeks before its premiere. DeMayo, who had significant involvement in Marvel projects and had completed writing for the second season of X-Men '97, was abruptly terminated without a disclosed reason. This move has surprised many, given the timing and DeMayo's key role. Despite this, the premiere of X-Men '97 is still scheduled for March 20, with the show generating substantial interest.

Portfolio Pulse from Ananya Gairola

March 13, 2024 | 8:48 am

TSLA

Tesla Inc (NASDAQ:TSLA) supports a shareholder's petition to the NHTSA for not classifying over-the-air (OTA) software updates as 'recalls' and to allow electronic recall notifications. The petition, initiated by Tesla investor Sawyer Merritt, argues for environmental and cost benefits, and for a better understanding of vehicle safety through modern notification methods. Elon Musk has criticized the current recall terminology, especially after a recent 'recall' involving 2.2 million vehicles for a minor software fix.

Portfolio Pulse from Anan Ashraf

March 13, 2024 | 8:13 am

GM

GOOGL

TSLA

General Motors (NYSE:GM) has appointed Jens Peter Clausen, a former executive at Tesla and Google, as the new head of Global Manufacturing and Sustainability, replacing the retiring Gerald Johnson. This move is significant as GM aims to compete more aggressively in the electric vehicle (EV) market, particularly in manufacturing batteries and powertrains. Additionally, GM's executive vice president of software and services, Mike Abbott, has resigned for health reasons and is temporarily replaced by Baris Cetinok.

Portfolio Pulse from Benzinga Neuro

March 13, 2024 | 8:07 am

ECL

Ecolab Inc. has announced that it now sources 100% of its electricity for European operations from renewable sources, following the completion of a windfarm project in partnership with Low Carbon. This achievement underscores Ecolab's commitment to sustainability and its role as a global leader in water, hygiene, and infection prevention solutions.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:03 am

TSLA

Tesla Inc's CEO Elon Musk criticized environmental activists protesting the expansion of the Berlin gigafactory, calling them 'dumber than a doorstop' or 'puppets.' The protest follows an arson attack that halted production, attributed to the 'Vulkan' Group citing environmental concerns. Despite local opposition and production challenges, Tesla plans to double the factory's capacity for battery and car production.

Portfolio Pulse from Anan Ashraf

March 13, 2024 | 7:26 am

META

Meta Platforms Inc.'s chief AI scientist, Yann LeCun, stated on the Lex Fridman podcast that creating an unbiased AI system is impossible due to the subjective nature of bias. He emphasized the need for a diverse range of AI systems and warned against the control of AI by a few companies. The discussion also touched on the criticism of Google's Gemini for generating biased content and the broader industry debate on AI bias, with figures like Elon Musk and Mark Cuban weighing in on the issue.

Portfolio Pulse from Ananya Gairola

March 13, 2024 | 5:21 am

TSLA

Elon Musk, CEO of Tesla, agreed with Rep. Jim Jordan's criticism of President Joe Biden for not facing legal consequences over the handling of classified documents. The documents, linked to Biden's service on the Senate Foreign Relations Committee, were found during his tenure at the University of Delaware. Despite findings of willful retention and disclosure of sensitive information, Special Counsel Robert Hur's investigation concluded without filing criminal charges against Biden.

Portfolio Pulse from Benzinga Neuro

March 13, 2024 | 3:48 am

F

Elon Musk congratulated Ford CEO Jim Farley on the 100th anniversary of Ford's Chicago Assembly plant, highlighting the plant's historical significance and its role in manufacturing key models like the Ford Explorer and Lincoln Aviator. The gesture reflects the ongoing collaboration between Tesla and Ford, especially in the electric vehicle and charging infrastructure sectors.

Portfolio Pulse from Anan Ashraf

March 13, 2024 | 3:42 am

WBD

Americana Communications Ltd., a women-founded PR firm based in Los Angeles and Manchester, announced its global expansion targeting health & wellness and tech sectors. The firm, known for securing client placements in major media outlets like Yahoo Finance, Forbes, and CNN (NASDAQ:WBD), aims to disrupt the traditional PR market by focusing on emerging markets and offering a comprehensive suite of services. The expansion was announced by founder Nicole Farah, emphasizing Americana's commitment to redefining PR through results-driven strategies.

Portfolio Pulse from Nicolás Jose Rodriguez

March 13, 2024 | 1:10 am