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Corporate Responsibility

EVTL

Vertical Aerospace (NYSE:EVTL) has received a $10 million grant from the UK Government through the Aerospace Technology Institute (ATI) Programme for developing next-generation propellers for its VX4 aircraft. This marks the third project awarded to Vertical by the ATI Programme, totaling $47 million in UK Government grants, signifying strong governmental support for Vertical's vision in pioneering zero emissions aviation.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 7:18 am

BSM

Black Stone (BSM) forecasts a 4% increase in royalty production in 2024, driven by Aethon's 24 wells in the Shelby Trough and Austin Chalk development, offset by lower activity in Louisiana Haynesville. Working interest production is expected to decline due to a 2017 decision. General and administrative expenses are anticipated to rise slightly due to inflation and strategic hires.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 6:58 am

JELD

JELD-WEN Holding has provided its 2024 revenue guidance, projecting net revenues of $4.0 to $4.3 billion, which is slightly below the consensus of $4.27 billion. The company anticipates Adjusted EBITDA to be between $370 million and $420 million. These projections reflect a challenging macro environment in North America and Europe, with core revenues expected to be flat to down 7% compared to 2023. JELD-WEN plans to invest in capital expenditures, amounting to about 4% of sales, and incur non-recurring cash expenses of around $100 million to improve financial results.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 6:45 am

SSRM

SSR Mining Inc. has updated on the Çöpler mine incident in Türkiye, announcing a temporary suspension of search and rescue activities for stabilization efforts. The company is cooperating with government requests and has postponed its Q4 and full-year 2023 financial results to Feb 27, 2024, with a conference call scheduled for 5:00pm EST.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 6:25 am

TSLA

Cathie Wood, CEO of Ark Invest Management, criticized a Delaware judge's decision to nullify Elon Musk's 2018 compensation plan, calling it 'un-American' and 'anti-investor.' She defended Tesla's move to Texas and Musk's demand for 25% voting control, emphasizing the need for visionary leaders in disruptive innovation. Musk shared Wood's interview on X, endorsing her views. Tesla's stock ended down 0.25% at $199.95.

Portfolio Pulse from Shanthi Rexaline

February 20, 2024 | 5:06 am

OLN

Olin Corporation has announced Kenneth Lane as its new President and Chief Executive Officer, taking over from Scott Sutton. This leadership change is part of the company's ongoing strategic planning and is expected to guide Olin through its next phase of growth and development.

Portfolio Pulse from Charles Gross

February 19, 2024 | 9:35 pm

TSLA

Tesla Inc (NASDAQ:TSLA) hosted a 'safety research day' focusing on its vehicle safety advancements, including autopilot technology. The event, led by VP of Vehicle Engineering Lars Moravy, included leaders from government, academia, and NGOs. Tesla aims to share its safety findings with regulators and researchers for public benefit. This initiative follows recent media scrutiny over Tesla's full self-driving beta software related to a fatal accident. CEO Elon Musk defended the software, suggesting the accident might have been avoided if FSD had been engaged.

Portfolio Pulse from Anan Ashraf

February 19, 2024 | 6:20 pm

META

Mark Zuckerberg, CEO of Meta Platforms Inc. (NASDAQ:META), shared an amusing story about his daughter mistaking him for a cattle rancher due to his diverse hobbies, including cattle ranching on his $100 million ranch in Kauai. This anecdote was shared on the Morning Brew Daily podcast, highlighting Zuckerberg's multifaceted life and interests beyond his role at Meta.

Portfolio Pulse from Rounak Jain

February 19, 2024 | 3:33 pm

AAPL

A counterfeit cryptocurrency app named 'Rabby Wallet & Crypto Solution' on Apple Inc.'s App Store has scammed users, including a reported loss of $5,000. Despite being reported, the app remained accessible for years. This incident raises concerns about the App Store's review process and Apple's ability to protect users from fraudulent apps. The situation is particularly significant as Apple CEO Tim Cook recently emphasized the company's commitment to security, amidst discussions on the EU's App Store regulations potentially compromising iPhone security.

Portfolio Pulse from Rounak Jain

February 19, 2024 | 3:15 pm

AAPL

Apple Inc.'s decision to support RCS in iMessage by 2024 is reportedly influenced more by China than Europe, contrary to previous beliefs. John Gruber's report suggests that pressure from China, where iPhones are under scrutiny, and the Chinese government's mandate for RCS support in new 5G devices, are key factors in this decision. This challenges the notion that the European Commission's Digital Markets Act influenced Apple's move.

Portfolio Pulse from Rounak Jain

February 19, 2024 | 2:13 pm