Streetbeat News

Corporate Responsibility

BCS

Barclays VP, Nazia Lawrence, has filed a lawsuit against Barclays PLC (NYSE:BCS) for racial, religious, and gender discrimination, seeking $290,000 in compensation. Lawrence alleges she was denied promotion despite her qualifications and performance, leading to mental distress and a decline in her performance ratings. The lawsuit also requests further training and a transparent promotion process at Barclays.

Portfolio Pulse from Benzinga Neuro

February 14, 2024 | 6:58 am

ABT

The FDA Advisory Committee has voted in favor of Abbott's TriClip System, a first-of-its-kind device designed to treat tricuspid regurgitation, based on positive data from the TRILUMINATE pivotal trial. Although still investigational in the U.S., TriClip is approved in over 50 countries and has been used to treat over 10,000 patients globally.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 6:25 am

AAPL

META

Mark Zuckerberg, CEO of Meta Platforms Inc., has tested Apple Inc.'s Vision Pro and compared it to Meta's Quest 3, concluding that Quest 3 is superior in terms of value, product quality, comfort, and content library despite Vision Pro's higher screen resolution. Zuckerberg highlighted Quest 3's advantages such as being lighter, wire-free, offering a wider field of view, better motion, and exclusive content like YouTube and Xbox viewing capabilities.

Portfolio Pulse from Ananya Gairola

February 14, 2024 | 6:17 am

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