Streetbeat News

Corporate Responsibility

MARX

Mars Acquisition announced that Shanchun Huang has resigned as Chairman, effective Feb 6. Karl Brenza is set to replace him as the new Chairman of the Board, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:48 pm

CAUD

Collective Audience, Inc. (NASDAQ:CAUD), a leader in audience-based performance advertising and media, has appointed Joe Zawadzki as its board chairman. Zawadzki, with over 25 years in digital advertising and media, is recognized for his pioneering work, including founding MediaMath. His appointment aims to leverage his extensive experience for strategic acquisitions, partnerships, and innovation in the AdTech market. Collective Audience, recently rebranded following a merger, targets the AdTech market projected to reach $2.9 trillion by 2031.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:34 pm

AAL

DAL

LUV

SPY

The U.S. Senate Commerce Committee has voted to approve a bill aimed at enhancing aviation safety by increasing the number of FAA aviation safety inspectors and air traffic control staff. Additionally, the bill seeks to prohibit airlines from imposing fees on families wishing to sit together during flights. This legislative move is part of broader efforts to improve the safety and consumer experience in the aviation sector.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:21 pm

ACHR

Archer has received Part 145 Certification from the FAA, marking a significant milestone in its journey towards commercialization in 2025. This certification allows Archer to operate a repair and maintenance station, underscoring its commitment to safety and operational standards.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:01 pm

BEEM

San Diego County has deployed 10 Beam EV ARC systems to enhance its electric vehicle infrastructure. This move signifies the county's commitment to sustainable transportation solutions and could potentially increase the demand for Beam's innovative charging systems.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 3:37 pm

AAPL

GOOG

META

MSFT

Meta Platforms Inc (NASDAQ:META) is challenging a supervisory fee imposed by the EU under the new Digital Services Act (DSA), which is calculated as 0.05% of its annual global net income. This fee is part of the EU's efforts to monitor compliance with the DSA, requiring companies like Meta, Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Apple Inc (NASDAQ:AAPL), and others to enhance content policing measures. Meta's legal challenge, filed in Luxembourg's General Court, arises from disagreements over the fee calculation method, particularly the exemption of companies reporting a loss. This situation has led to an uneven distribution of the fee burden. The EU has also scrutinized other tech giants, including Microsoft Corp (NASDAQ:MSFT), under the DSA.

Portfolio Pulse from Anusuya Lahiri

February 08, 2024 | 3:16 pm

DIS

FUBO

SFTBY

Cryptocurrencies surge amid small banking fears and potential regulatory advancements. US markets show signs of overbought levels but remain optimistic. Political and global events continue to influence market sentiments. Tech and EV sectors see significant developments, while consumer and communication sectors experience notable stock movements. Financial sector reports gains, particularly for SoftBank. General news highlights include corporate and legal updates.

Portfolio Pulse from Akanksha Bakshi

February 08, 2024 | 2:28 pm

WRAP

Wrap Technologies, Inc. (NASDAQ:WRAP) has achieved a significant milestone with the full deployment of its BolaWrap Remote Restraint device by the Fairfax County Police Department (FCPD) in Virginia. This marks one of the first full deployments of the device by a major U.S. law enforcement agency, following a successful pilot program. The BolaWrap is highlighted as a humane and effective tool for handling incidents, especially those involving mental health and substance abuse, aiming to improve safety and de-escalation practices.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:13 pm

CVKD

Cadrenal Therapeutics, Inc. (NASDAQ:CVKD) announced the appointment of Jeff Cole as Chief Operating Officer, ahead of its Phase 3 pivotal trial for tecarfarin. Cole brings over 25 years of experience in pharmaceutical operations, having held senior roles at Espero BioPharma, Valeant Pharmaceuticals, and Legacy Pharmaceuticals. His responsibilities at Cadrenal will include overseeing manufacturing, supply chain operations, intellectual property, and commercialization strategies for tecarfarin.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:04 pm

PLTR

Palantir Technologies Inc. (NYSE:PLTR) has entered a multi-year partnership with Bapco Upstream, a subsidiary of Bapco Energies, to deploy its software and AI platforms to support Bahrain's energy sector. This collaboration aims to enhance the nation's energy infrastructure and contribute to Bahrain's goal of reducing emissions by 30% by 2035 and achieving Net-Zero by 2060. Palantir reported a 20% increase in Q4 revenue year-over-year, surpassing consensus estimates, with earnings in line with analyst expectations. Following the earnings report, several analysts released positive updates, contributing to a rise in PLTR's stock price, which is up 0.72% to $23.77 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

February 08, 2024 | 1:55 pm