Streetbeat News

Corporate Responsibility

TELL

Tellurian Inc. (TELL) is exploring the sale of its Haynesville upstream assets, including natural gas assets and drilling locations, to reduce debt and support the development of Driftwood LNG. The company produced 19.5 Bcf of natural gas in Q3 2023 and aims to leverage alternative gas supply strategies, deeming the ownership of upstream assets unnecessary at this stage. The sale is expected to reduce general and administrative expenses and provide additional cash, avoiding equity issuance for 2024 development activities.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 6:52 pm

ZENV

Zenvia's stock price increased following the announcement of agreements to address its funding gap and the introduction of EBITDA guidance for 2024.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 6:30 pm

TTE

TotalEnergies SE (NYSE:TTE) shares rose after announcing a cooperation agreement with Oil and Natural Gas Corporation (ONGC) in India for methane emissions reduction and a joint venture with Vantage Drilling International to acquire the Tungsten Explorer drillship. The company aims to reduce methane emissions by 50% by 2025 and by 80% by 2030. TotalEnergies will own 75% of the JV with Vantage, which will operate the drillship for 10 years.

Portfolio Pulse from Lekha Gupta

February 06, 2024 | 6:00 pm

BWA

Fermata Energy announced its integration with BorgWarner Inc. (NYSE:BWA) bidirectional EV chargers to enhance Vehicle-to-Everything (V2X) charging capabilities for EV fleets. This partnership aims to lower the Total Cost of Ownership for electric vehicles through intelligent bidirectional charging technology. The collaboration is set to accelerate the availability of this technology for a broader range of transportation use cases and promote a global renewable energy ecosystem. Fermata Energy is also working with automotive OEMs, including a strategic project with Toyota and San Diego Gas & Electric, and has received approval from Nissan for its FE-15 bidirectional charger.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 5:23 pm

COST

KR

Costco Wholesale Corporation (NASDAQ:COST) announced Gary Millerchip as its new CFO, effective March 15, 2024. Millerchip, previously CFO of Kroger Co (NYSE:KR), is expected to lead Costco's financials, focusing on revenue and profitability improvements. Despite potential changes, the price of Costco's iconic $1.50 hot dog and soda combo is unlikely to change, maintaining its long-standing price point despite inflation. This decision reflects Costco's commitment to value, as highlighted by a story involving Costco's founder, Jim Sinegal. The article also hints at a possible membership fee increase, a significant move since the last hike in June 2017.

Portfolio Pulse from Chris Katje

February 06, 2024 | 5:06 pm

AAPL

APTV

F

GM

GOOGL

GM's Cruise faces scrutiny in California after failing to fully disclose details of an October accident involving a pedestrian. The incident has raised concerns about the safety of autonomous vehicles (AVs), impacting the reputation of Cruise and the AV industry. The California Public Utilities Commission is investigating the matter. Additionally, the AV market faces challenges as companies like Ford, Volkswagen, and Aptiv dial back on AV plans, while Apple delays its AV launch.

Portfolio Pulse from Neil Dennis

February 06, 2024 | 4:49 pm

BA

The U.S. FAA Administrator announced that an external firm is reviewing the FAA's longstanding practice of delegating some aircraft certification tasks to Boeing. This review comes amid scrutiny over the safety and regulatory compliance of Boeing's aircraft certification processes.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 4:41 pm

BA

SPR

Spirit AeroSystems' CEO announced an expected repair plan for the latest defect in the 737 model within 72 hours, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 4:27 pm

META

Meta Platforms Inc. (NASDAQ:META) is set to introduce 'Imagined with AI' labels for AI-generated images on Facebook, Instagram, and Threads to combat misinformation, especially in the election year. The labels will also apply to content created with other companies' tools. Meta is developing capabilities to identify AI-generated content and plans to enforce disclosure of AI-generated video or audio by users, with penalties for non-compliance. This move comes amid growing concerns over AI-generated misinformation, highlighted by incidents such as an AI-generated impersonation of President Joe Biden.

Portfolio Pulse from Rounak Jain

February 06, 2024 | 4:24 pm

CTLT

LLY

NVO

A Lilly executive stated the company plans to hold Catalent accountable to their contract amid gaining more information on the Novo-Catalent deal, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 4:16 pm