Streetbeat News

Corporate Responsibility

NSPR

InspireMD has announced the appointment of principal investigators for the C-GUARDIANS II clinical trial of its SwitchGuard Neuroprotection System. This step marks a significant advancement in the trial process, potentially impacting the company's future prospects.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:05 pm

SHEL

Shell (NYSE:SHEL) announced the closure of its hydrogen light-duty passenger fueling stations in California due to supply chain issues and external market factors. This decision, which includes the permanent closure of seven stations, reduces California's hydrogen fueling options by 12% and marks a significant setback for the state's green mobility initiatives. Shell's move aligns with its broader strategy to scale down low-carbon operations, including a 15% workforce reduction in its low-carbon solutions division and the sale of its share in the Schwedt refinery.

Portfolio Pulse from Benzinga Neuro

February 12, 2024 | 11:12 am

RIO

Rio Tinto PLC (NYSE:RIO) faces pressure from socially conscious investors and lenders due to water management issues at its Oyu Tolgoi copper mine in Mongolia and an ilmenite mine in Madagascar. The Local Authority Pension Fund Forum (LAPFF) has raised concerns, which could affect Rio Tinto's efforts to gain approval for new mines in Serbia and Arizona. LAPFF, representing U.K. pension funds with over $445 billion in assets, plans to push for an independent water impact assessment at Rio Tinto's mine sites. The company has been graded 'F' by environmental adviser CDP for not disclosing water data since 2016. Rio Tinto will report its Q4 FY23 results on February 21, 2024.

Portfolio Pulse from Lekha Gupta

February 12, 2024 | 10:49 am

UL

Unilever's CEO is reportedly making a strategic shift in the company's direction with the support of Nelson Peltz, a notable activist investor. This move is seen as a significant change in strategy for Unilever, aiming to enhance growth and shareholder value.

Portfolio Pulse from Charles Gross

February 12, 2024 | 9:51 am

GOOG

GOOGL

Google, a subsidiary of Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), has announced a commitment of 25 million euros ($26.98 million) to enhance AI skills in Europe. This investment aims to address inequalities in the AI sector by working with social enterprises and non-profits. The initiative includes launching 'growth academies' and expanding free online AI training courses to 18 languages. This move follows the launch of Google's Gemini AI and amidst challenges such as the controversy over Bard's misinformation and stringent EU regulations.

Portfolio Pulse from Benzinga Neuro

February 12, 2024 | 9:07 am

SEALSQ

SEALSQ enters the AI chip market with an advanced AIoT strategy, combining AI and IoT technologies into a fully integrated platform. This move aims to revolutionize digital transformation and innovation for its customers through a foundation of semiconductors, smart sensors, IoT systems, AI technologies, and an expansive data cloud.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 7:08 am

SAP

SAP SE's Supervisory Board has nominated Pekka Ala-Pietilä as the new member and potential successor to Chairman Hasso Plattner. Ala-Pietilä will be up for election at the next Annual General Meeting for a two-year term. Additionally, Punit Renjen will resign from the SAP Supervisory Board due to differing views on the role of the chair, effective May 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 7:02 am

TSLA

The Dawn Project launched a Super Bowl ad campaign targeting Tesla Inc. (NASDAQ:TSLA) for safety issues with its self-driving software. The ads, featuring real crash footage, urge a boycott of Tesla, highlighting the company's inaction following fatal crashes and the NHTSA's calls for a ban on the software. This campaign is part of ongoing efforts to raise safety concerns about Tesla's Full Self-Driving software.

Portfolio Pulse from Benzinga Neuro

February 12, 2024 | 6:10 am

VFC

Engaged Capital, an activist investment firm, has gained the support of heirs to VF Corp (VFC), the owner of The North Face, in its campaign for changes within the company. The firm, holding a significant stake in VFC, is pushing for a strategic overhaul, including board changes, to enhance shareholder value.

Portfolio Pulse from Charles Gross

February 12, 2024 | 12:54 am

AZN

DAL

TMUS

WMT

Companies like Walmart, Delta Air Lines, and T-Mobile are using AI-powered tools by startup Aware to monitor communications on platforms like Slack and Microsoft Teams. This technology aims to detect inappropriate behaviors and provide real-time insights into employee sentiment, marking a shift from traditional survey methods. Delta Air Lines, for instance, uses Aware's analytics and eDiscovery tools for sentiment tracking and feedback collection. The adoption of such AI monitoring tools has sparked privacy and ethics debates.

Portfolio Pulse from Bibhu Pattnaik

February 10, 2024 | 7:56 pm