Streetbeat News

Corporate Responsibility

NCRA

Nocera Inc. (NASDAQ:NCRA) announced a change in its senior leadership. The current COO, Hong-Wen (Howard) Ruan, has retired, and Feng-Hua (Howard) Chen has been appointed as the new COO, effective immediately. Chen brings over 30 years of experience in various fields including financial services and construction. CEO Andy Jin expressed confidence in Chen's leadership abilities and extended gratitude to Ruan for his service.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 8:34 pm

VFS

At CES, VinFast Chair Le Thi Thu Thuy announced plans for follow-on transactions in 2023 as markets recover and the company demonstrates progress.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:50 pm

RENT

Rent the Runway (RENT) shares are trading higher following the announcement of a workforce reduction and restructuring plan aimed at reducing costs and improving operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:09 pm

NVO

Novo Nordisk CEO states that the main challenge for the company is not competition but increasing awareness of obesity as a chronic disease. The CEO welcomes competition in the obesity treatment market as it helps to drive and unlock the market's potential.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:07 pm

NVO

Novo Nordisk's CEO predicts a 'significantly higher stay time' for patients using Wegovy for obesity treatment, indicating increased duration of use compared to current treatments.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:04 pm

BABA

Alibaba.com, part of Alibaba International Digital Commerce Group (AIDC), announced new AI-powered features for its Smart Assistant at CES 2024. These features aim to enhance efficiency and growth for SMEs and entrepreneurs by improving supply chain and sourcing processes. The Instant Help feature, an AI chatbot, will provide real-time insights and industry knowledge. Since September 2023, the Smart Assistant's Upgraded Image Search and Smart RFQ have shown increased deal closing rates and quote responses. Alibaba.com also launched the Entreprenuts campaign to celebrate entrepreneurial spirit and will showcase these innovations at CES. The US has seen a surge in new businesses, but many fail within the first few years, highlighting the importance of Alibaba.com's tools for small business success.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:02 pm

HPE

JBLU

JetBlue Airways Corporation (NASDAQ:JBLU) shares fell by over 10% after B of A Securities analyst Andrew Didora downgraded the stock from Neutral to Underperform and lowered the price target from $6 to $3. The company also announced that Joanna Geraghty will succeed Robin Hayes as CEO in February 2024. Other stocks moved significantly in Tuesday's mid-day session, with various gainers and losers across different sectors.

Portfolio Pulse from Avi Kapoor

January 09, 2024 | 6:01 pm

ILMN

At the JPM Healthcare Conference, an Illumina executive stated that the company's 2024 results are expected to closely resemble those of 2023. Customers are anticipated to remain cautious and constrained in their purchasing decisions. Illumina plans to continue making inorganic investments to drive growth.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 5:24 pm

ALK

BA

Boeing Co (BA) is under scrutiny after a door plug dislodged from an Alaska Air Group (ALK)-operated 737 MAX 9, leading to the grounding of some jets by the FAA. Analysts from Goldman Sachs, Bank of America, RBC Capital Markets, and JPMorgan commented on the potential impact on Boeing's reputation and operations, maintaining their ratings but noting the reputational and potential financial risks. The incident could also affect Boeing's resumption of deliveries to China, although Chinese carriers do not currently operate MAX 9s.

Portfolio Pulse from Surbhi Jain

January 09, 2024 | 5:17 pm

AMZN

GOOG

MSFT

The European Commission (EC) is 'checking' Microsoft Corp's (NYSE:MSFT) investment in OpenAI, which may be subject to EU Merger Regulation review. This follows the UK's Competition and Markets Authority (CMA) investigation into whether Microsoft's partnership with OpenAI resulted in an 'acquisition of control.' The EC is also conducting a wider probe into virtual worlds and generative AI, inviting feedback on competition levels. Global regulators are concerned about big tech firms like Microsoft, Amazon.com Inc (NYSE:AMZN), and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) dominating AI innovation through investments.

Portfolio Pulse from Neil Dennis

January 09, 2024 | 5:12 pm