Streetbeat News

Corporate Responsibility

BUD

DWAC

Donald Trump endorsed Anheuser-Busch InBev on Truth Social, calling it a 'Great American Brand' deserving a second chance, despite a recent advertising mistake. He highlighted the company's significant contributions to American farmers, employment, veterans, and educational scholarships through Folds of Honor.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 8:46 pm

AAPL

TSLA

A Delaware judge voided Tesla CEO Elon Musk's $55 billion compensation plan, leading to Tesla shareholders rallying in support. They propose a new compensation plan aiming for Tesla to surpass Apple and Saudi Aramco's combined market cap of $4.9 trillion. The plan suggests vesting shares to grant Musk 25% ownership. Tesla's board faces decisions on Musk's compensation amidst this support, with over 5,000 shareholders backing a new plan.

Portfolio Pulse from Chris Katje

February 06, 2024 | 8:45 pm

BA

SPR

Spirit Aerosystems has announced its commitment to continuous improvement in processes, working closely with Boeing and regulators, following a report by the National Transportation Safety Board (NTSB).

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 8:06 pm

BA

Boeing has announced its commitment to enhancing the quality and stability of its 737 production system, as reported by Reuters. This move is aimed at addressing recent concerns and ensuring the reliability of its manufacturing processes.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 8:04 pm

BA

Boeing has expressed appreciation for the U.S. National Transportation Safety Board's (NTSB) efforts and has committed to reviewing their findings quickly. The company acknowledges its accountability for the events in question, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 8:04 pm

AMZN

Amazon is implementing a new cost-cutting mandate that includes laying off hundreds of employees at its One Medical and Pharmacy units. This move is part of a broader strategy to reduce expenses across the company.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 7:23 pm

MOS

The EPA has settled with Mosaic Fertilizer and Tampa Port Services for Clean Air Act violations at a Louisiana facility. The settlement includes over $217,000 in penalties, installation of ammonia gas monitors, and equipment donations to local emergency services.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 6:56 pm

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