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Corporate Responsibility

CHGG

Chegg has announced the appointment of David Longo as its new Chief Financial Officer (CFO), effective February 21. This strategic move is expected to bring fresh financial leadership to the company.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:09 pm

UMBF

UMB Financial has announced the appointment of James Rine as President, effective January 29, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:07 pm

APTM

Mercury Capital announced significant leadership changes at Alpha Partners Technology Merger Corp (APTM), including the resignation of CEO Matt Krna and CFO Sean O'Brien on Dec 28, 2023. Subsequently, on Jan 3, 2024, Kanishka Roy was appointed as President and CEO. Additionally, several board members resigned on Dec 28, 2023, and new members were appointed on Jan 2, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 8:26 pm

TSLA

Tesla Inc (NASDAQ:TSLA) shares are trading lower due to concerns over alleged illegal drug use by CEO Elon Musk and other board members, as reported by the Wall Street Journal. The report suggests that Musk has normalized drug use among directors, potentially affecting their ability to oversee the company. Additionally, Piper Sandler cut its 2024 delivery estimates for Tesla, citing potential margin impacts from continued price cuts, though it remains bullish on Tesla's long-term prospects.

Portfolio Pulse from Adam Eckert

February 05, 2024 | 8:02 pm

SGML

Sigma Lithium has completed loading 22,000 tonnes of Quintuple Zero Green Lithium for Glencore, with a 50% prepayment at a 7.5% premium of the LME/Fastmarkets lithium hydroxide price. This shipment marks a milestone for Sigma's Greentech Plant, achieving its annualized nameplate capacity of 270,000 tonnes. Sigma's production process is notable for its minimal environmental impact, including zero net carbon emissions, no use of coal-based power, tailings dams, potable water, or hazardous chemicals.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 7:41 pm

AMZN

Amazon.com Inc has launched a new AI assistant named Rufus, designed to help shoppers with product-related queries. Rufus, which uses a proprietary algorithm, has sparked debate over its potential to guide users to sponsored products, raising concerns given Amazon's history and ongoing antitrust lawsuit regarding a 'pay-to-play' system in product recommendations. While initially, Rufus is not influenced by advertising, analysts speculate it might eventually incorporate sponsored results to boost advertising revenue. Amazon's efforts in generative AI, including AWS's advancements, highlight the company's focus on enhancing customer experiences through technology.

Portfolio Pulse from Anusuya Lahiri

February 05, 2024 | 6:45 pm

RBLX

Roblox has launched AI-powered real-time chat translations in 16 languages, enabling users worldwide to communicate seamlessly in their preferred language. This feature, built on Roblox's proprietary AI technology, supports instantaneous text chat translations among users. The technology aims to enhance global user interaction, with over 70M daily users and 19.7 million new friendships formed daily. Roblox's initiative reflects its commitment to global growth and user engagement, with plans to expand AI-powered translations to all user experiences, including voice.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 5:40 pm

AMZN

KSS

WMT

$24.5 billion of fraudulent returns during the holiday season has major retailers like Walmart and Amazon fighting back with new strategies. Walmart warns of higher prices or store closures, while Amazon spent $1.2 billion and employed 15,000 people to combat fraud using machine learning. Kohls Corp. has also adjusted its return policies to mitigate losses.

Portfolio Pulse from Caleb Naysmith

February 05, 2024 | 5:36 pm

BA

SPR

Spirit AeroSystems (SPR) shares dropped following the announcement that the company informed Boeing about mis-drilled holes in 737 Max fuselages, potentially affecting Boeing's production.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 5:29 pm

GRFS

Víctor Grifols Deu steps down as COO of Grifols but remains on the board as a non-executive director. Thomas Glanzmann continues as Executive Chairman.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 4:55 pm