Streetbeat News

Corporate Responsibility

TCRX

TScan Therapeutics has announced the appointment of Jason Amello as its new Chief Financial Officer. This strategic move could signal the company's focus on strengthening its financial leadership as it progresses in its business operations and development.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 12:25 pm

MSFT

Microsoft CEO Satya Nadella is planning a visit to India on February 7 and 8 to explore AI opportunities, following Microsoft's commitment to harness technology in the region. The visit aligns with discussions from a June 2023 meeting with Indian PM Narendra Modi, focusing on AI to improve Indian lives and the startup ecosystem. Indian AI startups are preparing to meet Nadella. Microsoft's AI initiatives include a partnership with OpenAI, AI integrations in Office 365, and incorporating Bing into ChatGPT.

Portfolio Pulse from Arpit Nayak

January 29, 2024 | 12:10 pm

BOOM

DMC Global Inc. has initiated a strategic alternatives process for its DynaEnergetics and NobelClad businesses. This process could include a sale, merger, divestiture, or other options to enhance shareholder value. The company has not set a definitive timeline for the completion of this process.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 12:04 pm

VSTM

Verastem Oncology (NASDAQ:VSTM) has announced its strategic priorities for 2024, focusing on the advancement of its clinical programs for RAS pathway-driven cancers. The company is dedicated to developing new cancer treatments and has highlighted upcoming catalysts for its drugs Avutometinib and Defactinib, as well as its broader pipeline.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 12:04 pm

TSLA

Tesla Inc's (NASDAQ:TSLA) Fremont factory has been recognized as the most productive factory in North America for the third year in a row, producing nearly 560,000 vehicles in 2023. This achievement was highlighted by Tesla executives and CEO Elon Musk, who praised the factory's transformation from a derelict facility to a leading production site. The factory, which was acquired from Toyota for $42 million in 2010 after GM's bankruptcy, now has a capacity of 650,000 units including premium and lower-end Tesla models.

Portfolio Pulse from Anan Ashraf

January 29, 2024 | 11:28 am

AAPL

GS

Apple Inc. (AAPL) has increased the APY for its Apple Card Savings Account to 4.50%, up from 4.35%. This is the third hike since December, with previous rates at 4.15% and 4.25%. The account, in partnership with Goldman Sachs (GS), allows users to earn interest on deposits up to $250,000. The rate now matches that of Marcus by Goldman Sachs. Apple also offers exclusive subscription deals for Apple Card users but reminds them that interest is taxable with 1099-INT forms.

Portfolio Pulse from Benzinga Neuro

January 29, 2024 | 11:07 am

GMDA

Gamida Cell is actively exploring strategic alternatives while prioritizing the commercialization of its FDA-approved cell therapy, Omisirge (omidubicel-onlv).

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 11:01 am

AAPL

DIS

Elon Musk, owner of Twitter now known as X, responded to venture capitalist Paul Graham's comment that Twitter has 'improved a lot' since Musk's acquisition. Graham noted a decrease in mob trolling, while Musk likened getting used to trolling to 'water off a duck's back.' The platform has been criticized for handling hate speech and misinformation, leading to ad withdrawals from companies like Apple Inc. and Walt Disney Co.

Portfolio Pulse from Rounak Jain

January 29, 2024 | 10:26 am

BA

RYAAY

During a conference call, Ryanair's CEO expressed full support for Boeing's CEO Calhoun and CFO West, and eagerly anticipates the delivery of the Boeing Max 10 aircraft.

Portfolio Pulse from Charles Gross

January 29, 2024 | 10:19 am

AAPL

Bloomberg columnist Mark Gurman suggests that iOS 18 could be the most significant update in iPhone history, with anticipated features like RCS support and enhanced Siri functionality using generative AI. Apple Inc. (NASDAQ:AAPL) plans to release iOS 18 in September, following a strategic pause in development to focus on AI capabilities and software quality. This update is crucial as Apple shifts focus to software innovation amid fewer hardware breakthroughs expected for the iPhone 16.

Portfolio Pulse from Ananya Gairola

January 29, 2024 | 9:52 am