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Corporate Responsibility

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

BP is facing pressure from activist investors to abandon its commitment to clean energy initiatives. These investors are pushing for a focus on more profitable oil and gas operations, challenging the company's strategy to transition towards more sustainable energy sources.

Portfolio Pulse from Charles Gross

January 29, 2024 | 9:40 am

EADSY

UAL

United Airlines is in early discussions with Airbus to acquire more A321neo jets as a response to delays in the delivery of Boeing's 737 Max 10. United CEO Scott Kirby initiated the talks due to concerns over the Max 10's certification, exacerbated by a recent mid-air emergency with an Alaska Airlines 737 Max 9. United has not canceled its order for 277 Max 10 jets but has removed them from internal plans. Boeing faces challenges with the 737 Max 9, which was temporarily grounded due to a door plug incident, and ongoing quality issues that could impact the U.S. economy.

Portfolio Pulse from Benzinga Neuro

January 29, 2024 | 8:19 am

BKR

Baker Hughes (NASDAQ:BKR), an energy technology company, announced new milestones in hydrogen technology during their 24th Annual Meeting in Florence, Italy. These include a new Hydrogen Testing Facility for NovaLT industrial turbines, completion of NovaLT16 turbines for Air Products' Net-Zero Hydrogen Energy Complex in Canada, and delivery of hydrogen compression solutions for the NEOM project in Saudi Arabia. Additionally, Baker Hughes has entered into collaborations with HyET and Green Energy Park to further develop and commercialize hydrogen technologies.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 7:10 am

AER

The aviation finance community is meeting in Dublin to discuss the impact of the Boeing 737 MAX 9 safety crisis on the $150 billion jet industry. This follows a recent in-flight incident with an Alaska Airlines 737 MAX 9, which led to an emergency landing due to a door plug blowout. The Federal Aviation Administration has halted any increase in 737 MAX production until Boeing addresses quality control issues. This could slow production, benefit leasing companies with increased returns, and raise lease rates for airlines. Key industry players like AerCap, SMBC Aviation Capital, Air Lease, and Avolon are in focus as the situation develops.

Portfolio Pulse from Benzinga Neuro

January 29, 2024 | 4:55 am

AMZN

GOOG

GOOGL

MSFT

The U.S. government has requested cloud service providers, including Amazon (AMZN), Alphabet (GOOG, GOOGL), and Microsoft (MSFT), to disclose foreign clients using their AI services, amid concerns over China's potential misuse of AI for espionage. This proposal could impact Chinese companies' access to AI resources and raises concerns about U.S. firms' competitiveness if allies don't implement similar measures. The industry has until April 29 to provide feedback before the rule is finalized.

Portfolio Pulse from Ananya Gairola

January 29, 2024 | 3:45 am

ADM

Archer-Daniels-Midland Co (ADM) has postponed executive performance bonuses due to an ongoing investigation into its accounting practices, particularly in the nutrition segment. The delay follows the sidelining of the CFO and a significant drop in ADM shares by 24%, the largest since 1929. The full-year 2023 financial results release has also been delayed, with the SEC requesting information on the Nutrition reporting segment and intersegment transactions.

Portfolio Pulse from Benzinga Neuro

January 29, 2024 | 1:52 am

ADM

ADM (Archer Daniels Midland Co) has delayed certain executive bonuses due to an ongoing accounting investigation. The nature of the accounting issues and the potential financial impact have not been disclosed. This postponement reflects the company's commitment to financial integrity and could affect investor confidence until the investigation is resolved.

Portfolio Pulse from Charles Gross

January 29, 2024 | 1:09 am

AMZN

TGT

VCR

WMT

XLY

A ProPublica investigation has revealed that Walmart Inc. (NYSE: WMT) is implicated in a fraud network involving gift cards and money laundering, with losses exceeding $1 billion from 2013 to 2022 according to the FTC. Despite Walmart's efforts to dismiss a lawsuit alleging negligence in preventing fraud, the company's financial services are under scrutiny for lack of effective anti-fraud measures. The case of Qinbin Chen, who laundered $7 million in Walmart gift cards, highlights the issue. Walmart's expansion into financial services, including the acquisition of One, raises concerns about its ability to manage these services amidst compliance issues. The situation may also impact related companies like Amazon.com Inc. (NASDAQ: AMZN) and Target Corporation (NYSE: TGT), as well as ETFs like XLY and VCR.

Portfolio Pulse from Bibhu Pattnaik

January 28, 2024 | 7:17 pm

ALK

UAL

United Airlines Holdings Inc. (UAL) is resuming flights with Boeing Co.'s (BA) 737 Max 9 aircraft after a temporary grounding. The grounding was due to an incident involving an Alaska Air Group Inc (ALK) flight where a door plug blew out mid-flight. The FAA has given final approval for the Max 9 fleet's return. United, a major Boeing customer, had expressed concerns over Boeing's quality control. Alaska Airlines has already restarted Max 9 operations, with Aeromexico and Turkish Airlines expected to follow. Boeing has committed to improving quality standards to regain confidence from customers, regulators, and the public.

Portfolio Pulse from Bibhu Pattnaik

January 28, 2024 | 4:05 pm