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Corporate Responsibility

LODE

Comstock Mining Inc. has received a new Class II Air Quality Operating Permit from the Nevada Division of Environmental Protection for its solar panel recycling facility. This permit is a significant step in the company's expansion into the solar panel recycling business, which is expected to enhance its environmental responsibility profile and potentially its financial performance.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 11:03 am

META

Meta Platforms Inc. CEO Mark Zuckerberg has embarked on a personal project raising cattle fed on macadamia nuts and beer at his $100M ranch in Hawaii. He aims to produce high-quality beef with the help of his daughters. While some Instagram users praised the initiative, others criticized it for being wasteful and environmentally harmful. Zuckerberg's ranch has previously been controversial among locals due to land acquisition lawsuits and its secretive nature.

Portfolio Pulse from Rounak Jain

January 10, 2024 | 10:43 am

GRFS

Grifols announces intent to take legal action against Gotham City Research for causing significant financial and reputational damage to the company and its stakeholders, as well as concern to its patients and donors.

Portfolio Pulse from Charles Gross

January 10, 2024 | 10:11 am

MSFT

TSLA

Microsoft Corp has developed a new battery material that uses 70% less lithium, which intrigued Tesla CEO Elon Musk. The material, created in collaboration with Pacific Northwest National Laboratory, also includes sodium and aims to reduce battery costs and fire risks. Advanced AI and computing were used to identify potential materials, with 23 candidates found. Musk has emphasized the importance of affordability in EV adoption, noting that high battery costs make EVs more expensive than traditional vehicles.

Portfolio Pulse from Anan Ashraf

January 10, 2024 | 9:47 am

META

SNAP

A federal judge has temporarily blocked an Ohio law requiring parental consent for minors to use social media apps. The law, set to be enforced on Jan. 15, faced opposition from NetChoice, representing companies like TikTok, Snap Inc. (SNAP), and Meta Platforms Inc. (META). The judge cited free speech concerns and the law's broad scope. NetChoice has previously won against similar laws in other states. The law was part of an effort to protect children's mental health.

Portfolio Pulse from Ananya Gairola

January 10, 2024 | 8:59 am

VFS

VinFast Auto (NASDAQ:VFS) unveiled its electric pickup truck concept, the VF Wild, at CES 2024. The mid-size truck features a flexible bed size, panoramic glass roof, and digital side mirrors. It was developed with Gomitiv and follows a leadership change with founder Pham Nhat Vuong as CEO. VinFast has signed agreements with five U.S. dealers to boost sales, marking its retail operations start in the U.S. The VF Wild aligns with VinFast's mission to offer sustainable EVs and enters the electric pickup market.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 8:54 am

SNAP

Snap Inc. CEO Evan Spiegel criticized rival social media platforms in a leaked memo, declaring 'Social Media is Dead. Long Live Snapchat!' He outlined a strategic plan for 2024 to address stagnant growth, focusing on user expansion in developed markets, an iOS-centric approach, improved ad targeting, and AR product development. The memo comes after several quarters of flat revenue growth and recent layoffs, signaling a pivotal moment for Snap's future direction.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 7:28 am

STM

STMicroelectronics has announced a major reorganization aimed at enhancing product development innovation, efficiency, and customer focus by end market. The company will be restructured into two Product Groups, which will be further divided into four Reportable Segments. Additionally, a new application marketing focus by end market will be implemented across all regions to complement the existing sales and marketing organization.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 7:15 am

AULT

Ault Alliance has withdrawn certain proposals from its Annual Meeting of Stockholders and lowered the quorum percentage needed to conduct business. The meeting was adjourned from December 29, 2023, to January 12, 2024, due to the lack of quorum.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:49 am

HYMTF

Hyundai Motor Group has announced the expansion of its fuel cell system brand HTWO into a hydrogen value chain business brand at CES 2024. The company also revealed its ongoing development of software-defined vehicle (SDV) technologies, aiming to create a 'Software-defined Everything' (SDx) ecosystem that extends beyond mobility. Additionally, Hyundai presented its future mobility concepts, including DICE, SPACE, and CITY POD, which are centered around human needs and powered by hydrogen energy and software technologies.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:44 am