Streetbeat News

Labor Issues

DIS

NFLX

Hollywood studios have proposed a new deal to striking screenwriters, addressing concerns such as AI and viewer stats. The proposal includes a guarantee that human writers will always get credit for screenplays and sharing viewer stats for shows on streaming platforms. Netflix and Disney CEOs are pushing for an agreement. The Writers Guild of America, which began their strike on May 2, is yet to accept the offer. The proposal also includes a 20% increase in residuals, salary hikes, and guaranteed minimum work duration for writers.

Portfolio Pulse from Sudhanshu Singh

August 15, 2023 | 8:53 am

DIS

NFLX

PARA

WBD

Hollywood studios have proposed a new deal to striking screenwriters, which includes assurances that artificial intelligence will not replace human writers and access to viewer data will be provided. The Alliance of Motion Picture & Television Producers, representing Warner Bros. Discovery Inc. and Paramount Global, is involved in the negotiations.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 11:56 pm

AMZN

David Limp, the head of Amazon's devices, is set to retire before the end of the year, according to the Wall Street Journal.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 7:56 pm

GS

Goldman Sachs CEO David Solomon's leadership style has led to both successes and internal dissent. Despite achieving the highest profits in Goldman's history in 2021, his aggressive expansion into consumer banking and his public persona have attracted criticism. Over 200 partners have exited the firm since Solomon's tenure began. Meanwhile, John Rogers, known as the 'CEO Whisperer' at Goldman Sachs, is stepping down after nearly 30 years, passing his role as chief of staff to Russell Horwitz, a former Goldman executive.

Portfolio Pulse from Michael Cohen

August 14, 2023 | 4:12 pm

F

GM

STLA

President Biden has called for all parties to work together to reach a fair agreement in the United Auto Workers (UAW) labor contract talks. This could potentially impact the operations of Ford (F), General Motors (GM), and Stellantis (STLA).

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 3:33 pm

F

Ford's President and CEO, Jim Farley, and former Apple Services Executive, Peter Stern, are hosting a media Q&A about Stern's hiring to lead the newly formed Ford Integrated Services.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 2:28 pm

BTCUSD

ETHUSD

Crypto media company CoinDesk is expected to lay off staff as part of a cost-cutting measure to facilitate its sale. CoinDesk's parent company, Digital Currency Group (DCG), is finalizing a deal to sell CoinDesk to an investor group for $125 million. The layoffs will predominantly affect the firm's media team. DCG has been negatively impacted by the downturn in the cryptocurrency industry.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 1:26 pm

AMZN

NFLX

US companies, including Netflix and Amazon, are offering AI jobs with salaries up to $900K, according to a New York Post report. This indicates a high demand for AI professionals in these companies.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 1:26 pm

CGRN

Capstone Green Energy Corporation (NASDAQ:CGRN) announced the resignation of Darren Jamison as President and CEO, effective August 22, 2023. Robert Flexon, Board Chair, will serve as Interim CEO. The board will initiate a search for a permanent CEO. Flexon, who has extensive industry experience, will focus on improving the company's financial health.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 1:03 pm

BTAI

BioXcel Therapeutics plans to reduce its workforce from approximately 190 to 80 employees. The company estimates that its current cash and equivalents will last through mid-2024.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 11:10 am