Streetbeat News

Legal

EAF

GrafTech International Ltd. (EAF) has responded to an open letter from dissident stockholder Mr. Undavia, who intends to nominate himself for election to GrafTech's Board at the 2024 Annual Meeting. GrafTech emphasizes its Board's qualifications and commitment to corporate governance, and plans to file preliminary materials for the Annual Meeting with the SEC soon. Stockholders are advised no action is needed at this time.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:04 pm

AMZN

LLY

Amazon.com's Amazon Pharmacy has integrated Eli Lilly And Co's LillyDirect into its services for home delivery of select medications for diabetes, obesity, and migraine. This partnership marks a significant expansion in access to vital medications, leveraging Amazon's logistics for direct delivery. Eli Lilly also announced a new website for telehealth prescriptions and has taken legal action against the sale of fraudulent products mimicking its diabetes and weight loss treatments.

Portfolio Pulse from Vandana Singh

March 13, 2024 | 12:41 pm

BTCUSD

ETHUSD

SPY

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin dropped due to hotter-than-expected CPI data, with analysts predicting Bitcoin's next key level at $83K. US markets saw movements with Beauty Health and others moving higher, and the Dow jumping over 200 points amid improved investor sentiment. Biden's approval ratings rose, and tech discussions included Nvidia's position and AI challenges. Tesla was highlighted in electric vehicle and general news, with Elon Musk's comments on AI and environmental protests. Disney and TikTok also made headlines in communication.

Portfolio Pulse from Akanksha Bakshi

March 13, 2024 | 12:38 pm

TSLA

Tesla shareholders, upset with the Delaware Court's nullification of CEO Elon Musk's 2018 compensation package worth $56 billion, attempted to influence the court through letters and are now considering a floral tribute to shareholder rights. The court's decision, seen as unfair by some shareholders, led to a unique form of protest supported by Musk himself.

Portfolio Pulse from Anan Ashraf

March 13, 2024 | 11:27 am

MSFT

TSLA

Elon Musk, CEO of Tesla Inc, mocked OpenAI's logo on X, suggesting it spells 'LIE', which led to backlash from users who criticized Tesla's Full Self Driving feature. Musk's contentious relationship with OpenAI, a company he co-founded and left, has been highlighted by a lawsuit he filed against them, accusing them of betraying founding principles. OpenAI, supported by Microsoft Corporation, refuted Musk's claims, stating there's no founding agreement as Musk suggested.

Portfolio Pulse from Ananya Gairola

March 13, 2024 | 11:14 am

LUNA

Luna Innovations shares are trading lower following the announcement of a delay in the release of its Q4 and FY23 financial results. The company also stated that its financial statements for the quarters ended June 30 and September 30 should no longer be relied upon.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:07 am

DIS

Marvel Entertainment, owned by The Walt Disney Co. (NYSE:DIS), has reportedly fired Beau DeMayo, the creator of the Disney+ series X-Men '97, just weeks before its premiere. DeMayo, who had significant involvement in Marvel projects and had completed writing for the second season of X-Men '97, was abruptly terminated without a disclosed reason. This move has surprised many, given the timing and DeMayo's key role. Despite this, the premiere of X-Men '97 is still scheduled for March 20, with the show generating substantial interest.

Portfolio Pulse from Ananya Gairola

March 13, 2024 | 8:48 am

TSLA

Tesla Inc's CEO Elon Musk criticized environmental activists protesting the expansion of the Berlin gigafactory, calling them 'dumber than a doorstop' or 'puppets.' The protest follows an arson attack that halted production, attributed to the 'Vulkan' Group citing environmental concerns. Despite local opposition and production challenges, Tesla plans to double the factory's capacity for battery and car production.

Portfolio Pulse from Anan Ashraf

March 13, 2024 | 7:26 am

SDZNY

Sandoz reported a decrease in its fiscal 2023 core EPS to $2.20 from $2.83 YoY, while sales increased to $9.65B from $9.07B YoY. The company experienced strong growth across all regions and in biosimilars, with a full-year net sales increase of 7% in constant currencies. However, the EBITDA margin fell to 9.5% due to legal settlements and other one-time costs.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 6:28 am

META

Meta Platforms Inc.'s chief AI scientist, Yann LeCun, stated on the Lex Fridman podcast that creating an unbiased AI system is impossible due to the subjective nature of bias. He emphasized the need for a diverse range of AI systems and warned against the control of AI by a few companies. The discussion also touched on the criticism of Google's Gemini for generating biased content and the broader industry debate on AI bias, with figures like Elon Musk and Mark Cuban weighing in on the issue.

Portfolio Pulse from Ananya Gairola

March 13, 2024 | 5:21 am