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MAR

Marriott International has announced the relaunch and expansion of its donation program across various regions including the Caribbean, Latin America, Europe, the Middle East, and Asia Pacific. This initiative is part of the company's commitment to corporate responsibility and sustainability.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 8:28 am

TSLA

Elon Musk is under scrutiny for backing an anti-Semitic post, but has not faced any sanctions in his 52-year career, according to crisis management expert Eric Dezenhall. Dezenhall suggests Musk's response will depend on his perception of the threat to his companies. Advertisers like Apple, IBM, and NBCUniversal have pulled ads from Musk's social media platform following the controversy. Musk has denied the allegations of anti-Semitism on the platform.

Portfolio Pulse from Shanthi Rexaline

November 20, 2023 | 6:40 am

MSFT

Sam Altman, CEO of OpenAI, tweeted a photo of himself wearing a guest badge at OpenAI, humorously noting it's the first and last time he'll do so.

Portfolio Pulse from Charles Gross

November 19, 2023 | 11:57 pm

LULU

Amena Saad, an Arab-American marathoner, was excluded from a Lululemon Athletica Inc. (NASDAQ: LULU) advertising campaign for the New York City Marathon. Saad suspects the exclusion was due to her Muslim identity and support for Palestinians. Lululemon responded, claiming the exclusion was unintentional and due to misinformation about Saad's willingness to be featured. The company apologized and reiterated its commitment to inclusivity. The incident has raised discussions on representation and inclusivity in marketing, reflecting challenges faced by Muslim and Arab individuals.

Portfolio Pulse from Nabaparna Bhattacharya

November 19, 2023 | 12:28 am

AAPL

DIS

IBM

LGF

WBD

Elon Musk criticized major advertisers for pulling ads from social media platform X, accusing them of suppressing free speech. This follows their withdrawal after Musk endorsed an antisemitic post. Companies like Apple, Disney, Warner Bros. Discovery, IBM, and Lions Gate Entertainment have stopped advertising on X. X's CEO Linda Yaccarino emphasized the platform's stance against discrimination and efforts to combat antisemitism.

Portfolio Pulse from Bibhu Pattnaik

November 18, 2023 | 7:50 pm

DIS

DKNG

FWONA

FWONK

PENN

The sports betting sector saw several key developments, including the launch of ESPN Bet by PENN Entertainment in partnership with The Walt Disney Company. ESPN Bet is live in 17 states, offering $200 in bonus bets and topping iOS charts. Other highlights include Christian McCaffrey's touchdown streak ending, potential Taylor Swift's impact on Travis Kelce's performance, NFL Thanksgiving Day betting, Jim Harbaugh's suspension, a bettor winning a $5.5 million parlay, and Formula One betting odds for the Las Vegas Grand Prix.

Portfolio Pulse from Chris Katje

November 18, 2023 | 7:16 pm

TSLA

Elon Musk's recent endorsement of an antisemitic conspiracy theory has led to backlash from Tesla owners, with some reconsidering future purchases of Tesla vehicles. The controversy has affected Tesla's brand reputation, causing concern among drivers about being associated with the company. Tesla investor Ross Gerber plans to switch from a Tesla Model Y to a Rivian vehicle, reflecting a potential shift in consumer loyalty.

Portfolio Pulse from Anan Ashraf

November 18, 2023 | 1:57 pm

AAPL

DIS

IBM

ORCL

WBD

Elon Musk has threatened Media Matters with a 'thermonuclear lawsuit' for reporting that ads from major companies appeared next to antisemitic posts on X, leading to an advertiser exodus. Apple Inc., IBM Corp., Oracle Corp., The Walt Disney Co., and Warner Bros. Discovery Inc. have pulled ads from X in response. Musk has previously sued a nonprofit for a similar issue and has recently endorsed an antisemitic theory.

Portfolio Pulse from Rounak Jain

November 18, 2023 | 10:04 am

AAPL

DIS

IBM

WBD

Elon Musk has expressed his dissatisfaction with IBM Corp. (NYSE:IBM) for potentially withdrawing ads from TikTok over posts supporting Osama Bin Laden's manifesto. Musk has been critical of nonprofit organizations like Media Matters and ADL, blaming them for a significant drop in X's advertising revenue. Other companies, including Apple Inc. (NASDAQ:AAPL), The Walt Disney Co. (NYSE:DIS), and Warner Bros. Discovery Inc. (NASDAQ:WBD), have also pulled ads from X after a report by Media Matters about ads being displayed next to content promoting Adolf Hitler and the Nazi Party.

Portfolio Pulse from Rounak Jain

November 18, 2023 | 8:36 am

RIVN

TSLA

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and a Tesla investor, announced he will switch from his Tesla Model Y to a Rivian vehicle due to Elon Musk's endorsement of an antisemitic claim. Gerber's ETF, Advisor Shares Gerber Kawasaki ETF, holds Tesla shares as part of its top five holdings. Musk's recent comments have been criticized as damaging to Tesla's brand and have led to a public dispute with the Anti-Defamation League.

Portfolio Pulse from Anan Ashraf

November 18, 2023 | 3:06 am