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Meta's Threads Prepares To Counter Elon Musk's X, Tesla Data Breach Affects Over 75K People, Medical Properties Trust's Prospect Medical Deal On Hold: Today's Top Stories

Benzinga

Amazon Reenters External Shipping Fray, Eyeing FedEx And UPS Rivalry Amazon.com Inc (NASDAQ: AMZN ) has reignited its external shipping service, Amazon Shipping, challenging its direct competitors, FedEx Corp (NYSE: FDX ) and United Parcel Service Inc (NYSE: UPS ). Amazon Shipping now caters to the contiguous U.S.,

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Xos, Inc. Accelerates Growth with Strategic Acquisition of ElectraMeccanica

Benzinga

(NASDAQ: XOS ), a leading electric truck manufacturer and fleet electrification services provider, today announced that it has closed its acquisition of ElectraMeccanica Vehicles Corp. The all-stock transaction is expected to add approximately $48 million to Xos' balance sheet and provide growth capital for the company.

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Facebook Turns To Generative AI For Help, FedEx Consolidates, UBS Executives Say Surprise Credit Suisse Deal 'Major Challenge:' Today's Top Stories

Benzinga

Benzinga Get Ready For Smarter Facebook Ads: Mark Zuckerberg & Co Turn To Generative AI For Help Meta Platforms Inc (NASDAQ: META ) plans to commercialize its proprietary generative artificial intelligence this year, a company executive reportedly said. FedEx CEO Raj Subramaniam will serve as CEO of the combined organization.

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SEC Commissioner Peirce on Flaws in New Clawback Rules

Reynolds Holding

Had we built flexibility into the rule, listing exchanges and companies could have developed sensible approaches to achieving the laudable goal of clawing back compensation paid on the basis of subsequently restated financial metrics. Second, the rule applies to too many company employees. Accordingly, I cannot vote to adopt this rule.