Streetbeat News

Legal

CNBS

MJ

POTX

THCX

TOKE

YOLO

Tantalus Labs Ltd. has received permission from a British Columbia Supreme Court to sell over 1,200 kilograms of marijuana to alleviate its financial troubles. In other news, Uruguay celebrates six years of legal marijuana sales, and Slovenia is being touted as a potential hub for premium cannabis production due to its clean environment. Several cannabis ETFs including Cambria Cannabis ETF (BATS:TOKE), Amplify Seymour Cannabis ETF (NYSE:CNBS), AdvisorShares Pure Cannabis ETF (NYSE:YOLO), ETFMG Alternative Harvest (NYSE:MJ), AXS Cannabis ETF (NYSE:THCX), and Global X Cannabis ETF (NASDAQ:POTX) have shown varied price actions.

Portfolio Pulse from Jelena Martinovic

July 28, 2023 | 9:38 pm

LYV

The Department of Justice (DOJ) is considering filing an antitrust lawsuit against Live Nation Entertainment, according to Politico. The potential lawsuit is due to allegations of Live Nation violating a 2010 agreement that prohibits the company from retaliating against venues for using a ticketing service other than Ticketmaster, which is owned by Live Nation.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 7:36 pm

DWAC

Despite facing multiple indictments, former President Donald Trump has confirmed his intention to run for president in 2024. The U.S. Constitution does not prevent a convicted individual from running for or winning the presidency. Trump's potential incarceration is also included in provisions related to his SPAC deal with Digital World Acquisition Corporation (NASDAQ:DWAC). The SPAC merger filing states that a 'material disruptive event' such as Trump running for public office or being convicted of a felony would not change the company's ownership.

Portfolio Pulse from Chris Katje

July 28, 2023 | 7:06 pm

APLD

RILY

A report by The Friendly Bear Short Research suggests that B. Riley is controlling managerial decisions at Applied Digital, potentially to the detriment of Applied Digital shareholders. The report raises concerns about the independence of Applied Digital's board, potential conflicts of interest, and potential legal risks for both companies. It also suggests that B. Riley's influence on Applied Digital may be putting B. Riley's interests ahead of Applied Digital shareholders.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 2:31 pm

MSFT

Senator Ron Wyden has accused Microsoft Corporation of negligent cybersecurity practices and withholding key details about a recent hack. The breach reportedly allowed China-based hackers to compromise accounts belonging to 25 organizations, including officials in the US Departments of State and Commerce. Wyden has called on the Justice Department to hold Microsoft accountable for the breach.

Portfolio Pulse from Navdeep Yadav

July 28, 2023 | 12:32 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) is under scrutiny over a security breach that allowed Chinese hackers to spy on top Biden administration officials. The breach is believed to be worse than initially thought, compromising the unclassified Microsoft email inboxes of senior State Department officials, Commerce Secretary Gina Raimondo, and others. Senator Ron Wyden has requested three separate federal probes into Microsoft's alleged negligent cybersecurity practices. The hack has affected more than two dozen organizations globally, with fewer than ten organizations compromised in the U.S.

Portfolio Pulse from Anusuya Lahiri

July 28, 2023 | 11:48 am

AULT

Ault Alliance has contracted Shareholder Intelligence Services, LLC to investigate potential illegal short selling activities in its common stock.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:33 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) is reportedly under scrutiny for allegedly forming a secret team to handle customer complaints about range issues. The team, known as the 'Diversion Team', was tasked with cancelling as many range-related appointments as possible. The company's performance was evaluated based on the average number of diverted appointments per day, each diversion reportedly saving the company $1,000. However, Gary Black from Future Fund dismissed the report, stating that the EPA sets the advertised battery range for each EV, making it difficult for Tesla to manipulate.

Portfolio Pulse from Shanthi Rexaline

July 28, 2023 | 4:59 am

DWAC

A third defendant has been added to the criminal case accusing former President Donald Trump of retaining classified documents at his Florida residence after leaving the White House. The news could potentially affect the stock of Digital World Acquisition Corp. (DWAC), a SPAC that plans to merge with Trump's social media venture.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 10:24 pm

SHLS

Shoals Technologies Group (NASDAQ:SHLS) has amended its patent infringement complaint against Voltage, LLC, adding a third, recently-issued U.S Patent. The patent relates to improved connectors for solar panel arrays. Shoals' complaint requests that the ITC issue a limited exclusion order and a cease and desist order against Voltage and related entities to bar the importation into the United States of devices, components and products that are alleged to infringe Shoals' patents.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 8:53 pm