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AVGO

BABA

ByteDance's Singapore office experienced a mass food poisoning incident affecting 60 employees. The Singapore Food Agency and Ministry of Health are investigating. ByteDance is cooperating with authorities and supporting affected employees.

Portfolio Pulse from Benzinga Neuro

July 31, 2024 | 11:00 am

AMZN

The U.S. Consumer Product Safety Commission (CPSC) has ordered Amazon to recall over 400,000 hazardous products sold on its platform, including faulty carbon monoxide detectors, hairdryers without electrocution protection, and children's sleepwear that violates federal flammability standards. Amazon is required to submit plans to notify customers and remove these products from circulation. The company plans to appeal the ruling.

Portfolio Pulse from Ananya Gairola

July 31, 2024 | 9:25 am

MSFT

OpenAI has started rolling out its advanced Voice Mode to a select group of ChatGPT Plus users, offering more natural, real-time conversations and emotional responsiveness. This comes after a delay due to safety concerns and a controversy involving Scarlett Johansson. Microsoft has integrated OpenAI models into its Azure cloud platform.

Portfolio Pulse from Benzinga Neuro

July 31, 2024 | 8:43 am

APPN

PEGA

Appian plans to appeal and seek reinstatement of a trade secret verdict against Pegasystems in the Virginia Supreme Court.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:10 am

BTCUSD

ETHUSD

XRPUSD

XRP outperformed Bitcoin and Ethereum, hitting a 4-month high of $0.65 with an 8% increase in the last 24 hours. Prominent analyst Ali Martinez predicts a bullish breakout if XRP surpasses $0.90. Despite this, XRP has lagged behind the broader market in 2024.

Portfolio Pulse from Aniket Verma

July 31, 2024 | 4:21 am

EADSY

Airbus is under investigation by UK authorities for potential export control violations involving several of its entities in the UK.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 7:28 pm

PEGA

Pegasystems shares are trading higher after a Virginia judge reversed the $2 billion verdict awarded to Appian.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 6:55 pm

AMZN

WBD

Amazon.com Inc (NASDAQ:AMZN) has secured NBA rights for $1.8 billion annually, aiming to boost Prime Video subscribers. However, a Benzinga poll indicates limited impact, with only 10% of non-subscribers willing to join for NBA content. Warner Bros. Discovery (NASDAQ:WBD) is suing the NBA over the deal, claiming a contractual right to match Amazon's offer.

Portfolio Pulse from Chris Katje

July 30, 2024 | 6:26 pm

AMZN

NOK

Amazon has filed a lawsuit against Nokia, alleging patent infringement. This legal action could have implications for both companies' stock prices in the short term.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 6:26 pm

CRWD

DAL

MSFT

Delta Air Lines is seeking damages from CrowdStrike and Microsoft after a major system outage caused by a software update led to significant financial losses and flight cancellations. The incident has prompted an investigation by the Department of Transportation.

Portfolio Pulse from Shivani Kumaresan

July 30, 2024 | 6:05 pm