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COIN

Citi has upgraded Coinbase Global Inc. (NASDAQ:COIN) from neutral to buy, citing favorable regulatory shifts and a positive outlook for the cryptocurrency industry following President Joe Biden's withdrawal from the presidential race. The Supreme Court's decision to remove the Chevron Defence Doctrine is also seen as beneficial for Coinbase in its legal battles with the SEC.

Portfolio Pulse from Aniket Verma

July 24, 2024 | 6:20 am

NNE

SMR

Nano Nuclear Energy Inc (NASDAQ:NNE) responded to a critical short report by Hunterbrook, defending its timelines and operations. The company emphasized its adherence to regulatory guidance and accused Hunterbrook of having ulterior motives. Despite the report, NNE's stock showed resilience, though it experienced a significant drop initially.

Portfolio Pulse from Hayden Buckfire

July 23, 2024 | 8:36 pm

AMZN

CMCSA

DIS

SBGI

WBD

Warner Bros. Discovery (WBD) has matched Amazon's (AMZN) deal for NBA TV rights, setting up a potential legal battle. Mark Cuban suggests Warner Bros. lease local rights from Diamond Sports Group, partially owned by Sinclair Inc (SBGI), and broadcast on TBS. This comes as Amazon invests in Diamond Sports Group.

Portfolio Pulse from Chris Katje

July 23, 2024 | 6:37 pm

ACN

JPM

MA

The U.S. Federal Trade Commission (FTC) has issued orders to eight companies, including Mastercard, JPMorgan Chase, and Accenture, seeking information on surveillance pricing. This move is part of a broader investigation into the pricing practices of these companies.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 1:31 pm

SOLV

TUSK

UPS

Market-Moving News for July 23rd: UPS reports Q2 2024 earnings miss, Solventum shares rise on Trian stake report, and Mammoth Energy Services surges after subsidiary's settlement agreement.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:56 am

AMZN

WBD

Warner Bros Discovery's TNT Sports plans to match Amazon's $1.9 billion bid for NBA broadcast rights, aiming to maintain its long-standing relationship with the NBA. This move comes as the NBA finalizes deals with Disney, NBCUniversal, and Amazon, collectively valued at $76 billion.

Portfolio Pulse from Benzinga Neuro

July 23, 2024 | 9:13 am

META

The EU has warned Meta Platforms Inc. (NASDAQ:META) about its 'pay or consent' model for Facebook and Instagram, citing potential consumer protection law violations. Meta has until September 1, 2024, to propose changes or face fines. The model requires users to either pay for ad-free usage or consent to data collection for personalized ads.

Portfolio Pulse from Ananya Gairola

July 23, 2024 | 8:07 am

CRWD

MSFT

CrowdStrike CEO George Kurtz is set to testify before Congress regarding a recent global tech outage caused by a faulty update to CrowdStrike's security software. The incident affected millions of devices running on Microsoft's Windows OS, leading to significant disruptions across various industries. CrowdStrike's stock has dropped sharply, and analysts have downgraded the stock due to concerns over the company's handling of the situation.

Portfolio Pulse from Benzinga Neuro

July 23, 2024 | 3:00 am

UPBD

Upbound Business Acima Leasing has filed a lawsuit against the US Consumer Financial Protection Bureau (CFPB) in the District Court for the Eastern District of Texas. Acima aims to stop what it claims is the CFPB's illegal attempt to expand its authority beyond federal law and override state regulations governing the lease-to-own industry.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:02 pm

MSFT

SGAMY

Bethesda Game Studios has unionized under the Communication Workers of America, marking a significant shift in the gaming industry's labor dynamics. This unionization involves 241 developers and follows similar moves within Zenimax and Sega Sammy Holdings. Microsoft has recognized the union, and negotiations for a contract are forthcoming.

Portfolio Pulse from Franca Quarneti

July 22, 2024 | 9:42 pm