Streetbeat News

Legal

AAPL

Apple Inc. (NASDAQ:AAPL) has denied using YouTube videos to train its AI features, clarifying that its OpenELM model is solely for research purposes. This follows reports of tech companies using YouTube subtitles for AI training without consent. Apple emphasized that its AI models are trained on licensed and publicly available data.

Portfolio Pulse from Rounak Jain

July 18, 2024 | 12:07 pm

BRKR

Bruker has posted a bond to suspend an injunction that was affecting sales of its CosMx Spatial Molecular Imager products by its NanoString business in Germany.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 11:10 am

DJT

DWAC

The SEC has filed a lawsuit against Patrick Orlando, former CEO of Digital World Acquisition Corp (DWAC), for securities fraud. The lawsuit alleges that Orlando issued misleading statements and failed to disclose plans to acquire Trump Media & Technology Group (DJT) before DWAC's IPO. This comes amid ongoing legal and financial challenges for Trump Media.

Portfolio Pulse from Benzinga Neuro

July 18, 2024 | 2:16 am

DJT

Local law enforcement informed the Secret Service about their inability to provide adequate security at a Trump rally, leading to a shooting incident. The shooter, Thomas Matthew Crooks, managed to reach the roof of a building with a clear view of the rally stage. The incident has raised concerns about the Secret Service's planning and security provisions, leading to multiple federal investigations and calls for Secret Service Director Kimberly Cheatle to step down.

Portfolio Pulse from Benzinga Neuro

July 18, 2024 | 1:22 am

CURLF

The FDA and FTC have issued warning letters to companies marketing cannabis products to children, particularly those with hemp-derived cannabinoids like delta-8 THC. This regulatory action coincides with a congressional debate on potentially banning consumable hemp-based cannabinoid products. Concerns are also rising over unknown compounds found in hemp conversion processes.

Portfolio Pulse from Patricio Liddle

July 17, 2024 | 11:49 pm

LASE

Governor Ron DeSantis criticized Florida's upcoming vote to legalize recreational marijuana at the Republican National Convention, arguing that it would allow excessive possession and use of cannabis, potentially affecting free speech and gun rights. He also expressed concerns about public consumption and regulation challenges.

Portfolio Pulse from Maureen Meehan

July 17, 2024 | 9:53 pm

GOOG

GOOGL

META

QQQ

RUM

Senator J.D. Vance, Donald Trump's vice-presidential pick for the 2024 election, has called for breaking up large tech companies like Alphabet Inc. (Google) and Meta Platforms (Facebook). Vance's stance could lead to more discussions on antitrust legislation if Trump wins. Vance is also an investor in Rumble Inc., which has filed lawsuits against Google, and holds significant investments in the Invesco QQQ Trust.

Portfolio Pulse from Chris Katje

July 17, 2024 | 8:38 pm

BYND

Beyond Meat is engaging with bondholders to discuss balance-sheet restructuring due to liquidity issues. The company has been burning cash and is working with law firm Latham & Watkins, while bondholders are represented by Akin Gump Strauss Hauer & Feld.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 8:31 pm

CNHI

Hemisphere GNSS has been acquired by CNH Industrial in 2023. Additionally, Hemisphere GNSS will pay $2.6 million to settle False Claims Act allegations related to the Paycheck Protection Program.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 7:40 pm

DJT

SPY

Special Counsel Jack Smith has formally appealed the dismissal of the classified documents case against former President Donald Trump.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 7:25 pm