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AMD

ARM

MSFT

NVDA

QCOM

A legal dispute between Qualcomm and Arm Holdings threatens the shipment of new AI-powered laptops. The conflict centers on intellectual property and licensing issues related to Qualcomm's acquisition of Nuvia. This could impact the market as Qualcomm's exclusive chip supply deal for laptops expires this year, opening opportunities for competitors like Nvidia and AMD.

Portfolio Pulse from Shivani Kumaresan

June 10, 2024 | 4:46 pm

LYFT

UBER

Uber has lost its appeal to overturn California's gig worker status law, which could have significant implications for the company's business model and financial performance.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 4:42 pm

BTI

MO

PM

XXII

The U.S. FDA and the Justice Department have announced the formation of a federal multi-agency task force aimed at curbing the distribution and sale of illegal e-cigarettes.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 3:27 pm

SMG

A class action lawsuit has been filed against Scotts Miracle-Gro Company (NYSE:SMG) alleging misleading information and artificially inflated prices. The lawsuit covers investors who acquired Scotts securities between Nov. 3, 2021, and August 1, 2023. The company is accused of making false statements about inventory levels, debt compliance, and financial performance, leading to inflated stock prices. Recent financial disclosures have led to a significant decline in stock price.

Portfolio Pulse from Nina Zdinjak

June 10, 2024 | 2:18 pm

EWC

EWU

ME

Canada and UK privacy authorities have launched a joint investigation into a data breach at 23andMe.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 2:12 pm

AMZN

Amazon is accused of violating UK sanctions by selling facial recognition technology to Russia, according to a former employee. The allegations are part of an unfair dismissal case against Amazon Web Services. Amazon denies the claims, stating they lack merit.

Portfolio Pulse from Benzinga Neuro

June 10, 2024 | 1:37 pm

META

The U.S. Supreme Court has agreed to hear Facebook's (now Meta Platforms Inc.) bid to dismiss a securities fraud lawsuit brought by shareholders. The lawsuit alleges that Facebook misled investors about the potential impact of its user data privacy practices on its stock price.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 1:31 pm

GOOG

GOOGL

Google has been fined $14.85 million by the Turkish Competition Board for non-compliance with local competition regulations related to hotel searches. This adds to a series of antitrust fines and investigations Google has faced globally, particularly in the EU.

Portfolio Pulse from Rounak Jain

June 10, 2024 | 1:29 pm

AAPL

Apple Inc. (NASDAQ:AAPL) has rejected the UTM emulator app from both its iOS App Store and third-party app stores, despite the European Union's Digital Markets Act aimed at loosening Apple's control. This decision highlights Apple's continued dominance over app distribution on its platforms.

Portfolio Pulse from Rounak Jain

June 10, 2024 | 1:05 pm

FSTA

WMT

XLP

Walmart Inc (NYSE:WMT) opposes a new New York law requiring panic buttons for retail worker safety, citing concerns about false alarms and costs. The law, awaiting the governor's signature, mandates large retailers to install panic buttons by 2027. Despite Walmart's safety initiatives, shareholders rejected a proposal for an independent review of workplace safety policies. Walmart's stock has gained over 28% in the last year.

Portfolio Pulse from Anusuya Lahiri

June 10, 2024 | 12:32 pm