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DJT

Trump Media & Technology Group's (NASDAQ:DJT) stock has significantly dropped, reducing Donald Trump's net worth below $4 billion. After going public in late March with a high opening share price, DJT's value has since fallen, with Trump's stake now valued at $1.88 billion. This decline has impacted Trump's ranking among the world's richest, removing him from the Bloomberg Billionaires Index. The company's future share volatility may be influenced by Trump's potential share sales after a six-month lockup period and ongoing legal challenges.

Portfolio Pulse from Chris Katje

April 17, 2024 | 5:18 pm

MJ

MSOS

A Democratic senator questioned Attorney General Merrick Garland on the impact of the SAFER Banking Act's Section 10 on criminal investigations, highlighting concerns about notifying customers of account terminations due to investigations. The section, criticized for potentially compromising law enforcement, was revised after bipartisan negotiations. The bill aims to mitigate financial discrimination against industries like gun manufacturing and payday lending. The discussion reflects ongoing debates over cannabis policy and banking regulations, with the Justice Department and DEA reviewing cannabis scheduling.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:12 pm

XPER

Rubric Capital Management LP, holding approximately 9.0% of Xperi Inc.'s shares, has filed a proxy statement for the election of Thomas A. Lacey and Deborah S. Conrad to Xperi's Board at the 2024 Annual Meeting. Rubric criticizes the current Board for poor performance, excessive executive compensation, and poor capital allocation, urging shareholders to vote for their nominees to improve long-term value.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 4:57 pm

NKLA

Nikola Corporation's (NASDAQ:NKLA) stock has declined over 33% in the past five days following allegations of fraudulent conduct by its management and certain directors by M&M Residual. The company is expected to report Q1 financial results on May 7, with anticipated losses of 10 cents per share and revenue of $14.235 million. The stock's current price is below its 200-day moving average, indicating a bearish signal according to some investors.

Portfolio Pulse from Erica Kollmann

April 17, 2024 | 4:32 pm

GOOG

GOOGL

The Jerusalem Post inaccurately reported that Google arrested and suspended anti-Israel workers. In reality, protesters were arrested by police officers after they refused to leave Google Cloud CEO Thomas Kurian's Sunnyvale office.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 4:11 pm

GOOGL

Anti-Israel activists, including some Google employees, were arrested after occupying Google's offices in New York City and Sunnyvale for nearly 10 hours to protest Google's contracts with the Israeli government, specifically Project Nimbus. The protesters, part of the No Tech for Apartheid movement, demand the cancellation of these contracts, claiming Google's technology supports occupation and genocide in Gaza. Google responded by putting the involved employees on administrative leave and cutting their system access, citing policy violations. The protest is part of a larger campaign against Project Nimbus, which also saw Google and Amazon workers publishing an open letter condemning the project. Despite these protests, Alphabet stockholders voted against assessing the company's role in Project Nimbus.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:58 pm

FXI

SPY

Webull, a trading application, is currently under investigation by multiple states due to its connections with China, as reported by the Wall Street Journal. This probe could have implications for investor confidence and regulatory scrutiny on companies with significant ties to China.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:34 pm

META

The EU watchdog has stated that it is not feasible for users to comply with consent requirements for personal data usage in targeted advertising if their only options are to agree to data use or pay a fee for an ad-free experience. This statement could impact companies relying on such models for revenue.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:18 pm

ALK

Alaska Airlines encountered a system issue during an upgrade to its weight and balance calculation system, leading to a ground stop for all Alaska and Horizon flights starting around 7:50 am PT on Wednesday. The airline is actively working to resolve the problem as quickly as possible.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:17 pm

ALK

Alaska Airlines experienced a ground stop due to an IT issue, as reported by CNBC. This temporary halt in operations could impact the airline's schedule, potentially affecting customer satisfaction and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:07 pm