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GOOG

GOOGL

The French Competition Authority has imposed a €250 million fine on Google for failing to comply with commitments it made in June 2022. This action underscores the regulatory challenges Google faces in Europe and could have implications for its operations and financial performance in the region.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 9:27 am

EIS

Jared Kushner, former senior White House Advisor and Donald Trump's son-in-law, faced criticism for his comments on Gaza's waterfront property, suggesting its potential value if focused on development rather than conflict. Kushner's remarks, made during an interview, implied a controversial stance on relocating Gaza's population for property development, which was criticized as advocating for ethnic cleansing. Despite the backlash, Kushner, known for his role in the Abraham Accords, continues to engage in property development, recently securing a deal in Serbia.

Portfolio Pulse from Shanthi Rexaline

March 20, 2024 | 9:24 am

BTCUSD

Sam Bankman-Fried's defense team criticizes the DOJ's portrayal of him as a 'super-villain' in their sentencing memorandum, arguing it distorts reality. They suggest a 'just sentence' of 63-78 months, countering the DOJ's recommendation of 40-50 years. Meanwhile, a photo reveals Bankman-Fried's current appearance in detention, and reports discuss his involvement in the 'mackerel economy' at the Metropolitan Detention Center.

Portfolio Pulse from Mehab Qureshi

March 20, 2024 | 7:14 am

MSTR

Peter Schiff criticized the limitations of trading Bitcoin through an ETF, highlighting the issue of liquidity being restricted to U.S. market hours. This concern is raised amidst a significant drop in Bitcoin's price, leading to a global crypto market sell-off. Schiff also scrutinized MicroStrategy and its CEO, Michael Saylor, for purchasing Bitcoin with borrowed funds, suggesting it might be an attempt to manipulate Bitcoin's price while selling MicroStrategy shares.

Portfolio Pulse from Mehab Qureshi

March 20, 2024 | 5:59 am

DWAC

Mark Cuban criticized Rep. Ted Lieu's comments on Donald Trump's financial management, particularly regarding Trump's net worth and cash assets. Cuban highlighted the difference between net worth and liquid assets, pointing out Trump's real estate investments and the challenges in securing bonds against them. This discussion is relevant in the context of Trump's legal issues and the impact on Digital World Acquisition Corp (DWAC), which saw its stock hit a 7-week low.

Portfolio Pulse from Benzinga Neuro

March 20, 2024 | 12:45 am

SOLUSD

An investigation by ZachXBT revealed that nearly $150M in SOL was sent to strangers' Solana addresses in meme coin presales, raising concerns over potential fraud. Over 33 presale events have occurred since March 12, with Smolecoin and Slerf meme coins experiencing significant issues. Solana's co-founder Anatoly Yakovenko and others have expressed concerns over these developments. The market for meme coins saw a downturn in Tuesday trading.

Portfolio Pulse from Murtuza Merchant

March 19, 2024 | 11:42 pm

FOX

FOXA

NWS

The 2024 Ruth Bader Ginsburg Leadership Awards, intended for Elon Musk among others, were revoked after objections from Barbra Streisand and Ginsburg's family. The controversy arose due to the change in award criteria and the selection of primarily male recipients. The Opperman Foundation, responsible for the awards, announced the cancellation and plans to reconsider its mission. Elon Musk's controversial figure status, particularly regarding free speech and social media platform X, and Rupert Murdoch's association with conservative media outlets News Corporation and Fox Corporation, were highlighted as potential reasons for the backlash.

Portfolio Pulse from Chris Katje

March 19, 2024 | 10:11 pm

MNTS

Momentus shares experienced a downturn after initially spiking due to the company being granted a US patent. The initial excitement over the patent grant led to a temporary increase in stock price, which later reversed.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 8:52 pm

CXW

GEO

The U.S. Supreme Court upheld Texas' border enforcement law, SB 4, allowing state and local law enforcement to arrest individuals suspected of illegal border crossings. This decision has sparked significant debate and criticism, particularly concerning federal immigration control and constitutional principles. Following the ruling, prison stocks CoreCivic Inc. (CXW) and Geo Group Inc. (GEO) saw a temporary increase in their stock prices.

Portfolio Pulse from Piero Cingari

March 19, 2024 | 8:40 pm

SHOT

Safety Shot, symbol SHOT, experienced a significant increase in its share price following a legal victory against Capybara Research and Igor Appelboom. The lawsuit's win is likely to positively impact investor sentiment and the company's reputation.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 8:22 pm