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MAXN

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) has filed a patent infringement lawsuit against Hanwha Q CELLS over TOPCon solar cell technology in the Eastern District of Texas. This action follows a TOPCon patent infringement investigation initiated by Maxeon in November 2023, targeting companies like Canadian Solar, Inc. and REC Solar Holdings AS for selling infringing products. Maxeon, with a history of substantial R&D investment leading to over 1,650 granted patents, aims to protect its innovations and market leadership.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:41 pm

SBOW

SilverBow Resources (NYSE:SBOW) has sent a letter to its shareholders outlining its stance against Kimmeridge Energy Management's proposal regarding Kimmeridge Texas Gas (KTG). SilverBow criticizes Kimmeridge's valuation of KTG as significantly inflated and argues that the proposed combination would be highly dilutive to SilverBow shareholders. The company asserts that KTG's assets are of lower quality and that its growth plan is value-destructive. SilverBow urges shareholders to vote for its director nominees to protect shareholder value against Kimmeridge's proxy fight aimed at forcing a detrimental combination.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:14 pm

AAPL

Pavel Durov, the founder of Telegram Messenger, criticized Apple Inc.'s App Store policies, predicting a decline in iPhone market share in China. He highlighted the Chinese government's encouragement for citizens to switch to Android smartphones, like those made by Xiaomi and Huawei, due to Apple's restrictive app installation policies. Despite Apple's recent concessions in the EU, its strict App Store rules, including the removal of apps like Telegram and Meta Platforms Inc.'s WhatsApp and Threads under Chinese government pressure, could further diminish its market share in China.

Portfolio Pulse from Rounak Jain

April 22, 2024 | 12:08 pm

ADIL

Adial Therapeutics has expanded its intellectual property protection with a new patent covering the combination of its proprietary genetic diagnostic to identify patients with specific genotypes.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:00 pm

ALB

ANET

ARM

ASML

BRKR

COIN

EFX

JBHT

LYV

MSTR

PLD

TSLA

Last week saw significant declines in several large-cap stocks, with Arm Holdings plc and ASML Holding N.V. leading the downturn due to poor quarterly results and downgrades. Other notable declines were seen in MicroStrategy Inc, Coinbase Global Inc, Prologis, Inc., Tesla Inc, Equifax Inc., Bruker Corp, Live Nation Entertainment, Inc., Arista Networks Inc., J.B. Hunt Transport Services, Inc., and Albemarle Corp, attributed to various factors including market volatility, poor earnings, and regulatory concerns.

Portfolio Pulse from Mohit Manghnani

April 22, 2024 | 12:32 am

AAPL

AMZN

GOOG

META

MSFT

SONY

SPOT

Last week in consumer tech saw Alphabet's Google employees protest a cloud contract, SpaceX's Elon Musk accepting a challenge from Roscosmos, and a Texas judge halting an investigation into Media Matters. Sony is releasing a new PS5 version, a Star Wars-Fortnite crossover is announced, and Nintendo showcased indie games. EA plans a Black Panther game, and Apple faces a decline in iPhone shipments but explores manufacturing in Indonesia. Huawei launches new smartphones, Meta's Llama 3 AI model excels in tests, and Spotify's AI DJ personalizes music streaming. Amazon's Twitch to launch a TikTok-style feed, and Microsoft's investment in OpenAI won't face EU investigation.

Portfolio Pulse from Lekha Gupta

April 21, 2024 | 3:01 pm

AAPL

Apple Inc. (NASDAQ:AAPL) is considering expanding its manufacturing base to Indonesia, following discussions between CEO Tim Cook and Indonesian President Joko Widodo. Additionally, Apple faces new competition in China from Huawei Technologies Co.'s launch of its Pura 70 smartphone series, challenging the iPhone in the high-end market segment. Apple executive Phil Schiller expressed uncertainty about the App Store's profitability, and the company is also dealing with a China-linked espionage campaign targeting iPhones. Apple is pushing back against Epic Games' lawsuit over App Store practices.

Portfolio Pulse from Benzinga Neuro

April 21, 2024 | 4:29 am

AAPL

Steven Sinofsky, former Windows head, criticized Sen. Elizabeth Warren's claim that Apple Inc. has a 'smartphone monopoly', citing Apple's market share does not meet monopoly criteria. This comes amid increased scrutiny of Apple by lawmakers and regulators, especially after Warren supported a DOJ antitrust case against Apple, focusing on its smartphone market share and the discontinuation of the 'iMessage for Android' app, Beeper Mini. Apple's stock closed down 1.22% at $165.

Portfolio Pulse from Rounak Jain

April 20, 2024 | 7:48 am

AAPL

Sen. Elizabeth Warren criticized Apple Inc (NASDAQ:AAPL) for its smartphone market 'monopoly', particularly highlighting how the green text bubbles for non-iPhone users can ruin relationships and lead to social exclusion. Warren's comments support a Department of Justice antitrust case against Apple, focusing on the company's control over the smartphone market and its practices that lock users into its services. The DOJ's lawsuit includes claims of social stigmatization due to the blue vs. green text bubble issue, with Apple holding a 57% market share in North America as of January 2024.

Portfolio Pulse from Chris Katje

April 19, 2024 | 8:57 pm

CMP

NEM

USAU

U.S. Gold (NASDAQ:USAU) closed a $4.9M offering, aiming to boost its CK project in Wyoming. Compass Minerals (NYSE:CMP) faces an investigation by Glancy Prongay & Murray LLP due to potential federal securities law violations after a 17.1% stock drop, linked to the U.S. Forest Service's decision against using its fire retardants. Newmont (NYSE:NEM) appointed Francois Hardy as CTO, enhancing its executive leadership. Analysts have updated Alcoa's (NYSE:AA) ratings and price targets following its Q1 earnings, with mixed views on its stock value.

Portfolio Pulse from austin@walkonholdings.com

April 19, 2024 | 7:51 pm