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Legal

GOOG

GOOX

IXP

Several Alphabet Inc. (GOOG) employees were arrested after protesting the company's $1.2 billion cloud contract with Israel. The protests, led by the group No Tech For Apartheid, took place in New York and Sunnyvale, California, involving sit-ins and the occupation of Google Cloud CEO's office. The protesters demand withdrawal from the 'Project Nimbus' contract with Israel. Nine protesters were arrested, and participants face disciplinary actions. Investors can track Alphabet's stock impact through ETFs like GOOX and IXP.

Portfolio Pulse from Lekha Gupta

April 17, 2024 | 6:00 pm

TKO

WWE

Ex-WWE CEO Vince McMahon, after resigning amid allegations of sexual abuse and trafficking by former employee Janel Grant, is living lavishly and staying in touch with notable figures like Donald Trump, John Cena, and Dwayne Johnson. Despite facing a federal criminal investigation, McMahon has not been charged and is cooperating with authorities. WWE, under the new leadership of TKO Group Holdings and transitioning into the Paul Levesque era, is moving forward with significant media rights deals and a more relaxed work environment.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:54 pm

SNAP

Snap shares are trading higher amid reports of the TikTok divest-or-ban bill moving on a fast track through Congress.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:35 pm

FXI

ISRA

House Speaker Mike Johnson is pushing forward with a vote on funding for Ukraine, Israel, and other allies, despite opposition from some Republicans. The plan includes four bills, with one specifically addressing Republican priorities like a TikTok ban or forced sale. Three bills have been posted, with a final vote due Saturday.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:31 pm

ALK

BA

DAL

HA

UAL

Alaska Air Group, Inc. (ALK) is set to report Q1 earnings with analysts expecting a revenue of $2.19 billion and a loss of $1.05 per share. The report will also address safety concerns with Boeing (BA) planes, the impact of a merger with Hawaiian Holdings (HA), and a recent system upgrade issue. Alaska Air previously anticipated a $150 million negative impact from grounding Boeing planes. The merger is under antitrust review, with a lawsuit filed alleging it could harm competition. Delta Air Lines (DAL) and United Airlines Holdings (UAL) reported better-than-expected results, potentially influencing ALK's performance.

Portfolio Pulse from Chris Katje

April 17, 2024 | 5:29 pm

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