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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

BTCUSD

Pavel Durov, co-founder of Telegram, revealed holding 'a few hundred million dollars' in Bitcoin and fiat, emphasizing the importance of secure communication tools amid increasing government surveillance. Durov highlighted the challenges faced by privacy-focused services, including attempts by the FBI to infiltrate Telegram. He advocates for the UAE as a base for such enterprises due to its geopolitical neutrality and discussed the financial independence of his company from venture capital. The context includes warnings about expanded NSA surveillance capabilities.

Portfolio Pulse from Murtuza Merchant

April 17, 2024 | 2:56 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) faces a challenging shareholder meeting on June 13, with issues such as demand challenges in China, global EV demand weakness, and a Delaware court nullifying Musk's $56 billion award. Analyst Daniel Ives from Wedbush expects fireworks due to Tesla's stock performance and strategic missteps. Ives maintains an Outperform rating and $300 price target for Tesla, highlighting the importance of Musk's future strategies, including the Model 2's fate and AI initiatives.

Portfolio Pulse from Shanthi Rexaline

April 17, 2024 | 2:43 pm

USDCUSD

U.S. Senators Cynthia Lummis and Kirsten Gillibrand introduced a new stablecoin bill aiming to define the operation of digital tokens within the U.S. financial system. The bill mandates stricter requirements for stablecoin issuers, including maintaining one-to-one dollar reserves and not classifying the asset as a security. It aims to preserve the U.S. dollar's dominance and integrate consumer protections by banning algorithmically managed stablecoins. The legislation sets a $10 billion cap on stablecoin issuance for non-depository trusts, affecting large issuers like Circle, which exceeds this limit with $33 billion in USDC in circulation.

Portfolio Pulse from Murtuza Merchant

April 17, 2024 | 2:40 pm

BA

U.S. Senate Commerce Committee Chair Cantwell stated that she expects Boeing to submit a serious plan in response to an FAA deadline, as discussed in a recent hearing.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:13 pm

NVO

Traders are closely monitoring Novo Nordisk following a Bloomberg report that U.S. Senators are seeking answers from the company regarding its Levemir drug. This inquiry could have implications for the company's operations and regulatory scrutiny.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 1:58 pm