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SPY

President Biden announced plans to issue an executive order to limit asylum-seekers at the southern border, using Section 212(f) of the Immigration and Nationality Act. This move, aimed at addressing rising voter anger over border issues, does not require congressional approval. The decision is controversial, with internal debates about its legality and political implications.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:21 pm

PHG

Philips shares are trading higher following the announcement that its subsidiaries, Philips Holding USA and Philips Respironics, have reached a final agreement on the consent decree with the DOJ and FDA.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 11:05 am

F

Ford is set to recall 42,652 vehicles due to a risk that a cracked fuel injector may leak and potentially cause a fire, as reported by Reuters and citing the National Highway Traffic Safety Administration (NHTSA).

Portfolio Pulse from Charles Gross

April 10, 2024 | 9:34 am

GOOG

GOOGL

Google has clarified that personal Google Docs are not used for AI training, addressing concerns that arose from a report suggesting otherwise. This clarification comes amid controversies around AI training data sources, including accusations against OpenAI by Elon Musk and policy violations by using YouTube content. Google's stance on privacy and data usage for AI training is significant, especially considering its recent $60 million deal with Reddit to enhance AI capabilities.

Portfolio Pulse from Ananya Gairola

April 10, 2024 | 9:09 am

BTCUSD

TSLA

Elon Musk admitted in a deposition to using a secret account on X (formerly Twitter) to impersonate his toddler son. The account, @ErmnMusk, was used to interact with notable figures like Michael Saylor and Brian Chesky. Musk's activities on X, including this incident, have raised concerns about his influence on the platform's financial stability and user experience. The account was deleted following a court discovery order but remains visible on internet archives.

Portfolio Pulse from Ananya Gairola

April 10, 2024 | 8:38 am

PHG

Philips and its subsidiaries, Philips Holding USA and Philips Respironics, have finalized a consent decree with the DOJ and FDA, focusing on Philips Respironics' operations in the US. This agreement provides a clear path for compliance and business restoration. The financial outlook for 2023-2025 remains unchanged, taking this decree into account.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 7:26 am

BA

American Airlines pilot and Allied Pilots Association spokesperson, Capt. Dennis Tajer, criticized Boeing Co.'s 787 aircraft assembly quality, calling it a 'mess' and raising safety concerns. This criticism comes amid increased scrutiny over Boeing's manufacturing practices, with a Senate subcommittee set to investigate. Boeing's stock dropped 1.89% following these allegations, and the company faces challenges with a recent drop in first-quarter deliveries for 2024.

Portfolio Pulse from Benzinga Neuro

April 10, 2024 | 6:36 am

BA

The Boeing Company (NYSE:BA) faces new scrutiny as a Senate subcommittee prepares to investigate safety allegations regarding the 787 Dreamliner, following claims by whistleblower engineer Sam Salehpour about potential structural integrity issues due to improperly assembled parts. This comes amid broader concerns over Boeing's safety culture and follows a series of incidents involving Boeing aircraft, including a recent 737 MAX incident and a 737-800 losing an engine cover. The investigation could impact Boeing's reputation and stock performance.

Portfolio Pulse from Benzinga Neuro

April 10, 2024 | 2:55 am

DJT

Co-founders of Trump Media & Technology Group Corp (NASDAQ:DJT), Andy Litinsky and Wes Moss, are suing Donald Trump over share lockup terms, aiming to sell their shares sooner. They accuse Trump of using the lockup to retaliate against them for a previous lawsuit regarding their stake dilution. The legal battle comes as Trump, owning 60% of TMTG, faces financial pressures from a $454 million judgment. DJT shares have dropped over 22% in the past week and over 50% from post-IPO highs.

Portfolio Pulse from Chris Katje

April 09, 2024 | 9:41 pm

BA

EADSF

EADSY

LMT

Boeing Co (NYSE:BA) faces challenges as Q1 deliveries drop to 97 planes, causing the stock to fall by 1.87% and over 30% YTD. Issues include a mid-air incident, CEO compensation concerns, and production slowdowns. Technical analysis shows a bearish trend, and Boeing's valuation is high compared to Airbus (OTCPK:EADSF, OTCPK:EADSY) and Lockheed Martin (NYSE:LMT).

Portfolio Pulse from Surbhi Jain

April 09, 2024 | 7:10 pm