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MSFT

The Cyber Safety Review Board found Microsoft Corporation (NASDAQ:MSFT) had security lapses leading to a 2023 cyberattack by a China-linked group, Storm-0558. The attack exploited vulnerabilities in Microsoft's cloud security and information security culture, compromising US officials' accounts and nearly 60,000 emails from the US State Department.

Portfolio Pulse from Benzinga Neuro

April 03, 2024 | 6:03 am

AAPL

Apple Inc. is alleged to have blocked Jon Stewart from interviewing FTC Chair Lina Khan on his podcast amid antitrust investigations into Apple's business practices. This incident highlights the tension between tech giants and regulatory bodies, with Apple defending its business strategies against a lawsuit accusing it of monopolizing the smartphone market.

Portfolio Pulse from Benzinga Neuro

April 03, 2024 | 3:01 am

TSLA

Elon Musk's social media network X is experiencing a significant increase in pornographic content, causing user discomfort. A Bloomberg report links this surge to reduced content moderation under Musk's ownership. X is exploring monetization of adult content despite risks, including potential criminal activities. Concerns about protecting minors from explicit material have been raised, with reports of teenagers as young as 12 being exposed. The situation is exacerbated by the proliferation of porn spambots, posing challenges for user and advertiser retention.

Portfolio Pulse from Benzinga Neuro

April 03, 2024 | 1:56 am

DJT

Former U.S. President Donald Trump has filed a lawsuit against Andy Litinsky and Wes Moss, co-founders of Trump Media & Technology Group (NASDAQ:DJT), alleging they failed to fulfill their obligations, impacting the company's governance and merger efforts. This legal action comes as Trump Media's shares fell 21% following a reported $58 million loss and minimal revenue for 2023. Despite these challenges, Trump's stake in the company, valued at $4.06 billion, has increased his net worth, with the company's market capitalization at $7.13 billion.

Portfolio Pulse from Benzinga Neuro

April 03, 2024 | 1:26 am

UWMC

UWM Holdings has issued a response to a short report by Hunterbrook, criticizing the hedge fund for sensationalizing public information to manipulate the stock market for its own gain. UWM Holdings refutes the claims made in the report, suggesting that Hunterbrook's actions are self-serving.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 9:31 pm

CALM

Cal-Maine Foods, Inc. (NASDAQ:CALM) reported Q3 earnings of $3.00 per share, surpassing estimates of $2.46, and sales of $703.08 million, beating estimates of $692.35 million but marking a 29.52% decrease from the previous year. The company faced a setback with a facility in Texas testing positive for avian influenza, affecting about 3.6% of its total flock. Despite this, the company managed to achieve record sales volumes, attributed to strong demand and higher market prices due to supply constraints from avian influenza outbreaks.

Portfolio Pulse from Erica Kollmann

April 02, 2024 | 8:50 pm

ON

ON Semiconductor Corporation (NASDAQ:ON), known as onsemi, has advised its stockholders to reject an unsolicited mini-tender offer from TRC Capital Investment Corporation for up to 1.5 million shares at $70.75 each, which is below the market value. The offer price is approximately 4.4% lower than onsemi's closing share price on March 19, 2024. onsemi has emphasized that it is not affiliated with TRC Capital Investment and has cautioned its investors to consult with their financial advisors and exercise caution. The offer, representing about 0.35% of onsemi's outstanding shares, is set to expire on April 19, 2024, but may be extended by TRC Capital Investment.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:16 pm

CALM

Cal-Maine Foods, Inc. (NASDAQ:CALM) reported a positive test for avian influenza at its Texas facility, leading to the depopulation of about 1.6 million laying hens and 337,000 pullets, or 3.6% of its total flock. The company has temporarily halted production at the affected facility and is working to minimize customer disruption by securing production from other facilities. Cal-Maine Foods is committed to maintaining robust biosecurity programs, despite the ongoing risk of HPAI in the wild bird population. The human health risk from HPAI is considered low, and there is no risk associated with properly handled and cooked eggs. Cal-Maine Foods will provide updates in its next quarterly report and does not anticipate interim updates unless the situation materially changes.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:14 pm

VIEW

View, Inc. (NASDAQ:VIEW) announced an agreement with Cantor Fitzgerald and RXR Realty for a financial restructuring to become a private company. This involves commencing prepackaged Chapter 11 cases, with the expectation of court approval within 45 days from April 2, 2024. The restructuring will cancel existing senior secured term loans and unsecured convertible notes, with holders receiving equity in the reorganized company. The process is supported by a Restructuring Support Agreement, representing a significant portion of the company's noteholders and term lenders. View expects its operations to continue normally during this period.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:08 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) reported a decline in Q1 deliveries to 386,810 vehicles from 422,875 a year earlier, with production also dropping. The company cited production challenges, the Red Sea conflict, and an arson attack at Gigafactory Berlin as reasons. Tesla's stock has fallen 14.52% over the past year and 33% year-to-date, with technical indicators showing bearish signals. The stock is trading below key moving averages, and indicators like MACD and Bollinger Bands suggest a bearish outlook, despite the RSI indicating oversold conditions.

Portfolio Pulse from Surbhi Jain

April 02, 2024 | 7:23 pm