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DIS

Walt Disney Co (NYSE:DIS) has seen a significant rebound in its stock price, reaching new 52-week highs ahead of a crucial shareholder meeting on April 3, where activist battles, including one led by Nelson Peltz of Trian Partners, will be a focal point. Disney has settled a legal dispute with Florida Gov. Ron DeSantis, potentially removing a negative factor. Analysts have recently upgraded Disney's stock, showing support for current management amidst the activist challenges.

Portfolio Pulse from Chris Katje

March 29, 2024 | 4:00 pm

BTCUSD

MSFT

Hackers have targeted Call of Duty cheaters with malware that steals Bitcoin from their wallets. The cyberattack has compromised over 3.6 million Battlenet, 561,000 Activision, and 117,000 Elite PVPers accounts, affecting both cheaters and legitimate gamers. Activision Blizzard, now a Microsoft subsidiary, is working with cheat code providers to assist impacted users. This incident highlights the increasing trend of cyberattacks within the gaming and cryptocurrency communities.

Portfolio Pulse from Benzinga Neuro

March 29, 2024 | 2:31 pm

KRE

'Rich Dad Poor Dad' author Robert Kiyosaki predicts a financial crisis in the US similar to China's, impacting baby boomers' retirement plans. He attributes the crisis to the collapse of major entities in China and warns of similar issues in the US commercial real estate sector. Kiyosaki advises investing in tangible assets like gold, silver, and Bitcoin over fiat currency or real estate investment trusts (REITs). The SPDR S&P Regional Banking ETF (KRE) is mentioned in relation to the challenges faced by the US banking system, including the exposure of regional banks to commercial real estate.

Portfolio Pulse from Shanthi Rexaline

March 29, 2024 | 12:12 pm

AMKBY

The US government has allocated $60 million in emergency funds to Maryland for the reconstruction of the collapsed Francis Scott Key Bridge in Baltimore, with total costs expected to reach $2 billion. The collapse, caused by a cargo ship operated by Synergy Group and chartered by A. P. Moller Maersk (AMKBY), has led to a potential insurance payout of up to $4 billion. The U.S. Department of Transportation’s Federal Highway Administration approved the funds following a request from Maryland Governor Wes Moore, as President Joe Biden urged for a swift rebuilding process.

Portfolio Pulse from Benzinga Neuro

March 29, 2024 | 6:48 am

TSLA

German Chancellor Olaf Scholz has expressed support for the expansion of Tesla Inc.'s Gigafactory in Berlin, comparing its potential growth to Ford's Cologne plant. Scholz condemned a recent arson attack on the factory, calling it a 'terrorist act' and emphasizing the need for increased security. Tesla aims to expand the Berlin factory's capacity for battery production to 100-gigawatt hours and car production to 1 million units annually, despite protests.

Portfolio Pulse from Anan Ashraf

March 29, 2024 | 6:39 am

DIS

Jeffrey Sonnenfeld, a prominent business analyst, praised Disney's CEO Robert Iger as a 'wizard' amid an ongoing proxy battle with activist investor Nelson Peltz. Sonnenfeld appeared on CNBC's Last Call, contrasting Iger's leadership positively against Peltz, whom he described as a 'failing financier.' The proxy fight has been a focal point of discussion, with opinions on Disney's management and future prospects divided among industry experts.

Portfolio Pulse from Benzinga Neuro

March 29, 2024 | 3:02 am

AAPL

Apple Inc. has filed a lawsuit against former employee Andrew Aude for leaking confidential information about its Vision Pro headset and Journal app to journalists. The lawsuit, filed in California, alleges Aude disclosed details about product development, regulatory strategies, and other sensitive information since joining Apple in 2016. Apple seeks a jury trial, damages, and restrictions on Aude's future disclosures. This case adds to a growing list of legal actions by tech companies against former employees for confidential information theft.

Portfolio Pulse from Ananya Gairola

March 29, 2024 | 2:32 am

MA

V

Visa Inc (NYSE:V) and Mastercard Inc (NYSE:MA) have reached a $30 billion settlement with U.S. merchants, ending two decades of antitrust litigation over swipe fees and merchant restrictions. The settlement includes capping credit interchange rates for five years, offering savings to merchants, and enhancing consumer payment options. Meanwhile, credit card APRs are on the rise, with the average new card offer at 24.66%, despite the Federal Reserve's current stance on rates.

Portfolio Pulse from Surbhi Jain

March 28, 2024 | 7:20 pm

TCNNF

The Florida Supreme Court did not issue a ruling on proposed amendments for cannabis legalization and abortion rights, causing uncertainty ahead of the April 1 deadline. Trulieve Cannabis (OTCQX:TCNNF), criticized by Florida's AG for supporting the cannabis initiative, is involved in the controversy. The outcome could impact the presidential election dynamics.

Portfolio Pulse from Maureen Meehan

March 28, 2024 | 7:04 pm

DIS

Blackwells Capital has initiated a lawsuit against Walt Disney in a Delaware court, aiming to access books and records to investigate potential disclosure violations related to its interactions with the hedge fund ValueAct, according to a court filing.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 6:38 pm