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TSLA

Elon Musk supports Marc Andreessen's call for accountability in the tech industry regarding the funding of controversial activist causes. Musk's endorsement on X highlights the need for tech leaders to scrutinize their support for activism that has led to negative outcomes. This stance aligns with Andreessen's criticism of major tech figures and suggests a shared concern for the ethical implications of tech industry funding.

Portfolio Pulse from Benzinga Neuro

March 27, 2024 | 8:28 am

TSLA

Tesla investor Ross Gerber mocked Elon Musk after X, formerly Twitter, lost a lawsuit against CCDH, aimed at silencing the nonprofit's free speech. The lawsuit's dismissal was seen as a defeat for Musk, who has been criticized by Gerber for negatively impacting Tesla's stock with his unfinished projects, including the full self-driving technology. Gerber suggests Tesla needs a new CEO or Musk to refocus on the company.

Portfolio Pulse from Rounak Jain

March 27, 2024 | 8:03 am

Boeing Co's CEO, Dave Calhoun, is set to retire at the end of the year amidst ongoing safety and quality control issues. Despite the company's challenges, Calhoun is expected to leave with a retirement package worth millions, including stock, cash, and options. His tenure has been controversial, with criticism from industry leaders and a substantial payout similar to his predecessor's despite the company's performance issues.

Portfolio Pulse from Benzinga Neuro

March 27, 2024 | 7:05 am

AMZN

GOOG

META

SNAP

Meta Platforms Inc. (META) is accused of using a covert project named 'Project Ghostbusters' to intercept and decode network traffic from Snap Inc.'s Snapchat, as well as Alphabet Inc.'s YouTube and Amazon.com Inc., aiming to gain a competitive edge. The project, initiated in 2016, involved decrypting encrypted app traffic using Onavo, a VPN-like service acquired by Facebook. The revelations are part of a class-action lawsuit against Meta, highlighting ongoing legal challenges including a privacy investigation by the FTC and lawsuits over advertising and data collection practices.

Portfolio Pulse from Ananya Gairola

March 27, 2024 | 3:21 am

CEIX

CSX

NSC

A bridge collapse at the Port of Baltimore is delaying Consol Energy Inc.'s coal exports, impacting operations at its terminal. The collapse, caused by a non-Consol coal-carrying ship, has led to a safety zone establishment by the Coast Guard, affecting vessel access. Consol, deriving 60% of its revenue from exports, is working to minimize impacts. The incident also affects CSX Corp. and Norfolk Southern Corp., with both expecting operational delays. Consol's shares fell nearly 7% following the news.

Portfolio Pulse from Matt Whittaker

March 26, 2024 | 10:07 pm

MSFT

Activision, a subsidiary of Microsoft Corp. (NASDAQ:MSFT), has banned 29,000 players for using 'boosting services' in Call of Duty Warzone. These services allow players to artificially inflate their Skill Rating (SR), a practice that has become increasingly common. Activision's TeamRicochet has conducted multiple ban waves and is exploring technical and legal options to shut down these illicit services. Additionally, Activision launched Call of Duty Warzone Mobile with cross-progression features but without cross-play.

Portfolio Pulse from Franca Quarneti

March 26, 2024 | 9:43 pm

AMD

FEPI

INTC

MSFT

PSI

Micron Technology, Inc's CEO Sanjay Mehrotra met with China's Minister of Commerce to discuss expansion and investment in China, amidst a backdrop of China's push to replace U.S. tech with local innovations. This includes new guidelines targeting U.S. microprocessors and software. Micron, facing a lawsuit from Chinese chipmaker Yangtze Memory Technologies, has seen its stock gain over 101% in the last 12 months. Mizuho analyst Vijay Rakesh has reiterated Micron with a Buy, raising the price target to $130.

Portfolio Pulse from Anusuya Lahiri

March 26, 2024 | 8:59 pm

AMZN

GOOG

GOOGL

META

SNAP

The Federal Trade Commission (FTC) is reportedly investigating TikTok for potentially violating a 2019 agreement aimed at enhancing privacy protections and data security to address allegations of mishandling children's data. This scrutiny comes amid growing concerns over TikTok's data practices and its impact on users' privacy.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:33 pm

FXI

The Biden Administration, through the FTC, is considering legal action against TikTok over privacy and data security concerns, including allegations of misleading users about data access by individuals in China and violating children's privacy laws. This comes amid bipartisan criticism of TikTok's ties to China and national security concerns. The FTC's investigation could lead to a lawsuit or settlement, with potential financial penalties. This situation adds to the ongoing scrutiny TikTok faces globally, including previous settlements and investigations in Europe and Canada.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:32 pm

NVAX

Novavax and Fujifilm have reached a confidential settlement agreement, with Novavax paying Fujifilm $42 million as part of the settlement terms.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:12 pm