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EQIX

Equinix announced an independent investigation by its audit committee into allegations from a recent short seller report and disclosed receiving a subpoena from the U.S. Attorney's Office for the Northern District of California. The company intends to fully cooperate and emphasized its commitment to financial transparency and integrity, expressing confidence in its business value and relevance amid digital transformations.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:17 pm

AAPL

ADBE

AMZN

GOOG

GOOGL

IRBT

IVW

META

MSFT

QQQ

The EU has launched antitrust investigations into Apple, Meta, and Alphabet under the Digital Markets Act, focusing on practices that may hinder competition. This includes Apple's integration restrictions, Google's search result displays, and Meta's ad policies. Microsoft, Amazon, and Adobe are also mentioned in relation to previous antitrust issues and significant financial deals. The investigations aim to ensure fair competition and consumer choice in the tech sector.

Portfolio Pulse from Anusuya Lahiri

March 25, 2024 | 12:08 pm

AAPL

GOOG

GOOGL

META

The European Union has initiated investigations into Apple, Meta, and Google under a new digital competition law, focusing on their dominant market positions and practices, particularly in relation to app stores.

Portfolio Pulse from Charles Gross

March 25, 2024 | 10:16 am

CGC

ESPR

FRGE

MASI

Esperion Therapeutics received FDA approval for new labels on NEXLETOL and NEXLIZET, boosting its shares by 12.7% in pre-market trading. Other stocks like Forge Global Holdings, Canopy Growth, Masimo Corporation, Cronos Group, Nuvation Bio, Tilray Brands, WK Kellogg, GoodRx Holdings, and Century Aluminum also saw pre-market gains due to various factors including legislative changes, business restructuring, and analyst upgrades.

Portfolio Pulse from Avi Kapoor

March 25, 2024 | 9:34 am

MASI

The Wall Street Journal reported that activist investor Politan is planning to nominate two directors to the board of Masimo, according to sources. This move marks Politan's second proxy battle with the medical technology company.

Portfolio Pulse from Charles Gross

March 25, 2024 | 8:44 am

TSLA

The Biden administration has recommended the U.S. Supreme Court to dismiss Elon Musk's appeal against the SEC regarding his 2018 tweet about taking Tesla private. The administration supports the SEC's settlement terms, which include a fine and a review of Musk's tweets by a Tesla lawyer, to prevent misleading statements. This development follows Musk's ongoing legal battles with the SEC, including a recent order for him to testify in an investigation into his Twitter takeover.

Portfolio Pulse from Anan Ashraf

March 25, 2024 | 2:39 am

DWAC

Jeff Yass' firm, Susquehanna International Group, was revealed as the largest institutional shareholder in Digital World Acquisition Corp. (NASDAQ:DWAC), which merged with Trump Media & Technology Group. Susquehanna, a market maker, claims to have zero economic interest in Trump Media, balancing its long position with equivalent short positions. Amidst Trump's financial challenges, including significant legal bills and a potential property 'fire sale', concerns are raised about the implications of his financial decisions on his assets and associated companies.

Portfolio Pulse from Benzinga Neuro

March 25, 2024 | 1:38 am

DWAC

Rep. Alexandria Ocasio-Cortez expressed concerns over the risk of not seizing Donald Trump's assets amid his New York fraud case, highlighting potential political corruption and interesting transactions with Truth Social. Trump faces a $454 million judgment and is expected to post a bond or risk asset seizure. Despite claims of insufficient cash, Trump stated he had nearly $500 million. Trump Media & Technology Group, parent of Truth Social, is set to trade under DJT on NASDAQ after a merger with Digital World Acquisition Corp. (NASDAQ:DWAC).

Portfolio Pulse from Benzinga Neuro

March 25, 2024 | 1:20 am

DWAC

Former President Donald Trump is considering selling his stock in Digital World Acquisition Corp. (NASDAQ:DWAC) to pay over $450 million in legal bills. DWAC's stock plummeted nearly 14% after news of a merger to take Truth Social's parent company, Trump Media & Technology Group (TMTG), public. Trump, holding a 58% stake in TMTG, faces restrictions on selling his shares for six months, though this may change with the new board, including his son. TMTG's co-founders are suing Trump, adding to the company's challenges as it prepares to trade under the ticker DJT.

Portfolio Pulse from Bibhu Pattnaik

March 24, 2024 | 1:46 pm

TSLA

This week in politics and business saw significant events including Stephanie Grisham's prediction on Trump's reaction to potential property seizures by Letitia James, Mark Cuban's support for Joe Biden, Elon Musk's critique of Jimmy Kimmel, Musk's disapproval of a fine against Trump, and Jared Kushner's $500M Serbian real estate venture. Notably, Elon Musk took a stand against Jimmy Kimmel's humor and voiced his disapproval of a fine imposed on Donald Trump.

Portfolio Pulse from Benzinga Neuro

March 24, 2024 | 7:48 am