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AAPL

GOOG

GOOGL

NVDA

Apple Inc. is contending with a DOJ antitrust lawsuit, which it claims threatens its innovation. A 2022 conversation involving CEO Tim Cook has been highlighted in the lawsuit regarding iPhone messaging improvements. Apple is also exploring AI advancements, including a potential partnership with Alphabet Inc. to integrate Google's Gemini AI into iPhone software, and has unveiled a new multimodal AI. Additionally, Nvidia Corp. has developed a software framework to enhance Apple Vision Pro's displays.

Portfolio Pulse from Benzinga Neuro

March 24, 2024 | 7:00 am

AAPL

Apple Inc. (NASDAQ:AAPL) is facing a legal battle with the Department of Justice over alleged anti-competitive practices in its App Store. The outcome could allow iPhone users to download apps from third-party stores, potentially fostering competition and impacting Apple's bottom line. Critics argue Apple's control over the App Store stifles competition and innovation, while Apple defends its policies as necessary for security and quality. The case could lead to significant changes in app distribution and user experience on Apple devices.

Portfolio Pulse from Bibhu Pattnaik

March 23, 2024 | 9:25 pm

INTC

NVDA

TSLA

TSM

Benzinga's analysis highlights market optimism due to the Federal Reserve's interest rate stance and features bullish and bearish perspectives on stocks like Tesla, Nvidia, and companies like Taiwan Semiconductor and Intel. It also notes a surge in Shiba Inu interest and critiques on Bitcoin's promotion and future.

Portfolio Pulse from Michael Cohen

March 23, 2024 | 8:12 pm

BNGE

DIS

Walt Disney Company (NYSE:DIS) has responded to activist investor Nelson Peltz's criticism of its focus on diversity in films, stating his views make him unfit for Disney's board. Peltz, in a battle for board seats via his Trian Partners fund, criticized Disney's emphasis on films with female and Black leads, specifically mentioning 'The Marvels' and 'Black Panther'. Disney defended its creative direction, highlighting the success of Marvel Studios. The dispute comes as Disney's annual meeting approaches, with Peltz seeking board seats. Disney stock has risen over 20% in the past year, with exposure available through ETFs like AdvisorShares Gerber Kawasaki ETF (NYSE:GK) and First Trust S-Network Streaming And Gaming ETF (NYSE:BNGE).

Portfolio Pulse from Nabaparna Bhattacharya

March 23, 2024 | 5:46 pm

ALB

BHP

FPOCF

TECK

VALE

At the Prospectors & Developers Association of Canada meeting, mining executives highlighted a 'trust deficit' with the public despite the industry's crucial role in producing metals for the energy transition. Challenges include long permitting times, labor shortages, and cost inflation. Teck Resources Ltd.'s CEO emphasized the need for the mining sector to regain trust by protecting and restoring nature. BHP Group Ltd. and Vale SA discussed the importance of community engagement and ethical sourcing. The industry's value in decarbonization and the need for better promotion were also noted.

Portfolio Pulse from Matt Whittaker

March 23, 2024 | 3:41 pm

SOLUSD

Book of Meme (BOME), a meme coin in the Solana ecosystem, has seen a dramatic increase in price, soaring over 22,000% in just 10 days. Factors contributing to this surge include a rise in open interest among derivatives traders, a notable short squeeze, and increased derivatives volume. Binance is investigating potential insider trading related to BOME, and the crypto community is anticipating the debut of Book of Meme 2.0 (BOME2) on LBank.

Portfolio Pulse from Bibhu Pattnaik

March 23, 2024 | 2:16 pm

FSR

GOEV

KARS

TSLA

This week, Tesla faced challenges in China, Ford planned a reentry into India's EV market, and Canoo aimed to improve profitability. Tesla's production cut in China and SEC probe concerns, along with Ford's strategy to leverage India's new EV policy, and Canoo's designation as a Foreign Trade Zone were key events. Fisker sought financing to avoid bankruptcy, and BYD expanded into Greece. The KraneShares Electric Vehicles ETF saw a decline, reflecting broader EV stock underperformance despite Tesla's slight gain.

Portfolio Pulse from Shanthi Rexaline

March 23, 2024 | 1:12 pm

AAPL

Apple Inc. CEO Tim Cook's recent visit to China aimed to reassure the Chinese government of Apple's commitment amidst declining sales in the region. Gene Munster of Deepwater Asset Management highlighted the visit's significance, noting it was more crucial than the DOJ's antitrust lawsuit against Apple. Munster pointed out a 13% drop in China revenue in December and a 24% decrease in iPhone sales in the first half of the March quarter. He speculated the visit aimed to prevent potential fallout from a TikTok ban or forced sale, rather than being a mere PR stunt to boost sales. Munster predicts a decrease in China's share of Apple's sales from 17% in 2023 to 15%, with India and the West compensating for the decline.

Portfolio Pulse from Rounak Jain

March 23, 2024 | 6:38 am

DWAC

Former President Donald Trump is set to gain $3 billion from the merger of Truth Social with Digital World Acquisition Corp. (NASDAQ:DWAC), making DWAC a 'meme stock on steroids,' according to CNBC's Herb Greenberg. The merger, approved by DWAC's majority shareholders, grants Trump a 58% stake in the new entity. Greenberg criticizes the stock's meme status and political undertones, suggesting only meme stock enthusiasts are investing. Additionally, DWAC's connection to China-based ARC Group, holding a 7.8% stake, is highlighted amidst regulatory challenges and Trump's legal financial needs.

Portfolio Pulse from Rounak Jain

March 23, 2024 | 4:00 am

BNIX

Bannix Acquisition Corp (BNIX) and Tokenize are in ongoing discussions regarding a potential acquisition of certain Tokenize assets. They have mutually agreed to terminate the Patent Purchase Agreement (PPA) as it was contingent on BNIX's acquisition of Evie Autonomous Group Ltd, which did not close, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 8:38 pm