Streetbeat News

Legal

DWAC

SPY

A judge has ruled that Fulton County DA Fani Willis's case against Donald Trump can proceed if either she or special prosecutor Wade steps aside. This decision is part of the ongoing legal challenges facing Trump.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 1:17 pm

SCLX

Scilex Pharmaceuticals Inc. has entered into a definitive mutual release and settlement agreement with Virpax Pharmaceuticals, Inc. This agreement relates to a previously announced term sheet concerning the release and settlement between the two companies.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 1:04 pm

ASIA

BABA

META

QLVE

Alibaba Group Holding Limited (NYSE:BABA) is under investigation by the European Commission for not adequately preventing the spread of illegal products and content on its AliExpress platform. The probe, focusing on consumer safety and adherence to the Digital Services Act, could impact Alibaba's operations and reputation in the EU. The company has expressed its commitment to regulatory compliance. This comes amid broader regulatory scrutiny, including a recent fine for monopolistic practices in China and ongoing antitrust probes involving U.S. Big Tech companies like Meta Platforms Inc (NASDAQ:META). Investors can access Alibaba through ETFs like Matthews Pacific Tiger Active ETF (NYSE:ASIA) and FlexShares Emerging Markets Quality Low Volatility Index Fund (NYSE:QLVE).

Portfolio Pulse from Anusuya Lahiri

March 15, 2024 | 12:57 pm

AAL

ALK

JETS

LUV

A LATAM flight's nosedive, initially feared to be a Boeing 787 Dreamliner malfunction, was likely caused by a cockpit seat mishap. A flight attendant accidentally activated a switch, pushing the pilot into the controls. Boeing, already under scrutiny for a separate incident with an Alaska Airlines Boeing 737 Max 9, saw its shares drop 30% since the year's start. Airline stocks, including Southwest Airlines and American Airlines, have also suffered, with the U.S. Global Jets ETF experiencing a decline.

Portfolio Pulse from Neil Dennis

March 15, 2024 | 12:46 pm

AAPL

Apple has agreed to a $490 million settlement with shareholders over allegations related to the company's comments about iPhone sales in China, according to settlement papers.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 12:23 pm

TSLA

Venture capitalist Paul Graham and billionaire Mark Cuban support the TikTok ban, citing China's Ministry of Foreign Affairs's opposition as evidence for the bill's necessity. TikTok CEO Shou Zi Chew warns of significant economic impacts, including job losses. The bill, passed by the U.S. House and headed to the Senate, could force ByteDance to sell TikTok or face a U.S. ban, affecting 150 million American users. Elon Musk expressed concerns over internet censorship.

Portfolio Pulse from Rounak Jain

March 15, 2024 | 12:19 pm

GOOG

GOOGL

MSFT

OpenAI's Sora, a video-generating AI model, is still in the early testing phase and not ready for consumer release, according to lead engineers at the Berkeley AI Research Lab. Despite its impressive capabilities, challenges such as handling edge cases and potential misuse remain. Microsoft Corp. (NASDAQ:MSFT) backs OpenAI, while Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) faces similar issues with its Google Gemini.

Portfolio Pulse from Rounak Jain

March 15, 2024 | 10:18 am

META

Deepwater Asset Management's Doug Clinton and Gene Munster discussed the potential outcomes of the TikTok ban in the U.S., with differing views on whether a sale is the most likely outcome. The House of Representatives passed a bill that could force TikTok's sale or face a ban, now headed to the Senate. Former President Donald Trump opposed the ban, citing benefits to Meta Platforms Inc (META). President Joe Biden is ready to sign the bill.

Portfolio Pulse from Ananya Gairola

March 15, 2024 | 9:20 am

Boeing Co (NYSE:BA) CEO Dave Calhoun faces scrutiny amid a series of crises, including mid-flight emergencies and business setbacks, leading to a significant drop in the company's stock value. Despite these challenges, Calhoun's compensation was increased in 2022. The crises have raised questions about Calhoun's leadership and Boeing's future.

Portfolio Pulse from Benzinga Neuro

March 15, 2024 | 8:20 am

GOOG

GOOGL

Several top websites, including The New York Times, CNN, BBC, Yelp, and Business Insider, have started using the Google-Extended tool to block Alphabet Inc.'s Google (GOOGL) (GOOG) from using their content to train AI models. This move, affecting about 10% of the top 1,000 websites, is seen as a response to the potential threat AI models pose to traditional web traffic distribution. The adoption of Google-Extended is lower compared to other AI training data blockers, with concerns about being excluded from AI-generated results.

Portfolio Pulse from Ananya Gairola

March 15, 2024 | 7:38 am