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Leaders of the U.S. Senate Intelligence Panel have jointly stated their anticipation for passing a TikTok bill through the Senate and having it signed into law. This development could have implications for major tech companies and the broader market.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 2:49 pm

RUM

Rumble shares are trading higher after the US House passed a bill that could lead to a TikTok ban unless it divests from ByteDance. Rumble's CEO, Chris Pavlovski, expressed readiness to join a consortium to acquire and operate TikTok in the US if ByteDance divests.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 2:48 pm

EWU

The UK government plans to amend laws to prohibit foreign states from owning, influencing, or controlling British newspapers, as reported by Sky News.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 2:47 pm

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The U.S. House of Representatives has passed a bill that mandates TikTok to sever its ties with China or risk being banned in the United States. This move could significantly impact the competitive landscape for U.S. tech companies and the broader market.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 2:43 pm

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NVO

The pharmaceutical industry is facing a 50% increase in crime due to a surge in counterfeit weight-loss drugs, notably Novo Nordisk's Ozempic and Wegovy, and Eli Lilly's products. Criminals are exploiting supply shortages and high demand, fueled by social media and Hollywood. Both companies are taking significant steps to combat this issue, with Novo Nordisk working with authorities and employing third-party monitors, and Eli Lilly taking legal action against entities selling fraudulent products.

Portfolio Pulse from Vandana Singh

March 13, 2024 | 2:31 pm

SNAP

Snap shares are experiencing an uptick following a US House vote on legislation that mandates TikTok to separate from its parent company ByteDance or risk being banned in the US.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 2:19 pm

AAPL

Apple Inc. (NASDAQ:AAPL) is advancing its technology with a revised patent for 'Camera Systems For Bendable Electronic Devices', focusing on integrating multiple cameras into flexible devices to enable 3D or panoramic imaging by bending the device. This innovation could extend to phones, wearables, and laptops, showcasing Apple's ongoing research in enhancing device functionality and user experience.

Portfolio Pulse from Rounak Jain

March 13, 2024 | 1:38 pm

DIS

Jamie Dimon has publicly endorsed Disney CEO Bob Iger in the ongoing proxy fight with Nelson Peltz's Trian Partners. This high-profile support could influence the outcome of the dispute, highlighting the significance of leadership and strategic direction in major corporations.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:23 pm

TTE

TotalEnergies SE (NYSE:TTE) is being sued by Belgian farmer Hugues Falys for climate change-related damages to his farm and for an order to halt new fossil fuel projects. This landmark case, filed in the Tournai commercial court, marks the first climate change lawsuit against a multinational in Belgium. Falys claims TotalEnergies' CO2 emissions have significantly impacted his farming operations from 2016-2022, leading to reduced yields and herd size. The lawsuit also involves thousands of citizens and seeks to force TotalEnergies to adjust its business model.

Portfolio Pulse from Lekha Gupta

March 13, 2024 | 1:19 pm

EAF

GrafTech International Ltd. (NYSE:EAF) responded to Nilesh Undavia's open letter announcing his intent to nominate himself for election to GrafTech's Board of Directors at the 2024 Annual Meeting. GrafTech highlighted its Board's qualifications and commitment to strong governance, and plans to file preliminary materials for the Annual Meeting with the SEC soon.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:16 pm