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DIS

Elon Musk escalated his feud with The Walt Disney Company (NYSE:DIS) and CEO Bob Iger, accusing Disney of 'institutional racism and sexism' based on a memo detailing diversity criteria. Musk criticized Disney's diversity initiatives and expressed concerns over the company's market valuation and performance in streaming and theatrical sectors. This controversy follows Musk's previous criticisms of Iger for suspending advertising on X, the platform Musk acquired.

Portfolio Pulse from Ananya Gairola

February 09, 2024 | 3:36 am

META

Taylor Swift's team sent a letter threatening legal action to Jack Sweeney, a student tracking her private jet flights on social media. Sweeney's accounts on Meta Platforms' apps (Threads, Instagram, Facebook) were suspended shortly after. Sweeney believes Swift's team contacted Meta to have his accounts removed. His accounts tracking other celebrities remain active, while those tracking Swift's flights are not findable on Instagram or Threads but still live on X.com with a 24-hour delay in posting.

Portfolio Pulse from Aaron Bry

February 08, 2024 | 10:50 pm

TSLA

Wedbush analyst Daniel Ives suggests three actions for Tesla's board to improve stock sentiment amid negative narratives and a voided 2018 compensation plan. These include creating a new compensation package for Elon Musk, moving Tesla's incorporation from Delaware to Texas, and having shareholders vote on the new plan. This follows a letter from 5,821 shareholders supporting Musk and the board, and proposing a new compensation plan with specific milestones. Tesla shares are currently down 24% YTD in 2024.

Portfolio Pulse from Chris Katje

February 08, 2024 | 10:23 pm

AFIB

Acutus Medical received a notice from Biotronik on February 2, rescinding and terminating their bi-lateral distribution agreements, as reported in an 8-K filing.

Portfolio Pulse from Charles Gross

February 08, 2024 | 9:39 pm

NVDA

Nvidia Corp (NASDAQ:NVDA) faces a supply crisis for its RTX 4090 graphics cards due to high demand and US sanctions on chip exports to China. This has led to price hikes of up to 60% and a surge in demand for Nvidia's H100 chips. The company is also launching the H20 chip for the Chinese market, amidst broader industry concerns over geopolitical tensions and the need for supply chain diversification.

Portfolio Pulse from Anusuya Lahiri

February 08, 2024 | 8:37 pm

GS

Goldman Sachs Inc. (NYSE:GS) is under investigation by the Commodity Futures Trading Commission (CFTC) for its futures trading fees. The probe, initiated by a whistleblower's alert, focuses on the bank's fee structure for futures block trades, including issues like inadequate disclosures and failure to maintain proper records. This investigation follows a history of settlements with the CFTC exceeding $50 million, highlighting Goldman's repeated infractions. Despite this, the market reaction to the news was muted, with Goldman Sachs shares falling only 0.3% for the day.

Portfolio Pulse from Piero Cingari

February 08, 2024 | 8:24 pm

SPY

The U.S. Special Counsel's report concludes that no charges will be filed in the investigation into classified documents associated with President Biden. This development may influence market sentiment and political stability perceptions.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 7:56 pm

DWAC

RUM

The Supreme Court is deliberating on whether Donald Trump can appear on the 2024 Colorado ballot, focusing on the 14th Amendment's insurrection clause. Trump's lawyers argue for his inclusion, while opposition cites the Jan. 6 Capitol attack. The decision could influence other states' ballots. Trump commented on the process, emphasizing his lead in polls. The court's decision is pending, with implications for the primaries. Shares of Digital World Acquisition (DWAC) and Rumble Inc (RUM) may be impacted by the outcome.

Portfolio Pulse from Chris Katje

February 08, 2024 | 7:56 pm

LMT

Rep. Kathy Manning disclosed the purchase of Lockheed Martin Corp (NYSE:LMT) shares before making a statement on holding Iran accountable after a drone attack in Jordan killed three U.S. soldiers. The transactions, potentially made by her spouse, could indicate a conflict of interest as defense stocks like LMT may benefit from increased military action. Manning, a member of the Committee on Foreign Affairs, has made over 700 trades since taking office. Lockheed Martin's stock could rise if the U.S. retaliates against Iran, as indicated by statements from President Biden and Defense Secretary Lloyd Austin.

Portfolio Pulse from Chris Katje

February 08, 2024 | 7:44 pm

GS

The Commodity Futures Trading Commission (CFTC) is investigating Goldman Sachs Group Inc. for potentially improper fees charged on futures trades, following a whistle-blower tip. This probe, which involves subpoenas for information about fees for some futures block trades, adds to the regulatory challenges faced by Goldman.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 6:33 pm