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ATGE

BHC

Fahmi Quadir, known as 'The Assassin' for her successful short-selling strategies, targets Adtalem Global Education Inc. (NYSE:ATGE) in a new report, causing its shares to drop by as much as 23%. Quadir criticizes Adtalem for its reliance on federal tax dollars, calling it 'uninvestable.' Adtalem, previously known as DeVry University, has faced controversy before, including a significant student debt waiver for its graduates by the Biden administration. Adtalem's management refutes Quadir's claims, emphasizing their positive student outcomes and relationships with creditors and regulators.

Portfolio Pulse from Caleb Naysmith

February 08, 2024 | 1:59 pm

AAPL

DIS

IBM

Elon Musk criticized The Walt Disney Co. (NYSE:DIS) for its diversity policies, calling it a 'DEI gestapo' and attributing the decline in Disney's content quality to these policies. Musk's critique extends to other companies like Apple Inc. (NASDAQ:AAPL) and IBM (NYSE:IBM) for pulling ads from his platform X due to his controversial posts. This is part of an ongoing dispute with Disney, highlighted by a lawsuit filed by Gina Carano against Disney and Lucasfilm.

Portfolio Pulse from Rounak Jain

February 08, 2024 | 1:40 pm

BTCUSD

Investors have sued the NBA and Mark Cuban over losses of $4.2 billion linked to the collapse of Voyager Digital Holdings Inc., accusing them of gross negligence and promoting an unregistered and unsustainable fraud. The lawsuit also implicates the NBA in promoting unregistered securities through its partnership with Voyager. This follows legal actions against founders of cryptocurrency companies like FTX and Voyager, with significant legal and financial repercussions.

Portfolio Pulse from Mehab Qureshi

February 08, 2024 | 12:52 pm

AAPL

AMZN

EWP

Spain's High Court has temporarily suspended the imposition of $209 million in fines on Apple and Amazon. This decision comes as the companies appeal against the fines, which were initially levied for alleged anti-competitive practices. The suspension of the fines is pending the outcome of the appeal process.

Portfolio Pulse from Charles Gross

February 08, 2024 | 9:49 am

AAPL

Apple Inc. (NASDAQ:AAPL) reportedly thanked Noah Roskin-Frazee, a man charged with defrauding the company of $2.5 million in gift cards and products, in a security update. The reason behind this acknowledgment is unclear. Roskin-Frazee, a security researcher, was indicted for fraud and damaging a protected computer by using a password reset function to alter orders and resell items. This incident follows previous cases of fraud involving Apple employees.

Portfolio Pulse from Benzinga Neuro

February 08, 2024 | 8:10 am

AAPL

A lawsuit accusing Apple Inc. (NASDAQ:AAPL) of overpaying CEO Tim Cook and other executives was dismissed by a federal judge. The lawsuit, filed by a pension fund affiliated with the International Brotherhood of Teamsters, claimed Apple overpaid due to a miscalculation in performance-based stock awards. The judge found Apple had accurately disclosed its pay methods and found no evidence of misconduct.

Portfolio Pulse from Ananya Gairola

February 08, 2024 | 6:47 am

LCID

TSLA

Elon Musk expressed frustration over Lucid Group CEO Peter Rawlinson's $379 million compensation in 2022, especially as Musk's own $56 billion pay package was invalidated by Delaware's Court of Chancery. Despite Lucid's stock dropping about 70.7% over the past year, Rawlinson's compensation starkly contrasts with the performance-based equity compensation plan Musk was under, which was dismissed by a judge as an 'unfathomable sum.'

Portfolio Pulse from Anan Ashraf

February 08, 2024 | 6:07 am

AAPL

SFTBY

WEWKQ

Adam Neumann, founder and former CEO of WeWork Inc (OTC:WEWKQ), has hired Tesla attorney Alex Spiro as he attempts to buy back the bankrupt office space company, WeWork. Spiro, known for his work with Elon Musk, has been advising Neumann since late 2023. WeWork, once valued at $47 billion, faced a decline due to the Covid-19 pandemic, costly leases, and high debt, leading to its bankruptcy. Neumann, with investors including Third Point hedge fund, aims to reacquire the company amidst its financial restructuring. Softbank Group Corp (OTC:SFTBY), as WeWork's largest shareholder, plays a significant role in the bankruptcy and potential buyout. Additionally, WeWork's story has been featured in a documentary and an Apple Inc (NASDAQ:AAPL) series.

Portfolio Pulse from Chris Katje

February 07, 2024 | 9:56 pm

DIS

Disney CEO Bob Iger announced that he has no plans to engage in discussions with activist investor Nelson Peltz, who has been seeking a seat on Disney's board. This statement could indicate a potential standoff between Disney's management and Peltz, possibly affecting the company's strategic decisions and investor relations.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:27 pm

SPY

The U.S. Senate has blocked a bipartisan bill that sought to combine border measures with foreign aid. The decision could have implications for U.S. domestic and foreign policy, as well as potential economic impacts.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 8:03 pm