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DWAC

SPY

A federal appeals court ruled that former President Donald Trump does not have presidential immunity from prosecution on criminal charges related to his efforts to overturn his 2020 election loss. Trump is charged with conspiracy to defraud the United States and to obstruct an official proceeding, pleading not guilty. The case, prosecuted by special counsel Jack Smith, has been delayed as Trump's defense argued for immunity, a claim rejected by both the district and appeals courts. Trump is expected to appeal to the Supreme Court.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 3:07 pm

DNB

Jehoshaphat Research has published a report questioning the financial integrity of Dun & Bradstreet, titled 'What Are Dun & Bradstreet's Real Numbers?'. The report likely scrutinizes the company's financial reporting and raises concerns about the accuracy of its disclosed financial information.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 2:46 pm

WEWKQ

Adam Neumann, the former CEO and founder of WeWork Inc. (OTCPK: WEWKQ), is attempting to repurchase the company with support from Dan Loeb's Third Point amid its bankruptcy proceedings. WeWork, once valued at $50 billion, now may be worth as low as $500 million. Neumann and Third Point have been seeking information from WeWork since December to formulate a comprehensive offer, focusing on a bankruptcy financing package. The company's financial troubles are attributed to its business model and management issues, with its debt standing at approximately $4 billion.

Portfolio Pulse from Piero Cingari

February 06, 2024 | 2:40 pm

WEWKQ

Adam Neumann, former CEO and founder of WeWork Inc. (OTCPK: WEWKQ), is attempting to acquire the company, now in bankruptcy, with backing from Third Point. Neumann, who left the company in 2019 with a substantial exit package, is collaborating with investors to craft a bid for WeWork, either in whole or for significant assets. The company, once valued at $50 billion, is now estimated to be worth as low as $500 million. WeWork's financial difficulties are attributed to its business model and management issues. The bankruptcy process has been focused on a restructuring plan favoring senior creditors, with SoftBank being a major creditor.

Portfolio Pulse from Piero Cingari

February 06, 2024 | 2:28 pm

DELL

INTC

LNVGF

Lenovo's shares plummeted nearly 10% following a Newsweek article citing China Tech Threat's advice to ban Lenovo PCs in the U.S. due to espionage risks. This has raised concerns about Lenovo's future in its largest market, North America, which accounts for 36% of its revenue. Additionally, Intel's lower-than-expected revenue forecast has sparked fears of a PC demand slowdown, potentially impacting Lenovo. There's speculation that Dell, a major rival and financial backer of China Tech Threat, might be influencing these developments to harm Lenovo.

Portfolio Pulse from The Bamboo Works

February 06, 2024 | 2:03 pm

DELL

INTC

LNVGF

Lenovo's shares plummeted nearly 10% following a Newsweek article citing China Tech Threat's advice to ban Lenovo PCs in the U.S. due to espionage risks. This has raised concerns about Lenovo's future in its significant North American market, which represents 36% of its revenue. Additionally, Intel's lower-than-expected revenue forecast has sparked fears of a PC demand slowdown, potentially impacting Lenovo. Meanwhile, speculation exists that Dell, a major rival and financial backer of China Tech Threat, might be influencing these developments to harm Lenovo.

Portfolio Pulse from The Bamboo Works

February 06, 2024 | 2:01 pm

RIVN

TSLA

UBS

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin remain strong despite market volatility due to rate anxiety. GM recalls over 300,000 trucks for tailgate issues. Janet Yellen highlights crypto risks, urging legislative action. Symbotic reports weak sales, affecting pre-market session. Deutsche Bank retracts US recession forecast. Arm Holdings and Palantir show strong performance, while Alibaba faces a potential further slide. Tesla's market could expand significantly with a new $25K EV. Rivian announces R2 EV launch date. UBS announces a $1B share buyback. China's Orienspace to compete with SpaceX. BP shares surge.

Portfolio Pulse from Akanksha Bakshi

February 06, 2024 | 1:33 pm

CHEA

NVIV

PLTR

PRSO

XCUR

Palantir Technologies Inc. shares surged 18% in pre-market trading after reporting Q4 sales above expectations and providing guidance. Other stocks also showed significant pre-market movements, with InVivo Therapeutics, Chenghe Acquisition, and Exicure among the top gainers, while Peraso Inc., Trio Petroleum, and Symbotic Inc. led the losers.

Portfolio Pulse from Avi Kapoor

February 06, 2024 | 1:16 pm

MSFT

TEAM

GitHub co-founder Chris Wanstrath was banned from the platform he created, without explanation. He announced moving his code to BitBucket, owned by Atlassian Corporation Plc (NASDAQ:TEAM). The ban, later lifted by GitHub COO Kyle Daigle, highlighted issues with GitHub's automation systems and raised concerns about trust among the developer community. GitHub is owned by Microsoft Corp. (NASDAQ:MSFT).

Portfolio Pulse from Rounak Jain

February 06, 2024 | 8:31 am

AMZN

Russian authorities are enforcing penalties for displaying rainbow-colored items under a Supreme Court ruling that declared LGBTQ+ activism as extremism. Fines and jail time have been imposed on individuals for such displays. This crackdown is part of Russia's broader policy against the LGBTQ+ community, including a recent law signed by President Putin prohibiting gender changes. In related actions, Amazon's Twitch and TikTok were fined in October 2022 for not removing content deemed as LGBT propaganda.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 7:00 am