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Weldon Angelos, once imprisoned for nonviolent drug offenses, has significantly influenced drug legislation and received a pardon from President Trump in 2020. Post-release, he founded The Weldon Project in LA, supported by companies like Kush Co. (OTC:GNLN) and Cresco (OTC:CRLBF). Angelos advocates for cannabis law reform, clemency for cannabis offenses, and the reduction of federal sentencing guidelines for marijuana offenses. His efforts include working with the Biden administration and organizing symposiums to establish criteria for commuting sentences.

Portfolio Pulse from Nicolás Jose Rodriguez

January 25, 2024 | 8:16 pm

BTCUSD

The U.S. District Court for the District of Maryland plans to sell $132.5 million in Bitcoin seized in connection with the Silk Road scam. The Bitcoin was confiscated from Ryan Farace and Sean Bridges in two separate seizures. Interested parties have 60 days from Jan. 10, 2024, to file a claim for the property, after which the U.S. government may proceed with the sale.

Portfolio Pulse from Murtuza Merchant

January 25, 2024 | 7:29 pm

DWAC

Donald Trump has completed his testimony in the defamation case brought by E. Jean Carroll. He affirmed that he stands by the deposition testimony he previously gave.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 7:24 pm

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GOOG

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MSFT

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Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) stock rose on Thursday following the resolution of a significant patent lawsuit involving AI technology and a new partnership with AI software startup Hugging Face. The lawsuit by Singular Computing claimed $1.67 billion, but the terms of the resolution were not disclosed. The partnership with Hugging Face will allow the startup to host its platform on Google Cloud, enhancing access to AI tools for developers and strengthening Google's ties with the open-source AI community. Google's AI focus is part of a broader trend among tech giants like Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), and Nvidia (NASDAQ:NVDA), who are heavily investing in AI technology.

Portfolio Pulse from Anusuya Lahiri

January 25, 2024 | 7:08 pm

BTCUSD

SPY

The U.S. government has filed a notice to sell $130 million worth of Bitcoin that was seized from a former Secret Service agent involved in the Silk Road investigation. The agent, who was convicted of stealing Bitcoin during the investigation, had previously agreed to the sale of the seized assets. The proceeds from the sale are expected to be used to compensate victims of the Silk Road marketplace.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 6:45 pm

MSFT

NTDOY

Palworld, an open-world survival game, has surpassed Fortnite in daily Xbox players on January 22nd, according to Circana's Player Engagement Tracker. Despite its success, including selling 7 million copies in Early Access and becoming the second-most-played game on Steam, Palworld faces cheating issues. Developer Pocketpair released a patch to combat cheats and exploits but acknowledged the difficulty in completely preventing cheating. The game currently lacks an anti-cheat system, and experts suggest shifting authority to the server to reduce exploits. Palworld plans to introduce PvP gameplay, making cheat prevention crucial. The game has also been controversial, facing accusations of being a Pokémon rip-off and receiving death threats, while Nintendo has taken action against a Pokémon mod and The Pokémon Company intends to investigate potential intellectual property infringement.

Portfolio Pulse from Franca Quarneti

January 25, 2024 | 5:06 pm

WWE

Vince McMahon, former WWE CEO, is accused of sex trafficking by ex-WWE staffer Janel Grant in a new lawsuit. Grant alleges McMahon abused her and trafficked her to other men in the company under the guise of career advancement. This raises concerns about the extent of WWE's internal investigation last year.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 4:58 pm

ALK

Alaska Air Group Inc (ALK) reported Q4 operating revenue of $2.55 billion, a 3% Y/Y increase, and adjusted EPS of $0.30, beating estimates. The company is inspecting its Boeing 737 MAX 9 fleet and expects a $150 million earnings hit in 2024 due to the grounding incident. Alaska Air's 2024 earnings guidance of $3-$5 per share is below the consensus of $4.85, factoring in the impact of the Boeing fleet grounding. ALK shares rose 3.21% to $36.97.

Portfolio Pulse from Vandana Singh

January 25, 2024 | 3:38 pm

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SHWZ

Colorado lawmakers introduced a bipartisan measure to simplify cannabis regulations, including eliminating mandatory Aspergillus fungus testing. The bill also addresses labeling mandates, allows dispensaries to sell non-cannabis consumable goods, and extends licensure from one to two years. Publicly traded companies in Colorado like Green Thumb Industries, Schwazze, and Charlotte’s Web Holdings could be affected. Curaleaf Holdings exited Colorado last year.

Portfolio Pulse from Jelena Martinovic

January 25, 2024 | 3:11 pm

MSFT

SONY

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The Complaint Counsel has opposed Microsoft Corporation's motion to reopen discovery to serve subpoenas on Ubisoft Entertainment and Sony Interactive Entertainment about their agreements. This opposition is part of ongoing legal proceedings.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:55 pm