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PLTR

Palantir Technologies Inc. (NYSE:PLTR) is under investigation by the UK's National Health Service (NHS) for potentially breaching contract terms related to marketing activities. The breach concerns an influencer marketing campaign by Topham Guerin, which was not approved by NHS England as required by the contract. Palantir, which won a £330 million contract with Accenture Plc to build the NHS Federated Data Platform, has stopped working with Topham Guerin and described the campaign as an 'exploratory project.' The Good Law Project has raised concerns about Palantir's handling of private medical data and transparency of the data processing platform.

Portfolio Pulse from Nabaparna Bhattacharya

January 06, 2024 | 8:42 pm

ALK

Boeing is aware of an incident involving Alaska Airlines Flight 1282 and is gathering more information. Boeing's technical team is prepared to support the investigation in coordination with the airline.

Portfolio Pulse from Charles Gross

January 06, 2024 | 3:35 pm

AAPL

ANF

IBM

NVDA

Barron's weekend stock picks include Abercrombie & Fitch, Apple, Nvidia, and IBM. Abercrombie & Fitch's future growth is uncertain despite a recent spike. Apple faces a 5.9% YTD decline amid antitrust concerns. Shipping stocks like Maersk may benefit from Middle East conflict and Panama Canal drought. Nvidia is projected to generate $100 billion in free cash flow from AI chip sales. IBM's AI ambitions are met with skepticism from analysts.

Portfolio Pulse from Justin Chan

January 06, 2024 | 2:12 pm

AAPL

AMZN

NFLX

RIVN

TSLA

Benzinga's weekly review highlights significant movements in the stock market and bullish and bearish perspectives on several US-listed companies. The Nasdaq, S&P 500, and Dow Jones all experienced losses, with the Nasdaq dropping 3.25%. Strong U.S. job market data may influence the Federal Reserve's interest rate decisions. Bullish reports include Tesla's Model Y becoming the bestselling EV, Amazon being a top pick for 2024, and optimistic Bitcoin predictions. Bearish news includes a $250 billion loss in market cap for tech giants like Apple and Amazon, Cloudflare's CEO criticizing Rivian's high repair costs, and streaming services like Netflix facing increased subscription cancellations.

Portfolio Pulse from Michael Cohen

January 06, 2024 | 1:22 pm

PRME

Prime Medicine, Inc. (NASDAQ:PRME) and Myeloid Therapeutics, Inc. have announced the resolution of all outstanding disputes, ending pending arbitrations. Both companies view the settlement as positive, allowing them to focus on developing therapies for patients. The CEOs of both companies expressed satisfaction with the outcome and a commitment to advancing their respective scientific and commercial goals.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 10:04 pm

AAPL

Apple Inc (AAPL) is reportedly on the verge of facing a federal antitrust lawsuit from the U.S. Department of Justice (DOJ). The DOJ's investigation focuses on Apple's business practices, including the compatibility of the Apple Watch with the iPhone, the exclusivity of iMessage, the Apple Pay system, and restrictions on cloud gaming apps in the App Store. The DOJ has consulted with companies like Tile and Beeper, as well as financial service providers, about Apple's restrictive practices. This comes amid global regulatory scrutiny, with the European Digital Markets Act requiring open access to competing app stores on Apple devices. Apple's stock was down 0.40% at market close on Friday.

Portfolio Pulse from Erica Kollmann

January 05, 2024 | 9:48 pm

LFLY

Leafly Holdings received a letter from Nasdaq on January 3 stating that the company is not in compliance with the Audit Committee Rule. Leafly is currently evaluating options to regain compliance before the cure period expires, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 9:43 pm

ANTO.L

EDV.L

GOLD

Barrick Gold Corp and Antofagasta plc have formed a $95 million partnership for copper exploration in Chile. Endeavour Mining Plc fired its CEO for misconduct involving a $5.9 million payment and personal conduct issues. The battery industry needs to invest $514 billion by 2030 to meet demand for lithium-ion batteries.

Portfolio Pulse from Austin DeNoce

January 05, 2024 | 9:40 pm

TCNNF

Florida State Rep. Ralph Massullo proposed a bill to cap THC levels in cannabis products, potentially affecting the cannabis legalization initiative funded by Trulieve Cannabis Corp. (TCNNF). The bill limits THC to 10% in smokable products and 60% in other forms, except edibles, which would have a 200mg cap per product and 10mg per serving. The legalization amendment, supported by Smart & Safe Florida and funded by Trulieve, aims to allow non-medical use of marijuana for adults over 21. Attorney General Ashley Moody opposes the initiative, citing its failure to acknowledge federal illegality. The state's highest court will decide by April 1 if the amendment can be voted on, requiring a 60% majority to pass. Over one million Florida voters have signed petitions supporting the amendment.

Portfolio Pulse from Maureen Meehan

January 05, 2024 | 9:30 pm

AAPL

The U.S. Justice Department is nearing the final stages of a comprehensive antitrust investigation into Apple, examining the company's use of its products and services to protect its main business operations. This development signals a potential legal challenge that could have significant implications for Apple's business practices.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 7:56 pm