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BROG

Brooge Energy's stock price is down following the announcement of a settlement with the SEC, which includes a $5 million penalty and an agreement to cease any future violations.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 5:15 pm

BROG

Brooge Energy has agreed to pay a $5 million civil penalty to settle charges by the SEC for alleged fraudulent accounting and offering conduct. The settlement includes an agreement to cease any future violations. Two former officers have also resolved related charges without admitting or denying the findings, according to an SEC filing.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 5:11 pm

PARA

Paramount Global (NASDAQ:PARA) experienced a data breach in December 2022, affecting 82,128 individuals' sensitive financial details. The breach was discovered in August 2023 but only recently disclosed. The breach notification to Maine's attorney general did not specify the stolen information but indicated potential implications for employee data. National Amusements, owner of Paramount and CBS, faced a separate security incident in August involving customer personal data. The nature of the cyberattack and any ransom details remain undisclosed. PARA shares saw a slight increase of 0.27% to $15.04.

Portfolio Pulse from Anusuya Lahiri

December 26, 2023 | 5:09 pm

AAPL

SPY

The U.S. International Trade Commission (ITC) has asked a court not to shorten the time for its response to Apple's motion for an interim stay regarding an import ban on the Apple Watch. The ITC opposes Apple's request to pause the ban.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 4:37 pm

AAPL

The U.S. International Trade Commission (ITC) has opposed Apple Inc.'s motion to stay ITC remedial orders. This development could potentially affect Apple's business operations if the orders are related to import bans or restrictions on the sale of certain products.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 4:35 pm

AAPL

EWJ

GOOGL

Japan is planning to introduce legislation in 2024 aimed at preventing platform operators like Apple and Google from using their dominance to unfairly keep users within their ecosystems and exclude competitors. The proposed law would empower the Japan Fair Trade Commission to levy fines for any violations of these restrictions.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 4:33 pm

AAPL

EWJ

GOOGL

Japan is set to introduce regulations targeting tech giants Apple and Google, aiming to reduce their app store monopolies. The proposed legislation, expected to be presented to parliament in 2024, will mandate these companies to permit third-party app stores and payment systems on their mobile operating systems. The law will focus on four key areas: app stores and payments, search, browsers, and operating systems, to prevent the abuse of dominant market positions.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 4:30 pm

BNPQY

HSBC

HSBC Holdings PLC and BNP Paribas have been fined a total of 26.5 billion won ($20.4 million) by South Korean authorities for engaging in naked short-selling, which is illegal in the country. BNP Paribas and its local brokerage unit are ordered to pay 19 billion won, while HSBC is fined 7.5 billion won. The Securities and Futures Commission of South Korea views these violations as intentional and damaging to market order and investor trust. The FSC is also considering a criminal investigation against the banks. This action aligns with South Korea's efforts to eliminate illegal short-selling, including a planned full ban by June 2024.

Portfolio Pulse from Lekha Gupta

December 26, 2023 | 4:14 pm

PARA

PARAA

National Amusements, the parent company of Paramount and CBS, reported a data breach affecting 82,128 individuals, with personal and financial information stolen. The breach occurred in December 2022 but was only disclosed a year later. Paramount also experienced a separate security incident in August, with customer personal information compromised. The impact on Paramount Global (PARA, PARAA) could be negative due to potential reputational damage and financial implications.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 3:55 pm

AAPL

The White House upheld a sales ban on certain Apple Inc (NASDAQ:AAPL) smartwatches due to a patent violation with Masimo Corp. Apple Watch Series 9 and Ultra 2 were removed from stores, while the Apple Watch SE remains on sale. Analysts estimate Apple's watch business generated $17 billion last year, with the ban potentially costing $300-$400 million in holiday sales. Apple shares were down 0.18% at $193.26 following the news.

Portfolio Pulse from Adam Eckert

December 26, 2023 | 3:47 pm