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MO

Rep. French Hill from Arkansas reported selling Altria Group (NYSE:MO) stock valued between $50,001 and $100,000 on December 13, 2023. Altria Group's shares are up 0.62% at $42.28. Congressional transactions are monitored under the STOCK Act, which prohibits using non-public information for trading and requires prompt disclosure of transactions.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 3:05 pm

AAPL

GOOGL

The European Commission has requested information from Apple and Google under the Digital Services Act (DSA) to assess their compliance with online marketplace rules and transparency in their App Store and Google Play services. The companies must respond by January 15, 2024, and failure to provide accurate information could result in fines or periodic penalty payments. This action follows their designation as Very Large Online Platforms, which mandates them to mitigate systemic risks and protect users.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 2:27 pm

DTI

PBT

SJT

USEG

The article highlights four energy stocks considered oversold based on their Relative Strength Index (RSI) values, suggesting they may be undervalued. San Juan Basin Royalty Trust (SJT) settled with Hilcorp for $1.04 million but saw a 24% stock decline over the past month. U.S. Energy Corp. (USEG) reported a Q3 loss, with a 20% stock decrease. Drilling Tools International Corp. (DTI) experienced an EPS decline in Q3 and a 12% stock fall. Permian Basin Royalty Trust (PBT) shares dropped 22% over the past month. All four stocks have RSI values below 30, indicating potential for short-term performance improvement.

Portfolio Pulse from Avi Kapoor

December 14, 2023 | 2:11 pm

APLS

Apellis Pharmaceuticals was informed of a negative trend vote regarding its European application for Pegcetacoplan. The company anticipates a negative opinion from the CHMP at its January meeting and plans to appeal and seek re-examination if this occurs.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 12:14 pm

AAPL

AMZN

Amazon.com Inc (NASDAQ:AMZN) won a legal battle in the EU's top court, negating a €250 million tax bill from the European Commission. The court ruled that Amazon's tax deal with Luxembourg wasn't illegal state aid. This is a blow to EU Competition Chief Margrethe Vestager's efforts against tax advantages for large firms. The ruling may influence similar cases, like Apple Inc's (NASDAQ:AAPL) pending €13 billion tax order. Amazon's stock saw a slight increase in premarket trading.

Portfolio Pulse from Anusuya Lahiri

December 14, 2023 | 12:14 pm

TSLA

Tesla Inc (TSLA) has implemented a workaround in Sweden to address the issue of undelivered license plates due to a strike by IF Metall, a workers' union. Customers can now order plates directly after purchasing or leasing a vehicle, despite a Swedish court ruling that PostNord is not required to deliver plates to Tesla. The strike continues without resolution, but Tesla claims over 90% of its workforce is still working and that its employment terms meet or exceed union demands.

Portfolio Pulse from Anan Ashraf

December 14, 2023 | 12:11 pm

ADBE

Adobe Inc. (NASDAQ:ADBE) is under investigation by the FTC for potential violations of the Restore Online Shoppers' Confidence Act regarding its subscription cancellation policies. The inquiry, which began in June 2022, could lead to fines or penalties. Adobe is cooperating with the FTC and believes its practices are lawful. This scrutiny follows another regulatory challenge in the UK, where Adobe's proposed acquisition of Figma is being examined for antitrust concerns.

Portfolio Pulse from Benzinga Neuro

December 14, 2023 | 11:47 am

IBM

IBM CEO Arvind Krishna addressed concerns over a leaked video that discussed executive bonuses tied to diversity hiring. He clarified that the bonuses are legal and a small part of overall compensation, emphasizing business performance as the primary driver. Krishna also highlighted IBM's history of inclusivity and advised employees not to engage with the controversy. IBM shares saw a slight increase in premarket trading.

Portfolio Pulse from Shanthi Rexaline

December 14, 2023 | 11:38 am

BABA

PDD

PDD Holdings Inc's subsidiary Temu has filed a lawsuit against fast-fashion rival Shein in the U.S. District Court for the District of Columbia, alleging anti-competitive practices. The lawsuit accuses Shein of coercing suppliers, issuing copyright takedown notices, and pressuring Temu merchants. Shein is reportedly planning a U.S. IPO targeting a $90 billion valuation, while Temu's U.S. market entry has led to a decline in Shein's valuation from over $100 billion. PDD's market cap has recently surpassed Alibaba's, with PDD stock up over 73% YTD and BABA down over 22%.

Portfolio Pulse from Anusuya Lahiri

December 14, 2023 | 11:07 am

AAPL

Beeper Mini, an app that facilitates iMessage functionality, has been experiencing issues since Apple Inc. blocked it on December 9. Some users reported missing iMessages or complete app failure. Beeper's developers acknowledged the problem and suggested that Apple is deliberately blocking iMessages for about 5% of Beeper Mini users. Two temporary fixes have been suggested: clearing the app's cache and data, or uninstalling and reinstalling the app. A long-term solution has not been found yet.

Portfolio Pulse from Rounak Jain

December 14, 2023 | 9:18 am