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TSM

UMC

Taiwan's recent earthquake, the biggest since 1999, poses a significant risk to the global semiconductor supply chain, affecting major chipmakers like TSMC (OTC:TSM) and UMC (NYSE:UMC). Both companies halted operations for inspections, impacting the supply chain. TSMC, crucial for tech giants like Nvidia (NASDAQ:NVDA) and Apple (NASDAQ:AAPL), managed to evacuate safely and plans to resume production quickly. However, the event highlights the geopolitical and natural disaster risks of Taiwan's central role in chip manufacturing.

Portfolio Pulse from Upwallstreet

April 04, 2024 | 10:18 am

META

NFLX

Elon Musk criticized Meta Platforms Inc. (META) following a recent outage of Facebook, Instagram, and WhatsApp, attributing it to the company's alleged distraction with selling user data. This incident comes amid allegations and court filings accusing Meta of sharing user data with Netflix (NFLX) and other privacy concerns. Meta has denied these allegations.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 9:32 am

GL

Globe Life refuted claims made by short seller Nate Koppikar, stating that the articles he referenced in his comments, which labeled the company as an attractive short, were inaccurate and misleading, according to Reuters.

Portfolio Pulse from Charles Gross

April 04, 2024 | 9:18 am

DIS

The boardroom battle at Walt Disney Co. (NYSE:DIS) was highlighted by Ken Squire of 13D Monitor on CNBC, emphasizing it was not aimed at CEO Bob Iger but was about holding the board accountable for long-term succession planning. Despite Nelson Peltz's proxy fight and nomination for the board, Disney emerged victorious, electing its slate of board members. Jeffrey Sonnenfeld disagreed with Squire's view, praising Disney's board strength. Elon Musk also weighed in, supporting Peltz's board nomination.

Portfolio Pulse from Ananya Gairola

April 04, 2024 | 8:07 am

DJT

JJ Kinahan, chief market strategist at TD Ameritrade, suggests that Trump Media & Technology (NASDAQ:DJT) stock could be seen as a contribution to Donald Trump's potential 2024 campaign by his supporters. The stock has experienced volatility, with a recent sharp decline amid broader market scrutiny, emergency loans from a Russian-American businessman under investigation, and insider trading scandals. Trump Media's stock closed at $48.81, a 5.41% decrease.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 6:38 am

DJT

Trump Media & Technology Group Corp (NASDAQ:DJT), backed by former US President Donald Trump, received emergency loans in 2022 from a trust linked to Russian-American businessman Anton Postolnikov, who is under federal investigation. These loans were crucial for Trump Media's public debut and its merger with Digital World Acquisition Corporation. The company's stock recently fell after disclosing significant losses and being linked to a $22 million insider trading scheme.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 3:36 am

MSFT

The EU's antitrust chief, Margrethe Vestager, has expressed concerns over Microsoft Corporation's acquisition of talent from Inflection AI, including its co-founders. This move, which involved hiring most of Inflection's staff for Microsoft's new AI unit, bypassed traditional regulatory scrutiny. Vestager warned that if such practices become a trend, they could potentially trigger antitrust action. This comes amid the EU's ongoing scrutiny of Microsoft's investment in ChatGPT-parent OpenAI for potential anti-competitive practices.

Portfolio Pulse from Ananya Gairola

April 04, 2024 | 2:36 am

TSLA

Elon Musk revealed that OpenAI is poaching Tesla engineers with 'massive compensation' offers, highlighting a fierce talent war in AI. Tesla's Ethan Knight is the latest to leave for Musk's AI venture, xAI, amidst this backdrop. Musk's efforts to retain talent include moving engineers to xAI and increasing Tesla AI team's compensation based on progress milestones. This situation unfolds as Musk faces a legal battle with OpenAI, a company he co-founded and left.

Portfolio Pulse from Ananya Gairola

April 04, 2024 | 1:52 am

DWAC

Two brothers, Michael and Gerald Shvartsman, have pleaded guilty to securities fraud involving insider trading with information about the merger between Digital World Acquisition Corp. (DWAC) and Trump Media & Technology Group, the parent company of Truth Social. This insider trading scheme, which allowed them to profit illegally from nonpublic information about the merger, carries a maximum sentence of 20 years in prison. The scandal has added to the challenges facing the SPAC merger, which has also seen Trump Media & Technology Group's stock under pressure due to significant losses and legal disputes.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 1:45 am

RKT

UWMC

Hunterbrook Media, a hedge fund and news organization, released a short report on UWM Holdings Corp (UWMC), alleging unfair practices and encouraging a class action lawsuit. Hunterbrook disclosed a short position in UWMC and a long position in Rocket Companies Inc (RKT). UWM responded, questioning Hunterbrook's practices and the report's validity, suggesting potential market manipulation. Despite the controversy, UWMC shares rose 1.67%.

Portfolio Pulse from Aaron Bry

April 03, 2024 | 9:17 pm