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DJT

SPY

A New York judge has blocked Donald Trump's subpoena to NBC for materials related to a documentary on Stormy Daniels, impacting the ongoing hush money case.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 5:38 pm

TSLA

Elon Musk responded to a tweet claiming 'Tesla Scraps Low-Cost Car Plans: Reuters' by stating 'Reuters Is Lying (Again)'. This indicates a denial of the report by Reuters regarding Tesla's plans for a low-cost car.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 3:37 pm

GOOGL

Google (NASDAQ:GOOGL) has filed a lawsuit against two Chinese nationals for creating fake cryptocurrency investment apps on the Google Play store, defrauding over 100,000 users globally. The lawsuit seeks damages over $75,000 and aims to set a precedent to deter future scams. Google's actions highlight the ongoing battle against online financial scams, especially in the cryptocurrency space.

Portfolio Pulse from Murtuza Merchant

April 05, 2024 | 2:21 pm

PG

Procter & Gamble (NYSE:PG) has initiated a voluntary recall of 8.2 million bags of Tide Pods, Gain Flings, Ace Pods, and Ariel Pods due to a packaging defect that poses a risk of serious injury. The defect involves the outer packaging splitting open, potentially allowing children and vulnerable populations to access and ingest the contents, which could lead to serious health issues or death. The recall is limited to the U.S., and P&G is offering refunds or replacements for affected products.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:31 pm

CURI

SBGI

T

Wall Street's most accurate analysts recommend three tech and telecom stocks with over 6% dividend yields: CuriosityStream Inc. (CURI), Sinclair, Inc. (SBGI), and AT&T Inc. (T). These stocks are highlighted for their high dividend yields amidst market turbulence. Recent updates include mixed financial results for CURI, a new national correspondent for SBGI, and a data leak affecting AT&T customers.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 12:58 pm

LFLY

A New York Supreme Court judge struck down some of New York's adult-use cannabis regulations, causing temporary panic among industry stakeholders. The lawsuit, initiated by Leafly Holdings (NASDAQ:LFLY) and others, challenged restrictions on third-party marketing, leading to a narrow decision that invalidated only those specific rules. This incident adds to the challenges facing New York's cannabis industry, including a slow licensing process and the proliferation of illicit shops. A recent bill proposes revoking licenses for shops selling illicit weed.

Portfolio Pulse from Maureen Meehan

April 05, 2024 | 12:45 pm

INTZ

Intrusion Inc. announced that a settlement agreement entered by the company on October 2, 2023, was approved by the court on April 3, and a judgment was entered consistent with the settlement agreement, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:44 pm

TSLA

Tesla's Cybertruck, dubbed the Cyberbeast, has encountered electrical issues shortly after delivery, with reports of the vehicle becoming unresponsive within mere miles of use. CEO of Formula Monks, Brady Brim-DeForest, and Instagram user Nazila experienced significant malfunctions, sparking discussions about quality control. Despite these setbacks, notable figures like Brim-DeForest and tech reviewer Marques Brownlee remain optimistic about the vehicle's potential, comparing it to iconic cars.

Portfolio Pulse from Anan Ashraf

April 05, 2024 | 12:15 pm

LCID

NKLA

RIVN

TSLA

Nikola Corp (NKLA) has seen a 14.46% YTD gain, outperforming other EV makers like Tesla, Rivian, and Lucid, despite facing challenges such as vehicle recalls and executive changes. The company's focus on hydrogen fuel cell electric trucks and the anticipated return of its BEVs contribute to its stock's positive trend. In contrast, Tesla, Rivian, and Lucid have experienced significant YTD losses, while traditional automakers like General Motors and Ford have seen their stock prices rise.

Portfolio Pulse from Anan Ashraf

April 05, 2024 | 11:23 am

NSC

Ancora Holdings Group, an equity holder of Norfolk Southern, criticized the company's Board for its process in hiring John Orr as COO, citing failures of diligence and poor judgment. Ancora highlighted the lack of a competitive hiring process, potential undisclosed financial considerations for Orr's hiring, and Orr's lack of experience in Precision Scheduled Railroading. Additionally, Ancora raised concerns about Orr's past workplace behavior and the limited industry endorsement for his appointment.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 11:21 am