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Crypto influencer Ben Armstrong was arrested after a live broadcast on YouTube where he planned to confront an individual named Carlos Diaz to recover his Lamborghini. Armstrong had previously discussed his ownership of the car and the potential of Cardano (CRYPTO: ADA) as a cryptocurrency. Armstrong also mentioned Bitcoin’s major cap holders and their control over a significant portion of the coin supply. He has received donations in Ethereum (CRYPTO: ETH), Bitcoin (CRYPTO: BTC), and Cardano surpassing a total of $54,000 to finance his legal endeavor to regain control of BitBoy Crypto.

Portfolio Pulse from Mehab Qureshi

September 26, 2023 | 12:32 pm

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The U.S. Securities and Exchange Commission (SEC) has collected thousands of messages from staff at over a dozen leading investment firms as part of an investigation into the use of private messaging apps for business communication. The investigation, which has been ongoing for two years, initially focused on broker-dealers and resulted in more than $2 billion in fines. The latest phase of the investigation includes firms like Carlyle Group, Apollo Global Management, KKR & Co, TPG, Blackstone, and Citadel. The SEC's increased scrutiny comes after JPMorgan Chase failed to provide certain documents in 2018 during an unrelated investigation.

Portfolio Pulse from Benzinga Neuro

September 26, 2023 | 8:16 am

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Ben Armstrong's Ben (CRYPTO: BEN) token experienced a significant drop of more than 21% in the past 24 hours following the news of his arrest. The token has fallen over 93% from its all-time high. Armstrong was taken into custody after a live broadcast on YouTube took an unexpected turn. Armstrong had previously been ousted from his media company, BitBoy Crypto. He has received donations exceeding $54,000 in Ethereum (CRYPTO: ETH), Bitcoin (CRYPTO: BTC), and Cardano (CRYPTO: ADA) to fund his legal campaign.

Portfolio Pulse from Mehab Qureshi

September 26, 2023 | 6:38 am

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Crypto influencer Ben Armstrong, known as BitBoy Crypto, was arrested during a live YouTube broadcast. Armstrong had planned to confront an individual to retrieve his Lamborghini, but the situation escalated, leading to his arrest. Armstrong has been seeking donations to fund his legal campaign to regain control of BitBoy Crypto, with over $54,000 contributed to his Ethereum (ETH), Bitcoin (BTC), and Cardano (ADA) addresses.

Portfolio Pulse from Mehab Qureshi

September 26, 2023 | 3:37 am

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Former President Donald Trump has suggested that Comcast Corp should be investigated for treason, accusing the company of 'Country Threatening Treason'. He singled out NBC News and MSNBC for one-sided coverage and threatened that they would be scrutinized if he were to win the presidency in 2024. In response, White House Deputy Press Secretary Andrew Bates defended the freedom of the press as a fundamental constitutional right. Comcast shares were down 0.88% at the time of publication.

Portfolio Pulse from Adam Eckert

September 25, 2023 | 6:41 pm

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3M Co's shares are trading lower after 3M Belgium announced it is evaluating options to restart its idled PFAS manufacturing processes or to accelerate its discontinuance. This could lead to potential legal costs, fines, and reputational damage for the company. The stock is also affected by concerns about future rate hikes and lower-than-expected initial jobless claims data. The Federal Reserve maintained the federal funds rate within the 5.25% to 5.5% range at its September meeting.

Portfolio Pulse from Henry Khederian

September 25, 2023 | 6:31 pm

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Rite Aid Corp (NYSE:RAD) is reportedly planning to close between 400 and 500 of its 2,100 locations as part of a bankruptcy plan. The company is facing over $3.3 billion in debt and numerous lawsuits claiming the company oversupplied opioids. Rite Aid shares have fallen more than 85% since the start of the year.

Portfolio Pulse from Adam Eckert

September 25, 2023 | 4:38 pm

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Several significant business events have occurred. Ford of Canada has reached a collective agreement with Unifor union, including wage increases and pension improvements. Amazon has invested $4 billion in AI startup Anthropic. PhonePe, backed by Walmart, has launched the Indus AppStore Developer Platform to challenge Google's dominance in India. Goodyear plans to redefine its operational presence in the Asia Pacific region. Pfizer's RSVpreF vaccine has been recommended by the CDC for pregnant people. Mercedes Benz has partnered with Mastercard to introduce in-car digital payments. Novartis plans to spin-off the Sandoz business. Eisai and Biogen's Alzheimer treatment Leqembi has been approved in Japan. Alcoa has appointed William F. Oplinger as President and CEO. TransCode Therapeutics' stock is trading higher after positive results with its therapeutic candidate, TTX-MC138. Tyson Foods and Perdue Farms are under investigation over alleged child labor violations. OpenAI has unveiled a new feature for its ChatGPT application, enabling verbal responses. Apple's iOS 17 update allows users to opt for a search engine other than Google. Austrian Airlines faced backlash for making inaccurate environmental claims.

Portfolio Pulse from Vandana Singh

September 25, 2023 | 2:58 pm

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Perdue Farms and Tyson Foods are under federal investigation following reports of employing migrant children in their meat-processing plants. The Labor Department is probing a Tyson plant and a Perdue plant in Virginia. The investigation was launched after an exposé revealed a 14-year-old boy working the night shift at a Perdue-operated chicken slaughterhouse. One-third of the Perdue plant's overnight cleaning crew was reportedly made up of children, employed by Fayette Industrial, a cleaning company hired by Perdue. Fayette also works with QSI Sanitation, which works with Tyson as part of chemical sanitation conglomerate The Vincit Group, and is facing a federal investigation.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 2:58 pm

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Austrian Airlines, a subsidiary of Deutsche Lufthansa AG (OTC:DLAKY), has been reprimanded by a court for making misleading environmental claims. The airline had advertised that its flights to an art exhibition in Venice would be operated using 100% sustainable aviation fuel, but it was revealed that only 5% of the fuel used was from renewable sources. Following the ruling, the airline was ordered to display the court's decision on its website and social media platforms and cover the legal fees of the consumer-protection association.

Portfolio Pulse from Akanksha Bakshi

September 25, 2023 | 2:23 pm