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BA

NTSB Chair Homendy announced plans for an investigative hearing on the Boeing 737 Max 9 towards the end of summer, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 5:39 pm

AAPL

Apple announced its decision to exercise its court-determined right to terminate 'any or all' of Epic Games' units and affiliates at its discretion, citing 'past and ongoing' behavior by Epic. This follows a court ruling that Apple has the right to terminate Epic Games' developer account due to an 'egregious breach' of contractual obligations.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 5:29 pm

BA

The U.S. National Transportation Safety Board (NTSB) is set to conduct an investigative hearing into a mid-air emergency involving a Boeing 737 Max 9 aircraft. This follows concerns over the safety and reliability of the 737 Max series, which have faced scrutiny in the past.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 5:25 pm

ARKK

ARKW

ROKU

Roku Inc (NASDAQ:ROKU) implemented a mandatory update requiring users to agree to new dispute resolution terms, including forced arbitration, causing user backlash. The update, enforced recently, made devices inoperable until users consented. Users criticized the process for opting out, which involves mailing a written notice. Despite this, Roku reported a 14% year-over-year revenue increase in Q4. The stock is also part of ARK Next Generation Internet ETF (NYSE:ARKW) and ARK Innovation ETF (NYSE:ARKK).

Portfolio Pulse from Anusuya Lahiri

March 06, 2024 | 5:14 pm

BA

Senate Commerce Committee Chair Cantwell plans to send a letter to Boeing regarding their lack of cooperation in the 737 Max 9 probe and intends to call CEO Dave Calhoun to testify at a future hearing.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 5:11 pm

CVX

HES

XOM

Exxon Mobil has initiated an arbitration process, asserting its right of first refusal in response to the proposed merger between Chevron and Hess in Guyana, as reported by Reuters. This move could potentially impact the dynamics of energy exploration and production in the region, highlighting Exxon Mobil's strategic interests in maintaining its influence and operations in Guyana.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 5:10 pm

AAPL

Epic Games announced that the account Apple terminated was aimed at introducing the Epic Games Store and Fortnite to iOS devices in Europe, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:38 pm

AAPL

Epic Games announced that Apple has terminated its developer account, preventing Epic from developing the Epic Games Store for iOS. This move by Apple could have implications for both companies in terms of app distribution and revenue generation on the iOS platform.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:36 pm

FXI

SPY

US House Republican lawmaker Gallagher urges American investors in ByteDance to push the Chinese government to permit the sale of TikTok, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:23 pm

ALK

BA

National Transportation Safety Board Chair Homendy emphasized the need for more cooperation from Boeing in the investigation of an Alaska Airlines Max 9 incident during a Senate hearing. This call for increased collaboration highlights ongoing safety and regulatory scrutiny for Boeing and its aircraft.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:59 pm