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SPY

TSLA

Elon Musk, CEO of Tesla Inc (NASDAQ:TSLA), has been engaging with controversial racial content on X and facing allegations of illegal drug use. This behavior has raised concerns among investors and the public, contributing to Tesla's stock underperforming in comparison to the broader market. The S&P 500 ETF Trust (NYSE:SPY) has seen gains, while Tesla's stock has significantly declined. Tesla's board has been criticized for its silence on Musk's actions and compensation package, leading to calls for board changes.

Portfolio Pulse from Aaron Bry

February 26, 2024 | 7:50 pm

GOOG

GOOGL

MSFT

Google has intensified its criticism of Microsoft, cautioning about the potential monopoly Microsoft could establish in the cloud computing sector. This move by Google highlights the increasing competition and concerns regarding market dominance in the rapidly growing cloud services industry.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 7:44 pm

BMRN

BioMarin Pharmaceutical Inc. has complied with a subpoena from the U.S. Department of Justice requesting documents related to its testing programs for VIMIZIM and NAGLAZYME. The company cannot predict the outcome of the investigation or its impact on its business or financial statements.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 6:52 pm

BRK

Berkshire Hathaway Inc. (NYSE:BRK) shares experienced mixed movements after releasing its annual report and shareholder letter, highlighting significant investments and a potential lawsuit by the DOJ against its subsidiary, PacifiCorp, related to the 2020 Slater wildfire costs. The report also emphasized the limited opportunities for significant capital deployment outside the U.S.

Portfolio Pulse from Erica Kollmann

February 26, 2024 | 6:36 pm

ACI

KR

SPY

The White House supports the FTC's lawsuit to block the Albertsons-Kroger merger, emphasizing President Biden's commitment to promoting healthy competition among large corporations to lower grocery costs for families.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 6:20 pm

ALK

BA

RYAAY

Ryanair Holdings Plc is facing potential disruptions to its summer schedule due to Boeing Co's delivery delays of the 737 Max 10 models, with an expected reduction from 57 to around 50 aircraft by the end of June. This situation may lead to minor schedule cuts and a decrease in passenger forecast from 205 million to 200 million for the financial year starting in April. CEO Michael O'Leary expressed frustration and is discussing compensation with Boeing, also hinting at possible ticket price increases.

Portfolio Pulse from Vandana Singh

February 26, 2024 | 6:20 pm

EBAY

eBay Inc (NASDAQ:EBAY) is set to report its Q4 financial results, with analysts expecting flat year-over-year revenue of $2.512 billion and a slight decrease in EPS to $1.03 from $1.07. The company has a history of beating revenue and EPS estimates for several quarters. Analysts highlight eBay's potential for higher-than-guidance results, margin expansion in 2024, and its valuation as inexpensive. Recent analyst ratings vary, with price targets ranging from $45 to $49. Key items to watch include costs, margins, 2024 guidance, and impacts of recent layoffs and legal settlements.

Portfolio Pulse from Chris Katje

February 26, 2024 | 6:14 pm

DIS

The Disney Board of Directors has issued a letter to shareholders, emphasizing the progress and fulfillment of promises as the company undergoes a strategic transformation. The board explicitly stated its non-endorsement of the Trian Group nominees, Nelson Peltz and Jay Rasulo, as well as the nominees from Blackwells.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 5:44 pm

KR

The FTC has blocked the proposed merger between Kroger Co. (KR) and Albertsons Companies, a decision Kroger argues will harm consumers and workers by preventing lower prices and more choices in groceries. Kroger contends that the merger would have led to significant investments in price reductions and store improvements, as well as increased wages and benefits for workers. The company also highlights its commitment to community support and argues that blocking the merger benefits larger, non-unionized retailers. Kroger plans to litigate the FTC's decision in court.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 5:41 pm

BA

An independent panel has found a significant 'disconnect' between Boeing's senior management and its employees regarding the company's safety culture, according to a report cited by Reuters. This revelation could have implications for Boeing's reputation and operational practices moving forward.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 5:03 pm