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SONY

The Rhysida ransomware group leaked over 1TB of data from Sony Group Corp.'s Insomniac Games, including details on an unreleased Wolverine game for PlayStation 5. The leak occurred after Insomniac did not pay a $2 million ransom, resulting in 98% of the data being dumped online. This included files on the Wolverine game, Spider-Man 2, internal HR documents, and a publishing agreement for three X-Men games. Sony is investigating the breach, which highlights ongoing security vulnerabilities after a previous breach in October 2023.

Portfolio Pulse from Benzinga Neuro

December 19, 2023 | 9:52 am

F

TSLA

Sen. Joe Manchin is pushing to overturn the Treasury's exemption on EV tax credit rules, which he believes could benefit Chinese companies and increase U.S. reliance on China for EV battery and component supply chains. This could impact Ford and Tesla, as some of their EV models may not qualify for tax credits in the coming year. The Treasury's guidance restricts the use of Chinese content in batteries, with new regulations set to decrease U.S. reliance on China starting in 2024 and 2025.

Portfolio Pulse from Navdeep Yadav

December 19, 2023 | 9:42 am

TSLA

Tesla, Inc. (TSLA) faces challenges in Germany as the government ends an environmental bonus, impacting electric vehicle subsidies. Tesla's Giga Berlin plant is reported to shut down from Dec. 22 to Jan. 2, 2024, potentially affecting the company's annual production target. In response to the subsidy cut, Tesla offers compensation for new Model 3/Y orders. Analyst Gordon Johnson questions Tesla's demand without government subsidies, implying overcapacity. Tesla's stock dropped slightly following the news.

Portfolio Pulse from Shanthi Rexaline

December 19, 2023 | 9:13 am

AAPL

The 2024 Apple Inc. (NASDAQ:AAPL) iPad Pro is rumored to support MagSafe charging, based on insider information from a source familiar with Apple's magnet suppliers. The new iPad Pro models, including 11.1 and 13-inch OLED versions, are expected to feature design changes and possibly a glass back to enable wireless charging. Apple is also planning to phase out the 12.9-inch model in favor of a 13-inch model with an M3 chip, launching in 2024. This comes as part of Apple's strategy to refresh its product line, including the iPad Air, iPad Pro, and MacBook Air, in response to declining Mac and iPad sales.

Portfolio Pulse from Benzinga Neuro

December 19, 2023 | 9:09 am

AAPL

Apple Inc. has reduced the price of its 13-inch MacBook Air with the M2 chip to $899, a $200 discount, at B&H Photo Video. This offer includes all four color options and is available for the 8GB RAM and 256GB storage model. The M2 MacBook Air, known for its portability and all-day battery life, features a 13.6-inch Liquid Retina display, Thunderbolt 3 ports, Bluetooth 5.0, and Wi-Fi 6.

Portfolio Pulse from Rounak Jain

December 19, 2023 | 8:32 am

BLK

FNF

Jonathan Goldsmith, known as 'the most interesting man in the world', stars in an advertisement for Bitwise to promote their Bitcoin ETF. Bitwise, along with BlackRock and Fidelity, is awaiting SEC approval for a spot Bitcoin ETF. The ad highlights Bitwise's expertise in ETFs backed by crypto specialists. The crypto market is optimistic about the approval of spot Bitcoin ETFs, with a decision expected between Jan. 5 to Jan. 10, 2024. Goldsmith recently joined Village Garage Distillery as Chief Storytelling Officer.

Portfolio Pulse from Benzinga Neuro

December 19, 2023 | 8:15 am

AAPL

An iPhone 12 was found functional after being submerged in a California river for three months. The discovery was made by a diver named Lee, who cleaned and dried the device, which turned on without issues. This exceeds the expected IP68 water resistance rating by Apple, which does not cover water damage and advises against intentional submersion. Lee plans to use the contacts to return the phone to its owner.

Portfolio Pulse from Benzinga Neuro

December 19, 2023 | 7:28 am

IPHA

SNY

Sanofi has decided to exercise an option to license a new ANKET® program from Innate Pharma after a period of research collaboration. Sanofi will take over all development, manufacturing, and commercialization responsibilities for the program. Innate Pharma will receive a payment of €15 million for the option exercise.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 7:11 am

RHHBY

Roche's navify digital solutions, including navify Tumor Board, navify POC Operations, and navify Lab Operations, have received excellent ratings from healthcare professionals according to KLAS Research. The solutions are praised for improving tumor board meetings, enhancing point-of-care device management, and automating lab processes, with 100% of professionals indicating they would repurchase.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 7:06 am

FIS

JCB International has expanded its partnership with Worldpay from FIS, enabling JCB Contactless payments at Worldpay merchants using Ingenico terminals in the UK. This marks the largest contactless deployment in the region, allowing JCB cardmembers to make tap-and-go payments.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 6:51 am