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The U.S. government is urging major tech companies like Amazon, Google, Microsoft, and Cloudflare to support internet censorship evasion tools by providing discounted server bandwidth. This initiative aims to meet the growing demand for VPNs in countries with heavy internet censorship, such as Russia and Iran.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 7:37 pm

STLD

Steel Dynamics, Inc. (STLD) and four other organizations have petitioned the DOC and U.S. ITC to impose antidumping and countervailing duties on imports of corrosion-resistant steel from several countries. This move is in response to a 57% surge in imports, negatively impacting the domestic steel industry. Decisions on these investigations are expected between late this year and early next year, with final rulings by October 2025.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 7:20 pm

AMZN

MSFT

Amazon's AI product, Q, is facing early integration challenges and concerns over high customer costs, as revealed by leaked internal discussions. AWS employees are worried about losing customers to Microsoft.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 7:02 pm

WBD

Warner Bros Discovery shares are experiencing an uptick following the announcement by its CFO that a sequel to the highly successful game Hogwarts Legacy is in development.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:53 pm

NFLX

Netflix is launching a new docuseries titled 'What's Next? The Future With Bill Gates,' featuring Bill Gates interviewing prominent figures on topics like climate crisis, AI, and social media. The series could attract significant attention due to Gates' influence and the relevance of the topics discussed.

Portfolio Pulse from Chris Katje

September 05, 2024 | 6:51 pm

DG

DLTR

TGT

WMT

Dollar stores are facing challenges as Walmart and Target increase competition by attracting higher-income consumers. Dollar Tree and Dollar General have both revised their financial outlooks downward due to pressure on low- and middle-income customers. Walmart's strong performance is drawing budget-conscious shoppers away from dollar stores.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2024 | 6:51 pm

ABT

Abbott Laboratories is recalling some FreeStyle Libre 3 sensors due to incorrect high glucose readings, which could lead to serious health issues. The recall does not affect the FreeStyle Libre 3 reader or app. Abbott also announced the U.S. availability of Lingo, a new glucose monitoring system without a prescription.

Portfolio Pulse from Vandana Singh

September 05, 2024 | 6:45 pm

MRK

Merck & Company, Inc. (NYSE:MRK) shares are trading higher after the company completed negotiations with the pan-Canadian Pharmaceutical Alliance regarding WELIREG, moving it closer to public reimbursement in Canada.

Portfolio Pulse from Dylan Berman

September 05, 2024 | 6:42 pm

EWJ

TM

Toyota and Nissan, along with other companies, are set to invest approximately $7 billion to increase Japan's battery production capacity by 50%, focusing on automotive batteries. This investment will raise the capacity from 80 GWh to 120 GWh.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:21 pm

WBD

Warner Bros. Discovery Inc (NASDAQ:WBD) is prioritizing a sequel to its successful game, Hogwarts Legacy, which has sold over 24 million copies and generated over $1 billion in revenue. Despite setbacks from the poorly received Suicide Squad game, Warner Bros. remains committed to its gaming division, with other projects like Harry Potter: Quidditch Champions and a Wonder Woman game in development.

Portfolio Pulse from Franca Quarneti

September 05, 2024 | 6:15 pm