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AMD

INTC

NVDA

The U.S. National Security Council has been deliberate about chip regulations, with intensive coordination with the chip industry and U.S. allies, according to a statement cited by Reuters.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 5:08 pm

META

Meta Platforms Inc. (NASDAQ:META) faces a daily fine of $100,000 in Norway if it doesn't address its privacy issues. The Norwegian Data Protection Authority has imposed a three-month ban on Meta's behavioral advertising, effective from August 4 to November 3. If Meta fails to comply, it will be fined for each day of non-compliance. Advertising accounted for 97.5% of Meta's total revenue in 2022, amounting to $113.64 billion.

Portfolio Pulse from Rounak Jain

July 17, 2023 | 5:04 pm

AZN

The FDA has approved AstraZeneca's Beyfortus for the prevention of Respiratory Syncytial Virus in babies and toddlers. This approval could potentially increase AstraZeneca's market share in the pharmaceutical industry.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 4:43 pm

CRLBF

GTBIF

Illinois Governor JB Pritzker, who signed a cannabis legalization bill two years ago, will be a keynote speaker at the upcoming Benzinga Cannabis Capital Conference. The cannabis legalization law has resulted in the creation of over 30,000 jobs and positively impacted the state's economy, with weed sales reaching $1.5 billion in 2022. Some of the largest companies in Illinois' diverse cannabis industry include Cresco Labs Inc, Verano Holdings Corp., and Green Thumb Industries.

Portfolio Pulse from Maureen Meehan

July 17, 2023 | 4:29 pm

VZ

Verizon Communications Inc. (NYSE:VZ) shares are trading lower due to concerns over lead-sheathed cables, which are considered a significant environmental risk. A Wall Street Journal report reveals that a large quantity of over 2,000 cables has yet to be addressed by telecom firms, raising environmental concerns.

Portfolio Pulse from Henry Khederian

July 17, 2023 | 4:24 pm

VIRI

Virios Therapeutics Inc announced that its combination therapy of valacyclovir and celecoxib showed significant improvements in patients with Long-COVID. The company plans to meet with the FDA in 2023 to discuss an investigational new drug application. Despite the positive news, VIRI shares are down 21.10%.

Portfolio Pulse from Vandana Singh

July 17, 2023 | 4:20 pm

TSLA

Senator Elizabeth Warren has called for an SEC investigation into Tesla over Elon Musk's acquisition of Twitter last year, citing potential conflicts of interest and misappropriation of corporate assets. Warren accused Tesla's board of inadequate disclosures and inaction, raising concerns about the effectiveness of the board's corporate governance and potential violation of securities laws. She also suggested that Musk's relationships with board members may have contributed to their inaction. Tesla is set to report Q2 financial results this week.

Portfolio Pulse from Adam Eckert

July 17, 2023 | 4:03 pm

IQV

The U.S. Federal Trade Commission (FTC) has filed a lawsuit to block the acquisition of Propel Media by Iqvia, citing concerns over increased concentration in the health care programmatic advertising sector.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 4:01 pm

AAPL

GOOG

GOOGL

META

MSFT

The European Union (EU) is launching an antitrust investigation against Microsoft Corp (NASDAQ:MSFT) over allegations of unfair bundling of its Teams app with Office software. This marks Microsoft's first formal probe in Brussels in 15 years. The investigation reflects the EU's focus on preventing large tech companies from leveraging their power to gain an unfair advantage in the market. Microsoft has previously faced fines worth €2.2 billion ($2.4 billion) for breaching EU competition rules.

Portfolio Pulse from Anusuya Lahiri

July 17, 2023 | 3:36 pm

META

Meta Platforms, Inc (NASDAQ:META) is facing a potential penalty from Norway's data protection authority, Datatilsynet, for privacy breaches. The fine could be one million crowns ($100,000) per day, pending remedial action. This comes after the European Union's top court ruled that Meta cannot harvest user data for behavioral advertising. Despite this, analysts from JMP Securities, Goldman Sachs, and Credit Suisse have maintained positive ratings for Meta and raised their price targets.

Portfolio Pulse from Anusuya Lahiri

July 17, 2023 | 3:32 pm