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Security

FYBR

Frontier Communications Parent Inc (NASDAQ:FYBR) disclosed a cyberattack on April 14, causing operational disruptions and after-hours stock decline. The company has contained the incident and is restoring operations, not expecting a material impact on financial results.

Portfolio Pulse from Adam Eckert

April 18, 2024 | 9:09 pm

FYBR

Frontier Communications Parent, Inc. (FYBR) experienced a significant operational disruption on April 14, 2024, due to unauthorized access by a cybercrime group. The company has contained the incident and is restoring operations, stating it does not expect a material financial impact according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:14 pm

DKNG

FLUT

Jontay Porter, an NBA player, received a lifetime ban for betting on games and disclosing confidential health information, which influenced betting lines and outcomes. The investigation highlighted a specific game where Porter's disclosed health status led to a significant parlay bet on DraftKings Inc (NASDAQ:DKNG). This incident marks the first NBA player banned for gambling by Commissioner Adam Silver. DraftKings and Flutter Entertainment's FanDuel (NYSE:FLUT) were mentioned as platforms where betting spikes on Porter's performance were observed.

Portfolio Pulse from Chris Katje

April 18, 2024 | 7:00 pm

SPY

VGK

The Pentagon has announced its readiness to respond swiftly if aid for Ukraine is approved, indicating a potential increase in defense spending and support for Ukraine amidst ongoing conflicts. This development could impact related US-listed ETFs such as SPY and VGK, reflecting broader market and European regional responses.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 6:44 pm

EIS

ISRA

SPY

USO

Iran's Foreign Minister announced at the UN Security Council that Iran's defense actions and countermeasures have concluded. He emphasized that Israel must be compelled to halt any further military actions against Iran's interests.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 5:28 pm

The White House, through Brainard, has announced that the U.S. national security review concerning U.S. Steel will continue as planned, without any deviations.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:16 pm

White House's Lael Brainard commented on the significance of the steel industry to national security, economic security, and supply chain considerations, highlighting its critical role in the U.S. economy.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:16 pm

CSCO

Cisco Systems, Inc. (NASDAQ:CSCO) has launched Cisco Hypershield, a significant security innovation aimed at securing data centers and clouds amidst the AI revolution. Hypershield enhances security by transforming network ports into security enforcement points, protecting applications, devices, and data across various environments. It addresses key challenges such as Distributed Exploit Protection, Autonomous Segmentation, and Self-qualifying Upgrades. Cisco's Chair and CEO, Chuck Robbins, highlighted the company's unique position to leverage AI due to its data advantage and strength in security, infrastructure, and observability platforms. Following the announcement, CSCO shares saw a 0.46% increase to $48.01.

Portfolio Pulse from Nabaparna Bhattacharya

April 18, 2024 | 3:53 pm

EIS

ISRA

SPY

USO

VGK

The U.S. has introduced new restrictions on Iran's access to certain 'low-level' technology following its attack on Israel and its cooperation with Russia against Ukraine. This move could potentially impact various sectors and related ETFs due to geopolitical tensions and market reactions to the increased sanctions.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:29 pm

GLD

SPY

USO

The U.S. has imposed new sanctions on Iran targeting individuals, organizations, and industries in response to an attack on Israel. These sanctions, announced by the Treasury's OFAC, focus on Iran's UAV capabilities and steel industry, aiming to undermine Iran's destabilizing activities and support for terrorism. The UK and EU are aligning with the U.S. in imposing similar sanctions. Market reactions were muted, with slight declines in oil prices and minor movements in major indices and gold.

Portfolio Pulse from Piero Cingari

April 18, 2024 | 2:57 pm