Streetbeat News

Security

ABBV

The FDA has issued a warning about counterfeit versions of Botox found in multiple states, which have been administered to consumers. These counterfeits have led to adverse events, including hospitalizations. However, there is no indication that these events are linked to AbbVie's FDA-approved Botox.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:54 pm

UNH

UnitedHealth Group (NYSE:UNH) reported Q1 2024 earnings with better-than-expected revenue and adjusted EPS, despite taking a $872M hit from a cyberattack on its subsidiary Change Healthcare. Revenues increased to $99.8 billion, and adjusted EPS was $6.91. The company also incurred a $7 billion charge from selling its Brazil operations but saw growth in its Optum and UnitedHealthcare units. UNH shares rose 7.52% in premarket trading. The company expects a full-year 2024 impact from the cyberattack of $1.15 to $1.35 per share.

Portfolio Pulse from Vandana Singh

April 16, 2024 | 11:56 am

EIS

SPY

USO

Israel's War Cabinet is scheduled to meet on Tuesday to deliberate on the country's response to an Iranian attack, according to an Israeli official. The exact time of the meeting has not been disclosed.

Portfolio Pulse from Charles Gross

April 16, 2024 | 10:35 am

UNH

UnitedHealth has revised its full-year 2024 GAAP net earnings forecast to $17.60-$18.20 per share, accounting for the sale of its Brazil operations and the estimated direct costs associated with a recent cyberattack.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 10:05 am

EIS

SPY

USO

Axios reported that the Treasury is set to approve new sanctions on Iran following an attack on Israel. This move aligns with the Biden administration's stance on Iran and could have implications for global markets, particularly affecting oil prices and geopolitical stability.

Portfolio Pulse from Charles Gross

April 16, 2024 | 10:04 am

GLP, a global real estate logistics provider and investment manager, has chosen Zscaler's cloud security platform, Zscaler for Users, to enhance its cybersecurity measures. This decision comes as GLP seeks to address the limitations and risks of its legacy VPN-based security stack, which was deemed inadequate against sophisticated cyber attacks.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:48 am

META

MSFT

The UK government is set to criminalize the creation and distribution of sexually explicit deepfake images without consent. This move is part of broader efforts to combat violence against women and includes new offenses for non-consensual intimate images and aggravating factors for causing death through abusive behavior. The rise of deepfake technology has led to significant concerns globally, including a $25 million corporate scam and potential election interference in Asia.

Portfolio Pulse from Benzinga Neuro

April 16, 2024 | 4:04 am

DAL

A Delta Air Lines flight from Atlanta to Ft. Lauderdale returned to Atlanta shortly after takeoff due to the Boeing 757 aircraft 'yawing aggressively'. The incident adds to recent scrutiny of Boeing following other incidents, including a door blowout on a 737 in January.

Portfolio Pulse from Dustin Blitchok

April 15, 2024 | 7:36 pm

GLD

IWM

QQQ

SLV

SPY

USO

Tensions between Israel and Iran have escalated, causing market volatility. Israel's war cabinet plans a forceful response to Iran, while the G7 considers sanctions against Iran's missile program. This geopolitical tension has led to a decline in stock markets, with the SPDR S&P 500 ETF Trust, iShares Russell 2000 ETF, and Invesco QQQ Trust experiencing losses. Conversely, the SPDR Gold Trust and iShares Silver Trust saw gains amid increased safe haven demand. The United States Oil Fund also rose slightly as oil prices surged above $85 a barrel.

Portfolio Pulse from Piero Cingari

April 15, 2024 | 7:30 pm

EIS

ISRA

SPY

USO

White House's Kirby clarified that Iran did not provide early warning to Israel regarding its intentions, which were aimed at causing significant destruction. Although messages were received from Iran, none included specifics on the timeframe, targets, or type of response. Kirby also noted that Israel is in a far stronger strategic position today.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 5:46 pm