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Security

VSTO

MNC Capital has proposed to acquire Vista Outdoor Inc. (VSTO) for $35.00 per share in cash, offering a substantial premium over its current share price. This proposal is presented as superior to Vista's current plans to sell its Sporting Products division to CZECHOSLOVAK GROUP a.s. and to spin off its Outdoor Products division into a public company, Revelyst, Inc. MNC's offer aims to keep the Sporting Products business under U.S. ownership, emphasizing its national security importance and proposing a quicker, all-cash transaction without regulatory or CFIUS review concerns.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 2:44 pm

AAPL

META

A U.S. court has ordered NSO Group to share its Pegasus spyware code with WhatsApp, owned by Meta Platforms Inc. (NASDAQ:META), marking a significant victory for WhatsApp in its lawsuit against NSO for spying on users. This development is part of ongoing legal battles involving NSO's Pegasus spyware, including a lawsuit by Apple Inc. (NASDAQ:AAPL) accusing NSO of infiltrating iPhones.

Portfolio Pulse from Rounak Jain

March 01, 2024 | 1:22 pm

AMZN

WMT

A Consumer Reports investigation found significant security vulnerabilities in video doorbells sold by Amazon.com Inc. (NASDAQ:AMZN) and Walmart Inc. (NYSE:WMT), including susceptibility to hacking. Despite these risks, Amazon continues to feature one of the vulnerable doorbells as 'Amazon's Choice'. Walmart has taken steps to remove these doorbells from its marketplace and offer refunds. The situation highlights concerns about the security of smart home devices and the responsibility of retailers to ensure product safety.

Portfolio Pulse from Ananya Gairola

March 01, 2024 | 8:25 am

BA

Boeing Co. (NYSE:BA) has agreed to a $51 million settlement with the U.S. State Department for unauthorized exports of technical data to China and Russia, violating the Arms Export Control Act and International Traffic in Arms Regulations. The violations, occurring between 2013 and 2017, were disclosed by Boeing between 2017 and 2022. The settlement includes a two-year oversight by a special compliance officer and a $24 million suspension of the penalty if used to enhance Boeing's compliance program. This follows other regulatory challenges for Boeing, including a grounding order for some 737 Max 9 jets.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 3:30 am

EIS

SPY

Senate Minority Leader McConnell criticized the blaming of Israel for its operations in hospitals and schools to free hostages and kill terrorists, stating it excuses Hamas for violating war laws by militarizing civilian infrastructure.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 4:51 pm

USO

The leader of Yemen's Houthis has announced plans to introduce military 'surprises' in their Red Sea operations, targeting their 'enemies' in ways that are unexpected. This development could have implications for regional security and potentially affect global oil shipping routes through the Red Sea.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 2:46 pm

ASNS

Actelis Networks, Inc. (ASNS) has successfully obtained NIST certification for its data cyber security solutions, marking a significant achievement in the company's commitment to providing secure communication technologies.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:57 pm

RDWR

Radware reported a significant increase of 171% in malicious web application and API transactions for FY24, primarily driven by Layer 7 Web DDoS attacks. This highlights a growing threat in cybersecurity, emphasizing the importance of advanced protection measures.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:20 am

MIELF

MIELY

Mitsubishi Electric has signed an agreement with Dispel to enhance its operational technology security business by integrating its factory-automation equipment and OT security solutions with Dispel's secure remote-access technology. This collaboration aims to provide a Zero Trust Remote Access Service for manufacturing facilities, facilitating digital manufacturing and strengthening Mitsubishi Electric's Circular Digital-Engineering business.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 8:36 am

NTDOY

Nintendo ADR (OTC:NTDOY) has filed a lawsuit against Tropic Haze, the developers of the Yuzu emulator, for facilitating over one million illegal downloads of 'The Legend of Zelda: Tears of the Kingdom' before its release. The suit, filed in Rhode Island, accuses Tropic Haze of violating the Digital Millennium Copyright Act by enabling users to decrypt and play Nintendo Switch games without purchase. Nintendo seeks control of Yuzu's domain, financial damages, and $150,000 for each copyrighted work infringed. The lawsuit also highlights Yuzu's Patreon earnings from bypassing Nintendo's anti-piracy measures.

Portfolio Pulse from Franca Quarneti

February 28, 2024 | 9:46 pm