Streetbeat News

Security

ME

23andMe Holding Co. (NASDAQ:ME) is being sued in a class action lawsuit for failing to protect the privacy of nearly 7 million customers in a data breach. The breach, which lasted from April to September 2023, specifically targeted customers with Chinese and Ashkenazi Jewish heritage. Personal information, including names, addresses, and birth dates, was sold on the dark web. The breach was disclosed after a hacker posted customer data on a subreddit. The lawsuit raises concerns about the potential misuse of the data amid rising antisemitism.

Portfolio Pulse from Nabaparna Bhattacharya

January 27, 2024 | 8:16 pm

CMPS

GHRS

IXHL

PSIL

A new study suggests suggestibility plays a role in the antidepressant effects of psilocybin therapy. The EU has allocated $7M for psychedelic research for various disorders. In Australia, the first psychedelic-assisted medical treatments in 50 years were provided. Incannex Healthcare's CEO discussed the company's role in psychedelic-assisted therapies on the Benzinga Psychedelics Podcast. Psychedelics stocks showed varied performance, with COMPASS Pathways, GH Research, and Incannex Healthcare closing higher, while others like Seelos Therapeutics and Enveric Biosciences closed lower. The AdvisorShares Psychedelics ETF (PSIL) closed at $1.43.

Portfolio Pulse from Lara Goldstein

January 27, 2024 | 3:00 pm

MSFT

Microsoft CEO Satya Nadella has committed to taking swift action against the spread of non-consensual explicit deepfake images, such as the recent AI-generated fake nude images of Taylor Swift. Microsoft, a major investor in OpenAI, is investigating the incident and has emphasized the importance of creating a safe digital environment. The company has updated its Code of Conduct and strengthened content safety filters to prevent misuse of its services.

Portfolio Pulse from Ananya Gairola

January 27, 2024 | 10:26 am

USO

A Trafigura-operated oil tanker caught fire after a Houthi strike near Yemen, according to Bloomberg. The incident could potentially disrupt oil shipments in the region, raising concerns over supply security. The United States Oil Fund (USO), an ETF that tracks the price of oil, may be affected by this event due to potential impacts on oil prices.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 8:20 pm

USO

Yemen's Houthi group has claimed responsibility for an operation targeting the British oil tanker Marlin Luanda in the Gulf of Aden, according to Reuters. The incident could potentially affect oil supply routes and market perceptions of risk in the region.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 7:05 pm

SPY

U.S. Commerce Secretary Raimondo has expressed concerns about China or non-state actors potentially using U.S. cloud services for AI model training. She emphasized that U.S. computing companies should be responsible for identifying their customers, especially those training large AI models.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 6:45 pm

SPY

Commerce Secretary Raimondo announced that the U.S. will propose rules for cloud companies regarding reporting requirements. The rule focuses on identifying users of U.S. cloud services for AI model training.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 6:45 pm

CCL

CUK

Carnival Corporation has indicated that the instability in the Red Sea region, which is affecting shipping routes, could potentially impact the company's operational results. Additionally, Carnival estimates that the environmental regulations set for 2024 will have an approximate financial impact of $51 million on its operations.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:18 pm

EIS

The U.S. State Department has temporarily halted additional funding for the United Nations Relief and Works Agency (UNRWA) while it investigates claims of UNRWA employee involvement in an October 7 attack on Israel. The State Department is also reviewing the actions taken by the United Nations in response to the incident.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:03 pm