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Security

AAPL

Former Apple Inc. engineer, Zhang Xiaolang, has been sentenced to four months in prison for stealing trade secrets related to autonomous vehicle technology, intended for a Chinese electric car startup. The case underscores the seriousness of trade secret theft in the tech industry, with similar legal actions noted against individuals at Tesla and Waymo.

Portfolio Pulse from Ananya Gairola

February 14, 2024 | 3:55 am

SSTI

Chicago announced it will not renew its $49M contract with SoundThinking for the ShotSpotter gunshot detection system, citing concerns over inaccuracy, racial bias, and misuse by law enforcement. The system, criticized by an AP investigation and community groups, will be phased out by late September. Mayor Brandon Johnson, fulfilling a campaign promise, aims to focus on strategies that effectively reduce violent crime and build trust within the community. Violent crime in Chicago has seen a 30% drop in homicides at the start of 2024.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:30 pm

CSX

CSX Corp has announced temporary rerouting of trains and service adjustments due to a ten-car derailment in Morgan County, West Virginia, on February 12. There were no injuries, and no hazardous materials were spilled.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 3:21 pm

AAPL

NVDA

TSLA

Bitcoin, Ethereum, and Dogecoin rally, with Bitcoin surpassing $50K and predictions of reaching $130K. Stellantis adopts Tesla's charging standard, NACS. Various tech and EV companies face challenges and developments, including Apple, Nvidia, and Tesla. Financial markets anticipate inflation data, and geopolitical tensions are highlighted. In the crypto space, significant investments and activities are noted, alongside regulatory and market movements.

Portfolio Pulse from Akanksha Bakshi

February 13, 2024 | 2:21 pm

EEFT

Euronet (NASDAQ:EEFT) has acquired Infinitium, a Singapore-based digital payments and risk management services provider. Infinitium's products, including 3D Secure for reducing online transaction fraud, will be integrated into Euronet's Ren payments platform. This acquisition aims to enhance protection against consumer fraud and merchant chargebacks in online transactions. Infinitium serves major banks and merchants across Asia, and its technology is expected to expand Euronet's market opportunity significantly.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:13 pm

OTEX

OpenText (NASDAQ:OTEX) has joined the Joint Cyber Defense Collaborative (JCDC), a U.S. Government cybersecurity initiative led by the Cybersecurity and Infrastructure Security Agency (CISA). This partnership aims to enhance the cybersecurity resilience of the U.S. government and its allies by leveraging OpenText's threat intelligence capabilities, including its BrightCloud threat intelligence telemetry, cyDNA for early threat detection, and Debricked solution for securing software supply chains. OpenText's involvement is expected to provide valuable insights into threat actor behaviors, improve situational awareness, and support CISA analysts and global cyber defenders.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:10 pm

LAES

SEALSQ

SEALSQ has expanded its partnership with LEGIC to provide components for an authentication and access management platform. LEGIC's platform supports secure, contactless interactions for various applications including access control, resource sharing, supply chain security, smart city applications, and ePayment services.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:06 pm

ERIC

The Swedish Civil Contingencies Agency (MSB) has selected Ericsson (NASDAQ:ERIC) to supply a 5G core network for Rakel G2, Sweden's critical communications network for public safety and emergency services. This network will support police, fire brigades, emergency medical services, and military organizations by enabling secure and fast sharing of voice, data, images, and video, enhancing situational awareness and collaboration.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 7:27 am

TSLA

The National Transportation Safety Board (NTSB) has publicly disassociated itself from advertisements aired during the Super Bowl, which called for a boycott of Tesla Inc (NASDAQ:TSLA) over safety concerns with its self-driving software. The NTSB criticized The Dawn Project, responsible for the ads, for unlawfully using its seal and implying endorsement. The Dawn Project, led by Dan O'Dowd, aims to highlight the risks of Tesla's self-driving technology.

Portfolio Pulse from Anan Ashraf

February 13, 2024 | 3:55 am

PARA

PDD

Temu, owned by PDD Holdings Inc (NASDAQ:PDD), aired its 'Shop Like a Billionaire' commercial multiple times during Super Bowl LVIII, drawing both attention and criticism. The ad, criticized for its repetitiveness and ties to China, still led to increased searches and app downloads for Temu. Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA), which aired the Super Bowl, benefits from rising ad rates. Despite backlash, Temu's app downloads surged, mirroring last year's post-Super Bowl boost. PDD Holdings' stock rose 3% following the event.

Portfolio Pulse from Chris Katje

February 12, 2024 | 11:50 pm