Streetbeat News

Security

GILD

JNJ

Gilead Sciences Inc (NASDAQ:GILD) is taking legal action against drug counterfeiting, filing a lawsuit against 161 defendants, including pharmacies and distributors, for tampering with medications like Biktarvy and Descovy. Counterfeit drugs are a significant global issue, with the U.S. seeing a 17% increase in cases in 2022. Johnson & Johnson (NYSE:JNJ) has also initiated similar lawsuits. Gilead's legal efforts have led to a settlement with ProPharma Distribution for $3.3 million, while others, like Safe Chain Solutions, deny the allegations. GILD shares rose by 1.02% to $79.83.

Portfolio Pulse from Vandana Singh

December 11, 2023 | 5:11 pm

KSCP

Knightscope, Inc. (NASDAQ:KSCP) has deployed its first autonomous security robot, nicknamed 'Rob,' at U.S. Bancorp Tower in downtown Portland. Rob enhances security with features like 4K video surveillance, thermal imaging, two-way intercom, and license plate recognition. Unico Properties LLC, the operator of the tower, aims to provide top-tier security for tenants and visitors. Knightscope's technologies have historically led to reduced crime and increased arrests, adding to the safety of the building.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:42 pm

GRRR

Gorilla Technology Group Inc. (GRRR) announced a collaboration with Red Hat to enhance Smart Government Security Convergence solutions using Red Hat OpenShift Virtualization and Red Hat Enterprise Linux. This partnership aims to provide robust cloud infrastructure to help government agencies defend against cyber threats, improve operational efficiencies, and reduce costs. The solutions offer virtualization, cloud integration, and containerized security features to bolster cybersecurity resilience.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:41 pm

BKYI

BIO-key International, Inc. has partnered with Ping Identity to include its biometric authentication technology in the Ping Identity Integration Directory. This collaboration allows Ping customers to use BIO-key's technology with the PingOne Cloud Platform, enhancing security and user experience. The integration is part of Ping Identity's Global Technology Partner Program, aiming to improve digital customer experiences without compromising security. BIO-key's Identity-Bound Biometrics offer passwordless authentication, contributing to a more secure and frictionless digital environment.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:00 pm

BTCUSD

HTX exchange experienced a $258 million net outflow after resuming operations post a significant hack. The exchange, linked to Justin Sun, had a $30 million loss in crypto tokens due to the security breach. Sun has promised full reimbursement to affected users and an ongoing investigation. Despite the outflow, HTX remains the 16th largest crypto exchange by daily trade volume. Bitcoin's price has fallen 3.71% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

December 11, 2023 | 7:43 am

TENB

Tenable's Vulnerability Management and Web App Scanning solutions have been assessed at a 'PROTECTED' level by Australia's IRAP, affirming their security controls and compliance with high cybersecurity standards. This endorsement may boost confidence among government agencies, especially those moving to cloud-based systems.

Portfolio Pulse from Charles Gross

December 10, 2023 | 9:15 pm

BTC-USD

GLD

Robert Kiyosaki, author of 'Rich Dad Poor Dad,' warned of the U.S.'s worsening financial situation due to a significant increase in national debt, which rose by $240 billion in November 2023. The total debt reached $33.878 trillion, up $2.46 trillion from the previous year. Kiyosaki criticized the government's money printing policies, predicting persistent inflation and economic mismanagement. He advocated for gold and Bitcoin as hedges against currency devaluation.

Portfolio Pulse from Bibhu Pattnaik

December 09, 2023 | 6:02 pm

FXI

SPY

The White House has expressed hope that military-to-military contacts between the U.S. and China can resume soon. This statement comes amid heightened tensions between the two countries, and such contacts could be crucial in managing diplomatic relations and avoiding misunderstandings.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 7:05 pm

ETHUSD

Ethereum developers are preparing for the Dencun fork of the Goerli testnet, set for January 2024. The fork aims to improve scalability, security, and usability of the Ethereum network. The All Core Devs Execution (ACDE) meeting confirmed teams are ready for the testnet fork test. A Goerli shadow network fork will occur in the coming weeks to gather data and optimize the Dencun fork. This represents a significant step in Ethereum's continuous development and commitment to innovation.

Portfolio Pulse from Murtuza Merchant

December 08, 2023 | 7:01 pm

BLUE

Bluebird Bio has issued a boxed warning for LYFGENIA, indicating that hematologic malignancy has occurred in patients treated with the drug. Patients are advised to monitor for evidence of malignancy with complete blood counts every 6 months and through integration site analysis.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:45 pm