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Security

CLX

Clorox Co (NYSE:CLX) is recovering from a cyberattack that had crippled its operations. The company's shares spiked after it announced that all manufacturing sites were operational again. Analyst Linda Bolton Weiser from DA Davidson upgraded the rating for Clorox from Neutral to Buy, while keeping the price target unchanged at $152. The earnings estimate for fiscal 2024 and 2025 have been reduced due to the cyberattack's impact.

Portfolio Pulse from Priya Nigam

October 02, 2023 | 2:47 pm

V

Visa (NYSE:V) has announced a strategic partnership with Expel, a security operations provider, to enhance its Value-Added Services offering in the Managed Detection and Response (MDR) segment. The partnership aims to help Visa's clients anticipate and protect against cyber threats. Expel's MDR capabilities will prioritize detections based on clients' key assets, reduce alert-to-response time, and stop threats from spreading. Initially, Visa will offer Expel's solution to its clients in the United States and Canada, with plans for a global rollout.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:03 pm

AMZN

Amazon.com Inc (NASDAQ:AMZN) mistakenly sent out email confirmations for gift card purchases to customers due to a system error. The emails, which confirmed purchases of Google Play, Mastercard, and Hotels.com gift cards, caused confusion and concern among customers, prompting a flurry of inquiries to Amazon's customer service. Amazon has clarified that the incident was a system error and is reaching out to affected customers to inform them of the error and apologize for any inconvenience caused.

Portfolio Pulse from Anusuya Lahiri

October 02, 2023 | 11:42 am

WKEY

Cybersecurity company WISeKey has signed a Strategic Partnership Agreement with WISeSAT, FOSSA Systems, and BA Lab to deliver a track & trace solution for the logistics industry. The partnership aims to revolutionize the way smart containers are monitored, ensuring trust and security throughout the supply chain.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 7:17 am

BA

ITA

LMT

Saudi Arabia is negotiating a defense pact with the U.S., which could reshape Middle East geopolitics. The pact may not provide robust defense guarantees but could mirror U.S. agreements with Asian states or the U.S.-Bahrain pact. The deal could make Saudi Arabia a major non-NATO ally, granting it access to advanced U.S. weaponry. The pact could align Saudi Arabia and Israel, and strengthen ties between Riyadh and Washington, D.C., against China's increasing influence in the region. The news had little impact on U.S. defense stock prices, with the iShares U.S. Aerospace & Defense ETF (NYSE:ITA), Boeing Co. (NYSE:BA), and Lockheed Martin Corp. (NYSE:LMT) showing minor changes.

Portfolio Pulse from Piero Cingari

September 29, 2023 | 3:25 pm

BTCUSD

Robert Kiyosaki, author of 'Rich Dad Poor Dad', expressed concerns about the potential introduction of a Central Bank Digital Currency (CBDC), suggesting it could erode privacy and increase surveillance. He suggested that traditional assets like gold, silver, Bitcoin, and cash could become invaluable in an era dominated by CBDCs. His comments were spurred by Citibank's announcement about implementing blockchain technology for instant cross-border transactions. The Federal Reserve acknowledges the potential advantages of CBDCs but has not yet unveiled concrete plans for its implementation.

Portfolio Pulse from Mehab Qureshi

September 29, 2023 | 9:59 am

BX

GS

MSFT

Anthony Viggiano, a former Goldman Sachs financial analyst, has been charged by the SEC with conducting insider trading using Microsoft's Xbox audio chat service. Viggiano allegedly generated over $400,000 in illicit gains through this scheme, trading insider secrets about upcoming deals. He worked for Goldman Sachs and Blackstone Inc.

Portfolio Pulse from Rounak Jain

September 29, 2023 | 8:54 am

AAPL

Cybersecurity research firm Kasada reported that bots were used to place thousands of pre-orders for the newly launched iPhone 15 models by Apple Inc. (NASDAQ:AAPL). These bots are linked to All-In-One (AIO) services known for scalping popular electronics. One AIO bot claimed to have secured nearly 2,500 iPhone 15 devices, fetching potential profits of approximately $750,000 for scalpers. Kasada warned that this could lead to increased operational costs and damage to brand reputation.

Portfolio Pulse from Benzinga Neuro

September 28, 2023 | 3:31 pm

JCI

Johnson Controls experienced a cybersecurity incident, which led to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 2:22 pm

AWRE

Aware, Inc. (NASDAQ:AWRE) has launched a formal partner program to provide greater clarity and transparency around its products, roadmap, and pricing. The program also offers incentives for current and future partners. The move comes as the market for biometric authentication is expected to double by 2025. The program will allow technology providers to leverage biometrics to differentiate their offerings and increase revenue streams.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:06 pm