Streetbeat News

Security

UNH

The Centers for Medicare and Medicaid Services (CMS) will end the advance payments program initiated after a cyberattack on UnitedHealth Group's Change Healthcare unit. The program, which provided over $3.2 billion in accelerated and advance payments to Medicare providers and suppliers, will stop accepting new applications after July 12. CMS has recovered over 96% of these payments, and providers are now billing Medicare successfully. UnitedHealth has provided over $6 billion in support to care providers affected by the cyberattack.

Portfolio Pulse from Vandana Singh

June 18, 2024 | 2:52 pm

FXI

SPY

Senate Intelligence Committee Chair Warner emphasized the need for U.S. agencies to improve their monitoring of Chinese technology and other efforts. This statement highlights growing concerns over national security and technological competition between the U.S. and China.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:31 pm

NVO

Novo Nordisk has confirmed a fire in a rented building in Bagsvaerd, which is now under control. The company provided comments in an emailed statement to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:20 pm

AMD

AMD shares are trading lower following reports of a data breach.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:04 pm

AMD

Advanced Micro Devices, Inc. (AMD) has reportedly been breached by IntelBroker, a hacker from Breach Forums. The breach allegedly resulted in the theft of sensitive information, including employee and customer databases, financial information, and future product plans. AMD has not yet confirmed the breach.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 1:45 pm

MSFT

A new security flaw in Microsoft Windows allows hackers to infect PCs via Wi-Fi, posing a significant threat. The flaw, CVE-2024-30078, has a CVSS score of 8.8 and affects all Windows versions. Microsoft has patched the flaw but warns of potential exploits. The company faces scrutiny over its security measures.

Portfolio Pulse from Rounak Jain

June 18, 2024 | 12:41 pm

META

SNAP

A new GOP-led bill, the Take It Down Act, aims to hold social media platforms like Meta's Facebook, Instagram, and Elon Musk's X accountable for removing deepfake pornographic images within 48 hours of a valid request. The bill, sponsored by Sen. Ted Cruz, seeks to protect victims by mandating the removal of such images and any copies. The Federal Trade Commission will enforce these rules.

Portfolio Pulse from Benzinga Neuro

June 18, 2024 | 12:12 pm

AVO

EWW

SPY

The U.S. government has temporarily suspended avocado imports from Mexico's Michoacan state due to a security incident. This decision could impact companies and ETFs related to avocado imports and the broader market.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 9:59 pm

CHNG

UNH

The Centers for Medicare & Medicaid Services (CMS) is preparing to close a program that addressed Medicare funding issues resulting from a cyber-attack on Change Healthcare. Payments under the Accelerated and Advance Payment Program for Change Healthcare/Optum payment disruption will conclude on July 12. After this date, CMS will no longer accept new applications for accelerated or advance payments under this program.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 8:19 pm

TMUS

Deutsche Telekom, the parent company of T-Mobile, announced plans to enter Bitcoin mining. This move could significantly impact the industry, although details about the scale and location of the mining operations are still unclear. The Bitcoin mining community views this as a positive development for Bitcoin's security, but there are concerns about increased competition. T-Mobile has faced legal issues related to customer security breaches in the past, raising questions about its ability to navigate Bitcoin mining complexities.

Portfolio Pulse from Murtuza Merchant

June 17, 2024 | 7:16 pm