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MSFT

Sam Altman's unexpected departure as CEO of OpenAI has led investors to consider legal action against the board. Concerns about the AI startup's future and potential financial losses are heightened by talks of employee resignations. Microsoft (NASDAQ:MSFT), owning a 49% stake in OpenAI, has inducted Altman and another ousted executive into its AI research team after the board's refusal to reinstate them.

Portfolio Pulse from Ananya Gairola

November 21, 2023 | 1:27 am

AAPL

PYPL

SQ

Apple is facing a proposed class action lawsuit from users of Venmo and Cash App, alleging antitrust violations. The suit claims Apple is misusing its market power to stifle competition in mobile peer-to-peer payments, causing inflated prices. Plaintiffs seek to stop Apple's anti-competitive agreements and suggest divesting its Apple Cash business. This lawsuit adds to other legal challenges Apple faces, including one regarding Apple Pay and another from Epic Games over in-app payment processing.

Portfolio Pulse from Khyathi Dalal

November 21, 2023 | 12:44 am

DKNG

FOX

FOXA

Betting odds for the 2024 Presidential Election show Donald Trump as the favorite, with Joe Biden close behind. Gavin Newsom, not officially running, ranks third. Nikki Haley's odds have improved significantly, while Vivek Ramaswamy's odds have dropped. Ron DeSantis's odds remain steady but lower than previous highs. DraftKings Inc (NASDAQ:DKNG) offers political betting in Ontario, and its CEO hopes to expand such betting to the U.S. Fox Corporation (NASDAQ:FOX, NASDAQ:FOXA) will host a debate between Newsom and DeSantis. The betting odds and candidate rankings could influence public perception and campaign strategies as the election approaches.

Portfolio Pulse from Chris Katje

November 20, 2023 | 11:56 pm

ARKK

Cannabis ETFs in Europe are shutting down, with Rize Medical Cannabis and Life Sciences UCITS ETF (FLWR) set to close on Dec. 12th after being acquired by Cathie Wood's ARK Innovation ETF (ARKK) in September. The closure is deemed in the best interest of investors. Another ETF, Medical Cannabis and Wellness UCITS ETF (CBDZ), is merging into HAN-GINS Indxx Healthcare Megatrend Equal-Weight UCITS ETF (WELL). In the Czech Republic, a draft bill proposes strict rules on CBD and kratom products. In the UK, MPs are urged to improve access to medical marijuana through the NHS. Ireland is progressing a bill to legalize weed for personal use, and Germany has postponed the final reading of its cannabis legalization bill.

Portfolio Pulse from Nina Zdinjak

November 20, 2023 | 11:49 pm

ICCT

iCoreConnect reported a Q3 EPS loss of $(0.54), a significant decrease from the $(0.24) loss per share in the same quarter last year. However, sales increased to $2.00M, up 6.15% from $1.89M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 10:43 pm

ITCL

Banco Itaú Chile has announced the effectiveness of its voluntary delisting of American Depositary Shares (ADSs) from the New York Stock Exchange (NYSE).

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 10:20 pm

POL

Polished.com reported a Q3 EPS of $(3.14), a decrease from $(2.46) year-over-year. Net product sales also fell to $77.8M from $143.6M in the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 10:19 pm

AMZN

NTDOY

Amazon.com, Inc. (NASDAQ:AMZN) is offering a 10% discount on Nintendo Switch Online memberships for Black Friday. The deal reduces the price of 1-year Individual and Family memberships. Nintendo ADR (OTC:NTDOY) rarely discounts its memberships, making this a significant offer. The subscription provides access to online features, classic games, eShop deals, cloud saving, and the NSO mobile app. An alternative buying strategy involves purchasing discounted eShop gift cards to use later for memberships or games.

Portfolio Pulse from Franca Quarneti

November 20, 2023 | 10:14 pm

LRHC

La Rosa Holdings (NASDAQ:LRHC) reported a narrower Q3 loss of $(0.06) per share compared to $(0.12) per share in the same quarter last year. Sales increased by 10.78% to $6.79M from $6.13M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 10:13 pm

BRBR

BellRing Brands forecasts its FY24 net sales to be between $1.83B and $1.91B, representing a year-over-year increase of 10% to 15%. This projection is in line with the consensus estimate of $1.86B.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 10:10 pm