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DWAC

Two brothers, Michael and Gerald Shvartsman, have pleaded guilty to securities fraud involving insider trading with information about the merger between Digital World Acquisition Corp. (DWAC) and Trump Media & Technology Group, the parent company of Truth Social. This insider trading scheme, which allowed them to profit illegally from nonpublic information about the merger, carries a maximum sentence of 20 years in prison. The scandal has added to the challenges facing the SPAC merger, which has also seen Trump Media & Technology Group's stock under pressure due to significant losses and legal disputes.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 1:45 am

AAPL

AMD

NVDA

TSM

Gene Munster, a tech analyst, highlighted the potential impact of a recent earthquake in Taiwan on AI development due to production challenges at Taiwan Semiconductor Manufacturing Co. (TSMC). The 7.2-magnitude earthquake forced TSMC to halt chip production temporarily, raising concerns about the future of AI as TSMC is a crucial supplier for major companies like Apple, Nvidia, and AMD. Munster's comments draw attention to the vulnerability of AI's development to geopolitical tensions and the importance of diversifying chip manufacturing locations.

Portfolio Pulse from Sudhanshu Singh

April 04, 2024 | 1:26 am

STKH

Trading for STKH was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 11:50 pm

LINK

TIA

Renowned crypto analyst Michaël van de Poppe shared his top 10 altcoin picks, highlighting buying opportunities amid a market dip. He emphasized the potential for gains despite a Bitcoin correction, noting altcoins like Chainlink and Celestia as top opportunities. Other promising altcoins include Arbitrum, Polkadot, Cosmos, DYDX, WooNetwork, Sei, Skale Network, and Covalent.

Portfolio Pulse from Khyathi Dalal

April 03, 2024 | 11:13 pm

TTWO

Take-Two Interactive Software Inc's Rockstar Games announced plans to expand its 'Games Included With GTA+' library by adding Bully and LA Noire in 2024. The update hints at more classic titles being added in the future. Bully, a 2006 release, and LA Noire, a 2011 release, are set to join the collection. Additionally, a 'big' GTA Online update is expected this summer, introducing a new supercar and offering GTA+ Members a monthly bonus of GTA$1,000,000 from April through August. The anticipation for GTA 6, slated for release in 2025, continues to grow.

Portfolio Pulse from Franca Quarneti

April 03, 2024 | 10:06 pm

PALI

Palisade Bio announced a 1-for-15 reverse stock split effective April 8, 2024, to increase its per share price and comply with Nasdaq's minimum share price listing requirement. The stock will trade under the symbol 'PALI' with a new CUSIP number.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 9:32 pm

ARB

MATIC

SOL

STX

A CoinGecko report highlights meme coins as the most profitable crypto narrative in Q1 2024, with a 1312.6% average price increase. New tokens like BRETT and BOME saw significant gains, while AI and DeFi narratives also experienced growth. Established Layer 2 solutions like Arbitrum, Polygon, and Optimism underperformed against newcomers Stacks and Mantle.

Portfolio Pulse from Murtuza Merchant

April 03, 2024 | 9:31 pm

ALL

Allstate (NYSE:ALL) has delivered an average annual return of 11.99% over the past 10 years, outperforming the market by 1.12% on an annualized basis. With a current market capitalization of $45.74 billion, a $100 investment in ALL 10 years ago would be worth $311.07 today.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 9:30 pm

CTSH

Cognizant Tech Solns (NASDAQ:CTSH) has delivered an average annual return of 13.34% over the past 20 years, turning a $100 investment into $1,224.11 today. The company's market capitalization stands at $35.76 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 9:30 pm

RKT

UWMC

Hunterbrook Media, a hedge fund and news organization, released a short report on UWM Holdings Corp (UWMC), alleging unfair practices and encouraging a class action lawsuit. Hunterbrook disclosed a short position in UWMC and a long position in Rocket Companies Inc (RKT). UWM responded, questioning Hunterbrook's practices and the report's validity, suggesting potential market manipulation. Despite the controversy, UWMC shares rose 1.67%.

Portfolio Pulse from Aaron Bry

April 03, 2024 | 9:17 pm