The Justice Department has accused Russia of attempting to influence the 2024 presidential election, with allegations of disinformation campaigns and financial schemes. Republicans are skeptical of the claims, citing past controversies, while the DOJ emphasizes the seriousness of the situation. The alleged efforts include targeting specific groups with messages aimed at sowing discord and promoting pro-Russian narratives.
Jim Cramer, host of CNBC’s ‘Mad Money,’ advises investors not to panic sell Nvidia stock despite the recent DOJ antitrust investigation. While acknowledging potential for further decline, Cramer emphasizes that Nvidia has faced similar scrutiny before and urges investors to review past instances. He cautions against selling based solely on the subpoena, highlighting the company’s strong long-term prospects driven by its AI capabilities.
Gary Santo, CEO of RX Green Technologies, offers a realistic perspective on cannabis rescheduling, urging caution despite recent positive developments. He believes the process will be lengthy, requiring alignment between the DOJ and DEA, and warns that the impact on the industry might not be as immediate or drastic as many hope.
The proposed merger between Alaska Airlines and Hawaiian Airlines remains uncertain as the Department of Justice (DOJ) concludes its review period. While the airlines await the DOJ’s decision, there are concerns about the potential impact on overlapping routes and competition. The DOJ and Department of Transportation are expected to continue their assessment, focusing on routes where the merger could reduce service from two carriers to one.
Gene Munster, managing partner of Deepwater Asset Management, believes a potential breakup of Alphabet Inc. (Google) could lead to a 20% value increase for the company. He suggests that separating Google’s ad network, which has been on a decline, could be the key to unlocking this value. While the probability of Google voluntarily breaking up is low, analysts and investors are increasingly discussing the potential benefits of such a move, particularly in light of the DOJ’s ongoing investigation into Google’s search dominance.
The Justice Department (DOJ) has revealed the existence of 117 pages of transcripts from conversations between President Joe Biden and his ghostwriter, Mark Zwonitzer, concerning classified documents. These transcripts were discovered during a probe into Biden’s handling of classified documents before taking office and were highlighted by the Oversight Project, a conservative watchdog group, in a lawsuit against the DOJ. The Oversight Project is seeking transparency regarding Biden’s competency and the DOJ’s handling of the investigation.
The U.S. Department of Justice is reportedly considering breaking up Google after a recent antitrust ruling against Alphabet. The potential breakup could involve divesting Android and Chrome, marking a significant move against tech giants since the Microsoft antitrust case in the late 90s. The DOJ is also exploring less drastic options, but the focus on Google’s dominance in search and advertising is clear.
