The Pre-Market Rundown: March 28, 2024

Markets are set to open near the flatline Thursday as the major averages are tracking for their second consecutive winning quarter and fifth straight winning month. TikTok is taking its fight for survival to American TV’s. The social media company launched a $2.1 million advertising campaign with a message for Senators Block the House bill that would effectively ban the app here in the US, according to analytics company Ad Impact. TikTok plans to air the spots in Nevada, Montana, Wisconsin. Sylvania and Ohio, all five states, are represented by vulnerable Senate Democrats running for another term. People in New York, Massachusetts and Minnesota can also expect to see the ads. The White House laid out new requirements for federal use of artificial intelligence. Agencies that want to use AI will have to designate chief AI officers and establish governance boards within two months. The Biden administration will also require them to establish safeguards for the use of the emerging technology. And public annual reports on how they’re managing AI risk. And Johnson and Johnson will get another chance to challenge the scientific evidence linking its talk products to ovarian cancer. A New Jersey judge said recent changes in the law and new evidence require a fresh review of the previous science. The judge’s decision could potentially disrupt more than 53,000 lawsuits and that J&J is currently facing over the products. For CNBC Business News, I’m Silvana Hanau.