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MAX

MediaAlpha shares are trading lower following a short report from Wolfpack Research.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 2:00 pm

MAX

Wolfpack Research has issued a report on MediaAlpha, alleging that the company is involved in consumer fraud. The report could have significant implications for MediaAlpha's stock price.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 1:57 pm

MASI

Masimo Corporation (NASDAQ:MASI) has successfully secured the dismissal of a patent infringement lawsuit filed by Wrist SP Biotech. This victory, achieved by Knobbe Martens, adds to a series of successful legal outcomes for Masimo.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 1:06 pm

BA

ITA

PPA

Boeing Co (NYSE:BA) risks potential criminal charges as U.S. prosecutors reportedly recommend legal action against the company for allegedly breaching a 2021 deferred prosecution agreement following two fatal 737 MAX crashes. The Justice Department has until July 7 to decide on prosecuting Boeing, which could result in significant penalties. Boeing has denied any wrongdoing, but discussions with the Justice Department are ongoing. The stock has lost more than 14% in the last 12 months. Investors can gain exposure to Boeing via IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Invesco Aerospace & Defense ETF (NYSE:PPA).

Portfolio Pulse from Shivani Kumaresan

June 24, 2024 | 10:47 am

TSLA

Elon Musk has called for legal reform on class action lawsuits, arguing that they often do not represent shareholders and primarily benefit law firms. This comes in light of a lawsuit that led to the revocation of his 2018 pay package, which was recently re-approved by Tesla shareholders.

Portfolio Pulse from Anan Ashraf

June 24, 2024 | 10:44 am

UA

Under Armour (NYSE:UA) has agreed to settle a securities class action lawsuit for $434 million, covering claims from shareholders between 2015 and 2019. The company will use cash on hand or its credit facility to pay the settlement, which will be reflected in its fiscal 2025 financials. Under Armour denies any wrongdoing but aims to avoid litigation costs and distractions.

Portfolio Pulse from Lekha Gupta

June 24, 2024 | 10:26 am

AAPL

AMZN

GOOG

GOOGL

MSFT

Apple Inc. (NASDAQ:AAPL) is facing an EU antitrust probe for allegedly violating the Digital Markets Act, which could result in a fine of up to 10% of its global revenue. The investigation is part of broader regulatory scrutiny on major U.S. tech companies in Europe.

Portfolio Pulse from Benzinga Neuro

June 24, 2024 | 10:20 am

AAPL

VGK

The European Commission has found that Apple's App Store rules breach the Digital Markets Act by restricting developers from steering consumers to alternative channels. This decision could have significant implications for Apple's business practices in Europe.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 9:11 am

TSLA

Gary Black, Managing Partner at Future Fund, criticized Delaware judges for overstepping their roles in a Tesla Inc. (NASDAQ:TSLA) case involving Elon Musk's $56 billion pay package. The Delaware General Assembly passed Senate Bill 313 to restrain judicial activism, reflecting ongoing tensions between the judiciary and legislative bodies.

Portfolio Pulse from Benzinga Neuro

June 24, 2024 | 4:41 am

BTCUSD

COIN

The Winklevoss twins donated Bitcoin exceeding the legal limit to Trump's presidential campaign, resulting in a refund. The twins, who manage Winklevoss Capital Management and operate the Gemini crypto exchange, are known for their pro-Bitcoin stance. Trump is actively courting the crypto industry for his 2024 campaign.

Portfolio Pulse from Bibhu Pattnaik

June 22, 2024 | 7:09 pm