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NEO

NTRA

Natera, Inc. (NASDAQ:NTRA) has filed a patent infringement lawsuit against NeoGenomics Labs, Inc. for infringement of Natera's U.S. Patent Nos. 11,519,035 and 11,530,454 by NeoGenomics' RaDaR molecular residual disease assay. This follows a recent jury verdict in favor of Natera in a similar patent infringement suit against ArcherDX/Invitae Corp.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 5:40 pm

JNJ

A US judge has rejected Johnson & Johnson's (JNJ) second attempt to address talc-related lawsuits through bankruptcy, putting a proposed $8.9 billion settlement at risk. The judge ruled that J&J's subsidiary, LTL Management, did not demonstrate immediate financial distress due to the lawsuits. JNJ shares are down 3.87% at $167.71.

Portfolio Pulse from Vandana Singh

July 31, 2023 | 4:27 pm

JNJ

Johnson & Johnson's Chapter 11 filing for LTL Management has been rejected by a federal judge, causing the company's shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 4:23 pm

JNJ

Johnson & Johnson's (JNJ) second attempt to put its talc liabilities into bankruptcy was dismissed by a federal judge. The company faces around 38,000 lawsuits claiming that its talc-based powder caused cancer. The judge ruled that J&J's subsidiary, LTL Management, isn't in financial distress and thus isn't eligible for legal protection from its creditors. J&J has vowed to appeal the ruling and continue to fight the claims in court.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 4:21 pm

SPY

Senators Bernie Sanders, Elizabeth Warren, Ed Markey, and Jeff Merkley have urged Attorney General Garland to sue the fossil fuel industry for misleading consumers. The senators believe the industry has been conducting a long-term campaign of misinformation.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 3:30 pm

SEAS

The SEC filed a complaint against SeaWorld Entertainment and James Atchison for making misleading statements about the impact of the documentary film Blackfish on the company's business. The defendants allegedly failed to disclose the 'Blackfish effect' to investors, leading to inflated stock prices. The SEC also filed a complaint against Frederick D. Jacobs for making an untrue statement before selling his SeaWorld stock. The defendants have consented to final judgments imposing a total of approximately $5.1 million in financial remedies. A Fair Fund has been established for the distribution of these funds to harmed investors.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 1:35 pm

GOOG

GOOGL

The Italian Competition Authority has concluded its investigation into Alphabet Inc's Google for alleged abuse of dominance, accepting Google's proposed commitments to enhance data portability. Google's alleged abusive conduct involved obstacles to data sharing interoperability with other platforms. The company has proposed three commitments to address these concerns, including supplementary solutions to its Takeout service and a new solution for direct data portability. In 2022, Google faced a €4.3 billion fine from the EU's top court for abusing its influence.

Portfolio Pulse from Anusuya Lahiri

July 31, 2023 | 1:27 pm

BTCUSD

COIN

ETHUSD

WDC

WMT

The Fear & Greed Index remains in the 'Extreme Greed' zone after the Dow records 3 weeks of gains. Stocks to watch include ON Semiconductor and Western Digital. The SEC reportedly wanted Coinbase to delist all but Bitcoin. Elon Musk hints at Dogecoin payments on his platform. Ethereum celebrates its 8th anniversary. In politics, a Republican congressman faces charges in a crypto scam. In the economy, the impact of inflation on jobs is discussed. In the EV sector, an Uber backup driver admits guilt in an autonomous car death. In communication, Elon Musk's X could soon silence replies from blocked users. In the industrial sector, AerCap is likely to post higher Q2 earnings. In the consumer sector, Walmart buys out Tiger Global's stake in India's Flipkart.

Portfolio Pulse from Akanksha Bakshi

July 31, 2023 | 12:32 pm

UBER

Rafaela Vasquez, the backup driver of an Uber self-driving vehicle involved in a fatal collision in 2018, has pled guilty to endangerment. The case marked the first fatality with a fully autonomous car. The incident led Uber to withdraw self-driving cars from Arizona and sell its self-driving unit to Aurora Innovation in 2020. In May 2023, Waymo announced a partnership with Uber to allow users to hail an autonomous Waymo ride via the Uber app in Phoenix.

Portfolio Pulse from Anan Ashraf

July 31, 2023 | 8:26 am

BTCUSD

COIN

ETHUSD

The Securities and Exchange Commission (SEC) reportedly instructed Coinbase (NASDAQ:COIN) to halt trading on all cryptocurrencies except Bitcoin (CRYPTO: BTC). The SEC identified 13 tokens as securities and recommended delisting over 200 tokens offered by the exchange. Coinbase CEO, Brian Armstrong, disagreed with the SEC’s classification and decided to contest the SEC’s demand in court.

Portfolio Pulse from Mehab Qureshi

July 31, 2023 | 6:31 am