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Legal

FOX

Fox Corp. (NASDAQ:FOX) has settled a $12-million gender discrimination lawsuit, further intensifying the ongoing scandal surrounding the news network. The settlement comes after multiple legal battles, including a high-profile defamation case with Dominion Voting Systems, which saw Fox News pay $787.5 million. The plaintiff in the gender discrimination lawsuit, former Fox News producer Abby Grossberg, alleged gender-based discrimination and accused the network’s lawyers of pressuring her to make misleading statements during the Dominion Voting Systems case.

Portfolio Pulse from Ananya Gairola

July 01, 2023 | 5:05 am

AAPL

NOK

Nokia and Apple have signed a long-term patent license agreement. The details of the agreement have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 8:19 pm

ATVI

MSFT

SONY

Microsoft CEO Satya Nadella has criticized Sony for the existence of console exclusives, stating he would prefer to eliminate them. This statement contradicts Microsoft's recent actions, as their acquisitions have resulted in several games becoming console exclusives. The FTC hearing against Microsoft has focused on the company's decision to make all ZeniMax games exclusive to Xbox, which is seen as 'powerful evidence' against the proposed $68.7-billion acquisition of Activision Blizzard.

Portfolio Pulse from Franca Quarneti

June 30, 2023 | 6:08 pm

FRHC

Citron Research has raised concerns about the business practices of Freedom Holdings Corp. (NASDAQ:FRHC), criticizing its IPO model, lack of oversight, and potential violation of sanctions. Citron has called for regulatory intervention and transparency from Freedom Holdings, suspecting that the company might be withholding crucial information from its shareholders. Freedom Holdings' CEO, Timur Turlov, was put on the war sanctions list by Ukraine for financial support of the Russian Federation in October 2022.

Portfolio Pulse from Michael Cohen

June 30, 2023 | 4:08 pm

SLM

SOFI

SPY

Congressional Caucus Chair Jayapal stated that the Supreme Court did not rule against all student debt relief, but only removed a specific statutory pathway. She suggested that the President can use other methods to cancel student debt.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 4:08 pm

AXON

DGLY

OLN

RGR

SWBI

VSTO

WRAP

The U.S. Supreme Court has agreed to decide on the constitutionality of a federal law that prohibits gun possession by individuals under domestic violence restraining orders. This could potentially impact companies in the firearms and security sector.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 4:03 pm

SPY

The U.S. Supreme Court is set to hear the Biden administration's defense of the Securities and Exchange Commission's (SEC) in-house adjudications. The case could have significant implications for the SEC's enforcement powers.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 4:01 pm

U.S. Senators have sent a letter to Mark Zuckerberg, the CEO of Meta Platforms Inc., expressing their concerns over Instagram facilitating child sexual abuse material. The senators are demanding an explanation and immediate action to rectify the situation.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 3:50 pm

SOFI

UPST

The Supreme Court has ruled that President Biden's plan to forgive up to $10,000 of student debt for eligible Americans is unconstitutional. This has led to a decrease in the stock prices of student loan providers such as SoFi Technologies Inc, Upstart Holdings Inc, and LendingClub Corp.

Portfolio Pulse from Aaron Bry

June 30, 2023 | 3:48 pm

EWZ

Brazil's electoral court is set to bar former President Jair Bolsonaro from seeking public office for the next eight years due to violations of election laws. Bolsonaro is expected to appeal the ruling, but he faces multiple other legal challenges that could also block him from the presidency. The decision could significantly impact Brazil's political landscape and the country's far-right movement.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 3:46 pm