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NVAX

Novavax aims to survive by developing an updated Covid vaccine before the fall season and reducing costs. However, the company faces challenges such as competing with Pfizer and Moderna in the commercial vaccine market and a pending $700 million arbitration with Gavi.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 1:38 pm

LLY

MRK

PFE

Eli Lilly's CEO David Ricks raised concerns over the impact of Medicare price negotiations on drug development, specifically the Inflation Reduction Act provision. Merck filed a lawsuit against the Biden administration to weaken the Medicare price negotiation program, and Pfizer's CEO criticized the U.S. plans to negotiate drug prices.

Portfolio Pulse from Vandana Singh

June 14, 2023 | 12:46 pm

GOOG

GOOGL

The European Union has accused Google (Alphabet Inc) of violating antitrust regulations in the advertising technology sector. The European Commission suggests that compulsory divestment of a portion of Google's services may be the only effective solution to address competition concerns.

Portfolio Pulse from Vandana Singh

June 14, 2023 | 12:06 pm

GOOG

GOOGL

VGK

EU antitrust regulators have charged Alphabet's Google with abusive practices in its digital advertising business, stating that only mandatory divestment of part of Google's adtech services would address competition concerns.

Portfolio Pulse from Charles Gross

June 14, 2023 | 10:51 am

GOOG

GOOGL

VGK

EU Antitrust Chief Margrethe Vestager is expected to address alleged anti-competitive practices by Alphabet's Google in its digital advertising business during a news conference at 1045 GMT Wednesday.

Portfolio Pulse from Charles Gross

June 14, 2023 | 9:25 am

BTCUSD

Edward Snowden commented on the SEC lawsuits against cryptocurrency exchanges Binance and Coinbase, which accused them of providing unregistered securities. The lawsuits also alleged that several tokens, including SOL, ADA, MATIC, COTI, ALGO, FIL, ATOM, SAND, AXS, and MANA, are securities.

Portfolio Pulse from Mehab Qureshi

June 14, 2023 | 3:48 am

CVS

Aetna, a CVS Health company, revealed its health care denial rates in a Medicare Advantage court case involving New York City retirees. The company has been accused of denying coverage to thousands of retirees, leading to a class-action lawsuit.

Portfolio Pulse from Charles Gross

June 13, 2023 | 9:53 pm

AAMC

Altisource Asset Management (AAMC) announced a favorable ruling from the Supreme Court of the State of New York, Appellate Division, stating that the company did not breach any contractual obligation to redeem preferred shares held by Luxor Capital Group.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 9:37 pm

SPY

A judge has ruled that former President Trump is not allowed to communicate with potential witnesses in the case against him.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 7:25 pm

DWAC

RMBL

Former President Donald Trump pleaded not guilty to 37 federal charges related to mishandling classified documents. Trump faces potential fines of $9.25 million and up to 400 years in prison. Shares of Digital World Acquisition (NASDAQ:DWAC) are up 2% to $13.07, and Trump's speech will be streamed live on Rumble (NASDAQ:RMBL).

Portfolio Pulse from Chris Katje

June 13, 2023 | 7:23 pm