Streetbeat News

Legal

SPY

The World Court has ordered Israel to ensure access to the Gaza Strip for investigators. This decision could have geopolitical implications and may affect market sentiment.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 1:32 pm

SCLX

Scilex Holding has sent a letter to the U.S. House of Representatives addressing concerns about market manipulation of its common stock.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 1:02 pm

ACRDF

CGC

CRLBF

CURLF

MRMD

VRNOF

The U.S. House Committee on Agriculture approved an amendment to the new Farm Bill that would eliminate most hemp-derived products, including those with any level of THC. This amendment aims to close a loophole from the 2018 Farm Bill that allowed intoxicating hemp products like Delta-8 THC to be sold. The amendment has sparked a divide between the cannabis and hemp industries, with significant opposition from hemp advocates and some cannabis companies supporting stricter regulations.

Portfolio Pulse from Nina Zdinjak

May 24, 2024 | 12:59 pm

AMAT

BULD

FTXL

TSM

Applied Materials Inc (NASDAQ:AMAT) is under scrutiny for potential violations of export restrictions to China, receiving subpoenas from the U.S. Department of Commerce, SEC, and U.S. Attorney’s Office. The company is under criminal investigation for allegedly shipping equipment to China's SMIC without export licenses. Despite these issues, AMAT's second-quarter revenue beat analyst expectations, and the stock has gained over 79% in the last 12 months. Investors can gain exposure to AMAT through ETFs like First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) and Pacer BlueStar Engineering The Future ETF (NASDAQ:BULD).

Portfolio Pulse from Anusuya Lahiri

May 24, 2024 | 12:29 pm

NLST

Netlist won a $445 million damages award against Micron Technology in a patent infringement trial involving DDR4 RDIMMs and DDR4 LRDIMMs.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 11:42 am

FEPI

NLST

PSI

Micron Technology Inc (NASDAQ:MU) has been ordered to pay $445 million in damages to Netlist Inc (OTC:NLST) for patent infringement. The jury found Micron's infringement to be willful, potentially increasing the damages. This follows a previous $303 million verdict Netlist secured against Samsung Electronics Co Ltd (OTC:SSNLF). Micron's stock has gained over 89% in the last 12 months, and investors can gain exposure via Invesco Semiconductors ETF (NYSE:PSI) and REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI).

Portfolio Pulse from Shivani Kumaresan

May 24, 2024 | 10:23 am

MSFT

OpenAI has decided to release the majority of its former employees from non-disparagement agreements linked to their exit contracts and equity. This decision follows concerns raised by employees and a report by Vox. OpenAI has assured that it will not cancel any vested equity of employees who speak out about the company. This policy change comes amid other significant events for OpenAI, including the launch of GPT-4o and a legal dispute with Scarlett Johansson.

Portfolio Pulse from Ananya Gairola

May 24, 2024 | 1:34 am

CVX

OXY

XOM

Senate Democrats are investigating claims that former President Donald Trump proposed a deal with leading oil and gas companies to roll back environmental regulations in exchange for $1 billion in campaign contributions. The investigation targets companies like ExxonMobil, Chevron, and Occidental Petroleum, and aims to highlight Trump's industry connections ahead of the November elections.

Portfolio Pulse from Benzinga Neuro

May 24, 2024 | 1:15 am

BHP

BVN

FMST

TMC

Foremost Lithium completed its winter drilling program, TMC praised a legislative proposal for refining studies, Buenaventura suspended plant operations due to community issues, and BHP secured an extension for its takeover bid of Anglo American.

Portfolio Pulse from austin@walkonholdings.com

May 23, 2024 | 8:27 pm

AZN

GEHC

JNJ

PFE

RHHBY

The Biden administration has urged the U.S. Supreme Court to reconsider a ruling involving 21 pharmaceutical and medical equipment companies accused of funding terrorism in Iraq, resulting in the deaths and injuries of American service members. The companies, including AstraZeneca, Pfizer, GE Healthcare, Johnson & Johnson, and F. Hoffmann-La Roche, allegedly engaged in corrupt practices to secure medical-supply contracts with a militia group. The Justice Department's request follows a precedent set in a previous case involving Twitter.

Portfolio Pulse from Vandana Singh

May 23, 2024 | 6:00 pm