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BNTX

GSK

MRNA

PFE

GSK has filed a lawsuit against Moderna, alleging that Moderna's mRNA vaccines infringe on GSK's patents. GSK claims that Moderna has profited from using its technology without proper licensing. The lawsuit seeks compensation for unauthorized sales of vaccines using GSK's patented platform.

Portfolio Pulse from Vandana Singh

October 15, 2024 | 6:35 pm

MSFT

Microsoft has settled an antitrust lawsuit filed by gamers over its $69 billion acquisition of Activision Blizzard. The lawsuit, which was dismissed with prejudice, raised concerns about potential monopolistic effects on the video game industry. The settlement details remain undisclosed. The acquisition has led to changes in Microsoft's Xbox Game Pass, including price hikes and restructuring, which have drawn criticism from the FTC and gamers.

Portfolio Pulse from Franca Quarneti

October 15, 2024 | 6:34 pm

EXEL

Exelixis shares rose following a legal victory in a patent infringement case against MSN Labs concerning cabometyx malate salt patents.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 3:37 pm

EXEL

Exelixis has won a patent infringement case against MSN Labs regarding Cabometyx malate salt patents. The court ruled that MSN infringed on the '439, '440, and '015 patents, but not the '349 patent. MSN's invalidity arguments were rejected.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 3:14 pm

EXEL

Exelixis is involved in a patent infringement lawsuit against MSN Laboratories. Traders are closely monitoring the situation as it may impact Exelixis' stock price.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 3:13 pm

GSK

MRNA

GlaxoSmithKline (GSK) has filed a lawsuit against Moderna (MRNA) in the U.S. for patent infringement related to mRNA technology used in Covid-19 vaccines.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 1:58 pm

SBSW

Sibanye-Stillwater (NYSE:SBSW) lost a $1.2 billion lawsuit in the UK High Court for terminating a deal to acquire two Brazilian mines from Appian Capital Advisory. The court ruled that Sibanye had no right to terminate the agreements, but dismissed claims of misconduct against its management. Damages will be determined in a separate trial in 2025.

Portfolio Pulse from Stjepan Kalinic

October 15, 2024 | 10:43 am

CVX

DINO

MPC

XOM

California Governor Gavin Newsom has signed a new law to regulate oil refineries and control gas prices, reducing the influence of Big Oil in the state. The law mandates oil companies to prevent price surges and requires refiners to store more gas and share resupply plans. This move is part of California's transition from fossil fuels to renewable energy.

Portfolio Pulse from Benzinga Neuro

October 15, 2024 | 12:22 am

TCNNF

TSLA

An organization linked to Elon Musk has donated $500,000 to oppose Florida's cannabis legalization amendment, while the campaign supporting it has raised over $100 million. The amendment will be voted on in November, with recent polls showing 58% support, just shy of the 60% needed to pass.

Portfolio Pulse from Maureen Meehan

October 14, 2024 | 11:04 pm

MPW

Medical Properties Trust (MPW) has released a letter to shareholders detailing the findings of an independent investigation into allegations made by short-seller Viceroy Research. The investigation found no evidence of wrongdoing by MPW, supporting the management's integrity and practices.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 9:22 pm