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MAR

T

VZ

Marriott International Inc (NASDAQ:MAR) has agreed to a $52 million settlement due to data breaches that exposed customer information. The settlement involves the FTC and attorneys general from 49 states. Marriott will enhance its data protection measures, reflecting increased scrutiny on corporate cybersecurity.

Portfolio Pulse from Michael Cohen

October 10, 2024 | 5:01 pm

LLY

NVO

Eli Lilly (NYSE:LLY) is taking legal action against compounding companies producing copycat versions of its weight-loss drugs, Mounjaro and Zepbound, following the FDA's resolution of a drug shortage. The FDA's decision has sparked controversy, with some arguing it favors special interests and could increase drug prices. Compounded drugs, while cheaper, pose safety risks as they lack regulatory review.

Portfolio Pulse from Vandana Singh

October 10, 2024 | 3:49 pm

PFE

Starboard Value LP, a significant shareholder of Pfizer, has issued a letter to Pfizer's Board, expressing concerns about the company's direction and urging an investigation into alleged threats against former executives. Concurrently, Pfizer announced positive results from its TALAPRO-2 study, showing significant improvement in survival rates for prostate cancer patients.

Portfolio Pulse from Vandana Singh

October 10, 2024 | 2:44 pm

MASI

TVTX

Travere Therapeutics and Masimo Corp are currently overbought stocks in the healthcare sector, with high RSI values indicating potential short-term price corrections. Travere's stock surged after pausing a Phase 3 study, while Masimo faces leadership changes and legal issues.

Portfolio Pulse from Avi Kapoor

October 10, 2024 | 1:21 pm

FHN

TD

WFC

TD Bank is set to face a $3 billion penalty and growth restrictions in the U.S. due to anti-money laundering failures. The settlement involves multiple U.S. agencies and includes a guilty plea to criminal charges. The bank's acquisition of First Horizon was halted due to these issues.

Portfolio Pulse from Vandana Singh

October 10, 2024 | 1:15 pm

MINE

The SEC has charged Minerco Inc. and two individuals with an $8 million pump-and-dump scheme involving false promotion as a psilocybin mushroom company. The scheme involved misleading investors about the company's valuation and partnerships.

Portfolio Pulse from Patricio Liddle

October 10, 2024 | 12:48 pm

PFE

Starboard Value, a significant investor in Pfizer, has issued a letter to Pfizer's Board criticizing alleged coercive conduct towards former executives and calling for an investigation into potential breaches of fiduciary duty. Starboard reaffirms its desire for constructive engagement with Pfizer's management.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 12:47 pm

DAL

Delta Air Lines reported mixed Q3 results with a slight revenue beat but missed EPS expectations. The company faced a $380 million revenue hit due to a tech outage. Despite challenges, Delta's balance sheet received an investment-grade upgrade, and the company anticipates a strong Q4 with a 30% increase in pre-tax profit.

Portfolio Pulse from Akanksha Bakshi

October 10, 2024 | 12:20 pm

TD

Toronto Dominion Bank is reportedly facing a $3 billion penalty and growth restrictions due to an anti-money-laundering settlement, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 11:39 am

TD

TD Bank is expected to pay approximately $3 billion in penalties as part of an anti-money-laundering settlement. This settlement may also include growth restrictions for the bank in the U.S.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 9:10 am