Streetbeat News

Legal

MSOS

TSNDF

TerrAscend's Executive Chairman, Jason Wild, expressed optimism about a legal case that could significantly benefit the cannabis industry. Winning the case is seen as a major victory for the industry, potentially providing everything it desires.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 2:52 pm

MCD

TSN

McDonald's has filed a lawsuit against major beef producers, including JBS and Tyson Foods, accusing them of price-fixing to inflate beef prices. The lawsuit claims these companies conspired to limit beef supplies, causing McDonald's to pay higher prices. This legal action is part of broader antitrust proceedings involving multiple plaintiffs.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 2:51 pm

MSOS

TSNDF

TerrAscend's Executive Chairman, Jason Wild, argues that state leader cannabis operators should not be considered in violation of the Controlled Substance Act and should be treated like any other industry. He emphasizes the importance of winning a case that would eliminate the 280E tax code, which currently affects cannabis companies.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 2:51 pm

MSOS

SPY

The Supreme Court has ruled in favor of state rights, upholding a previous decision that did not protect intra-state commerce from federal interference. This decision is significant for the cannabis industry, as it may impact how state laws interact with federal regulations.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 2:49 pm

STLA

Stellantis is contesting the strike authorization vote by UAW Local 186, indicating potential labor disputes. This could impact Stellantis' operations and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 2:30 pm

SAVA

Cassava Sciences shares rise as the company settles with the SEC and receives an upgrade from HC Wainwright & Co, which set a $116 price target.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 2:24 pm

SNAP

Snap shares are rising as multiple US states have filed lawsuits against TikTok, a competitor. This legal action against TikTok could benefit Snap by reducing competitive pressure.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 2:12 pm

RBLX

Roblox has responded to a report by Hindenburg Research, stating that it completely rejects the claims made in the report. Roblox describes the financial claims as misleading.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 1:53 pm

RBLX

Roblox has issued a response to Hindenburg Research following a report. The details of the response were shared in an emailed statement.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 1:50 pm