Streetbeat News

Legal

TSLA

A Canadian trader, Christopher DeVocht, turned a $65,000 investment into $306 million by betting on Tesla stock, but lost it all during the 2022 bear market. He is now suing RBC and Grant Thornton for inadequate advice. Tesla's stock remains a focus with upcoming catalysts like Robotaxi Day.

Portfolio Pulse from Benzinga Neuro

October 08, 2024 | 2:38 am

AAPL

GOOG

GOOGL

Google is appealing a court decision requiring it to open its Play Store to third-party marketplaces, following an antitrust verdict. The company argues that the changes requested by Epic Games could undermine Android's competitiveness against Apple's iOS. This legal battle mirrors Apple's previous dispute with Epic.

Portfolio Pulse from Ananya Gairola

October 08, 2024 | 1:47 am

ADT

ADT recently discovered unauthorized activity on its network but believes no customer data was exfiltrated. The company has taken steps to secure its systems, hired cybersecurity experts, and is cooperating with law enforcement.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 9:32 pm

GOOG

GOOGL

A U.S. District judge has ordered Alphabet Inc. to open its Google Play Store to competitors, allowing third-party app stores to be distributed within the Play Store and enabling developers to link to app downloads outside of it. This ruling is part of the Epic v. Google case. Additionally, the DOJ is expected to propose potential remedies in a separate case against Google, which could include significant structural changes. Alphabet's stock ended Monday down 2.47%.

Portfolio Pulse from Erica Kollmann

October 07, 2024 | 9:06 pm

CTHR

Charles & Colvard announced that the nomination of director candidates by Ben Franklin, a principal of Riverstyx Capital Management, is invalid and will not be recognized for the upcoming Annual Meeting.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 8:37 pm

AMZN

Amazon shares are down following a downgrade by Wells Fargo and a federal judge's decision to allow the FTC's antitrust lawsuit to proceed. Wells Fargo downgraded Amazon due to slowing growth and competition, while the FTC lawsuit alleges Amazon's monopolistic practices.

Portfolio Pulse from Adam Eckert

October 07, 2024 | 8:17 pm

FTTUSD

FTX, a crypto exchange, has received court approval for its liquidation plan, which aims to fully repay customers with up to $16 billion in recovered assets.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 7:19 pm

SBUX

The United Steelworkers Union members at a Starbucks in Waterloo have won a favorable ruling regarding their first contract. This development is significant for labor relations at Starbucks locations.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 7:00 pm

NVO

VTRS

Novo Nordisk has settled a US patent dispute with Viatris regarding the diabetes and weight-loss drugs Ozempic and Wegovy. This resolution may impact the market dynamics for these drugs.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:36 pm

GSK

PFE

Pfizer won a legal battle in London, invalidating two of GSK's RSV vaccine patents. This victory comes as Pfizer faces reduced demand for COVID-19 vaccines. Activist investor Starboard Value has invested $1 billion in Pfizer. Both companies are competing in the RSV vaccine market, projected to exceed $10 billion by 2030.

Portfolio Pulse from Vandana Singh

October 07, 2024 | 5:56 pm