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Legal

ABUS

ALNY

MRNA

Alnylam Pharmaceuticals conceded its patent infringement case against Moderna regarding mRNA technology used in Moderna's COVID-19 vaccine. The court ruled in favor of Moderna, confirming no infringement on Alnylam's patents. Both parties agreed to dismiss counterclaims without prejudice.

Portfolio Pulse from Vandana Singh

October 03, 2024 | 4:00 pm

CVS

LLY

Texas Attorney General Ken Paxton has filed a lawsuit against major insulin manufacturers and pharmacy benefit managers, including Eli Lilly, Express Scripts, and CVS Pharmacy, accusing them of conspiring to inflate insulin prices. The lawsuit claims these companies violated the Texas Deceptive Trade Practices Act by artificially raising insulin prices and engaging in unlawful civil conspiracy.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 3:14 pm

T

TMUS

VZ

European telecom companies, including Vodafone, Telefonica, and Orange, are considering legal action against SpaceX's Starlink if the FCC relaxes radio emission rules. They argue that such changes could harm terrestrial mobile networks. U.S. companies like AT&T and Verizon also express concerns. SpaceX seeks a waiver to ensure reliable communications, especially during emergencies, and has reached a milestone with its 7,000th satellite launch.

Portfolio Pulse from Rounak Jain

October 03, 2024 | 11:50 am

GOOG

GOOGL

Google has proposed a settlement in an Indian antitrust case related to its contracts with smart TV manufacturers, which were found to potentially violate competition laws. This is the first use of a new settlement scheme in India's competition law, offering a penalty reduction for companies involved in anti-competitive activities.

Portfolio Pulse from Nivedita Hazra

October 03, 2024 | 5:56 am

XRPUSD

The SEC has appealed a 2023 ruling in its legal battle against Ripple Labs, which had dismissed broader claims about XRP sales. The appeal aims to overturn a decision that deemed XRP sales to retail clients as legal. Ripple's executives criticized the SEC's move, calling it an embarrassment. The appeal coincides with Bitwise Asset Management's filing for the first-ever XRP ETF in the U.S. XRP's price dropped over 10% following the news.

Portfolio Pulse from Aniket Verma

October 03, 2024 | 5:42 am

TCNNF

Trulieve Cannabis Corp. has filed a defamation lawsuit against the Florida GOP, accusing them of misleading voters with a TV ad about cannabis legalization. The ad suggests that only large companies like Trulieve would benefit from the legalization, which Trulieve claims is false. The lawsuit aims to correct the narrative and seek damages.

Portfolio Pulse from Maureen Meehan

October 03, 2024 | 2:51 am

TSLA

Elon Musk has reportedly been secretly funding a conservative political group, Building America’s Future, since 2022, indicating a shift in his political stance. This revelation comes alongside his public endorsement of Trump and financial support for right-wing causes.

Portfolio Pulse from Shivdeep Dhaliwal

October 03, 2024 | 2:06 am

BTC-USD

Former President Donald Trump has reiterated his promise to commute the sentence of Ross Ulbricht, the creator of the Silk Road darknet marketplace, if re-elected. Ulbricht is serving a double life sentence for his role in the illegal drug trade facilitated by Bitcoin transactions. Trump's statement is seen as an effort to gain support from Libertarian voters.

Portfolio Pulse from Aniket Verma

October 03, 2024 | 1:37 am

TTWO

A leak related to Grand Theft Auto VI (GTA 6) has caused a stir among fans, leading to a DMCA takedown by Take-Two Interactive Software Inc. The game is highly anticipated, with a second trailer set to release soon. Elon Musk, however, is not joining the hype.

Portfolio Pulse from Adam Eckert

October 02, 2024 | 9:09 pm

BDX

BD has reached a settlement agreement to resolve most of its hernia litigation cases, with terms kept confidential. The settlement will not affect BD's cash flow goals or capital allocation strategy, as the amount is within the company's current litigation reserve and will be paid over several years.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 9:02 pm