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SAVA

Cassava Sciences shares fell after the SEC charged the company and two former executives with making misleading claims about an Alzheimer's clinical trial.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 11:59 am

CVX

HES

XOM

The FTC is blocking John Hess from joining Chevron's board as part of the $53 billion Chevron-Hess merger deal. This condition is set to secure antitrust approval. The merger still faces arbitration issues involving Exxon Mobil and China National Offshore Oil Corporation over a project in Guyana.

Portfolio Pulse from Benzinga Neuro

September 27, 2024 | 10:06 am

V

Former President Donald Trump has accused Nancy Pelosi of insider trading related to her husband Paul Pelosi's sale of Visa Inc. stock before a DOJ lawsuit against Visa. Trump suggests Pelosi had prior knowledge of the lawsuit, although the sale occurred months before the lawsuit announcement. Visa's stock dropped 5.5% following the lawsuit news.

Portfolio Pulse from Kaustubh Bagalkote

September 27, 2024 | 6:30 am

DJT

United Atlantic Ventures (UAV) sold over 7 million shares of Trump Media & Technology Group Corp (NASDAQ:DJT) following the expiration of a lock-up agreement. UAV now retains only 100 shares, having previously owned a 5.4% stake. The sale, estimated at $151.32 million, comes at a critical time for Trump Media, with potential conflicts of interest for Trump ahead of the 2024 presidential election.

Portfolio Pulse from Kaustubh Bagalkote

September 27, 2024 | 2:30 am

SAVA

Cassava Sciences shares fell after the SEC charged the company and two former executives with making misleading claims about an Alzheimer's clinical trial.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 10:00 pm

SAVA

The SEC has charged Cassava Sciences and two former executives for misleading claims about an Alzheimer's clinical trial, resulting in a $40 million civil penalty. The company and executives have agreed to settlements without admitting or denying the allegations.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 9:56 pm

DKNG

DraftKings Inc. (NASDAQ:DKNG) has been charged by the SEC for selectively disclosing material, nonpublic information via the CEO's social media accounts. The company agreed to pay a $200,000 penalty without admitting or denying the charges. DKNG shares are slightly down in after-hours trading.

Portfolio Pulse from Erica Kollmann

September 26, 2024 | 9:12 pm

MNTS

Momentus announced a preliminary order from the U.S. District Court for the Northern District of California approving a derivative settlement and notifying stockholders.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 9:02 pm

DKNG

The U.S. SEC has charged DraftKings for selectively disclosing nonpublic information through the CEO's social media accounts.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:22 pm

V

Visa has authorized a deposit of $1.5 billion into a litigation escrow account, which may impact its financials and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:07 pm