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Legal

INVH

Invitation Homes has agreed to a proposed settlement order with the FTC, requiring the company to pay $48 million to refund consumers harmed by its actions. The settlement addresses allegations of deceiving renters, charging junk fees, and withholding security deposits.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 3:45 pm

INVH

The U.S. Federal Trade Commission (FTC) has taken action against Invitation Homes for allegedly deceiving renters, charging unnecessary fees, withholding security deposits, and using unfair eviction practices.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 3:38 pm

FXI

PVH

China has initiated an investigation into PVH Corp., a U.S. company, over alleged discrimination against products related to Xinjiang. The probe is based on suspected violations of market principles.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 3:07 pm

EWW

VMC

Vulcan Materials has accused Mexico of expropriation, claiming it violates regional trade agreements. This marks an escalation in tensions between the company and the Mexican government.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:25 pm

VMC

Vulcan Materials has reported that the Mexican government has expropriated its Punta Venado port and Sac Tun quarry. This action could impact Vulcan's operations and financial performance in the region.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:25 pm

V

Visa shares are experiencing a decline due to reports that the company is facing charges from the Department of Justice for alleged monopolization.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:18 pm

HE

LNW

SNOW

Several major stocks, including Snowflake, Hawaiian Electric Industries, and Light & Wonder, experienced declines in pre-market trading. Snowflake's drop followed its announcement of a $2 billion private placement of senior convertible notes. Hawaiian Electric Industries fell after a $500 million secondary stock offering, and Light & Wonder tumbled due to a court injunction.

Portfolio Pulse from Avi Kapoor

September 24, 2024 | 12:51 pm

NVO

Novo Nordisk's CEO announced that their drug Ozempic will be eligible for U.S. price negotiations within a year, aligning with expectations for 2027. The Senate will scrutinize the high prices of Ozempic and Wegovy, amid concerns over counterfeit versions.

Portfolio Pulse from Benzinga Neuro

September 24, 2024 | 9:48 am

V

Visa Inc. is reportedly facing a DOJ antitrust lawsuit for allegedly monopolizing the US debit card market. The DOJ accuses Visa of anti-competitive practices, including exclusivity agreements, following a long investigation. This lawsuit is part of a broader DOJ crackdown on monopolistic activities.

Portfolio Pulse from Kaustubh Bagalkote

September 24, 2024 | 8:41 am

LNW

Light & Wonder, Inc. (LNW) faces a preliminary injunction from a U.S. court regarding its Dragon Train game but reaffirms its 2025 $1.4 billion AEBITDA target. The company plans to appeal the decision and mitigate any business disruptions. LNW emphasizes its diversified game portfolio and strong market position.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 7:00 am