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Legal

CVS

LLY

WBA

Eli Lilly is appealing a $183 million judgment for allegedly defrauding Medicaid by underreporting drug prices. The case has drawn attention from major business groups due to its potential impact on regulated companies. Eli Lilly claims it adhered to Medicaid rules.

Portfolio Pulse from Vandana Singh

September 20, 2024 | 1:11 pm

TTOO

T2 Biosystems has successfully defended its patent for a direct-from-whole blood pathogen detection method in the European Union, maintaining a strong intellectual property position.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 1:03 pm

CVS

GILD

PFE

Analysts have provided ratings for three high-yielding healthcare stocks: Pfizer, CVS Health, and Gilead Sciences. Pfizer has received positive ratings and presented promising study data. CVS Health faces legal challenges but maintains strong ratings. Gilead Sciences has shown positive trial results.

Portfolio Pulse from Avi Kapoor

September 20, 2024 | 1:00 pm

HD

IJR

PEP

TGT

Target Corporation has appointed Jim Lee from PepsiCo as its new CFO. Home Depot is expected to benefit from lower interest rates despite a recent legal settlement. iShares Core S&P Small-Cap ETF was highlighted as a final trade pick.

Portfolio Pulse from Avi Kapoor

September 20, 2024 | 12:34 pm

BTCUSD

The FBI has arrested two individuals, Malone Lam and Jeandiel Serrano, for allegedly stealing and laundering over $230 million in Bitcoin. The stolen funds were used for luxury purchases, and the case highlights the sophistication of cybercriminals and challenges in recovering stolen cryptocurrencies.

Portfolio Pulse from Aniket Verma

September 20, 2024 | 10:09 am

HOOD

Rep. Ritchie Torres criticized the SEC for using the term 'digital asset security,' which lacks legal basis. The term is not found in any law or SEC rule, raising questions about its origin. This criticism follows the SEC's controversial stance on cryptocurrencies, including a lawsuit against Binance.

Portfolio Pulse from Aniket Verma

September 20, 2024 | 8:04 am

BA

Elon Musk criticized the FAA for focusing on minor issues with SpaceX while ignoring safety concerns at Boeing. Musk highlighted inconsistencies in FAA's actions and called for congressional intervention. SpaceX continues its operations despite regulatory challenges.

Portfolio Pulse from Kaustubh Bagalkote

September 20, 2024 | 3:10 am

TSLA

Elon Musk, CEO of Tesla, is under investigation by the Secret Service for a controversial social media post about President Biden and Vice President Harris. The post, which Musk later deleted, questioned why there were no assassination attempts on them. The White House criticized the post as irresponsible, and the Secret Service is treating it as a serious matter.

Portfolio Pulse from Benzinga Neuro

September 20, 2024 | 12:58 am

KOPN

Kopin Corporation has announced a public offering of common stock and pre-funded warrants. The proceeds are intended for general corporate purposes and potential litigation payments. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:17 pm

GOOGL

The DOJ accuses Google employees of hiding messages from antitrust investigators, complicating the company's legal challenges. This could lead to serious repercussions if deemed intentional by the court.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:02 pm