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Legal

ALIM

ANIP

Alimera Sciences has filed a lawsuit against ANI Pharmaceuticals in the Delaware Court of Chancery to compel ANI to fulfill its contractual obligations and close their merger agreement. Alimera's shareholders approved the merger on September 4, clearing the last requirement for closing.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 1:02 pm

JNJ

KVUE

Kenvue Inc. (NYSE:KVUE) is showing a bullish pattern with a potential Golden Cross on its stock chart, indicating a possible upward move. The company recently won a legal case regarding its Tylenol 'Rapid Release' gelcaps, adding to its positive momentum. Kenvue's strong brand portfolio and recent stock performance suggest continued bullish sentiment.

Portfolio Pulse from Surbhi Jain

September 10, 2024 | 12:48 pm

BP

MCD

NSC

Norfolk Southern CEO Alan Shaw is expected to step down amid an ethics investigation into an alleged relationship with an employee. His tenure faced challenges, including a train derailment and criticism from activist investors. The trend of executive dismissals over ethics violations is growing.

Portfolio Pulse from Vandana Singh

September 10, 2024 | 12:34 pm

HOOD

FTX has filed a motion to settle a dispute over $600 million worth of Robinhood shares by paying $14 million to Emergent Fidelity Technologies. This settlement aims to resolve Emergent's bankruptcy case and facilitate FTX's reorganization efforts. The court will review the motion on October 22.

Portfolio Pulse from Murtuza Merchant

September 10, 2024 | 12:28 pm

RDY

Dr. Reddy's Laboratories has clarified allegations regarding its engagement with Agora Advisory, confirming the engagement of Dhaval Buch from October 2020 to April 2021, before Madhabi Buch became SEBI Chairperson. The company asserts compliance with laws and denies any preferential treatment by SEBI.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 12:15 pm

AAPL

GOOGL

Apple and Alphabet's Google face significant fines from the EU Court of Justice. Apple is ordered to pay $14.4 billion in back taxes to Ireland, while Google's $2.65 billion fine for antitrust violations is upheld. Both companies' shares are trading lower in premarket.

Portfolio Pulse from Shanthi Rexaline

September 10, 2024 | 9:35 am

META

Former President Donald Trump claimed that Mark Zuckerberg, CEO of Meta Platforms Inc., expressed support for him over Democrats in the upcoming election, a claim Zuckerberg has denied. The relationship between Trump and Zuckerberg remains tense, with past threats and criticisms.

Portfolio Pulse from Benzinga Neuro

September 10, 2024 | 4:14 am

AAPL

MASI

Apple's recent 'Glowtime' event unveiled the Apple Watch Series 10 and iPhone 16 series. A significant omission in the new Apple Watch is the absence of Blood Oxygen monitoring, due to a patent issue with Masimo Corporation. This could impact users upgrading from Series 6 or newer. The Apple Watch Ultra 2 offers better battery life and durability, priced slightly higher than Series 10.

Portfolio Pulse from Ananya Gairola

September 10, 2024 | 2:52 am

L

Loews Corporation announced that the Delaware Court of Chancery found no liability in connection with its 2018 acquisition of minority limited partner interests in its Boardwalk Pipelines subsidiary.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:17 pm

ACHR

Archer Aviation's CFO, Mark Mesler, is on temporary medical leave, with Priya Gupta stepping in as acting CFO. A court ruling resolved a warrant dispute with Wisk Aero, allowing immediate exercise of second tranche shares and ordering Archer to pay Wisk $11,912.53 in prejudgment interest daily.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:15 pm