Streetbeat News

Legal

TSLA

Elon Musk's AI venture, xAI, is in talks with Tesla for a potential deal where Tesla would license AI models from xAI for its Full Self-Driving software. This could involve a revenue-sharing agreement, enhancing Tesla's AI capabilities but raising concerns about resource distribution and conflicts of interest.

Portfolio Pulse from Bibhu Pattnaik

September 08, 2024 | 8:18 pm

GOOG

GOOGL

The U.S. DOJ is investigating Google's AI strategy to address its dominance in the search market. A federal court ruled Google as an illegal monopolist, and the trial is now in the remedies phase. The DOJ seeks more information on Google's business, especially regarding AI developments.

Portfolio Pulse from Ananya Gairola

September 07, 2024 | 6:46 am

NVDA

SPY

A U.S. District Court has scheduled a preliminary injunction hearing for Xockets' antitrust lawsuit against Nvidia. This legal action could impact Nvidia's business operations and stock performance.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 8:35 pm

PRKR

QCOM

The United States Court of Appeals for the Federal Circuit has overturned a district court decision, sending the ParkerVision v Qualcomm case back to Florida for trial. This development could impact both ParkerVision and Qualcomm as the legal proceedings continue.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 8:31 pm

MASI

Masimo CEO Joe Kiani shared confidential information with an investor before public release, as revealed in court filings. This is part of ongoing litigation with activist investor Politan, who is in a proxy battle with Masimo. Politan aims to replace two directors, including Kiani, due to Masimo's underperformance and past acquisition issues.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 7:58 pm

GOOG

GOOGL

A judge has requested the Department of Justice to submit a proposal by the end of the year in the ongoing Google antitrust case. A decision is expected by August 2025.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 7:26 pm

AGX

BLMZ

BRZE

GCO

WHLR

U.S. stocks fell with the Dow Jones down over 400 points. Argan, Inc. shares rose 25% after strong Q2 results. BloomZ Inc. and Wheeler Real Estate Investment Trust saw significant share price increases due to business agreements and legal victories, respectively. Braze, Inc., Planet Labs PBC, and Genesco Inc. experienced declines following disappointing financial results.

Portfolio Pulse from Avi Kapoor

September 06, 2024 | 6:39 pm

JPM

JPMorgan Chase is investigating a TikTok-driven check fraud scheme and plans to report the involved customers to authorities. The scheme involved depositing bad checks and withdrawing funds immediately.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 6:29 pm

AAWH

CYBN

The cannabis and psychedelics industries are experiencing significant leadership changes. Maryland's Cannabis Chief, Will Tilburg, is resigning after overseeing a successful transition to adult-use cannabis with $1.1 billion in sales. In Massachusetts, a legal battle involving the Cannabis Control Commission continues. Companies like 1933 Industries, Cybin Inc., and Ascend Wellness Holdings are undergoing board and executive changes.

Portfolio Pulse from Jelena Martinovic

September 06, 2024 | 6:23 pm

DJT

The sentencing for former President Donald Trump's hush money trial has been postponed until after the 2024 presidential election to avoid any appearance of influencing the election. Trump was found guilty on 34 counts of falsifying business records. The delay allows more time to consider dismissing the case due to a Supreme Court ruling on presidential immunity. Trump Media & Technology Group (NASDAQ:DJT) shares are down 2.01% amid the news.

Portfolio Pulse from Chris Katje

September 06, 2024 | 6:15 pm