Streetbeat News

Legal

HOOD

Robinhood Markets Inc. has settled for $3.9 million with California's Department of Justice over past restrictions on cryptocurrency withdrawals. The settlement resolves issues related to historical practices and comes as Robinhood aims to expand its cryptocurrency offerings.

Portfolio Pulse from Benzinga Neuro

September 05, 2024 | 8:08 am

AMZN

The National Labor Relations Board (NLRB) has ruled that Amazon is a 'joint employer' of some contracted delivery drivers, which may lead to union negotiations. This decision follows similar rulings and increased scrutiny of Amazon's labor practices.

Portfolio Pulse from Benzinga Neuro

September 05, 2024 | 7:48 am

TSLA

SpaceX has evacuated employees from Brazil and halted travel due to Elon Musk's legal battle with Brazil's Supreme Court over his social media platform X. The court has banned X and frozen SpaceX's Starlink finances in Brazil, causing concerns among foreign investors and potentially impacting Musk's other ventures, including Tesla.

Portfolio Pulse from Benzinga Neuro

September 05, 2024 | 7:15 am

AAVEUSD

UNIUSD

DeFi tokens Aave and Uniswap saw significant gains due to positive developments. Aave surged over 7% following a collaboration announcement with World Liberty Financial, while Uniswap rose over 4% after settling with the CFTC.

Portfolio Pulse from Aniket Verma

September 05, 2024 | 5:22 am

NVDA

NVIDIA Corporation clarified that it has not been subpoenaed by the DOJ in an antitrust investigation, but has received a civil investigative request. Despite recent market volatility, NVIDIA remains open to cooperating with regulators.

Portfolio Pulse from Erica Kollmann

September 04, 2024 | 9:15 pm

JNJ

Johnson & Johnson has increased its talc settlement offer to approximately $9 billion, gaining support from a key legal adversary, Allen Smith. This move is expected to secure more votes in favor of the settlement plan.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:12 pm

NVDA

Nvidia has clarified that it has not been subpoenaed by the Department of Justice, countering any rumors or misinformation. This statement aims to reassure investors about the company's legal standing.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 7:53 pm

AVGO

NVDA

Nvidia faces a challenging September as it experiences a significant market cap decline and a DOJ antitrust investigation. Despite beating earnings estimates, slower growth and market skepticism have led to a selloff. Analysts suggest various factors, including political risks and seasonal trends, are contributing to the decline.

Portfolio Pulse from Stjepan Kalinic

September 04, 2024 | 6:54 pm

UNI

The CFTC has fined Uniswap Labs $175,000 for illegal digital asset derivatives trading, citing violations of the Commodity Exchange Act. Uniswap's protocol allowed trading of leveraged tokens without proper registration, leading to regulatory action.

Portfolio Pulse from Murtuza Merchant

September 04, 2024 | 6:36 pm

JNJ

Johnson & Johnson has been ordered to pay $1 billion to Auris Health shareholders for breaching a 2019 acquisition agreement. The court found J&J failed to support Auris' iPlatform technology, leading to a breach of contract. J&J plans to appeal the decision.

Portfolio Pulse from Vandana Singh

September 04, 2024 | 6:13 pm