Streetbeat News

Legal

SFTBY

SYM

WMT

Symbotic, an AI-driven warehouse robotics company backed by SoftBank and Walmart, has seen a significant decline in its stock price, leading to a $9 billion loss in founder Rick Cohen's wealth. The stock's fall is attributed to construction delays, increased costs, and a class-action lawsuit.

Portfolio Pulse from Benzinga Neuro

September 03, 2024 | 9:18 am

ILMN

Illumina, Inc. (NASDAQ:ILMN) successfully overturned a €432M fine from the European Commission regarding its acquisition of GRAIL, as the European Court of Justice ruled the Commission lacked jurisdiction. Illumina retains a 14.5% stake in GRAIL, which is now an independent public company.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 8:05 am

BTC-USD

Tigran Gambaryan, a Binance executive, is seeking help in a Nigerian courtroom due to severe health issues developed in custody. Despite his deteriorating condition, his bail application was opposed by prosecutors. The U.S. government has not yet commented on his situation.

Portfolio Pulse from Benzinga Neuro

September 03, 2024 | 7:58 am

DXYZ

Starlink, a subsidiary of SpaceX, has refused to comply with a Brazilian court order to block social media platform X, leading to potential sanctions including license revocation. This defiance is part of ongoing tensions between Elon Musk's businesses and the Brazilian government.

Portfolio Pulse from Benzinga Neuro

September 03, 2024 | 7:24 am

HPE

Hewlett Packard Enterprise (HPE) is continuing its $4 billion claim against the estate of the late Mike Lynch, following his death in a yacht accident. The claim stems from a 2022 UK High Court ruling favoring HPE in a fraud case related to its acquisition of Lynch's company, Autonomy.

Portfolio Pulse from Benzinga Neuro

September 03, 2024 | 4:19 am

AAPL

AMZN

NVDA

PDD

The article covers various tech and economic developments, including Canada's tariffs on Chinese imports, earnings results from PDD Holdings and Nvidia, and new product launches by Amazon and Apple. It also discusses legal and social media issues involving Telegram and Starlink.

Portfolio Pulse from Lekha Gupta

September 02, 2024 | 1:07 pm

DOGEUSD

SPACEX

Elon Musk is considering allowing Dogecoin payments for Starlink services in Brazil after the country's Supreme Court froze its bank accounts. The freeze is due to legal issues with X, a social media platform owned by Musk. Despite the freeze, Starlink will continue to provide free internet services in Brazil.

Portfolio Pulse from Anan Ashraf

September 02, 2024 | 11:25 am

TSLA

A U.S. judge dismissed a lawsuit against Elon Musk and Tesla, which accused them of manipulating the Dogecoin market. The judge ruled that Musk's statements were aspirational and not factual, setting a precedent for future market manipulation cases.

Portfolio Pulse from Bibhu Pattnaik

September 01, 2024 | 4:30 pm

DJT

Mar-a-Lago's profits have quadrupled since Trump's presidency, potentially reducing his need to sell his stake in Trump Media & Technology Group (NASDAQ:DJT). The club's success could support Trump's legal costs and 2024 campaign, impacting DJT's stock price.

Portfolio Pulse from Chris Katje

August 31, 2024 | 5:34 pm

LCID

META

SMCI

TSLA

Benzinga highlights bullish and bearish stock stories, including Tesla's EV incentives in Colorado, Lucid's armored vehicle, and Super Micro's stock drop due to governance issues. Meta faced pressure from the Biden administration to censor COVID-19 content.

Portfolio Pulse from Michael Cohen

August 31, 2024 | 1:04 pm