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BLMN

DAL

Delta Air Lines (NYSE:DAL) is facing potential turbulence as its stock nears a Death Cross, a bearish technical pattern. The stock has declined recently, compounded by operational challenges and management changes. Investors should brace for potential volatility.

Portfolio Pulse from Surbhi Jain

August 26, 2024 | 7:53 pm

AMAT

Applied Materials, Inc. (NASDAQ:AMAT) has received a DOJ subpoena related to federal award applications under the U.S. Chips and Science Act. The denial of their application impacts plans for a $4 billion research site. AMAT shares have dropped over 6% in the past five days.

Portfolio Pulse from Erica Kollmann

August 26, 2024 | 7:26 pm

BK

The U.S. Commodity Futures Trading Commission (CFTC) has ordered The Bank of New York Mellon to pay a $5 million penalty for failures in swap reporting, supervision, and violation of a prior CFTC order.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 7:17 pm

LLY

NVO

SNY

Several state and local governments have filed lawsuits against drug companies and pharmacy benefit managers (PBMs) for allegedly inflating insulin prices. Despite these claims, these governments have benefited from the rebate system they now challenge. Eli Lilly, Sanofi, and Novo Nordisk have reduced insulin prices, contradicting the lawsuits' claims. The lawsuits highlight PBMs' role in driving up patient costs by demanding rebates and fees, which do not benefit patients.

Portfolio Pulse from Vandana Singh

August 26, 2024 | 5:59 pm

IAC

IAC has responded to an FTC agreement regarding Care.com, stating that the settlement does not validate the FTC's claims. This indicates a legal and regulatory development involving IAC and its subsidiary Care.com.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 4:54 pm

CRWD

DAL

MSFT

Piper Sandler analyst maintains an Overweight rating on CrowdStrike despite potential revenue shortfall. Delta Air Lines plans to sue CrowdStrike over an outage costing $350M-$500M. CrowdStrike and Microsoft to host a security summit. CRWD stock slightly down.

Portfolio Pulse from Anusuya Lahiri

August 26, 2024 | 4:04 pm

TONUSD

USDTUSD

French President Emmanuel Macron has denied political motivations behind the arrest of Telegram founder Pavel Durov, emphasizing it was part of a judicial investigation. The arrest has sparked debates on digital rights and implications for tech companies in Europe. Industry leaders express concerns over freedom of expression and the need for encryption.

Portfolio Pulse from Murtuza Merchant

August 26, 2024 | 4:03 pm

DNA

Ginkgo Bioworks faced a significant downfall after a report by Scorpion Capital accused it of being overpriced and engaging in misleading business practices. The company's stock plummeted, and it faced legal challenges, including a DOJ investigation and a shareholder lawsuit. Ginkgo has agreed to a $17.75 million settlement to resolve the lawsuit. Despite these challenges, the company remains focused on synthetic biology and aims for future growth.

Portfolio Pulse from Stan Vick

August 26, 2024 | 3:51 pm

IAC

Care.com, owned by IAC, has agreed to an $8.5 million settlement with the U.S. FTC over allegations of making it difficult for customers to cancel memberships.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 3:17 pm

JNJ

Johnson & Johnson is negotiating with plaintiffs to finalize a $6.5 billion settlement over claims that its talc products cause cancer. The company is seeking to resolve holdouts and may use a subsidiary's bankruptcy to facilitate the settlement. Over 62,000 plaintiffs are involved, and J&J has already paid $5 billion in related claims.

Portfolio Pulse from Vandana Singh

August 26, 2024 | 3:06 pm