Streetbeat News

Legal

ADEA

Adeia announced that the Canadian Court of Appeals upheld the invalidity findings of patents in cases against Videotron and Bell/Telus. However, Adeia views the rulings as favorable for future cases and licensing efforts in Canada.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 8:15 pm

ACI

KR

Kroger has filed a lawsuit against the U.S. Federal Trade Commission (FTC) to prevent an in-house review of its proposed acquisition of Albertsons. This legal action is a significant step in Kroger's efforts to finalize the deal, which has faced regulatory scrutiny.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 6:36 pm

IEP

Icahn Enterprises shares are trading lower following a settlement for SEC charges and Hindenburg Research maintaining its short position on the stock.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 4:47 pm

STLA

UAW Stellantis locals are preparing grievances against Stellantis for not meeting product commitments, potentially leading to strike action. Tens of thousands of workers are ready to file grievances.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 4:07 pm

DIS

FOX

FOXA

FUBO

WBD

A judge's injunction halting a sports streaming joint venture between Disney, Warner Bros. Discovery, and Fox is seen as a victory for FuboTV. Analysts suggest this could kill the Venu platform, benefiting FuboTV. FuboTV's CEO celebrated the ruling, highlighting the company's growth and commitment to its streaming model.

Portfolio Pulse from Chris Katje

August 19, 2024 | 3:51 pm

CRWD

DAL

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is set to report its Q2 2024 earnings on August 28. Analysts expect an EPS of 97 cents and revenue of $957.649 million. The company faces legal action from Delta Air Lines (NYSE:DAL) over a $380 million revenue loss due to an operational disruption. Analysts have lowered price targets for CrowdStrike, though ratings remain positive. The stock is up 1.42% at $266.27.

Portfolio Pulse from Dylan Berman

August 19, 2024 | 3:47 pm

IEP

Carl Icahn and Icahn Enterprises L.P. settled SEC charges for failing to disclose billions in loans backed by Icahn Enterprises stock. The settlement includes $2 million in penalties. Icahn Enterprises shares fell over 7% following the news.

Portfolio Pulse from Adam Eckert

August 19, 2024 | 2:56 pm

LYV

The U.S. Department of Justice has announced that ten additional states have joined a lawsuit against Live Nation Entertainment, Inc. (LYV) and Ticketmaster, accusing them of monopolizing the live concert industry markets.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 2:56 pm

IEP

The SEC has charged Carl Icahn and Icahn Enterprises L.P. for not disclosing pledges of the company's securities as collateral for personal loans. This news could impact Icahn Enterprises L.P. stock. Additionally, stocks linked to Mpox continue to rise.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 2:53 pm

IEP

Hindenburg Research reports that Icahn Enterprises is under SEC investigation for not disclosing margin loan details. The company is accused of operating a Ponzi-like structure, has reported a nearly $1 billion loss, yet continues to pay high distributions and trades at a significant premium. Hindenburg remains short on IEP.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 2:53 pm