Streetbeat News

Legal

IEP

Carl Icahn announced that a settlement with the SEC indicates that Hindenburg Research's 2023 allegations against his company were without merit. This development could impact the perception of Icahn Enterprises (IEP) in the market.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 2:14 pm

IEP

Icahn Enterprises has reported that it has not had any substantive communication with the U.S. Attorney's Office for the Southern District of New York since an initial inquiry on May 3, 2023, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 2:13 pm

WDS

Woodside Energy Group Ltd (NYSE:WDS) shares rise after reaching an agreement to dismiss a legal challenge against its Scarborough Energy Project. The project, which is 67% complete, has secured all primary environmental approvals. Woodside also announced a $2.35 billion acquisition of OCI Global's Clean Ammonia project.

Portfolio Pulse from Lekha Gupta

August 19, 2024 | 1:26 pm

HIMS

LLY

NVO

Hims & Hers Health Inc (NYSE:HIMS) has seen its stock soar over 120% since August 2023 due to high demand for compounded weight-loss drugs amid supply shortages. This surge surpasses gains by Eli Lilly (NYSE:LLY) and Novo Nordisk (NYSE:NVO). Hims capitalized on the scarcity of GLP-1 drugs by offering affordable alternatives, but faces legal challenges and potential stock vulnerability once shortages resolve.

Portfolio Pulse from Vandana Singh

August 19, 2024 | 1:24 pm

DIS

FOXA

FOXB

FUBO

WBD

FuboTV Inc (NYSE:FUBO) shares surged 15.7% after obtaining a preliminary injunction against a joint venture by Disney, Fox, and Warner Bros Discovery. The injunction halts the JV, which Fubo argued would monopolize sports streaming. Fubo plans to continue its antitrust lawsuit against these companies.

Portfolio Pulse from Henry Khederian

August 19, 2024 | 1:16 pm

IEP

Icahn Enterprises (IEP) and Carl Icahn have agreed to pay civil penalties of $1.5 million and $500,000, respectively, to settle charges from the SEC.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 1:12 pm

IEP

The SEC has charged Carl Icahn and Icahn Enterprises L.P. for not disclosing the use of the company's securities as collateral for personal loans. This lack of transparency could have significant implications for investors and the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 1:05 pm

LIFW

MSP Recovery's stock is experiencing an uptick following the announcement of a $3.1 million settlement in an antitrust lawsuit.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 1:02 pm

FUBO

fuboTV shares are experiencing an increase in trading value following a judge's decision to temporarily block the Fox-Disney-Warner streaming venture, Venu.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 1:00 pm

COP

MRO

Marathon Oil has received demand letters and complaints from stockholders concerning its deal with ConocoPhillips. In response, Marathon Oil has voluntarily issued additional disclosures while denying all allegations.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 12:33 pm