Streetbeat News

Legal

ABG

Asbury Automotive Group has refuted allegations from the FTC regarding unfair sales practices and has pledged a strong legal defense against these accusations.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 7:16 am

LIFW

PLTR

LifeWallet has announced a $3.1M settlement in a pharmaceutical antitrust case and is driving to secure agreements with various health-related entities. The company expects to generate revenue through fees on savings from unnecessary Medicare secondary payments, leveraging its partnership with Palantir Technologies.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 6:36 am

AAPL

QCOM

Apple is investing billions into developing an in-house cellular modem, a project that may not yield immediate returns. The company aims to eventually integrate this modem into a new wireless chip that handles Wi-Fi and Bluetooth, potentially improving reliability and battery life. Apple has faced setbacks, including performance issues and delays, and continues to rely on Qualcomm for modem chips until at least 2027.

Portfolio Pulse from Shanthi Rexaline

August 18, 2024 | 8:15 pm

MSFT

A new book by Anupreeta Das alleges that Bill Gates' leadership style at the Bill & Melinda Gates Foundation has created a climate of fear among employees, likening meetings to a 'king's court.' The book claims Gates' intimidating intellect and lack of stakeholders contribute to this atmosphere. Gates Ventures has dismissed these allegations as sensationalized. The foundation remains committed to its mission despite these claims.

Portfolio Pulse from Bibhu Pattnaik

August 17, 2024 | 4:00 pm

DIS

FOXA

FUBO

WBD

A federal judge has blocked a joint venture by Disney, Fox, and Warner Bros. Discovery to consolidate their sports licensing rights into a new streaming service, following an antitrust lawsuit by FuboTV. The court found that the venture would likely harm competition and potentially lead to FuboTV's bankruptcy.

Portfolio Pulse from Michael Cohen

August 16, 2024 | 8:23 pm

MSFT

Activision Publishing, a subsidiary of Microsoft Corp. (NASDAQ:MSFT), has issued a cease and desist order to halt the release of the H2M mod for Call of Duty: Modern Warfare 2. The mod, which aimed to revitalize the game's multiplayer component, was canceled just before its scheduled release, leading to disappointment and frustration within the gaming community.

Portfolio Pulse from Franca Quarneti

August 16, 2024 | 7:50 pm

FUBO

fuboTV shares are trading higher following a report that a judge has temporarily blocked the Fox-Disney-Warner streaming venture.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 7:12 pm

DIS

A judge has temporarily blocked Disney's sports streaming venture, according to a court filing. This legal setback could impact Disney's plans in the streaming market.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 7:10 pm

AAPL

GOOGL

Epic Games has launched its mobile store in Europe, intensifying its ongoing conflict with Apple Inc. (NASDAQ:AAPL) and Alphabet Inc. (NASDAQ:GOOGL). The store, now live on Android globally and on iPhones in mainland Europe, follows years of legal disputes. Epic's CEO Tim Sweeney criticized Apple's app store fees and policies, which he claims penalize developers. The European Union's Digital Markets Act has facilitated this launch, but challenges remain. Epic aims for 100 million new installs by year-end and is working to attract third-party developers.

Portfolio Pulse from Franca Quarneti

August 16, 2024 | 6:32 pm

TKO

Linda McMahon, former WWE President and CEO, has been named co-chair of Donald Trump's 2024 Transition Team. McMahon, who has a long history with WWE and Trump, will work alongside Howard Lutnick, CEO of Cantor Fitzgerald. WWE, now a unit of TKO Group Holdings Inc (NYSE:TKO), has seen the McMahon family's influence wane, with Vince McMahon stepping down from leadership roles amid scandals.

Portfolio Pulse from Chris Katje

August 16, 2024 | 5:17 pm