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JNJ

Johnson & Johnson is preparing to disclose supermajority support for a talc bankruptcy settlement and is planning to have its subsidiary seek bankruptcy protection to finalize the settlement as soon as next week.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:24 pm

LLY

Eli Lilly shares are trading higher following a report indicating the company has demanded doctors stop selling copycat weight-loss drugs.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:07 pm

LLY

Eli Lilly & Co. has issued cease-and-desist letters to various healthcare providers, demanding they stop selling copycat versions of its weight-loss drugs, Mounjaro and Zepbound. Despite an improving supply, a shortage of these drugs persists in the U.S.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 3:09 pm

AAPL

AMZN

GOOG

GOOGL

META

Wedbush's Dan Ives believes a breakup of major tech companies is 'highly unlikely' despite the DOJ's recent antitrust victory over Google's monopolistic practices. Instead, he expects business model tweaks and increased scrutiny of mergers and acquisitions. The DOJ's consideration of a breakup bid for Google marks a significant regulatory move, but legal battles could drag on for years.

Portfolio Pulse from Pooja Rajkumari

August 14, 2024 | 12:52 pm

BNBUSD

Tigran Gambaryan, a Binance executive, is facing rapidly deteriorating health conditions while detained in a Nigerian prison. His family is urgently calling for his release. Gambaryan's detention is part of ongoing tensions between Binance and Nigerian authorities over alleged financial crimes.

Portfolio Pulse from Aniket Verma

August 14, 2024 | 6:06 am

GM

HMC

Texas has filed a lawsuit against General Motors (GM) for allegedly collecting and selling drivers' data without consent. The lawsuit follows an investigation that uncovered 'egregious business practices' by GM, including misleading customers about data collection. This comes amid increasing scrutiny over automakers' data-sharing practices.

Portfolio Pulse from Benzinga Neuro

August 14, 2024 | 3:03 am

BTCUSD

John Deaton, a pro-Bitcoin Senate candidate, accused Elizabeth Warren's campaign of misrepresenting his political campaign in a text message. The message claimed Deaton was recruited by a super PAC and received massive donations from cryptocurrency billionaires. Deaton refuted the recruitment claim and highlighted his significant support from the cryptocurrency industry, including donations from the Winklevoss twins and the Commonwealth Unity Fund.

Portfolio Pulse from Aniket Verma

August 14, 2024 | 2:44 am

TSLA

Betsey Stevenson, former chief economist at the Department of Labor, criticized Donald Trump's praise of Elon Musk's anti-union tactics. The United Auto Workers (UAW) has filed federal labor charges against both Trump and Musk. This controversy comes amid a resurgence of organized labor in the U.S.

Portfolio Pulse from Benzinga Neuro

August 14, 2024 | 1:22 am

GOOG

GOOGL

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) shares are declining after reports that the U.S. Department of Justice (DOJ) is considering breaking up Google following a federal judge's antitrust ruling. The DOJ may also explore less severe measures, such as data-sharing mandates. The ruling found Alphabet's payments to make Google the default search engine violated antitrust laws.

Portfolio Pulse from Adam Eckert

August 13, 2024 | 9:46 pm

XWEL

XWELL, Inc. (NASDAQ:XWEL) announced that CPC Pain & Wellness SPV, LLC has withdrawn its threatened proxy fight and related lawsuit against the company. XWELL is now focused on executing its strategic plan to create long-term value for its stockholders.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 9:08 pm