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GOOG

GOOGL

META

VOX

XLC

Meta Platforms, Inc. (NASDAQ:META) has agreed to pay a $1.4 billion settlement to Texas over claims of improperly collecting biometric data. This is the largest state privacy fine ever and will be paid over five years. The news has caused META shares to trade lower.

Portfolio Pulse from Lekha Gupta

July 30, 2024 | 5:51 pm

CRWD

DAL

MSFT

CrowdStrike's recent security mishap, which caused a global IT outage affecting Microsoft systems, is expected to impact the company's revenue and market share for the next year. Despite the setback, Needham maintains a Buy rating on CrowdStrike but lowers the price target. Delta Air Lines is seeking compensation for the disruption. CrowdStrike's stock has dropped significantly since the incident.

Portfolio Pulse from Michael Juliano

July 30, 2024 | 5:00 pm

BA

SPR

U.S. Senate Commerce Chair Maria Cantwell has called for the FAA to conduct a root cause analysis into its oversight of Boeing and other manufacturers. Over a two-year period, the FAA conducted 298 audits of Boeing and Spirit AeroSystems without any enforcement action.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:59 pm

AMP

LPLA

Ameriprise Financial Services has filed a lawsuit against LPL Financial, alleging that LPL is engaged in a widespread practice of harvesting and misusing confidential client information during advisor recruitment, violating legal and regulatory obligations.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:49 pm

AMZN

Amazon has expressed disappointment with the Consumer Product Safety Commission's (CPSC) decision and plans to appeal. The company looks forward to presenting its case in court.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:20 pm

WFC

Wells Fargo is being sued over drug costs in its employee health plan. The lawsuit was filed by former employees in a Minnesota federal court.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:18 pm

BKNG

Spain's competition regulator has fined Booking.com $447 million for abusing its dominant market position and setting unfair conditions for Spanish hotels since early 2019.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:08 pm

GME

NVDA

Short seller Andrew Left, known for his stance against GameStop during its 2021 short squeeze, faces federal securities fraud charges. Prominent investors Edwin Dorsey and Whitney Tilson defend Left, highlighting his role in exposing market frauds. The case could impact the future of short reports.

Portfolio Pulse from Chris Katje

July 30, 2024 | 3:38 pm

NSC

SPY

The Justice Department has filed a lawsuit against Norfolk Southern to prevent delays in Amtrak passenger train services. This legal action aims to address and mitigate the disruptions caused by Norfolk Southern's operations.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:31 pm

APPN

PEGA

A Virginia judge has reversed the $2 billion verdict previously awarded to Appian Corporation (APPN) over Pegasystems Inc. (PEGA), stating that there was insufficient evidence that Pega misappropriated any trade secrets.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:16 pm