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VBIV

VBI Vaccines shares are trading lower after the company was granted protection under Canada's CCAA by the Ontario Superior Court. The company received approval for a DIP loan, and Ernst & Young was appointed as the monitor during the restructuring process.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:21 pm

VBIV

VBI Vaccines has been granted protection under Canada's Companies' Creditors Arrangement Act (CCAA) by the Ontario Superior Court. The company has also received approval for a debtor-in-possession (DIP) loan, and Ernst & Young has been appointed as the monitor during the restructuring process.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:55 pm

META

Texas Attorney General has secured a $1.4 billion settlement with Meta Platforms Inc. over a biometric data privacy case.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:50 pm

CRWD

CrowdStrike shares are trading lower following reports that Delta Air Lines is seeking compensation from the cybersecurity company for last week's outage.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:48 pm

AMZN

The FDA has issued a warning to Amazon for distributing unapproved chemical peel products. The violations include the introduction of unapproved new drugs and public health risks.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:27 pm

CRWD

DAL

MSFT

CrowdStrike Holdings Inc (NASDAQ:CRWD) shares are trading lower following reports that Delta Air Lines Inc (NYSE:DAL) will seek compensation for a recent IT outage. Delta has hired attorney David Boies to seek damages from CrowdStrike and Microsoft Corp (NASDAQ:MSFT). The outage, which was not a security incident, caused significant financial losses for Delta and other companies. Despite the negative news, Needham analyst Alex Henderson maintained a Buy rating on CrowdStrike but lowered the price target from $425 to $375.

Portfolio Pulse from Adam Eckert

July 30, 2024 | 1:12 pm

MSFT

SONY

WBD

SAG-AFTRA has initiated a strike affecting video game work under its Interactive Media Agreement, targeting companies like Microsoft’s Activision Blizzard, Electronic Arts, Sony’s Insomniac Games, and Warner Bros. Discovery’s WB Games. The strike is driven by concerns over AI protections.

Portfolio Pulse from Franca Quarneti

July 30, 2024 | 12:25 pm

AAL

ALK

DAL

JBLU

UAL

A U.S. appeals court has temporarily halted the Biden administration's rule requiring airlines to disclose fees upfront, citing potential irreparable harm to carriers. The rule aimed to enhance consumer transparency but faced strong opposition from major airlines, including American Airlines, Delta Air Lines, United Airlines, JetBlue Airways, and Alaska Airlines.

Portfolio Pulse from Benzinga Neuro

July 30, 2024 | 8:54 am

SMR

NuScale Power has issued a statement denying claims made by short-seller Hunterbrook about an SEC investigation. The company asserts that the SEC has not communicated any investigation and that it is unaware of any reason for such an investigation.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 7:11 am

GME

Andrew Left, a well-known short-seller of GameStop Corp (NYSE:GME), has pleaded not guilty to fraud charges in a Los Angeles federal court. The charges include market manipulation and providing false information to investigators. Left's trial is scheduled for Sept. 24, and he is currently restricted from making financial transactions exceeding $100,000 without special permission.

Portfolio Pulse from Benzinga Neuro

July 30, 2024 | 2:49 am