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LYFT

UBER

Shares of Uber and Lyft are experiencing volatility following a California Supreme Court ruling that allows them to classify drivers as independent contractors. This decision supports their business model and avoids additional costs.

Portfolio Pulse from Vaishali Prayag

July 25, 2024 | 6:34 pm

NGHC

The U.S. Department of Justice has filed a lawsuit against National General Holdings Corp and its subsidiaries for allegedly placing false insurance on hundreds of thousands of borrowers' vehicles.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 6:34 pm

BA

Relatives of victims from two fatal 737 Max crashes argue that Boeing received a lenient plea deal and are urging the court to reject it, according to a Reuters report.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 5:40 pm

DASH

LYFT

UBER

The California Supreme Court has ruled that app-based drivers for companies like Uber, Lyft, and DoorDash can be classified as independent contractors under Proposition 22, and this classification does not conflict with the state constitution.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 5:05 pm

TCNNF

Florida Governor Ron DeSantis criticized the state's cannabis legalization initiative, Amendment 3, stating it should not have been allowed on the ballot due to misleading summaries. Despite his opposition, recent polls show strong support for the initiative. Trulieve Cannabis Corp has invested heavily in promoting the measure.

Portfolio Pulse from Maureen Meehan

July 25, 2024 | 4:42 pm

MSFT

MSFX

XLK

Microsoft's shares are trading lower as Activision Blizzard's World of Warcraft employees vote to unionize, adding around 500 workers to organized labor at Microsoft. This move, supported by Microsoft's neutral stance on unionization, increases the number of unionized U.S. gaming employees at Microsoft to about 1,750. The union aims to address issues such as pay, remote work, and workplace diversity and equity. Additionally, Activision Blizzard was ordered to pay $23.4 million in a patent infringement case.

Portfolio Pulse from Lekha Gupta

July 25, 2024 | 2:58 pm

BITF

RIOT

Riot Platforms Inc (NASDAQ:RIOT) shares are trading lower after the company announced that the Ontario Capital Markets Tribunal has ceased trading Bitfarms Ltd’s (NASDAQ:BITF) poison pill. Riot also announced the acquisition of Block Mining for $92.5 million, adding significant operational capacity. Multiple analysts have reiterated their ratings and price targets for Riot, which is expected to report a loss in its upcoming financial results.

Portfolio Pulse from Adam Eckert

July 25, 2024 | 2:57 pm

DEO

New Delhi City Police has summoned the CEO of Diageo India to appear at an investigation related to payments by government agencies for liquor purchases.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:47 pm

META

VGK

Meta is expected to face its first EU antitrust fine for linking its Marketplace service with Facebook. The decision from the EU antitrust authorities is anticipated after the August holiday break, according to Reuters sources.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:33 pm

ADBE

Adobe has issued a response to the Federal Trade Commission's (FTC) updated complaint. The company is addressing the concerns raised by the FTC and is committed to resolving the issues. This development could have implications for Adobe's stock in the short term.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:21 pm