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PARA

Paramount-Skydance $8 billion merger is facing a court challenge as a stockholder alleges that Redstone is forcing the deal.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:17 pm

SKX

Skechers U.S.A., Inc. (NYSE:SKX) is set to release its Q2 financial results on July 25. Analysts expect earnings of 95 cents per share and revenue of $2.23 billion. The company recently filed a lawsuit against LL Bean. Several analysts have upgraded their ratings and price targets for Skechers.

Portfolio Pulse from Avi Kapoor

July 25, 2024 | 2:16 pm

ACI

KR

Kroger and Albertsons have agreed to delay their $25 billion merger for a September trial after a Colorado judge temporarily halted the deal. The Colorado Attorney General has sued to block the merger.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:16 pm

ALK

BA

ITA

PPA

Boeing Co (NYSE:BA) is trading lower in premarket after agreeing to finalize a guilty plea to a criminal fraud conspiracy charge, paying at least $243.6 million for breaching a 2021 agreement with the U.S. Justice Department. Boeing will invest $455 million over three years to enhance safety and compliance programs. An independent monitor will oversee compliance, with annual progress reports and a three-year probation period. Boeing acknowledged allowing risky work at its factories and failing to ensure accurate airplane record keeping. The Justice Department highlighted ongoing safety and quality issues, including a January incident with an Alaska Air Group Inc (NYSE:ALK) 737 MAX. Boeing stock has lost more than 15% in the last 12 months. Investors can gain exposure to the stock via IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Invesco Aerospace & Defense ETF (NYSE:PPA).

Portfolio Pulse from Shivani Kumaresan

July 25, 2024 | 1:46 pm

SNAP

The article discusses how Snapchat has faced challenges in protecting teens from drug dealing and 'sextortion' on its platform. This raises concerns about the company's ability to ensure user safety, particularly for younger users.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:06 pm

BTCUSD

ETHUSD

SOLUSD

XRPUSD

John Deaton, a pro-cryptocurrency attorney running for Senate against Elizabeth Warren, holds 80% of his net worth in Bitcoin and other cryptocurrencies like Ethereum, Solana, and XRP. His campaign has received significant funding from the pro-cryptocurrency lobby, including $1 million donations from the Winklevoss twins and Ripple.

Portfolio Pulse from Aniket Verma

July 25, 2024 | 11:30 am

NOW

ServiceNow announced that its company policy was violated in the hiring of the former Chief Information Officer of the US Army. This revelation could impact investor confidence and the company's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:28 pm

NOW

ServiceNow announced the departure of CJ Desai, President and COO, following an internal investigation that revealed a policy violation related to the hiring of a former U.S. Army CIO. The company believes this was an isolated incident.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:13 pm

BHC

Bausch Health Companies Inc. (NYSE:BHC) experienced a significant stock price decline due to a report suggesting potential prepackaged Chapter 11 bankruptcy discussions. The company denied these claims, stating they are unsubstantiated rumors.

Portfolio Pulse from Vaishali Prayag

July 24, 2024 | 7:33 pm

BA

Boeing (NYSE:BA) shares are trading lower on Wednesday ahead of its earnings release next week. Analysts estimate a loss of $1.76 per share and revenue of $17.26 billion for the 2024 fiscal year second quarter. Recent events include a plea deal with the DOJ, FAA grounding of 737 MAX jets, and new orders from Qatar Airlines and Macquaire AirFrance.

Portfolio Pulse from Dylan Berman

July 24, 2024 | 5:10 pm