Streetbeat News

Legal

BHC

Bausch Health Companies Inc. (NYSE:BHC) has responded to a news article by Reorg® that contained unsubstantiated rumors about the company considering bankruptcy or insolvency proceedings. Bausch Health clarified that it is not involved in any such discussions.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 4:54 pm

AAPL

AAPX

FTEC

Apple Inc. (AAPL) is under investigation by Spain's National Commission for Markets and Competition for potential anti-competitive practices related to its App Store. The investigation could last up to 24 months and may result in significant fines. AAPL shares are down 2.96%. Investors can also gain exposure through ETFs like AAPX and FTEC.

Portfolio Pulse from Lekha Gupta

July 24, 2024 | 3:42 pm

AAPL

A settlement check from Apple Inc. related to the 'batterygate' case has bounced due to insufficient funds. This incident follows Apple's agreement to pay $14.4 million to settle a class-action lawsuit in Canada. Apple's stock was down 1.24% on Wednesday.

Portfolio Pulse from Benzinga Neuro

July 24, 2024 | 1:44 pm

KARS

QCLN

RIVN

TSLA

Rivian Automotive Inc (NASDAQ:RIVN) shares are trading lower in premarket due to a legal dispute with Tesla Inc. (NASDAQ:TSLA) over alleged trade secret theft. A California judge has allowed the case to proceed to trial, citing sufficient evidence from Tesla. Rivian has hired numerous former Tesla employees, which is central to the lawsuit. Rivian stock has dropped over 32% in the past year. Investors can also gain exposure to Rivian through ETFs like QCLN and KARS.

Portfolio Pulse from Shivani Kumaresan

July 24, 2024 | 1:33 pm

XWEL

CPC Pain & Wellness SPV, LLC, a significant shareholder of XWELL, Inc., has issued a letter to fellow shareholders detailing a lawsuit against XWELL's Board of Directors. CPC criticizes the Board for a combined net operating loss of $207.3 million from 2018 to 2023 and a 99% decline in stock value since 2016. CPC aims to replace the current Board to improve financial health and explore strategic acquisitions.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:16 pm

ASRT

Buxton Helmsley Group, a significant shareholder of Assertio Holdings, Inc. (NASDAQ:ASRT), has issued a letter calling for the immediate resignation of four directors, including Chairman Peter Staple. The group criticizes the board's handling of the Spectrum Pharmaceuticals acquisition and urges improved due diligence for future M&A activities.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:08 pm

CRWD

MSFT

CrowdStrike Holdings Inc. (NASDAQ:CRWD) disclosed that a flawed security update caused a global outage affecting 8.5 million Windows computers. The issue originated from the Falcon platform's Rapid Response Content. CrowdStrike has reverted the defective update and is working on enhancing its testing processes. Microsoft Corp (NASDAQ:MSFT) was also impacted, with its Windows users experiencing the outage. Analysts predict potential costs over $1 billion and possible lawsuits.

Portfolio Pulse from Benzinga Neuro

July 24, 2024 | 12:28 pm

RIVN

Rivian shares are trading lower following news that the company will face a trial over allegations of Tesla trade secrets theft.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 10:19 am

RIVN

TSLA

Rivian is set to face trial over allegations of trade secrets theft from Tesla. The case, which will be closely watched, could have significant implications for both companies.

Portfolio Pulse from charles@benzinga.com

July 24, 2024 | 9:11 am

AAPL

EWP

Spain's CNMC has announced an investigation into Apple for potential anti-competitive practices related to the App Store.

Portfolio Pulse from charles@benzinga.com

July 24, 2024 | 9:00 am