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STLA

Stellantis, the parent company of Chrysler, has paid $190.7 million in civil penalties for failing to meet U.S. fuel economy requirements and owes an additional $459.7 million.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 5:56 pm

CHTR

FYT

IFRA

Hawaiian Electric Industries (NYSE:HE) shares are surging due to a tentative $1.5 billion settlement plan over the Maui wildfires. The settlement, involving other companies like Charter Communications (NASDAQ:CHTR), aims to resolve lawsuits from homeowners and businesses. The deal is not yet final.

Portfolio Pulse from Lekha Gupta

July 19, 2024 | 2:40 pm

GCAN

Recent research published in Autism Research found no link between prenatal cannabis exposure and autism spectrum disorder (ASD) in children. The study, involving 11,570 children, was conducted by experts from Emory University, John Hopkins, and Harvard. Additionally, the Oklahoma Court of Criminal Appeals ruled that pregnant women using medical marijuana legally should not be prosecuted for child neglect, setting a new legal precedent in the state.

Portfolio Pulse from Jelena Martinovic

July 19, 2024 | 2:31 pm

COP

IEO

MRO

WEEI

Trinidad and Tobago's High Court upheld ConocoPhillips' (NYSE:COP) $1.33 billion arbitration claim against Venezuela, potentially freezing payments for joint natural gas projects. This decision allows ConocoPhillips to enforce the judgment in Trinidad if assets or money owed to Venezuela are found. ConocoPhillips has been pursuing enforcement actions in Caribbean nations and is among the top creditors seeking proceeds from an auction of shares in PDVSA subsidiary PDV Holding. Additionally, ConocoPhillips and Marathon Oil Corporation (NYSE:MRO) received a Second Request from the FTC to extend the Hart-Scott-Rodino waiting period.

Portfolio Pulse from Lekha Gupta

July 19, 2024 | 1:59 pm

EHTH

eHealth, Inc. (NASDAQ:EHTH) applauds the decision by CMS to retain 2024 Medicare compensation guidelines for 2025, following a preliminary injunction by the US District Court for the Northern District of Texas.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:01 pm

AAL

AAPL

AIPI

CIBR

CRWD

DAL

LRNZ

MSFT

OKTA

PANW

UAL

CrowdStrike's Falcon platform update caused a global tech outage affecting Microsoft systems, leading to significant disruptions in various sectors. CrowdStrike's stock dropped sharply, while competitors like SentinelOne, Palo Alto Networks, and Okta saw gains. ETFs and hedge funds with significant exposure to CrowdStrike were also impacted.

Portfolio Pulse from Piero Cingari

July 19, 2024 | 12:53 pm

FSLR

First Solar has announced ownership of patents for manufacturing Tunnel Oxide Passivated Contact (TOPCon) c-Si PV solar cells, secured through its 2013 acquisition of TetraSun. The patents are issued in multiple countries and are valid through 2030. First Solar is evaluating options and investigating potential infringements.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 12:30 pm

CRWD

SERV

Market-Moving News for July 19th: CrowdStrike (CRWD) shares plummet by 21% due to a major outage affecting global businesses. Hawaiian Electric Industries (HE) shares rise by 50% following a settlement plan over the Maui wildfires. Nvidia disclosed a stake in ServiceNow (SERV), purchasing 62,500 shares at an average price of $4 per share, leading to a 92% increase in SERV's stock price.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 12:22 pm

Hawaiian Electric Industries shares are trading higher following a report suggesting the company reached a settlement plan over the Maui wildfires.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 11:38 am

DIVZ

FTXO

Citigroup Inc. (NYSE:C) has agreed to pay a $138,000 fine and $10,600 in related costs to the Bourse de Montreal for failing to report large options contract positions. Additionally, Citigroup was fined $135.6 million by the Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) for non-compliance with a 2020 enforcement action. Despite these fines, Citigroup reported strong Q2 FY24 results, with revenue growth of 4% Y/Y to $20.14 billion and EPS of $1.52, both beating analyst estimates. Citigroup's stock has gained over 36% in the last 12 months.

Portfolio Pulse from Lekha Gupta

July 19, 2024 | 10:24 am