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Legal

VRPX

Virpax Pharmaceuticals has secured a $2.5 million loan from an institutional investor, which will be used to make the final payment of its litigation settlement.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 11:34 am

DJT

Trump Media & Technology Group Corp (NASDAQ:DJT) is trading higher on Monday as Trump distances himself from the controversial Project 2025. The move aims to appeal to moderate voters ahead of the November election. Additionally, Trump's legal team is leveraging a recent Supreme Court ruling to delay court proceedings.

Portfolio Pulse from Anusuya Lahiri

July 08, 2024 | 11:33 am

META

PLTR

Mark Zuckerberg, CEO of Meta Platforms Inc., predicts a millennial president by 2032 and suggests a strategic shift for Meta to resonate more with millennials and Gen-Z. This comes amid several legal challenges for Meta, including lawsuits over children's safety, advertising misrepresentation, and data collection practices.

Portfolio Pulse from Rounak Jain

July 08, 2024 | 11:05 am

BA

Boeing has agreed to plead guilty to criminal conspiracy for misleading the FAA about the safety of its 737 MAX aircraft. The company will pay up to $487.2 million in fines and spend $455 million on compliance and safety programs. This deal, subject to court approval, includes three years of court-supervised probation. The plea deal has been criticized by victims' families as insufficient.

Portfolio Pulse from Shanthi Rexaline

July 08, 2024 | 6:25 am

SVM

Silvercorp Metals is evaluating litigation risks associated with its acquisition of Adventus Mining and is discussing a potential deadline extension for the deal.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 6:15 am

AAPL

Apple Watch Series 10 may not include anticipated health features like blood pressure monitoring and sleep apnea detection due to technical and legal issues. Apple is also developing a cost-effective Watch SE with a plastic casing.

Portfolio Pulse from Ananya Gairola

July 08, 2024 | 4:25 am

META

Former Arkansas Governor Mike Huckabee has filed a lawsuit against Meta Platforms Inc. (NASDAQ:META) for unauthorized advertisements on Facebook that falsely used his name and likeness to promote CBD gummies. The lawsuit, filed in the U.S. District Court in Delaware, accuses Meta of violating the Arkansas Frank Broyles Publicity Rights Protection Act, invasion of privacy, and unjust enrichment. The case underscores ongoing issues with false endorsements and misuse of public figures' identities in advertising.

Portfolio Pulse from Nicolás Jose Rodriguez

July 06, 2024 | 3:45 pm

AAPL

Apple Inc. (NASDAQ:AAPL) has approved Epic Games' marketplace app for iPhones and iPads in Europe amid an ongoing feud. The approval follows accusations from Epic Games that Apple was obstructing its attempts to launch a games store on Apple devices. The European Commission is investigating Apple's app validation processes.

Portfolio Pulse from Ananya Gairola

July 06, 2024 | 4:24 am

AAPL

Apple has approved Epic Games Sweden AB's marketplace app following an antitrust complaint by Epic Games.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 7:25 pm

FUBO

Needham analyst Laura Martin reiterated a Buy rating on FuboTV Inc (NYSE:FUBO) but lowered the price target to $2 from $3. The analyst maintained fiscal year 2024 estimates but revised fiscal year 2025 projections due to increased marketing costs and higher legal costs from a lawsuit against ESPN. Despite these challenges, FuboTV is seen as an inexpensive way for investors to participate in the shift toward OTT and Streaming TV. The company has strong sports-focused marketing, efficient revenue streams, and potential for increased advertising revenue.

Portfolio Pulse from Nabaparna Bhattacharya

July 05, 2024 | 6:30 pm