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Legal

SKE

The British Columbia Court of Appeal has overturned previous decisions by the Chief Gold Commissioner and the Supreme Court of British Columbia regarding Skeena Resources' rights to the Eskay Creek Material at the Albino Lake Storage Facility. The case will be reheard by the current Chief Gold Commissioner.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

TM

Toyota Motor (NYSE:TM) has completed an internal investigation into its car model certification applications and found no further wrongdoing beyond previously reported issues. This follows a safety test scandal at its Daihatsu unit, which led to significant market value loss and a recall of over 100,000 vehicles in the U.S.

Portfolio Pulse from Benzinga Neuro

July 05, 2024 | 3:01 pm

PYPL

The Australian federal court ruled that PayPal's contract term with small businesses, which led to overcharging, was unfair. PayPal has agreed to remove the term and pay ASIC's litigation costs. This comes as PayPal is in a transition phase with new leadership aiming for long-term growth.

Portfolio Pulse from Benzinga Neuro

July 05, 2024 | 3:01 pm

MAXN

SPWR

Maxeon Solar Technologies reported in a 6-K filing that a shareholder has filed a complaint alleging violations of the Securities Exchange Act related to SunPower disclosures. The complaint seeks unspecified damages, and Maxeon intends to vigorously defend itself.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

DIS

NFLX

Netflix and Disney, along with other U.S. streaming companies, are challenging a Canadian regulation that mandates a 5% sales contribution to local content. The companies argue that the regulation exceeds the CRTC's authority and could lead to higher subscription prices or reduced operations in Canada.

Portfolio Pulse from Shivani Kumaresan

July 05, 2024 | 3:01 pm

AAPL

Epic Games has announced that Apple has rejected their Epic Games Store notarization submission twice, citing that the design and position of Epic's 'install' button is too similar to Apple's 'Get' button.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

BA

A former Boeing inspector revealed that unsuitable parts were used in the assembly of Boeing's 787 Dreamliner for over a decade to meet production deadlines. This adds to Boeing's ongoing safety issues and scrutiny, including a criminal investigation related to the 737 Max crashes. Despite these issues, Goldman Sachs maintains a buy rating on Boeing with a $243 price target.

Portfolio Pulse from Benzinga Neuro

July 05, 2024 | 2:59 pm

FSR

Fisker is seeking approval from the Delaware bankruptcy court to sell 3,321 Ocean electric SUVs at a significantly reduced price of around $14,000 per vehicle. The company filed for Chapter 11 bankruptcy in June and is looking to sell its inventory to American Lease. Fisker has faced multiple recalls and safety concerns with its Ocean SUVs.

Portfolio Pulse from Anan Ashraf

July 05, 2024 | 2:59 pm

BA

SPR

Boeing faces a critical decision to either accept a plea deal from the DOJ over 737 MAX safety violations or risk a trial. The plea deal includes a $243.6 million fine and a three-year independent compliance monitor. Concurrently, Boeing announced a $4.7 billion acquisition of Spirit AeroSystems, which was met with mild investor enthusiasm.

Portfolio Pulse from Natan Ponieman

July 05, 2024 | 2:59 pm

LCID

TSLA

Lucid Group, Inc. (NASDAQ:LCID) saw its shares rise by 7.27% on Wednesday, driven by positive market sentiment following Tesla's stronger-than-expected second-quarter delivery numbers and Lucid's resolution of a trademark dispute with Gravity Inc. Tesla's performance has sparked a rally in several EV stocks.

Portfolio Pulse from Vaishali Prayag

July 05, 2024 | 2:59 pm