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Legal

TEVA

Teva Pharmaceuticals shares are down due to an FTC investigation into its asthma and COPD inhaler patents. Additionally, a court has allowed Vanda's HETLIOZ patent lawsuit against Teva and Apotex to proceed.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 2:28 pm

JNJ

A federal judge has denied cancer victims' request to halt Johnson & Johnson's (NYSE:JNJ) proposed bankruptcy settlement addressing lawsuits over its talc products. The judge ruled the potential harm to victims was hypothetical and lacked jurisdiction. J&J aims to secure support for the $6.48 billion settlement plan by July 26.

Portfolio Pulse from Vandana Singh

July 01, 2024 | 2:25 pm

GOOGL

META

MSFT

PINS

SNAP

The Supreme Court has issued a mixed decision on state social media laws, sending the Texas and Florida social media laws back to lower courts for further review.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 2:24 pm

MA

PYPL

SHOP

SQ

V

The Supreme Court has allowed a challenge to swipe fees, which is a setback for regulators. This decision could impact companies involved in payment processing and e-commerce.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 2:02 pm

SPY

TEVA

The FTC has opened an investigation into Teva Pharmaceuticals over its refusal to remove patents for its asthma and COPD inhalers, which is seen as a move to block generic competition and inflate prices. This investigation is part of a broader effort by Democrats to address 'junk patent listings' in the pharmaceutical industry.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 1:44 pm

CHWY

GME

GameStop Corp (NYSE:GME) shares are trading lower due to selling pressure as trader Keith Gill faces a manipulation lawsuit. Gill disclosed a new 6.6% stake in Chewy Inc (NYSE:CHWY), causing GameStop supporters to worry he may shift focus. GameStop shares are down 6.44%, while Chewy shares are up nearly 12%.

Portfolio Pulse from Adam Eckert

July 01, 2024 | 1:26 pm

GME

GameStop shares are trading lower as trader Roaring Kitty faces a class-action lawsuit.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 1:17 pm

LCID

Lucid Group Inc (NASDAQ:LCID) shares are trading higher after the company announced an agreement with Gravity Inc. over the 'Lucid Gravity' trademark dispute. The agreement allows Lucid to use the 'Lucid Gravity' brand without infringing on Gravity's pre-existing trademark.

Portfolio Pulse from Adam Eckert

July 01, 2024 | 12:55 pm

SAVA

Cassava Sciences shares are experiencing volatility as the company engages with the DOJ and SEC amid ongoing investigations. An Ad Hoc Committee has been empowered for an internal investigation based on SEC findings.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:47 pm

EXAS

Geneoscopy has filed a lawsuit against Exact Sciences for breach of contract and misappropriation of trade secrets. The lawsuit seeks compensatory and punitive damages, attorneys' fees, and other remedies in federal court in Delaware.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:21 pm