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Legal

GSK

GSK has issued a statement regarding the Zantac (Ranitidine) litigation, announcing a confidential settlement with Martin Gross. The company does not admit any liability in this settlement.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 4:47 pm

AAPL

DIS

GOOG

A federal jury has ruled that the NFL must pay between $4.7 billion and $14.4 billion in damages for anticompetitive practices related to the Sunday Ticket package. This ruling could significantly impact NFL teams financially, with each team potentially paying $449.6 million. The NFL plans to appeal the verdict.

Portfolio Pulse from Chris Katje

June 28, 2024 | 4:21 pm

IYT

JETS

LUV

Southwest Airlines (NYSE:LUV) is under investigation by the NTSB and FAA after a jet took off from a closed runway. The incident involved a Boeing (NYSE:BA) 737 jet. This adds to recent scrutiny of Southwest and Boeing's 737 Max. Southwest's stock has declined over 19% in the past year. Investors can gain exposure via U.S. Global Jets ETF (NYSE:JETS) and IShares U.S. Transportation ETF (NYSE:IYT).

Portfolio Pulse from Shivani Kumaresan

June 28, 2024 | 4:02 pm

DJT

SPY

The U.S. Supreme Court is set to rule on former President Donald Trump's claim of presidential immunity from prosecution on Monday. This decision could have significant implications for the political landscape and potentially impact market sentiment.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 2:56 pm

GOOG

GOOGL

Google and TikTok have banned Done Global from advertising ADHD medications on their platforms following a federal crackdown on the telehealth company's distribution practices. The Justice Department has charged several individuals associated with Done Global for illegally distributing controlled substances. Despite losing certification, Done continued heavy ad spending, which has now been halted by Google and TikTok.

Portfolio Pulse from Vandana Singh

June 28, 2024 | 2:41 pm

CVX

The Supreme Court has overturned the Chevron ruling, significantly reducing the power of federal agencies. This decision is seen as a major setback to agency authority and could have wide-ranging implications for regulatory practices.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 2:24 pm

PRGO

SPY

Iowa's highest court has allowed the state to enforce a ban on most abortions after about six weeks of pregnancy.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 1:43 pm

GOOG

GOOGL

Italy has demanded over $1 billion in unpaid taxes from Google, marking a new tax dispute following a similar case settled in 2017. The investigation spans from 2018 to 2022 and focuses on Google's digital infrastructure in Italy. This development adds to Google's ongoing regulatory challenges in Europe.

Portfolio Pulse from Benzinga Neuro

June 28, 2024 | 1:30 pm

UNH

UnitedHealth's OptumRx has agreed to a $20 million settlement over claims of improperly filling opioid prescriptions. This is the first settlement of its kind involving a pharmacy benefit manager. The DEA's investigation revealed that OptumRx's California mail-order pharmacy filled opioid prescriptions alongside other drugs, raising red flags for potential illicit trafficking. The broader opioid crisis litigation has resulted in nearly $50 billion in settlements.

Portfolio Pulse from Vandana Singh

June 28, 2024 | 12:16 pm

AAPL

Apple Inc. (NASDAQ:AAPL) has launched its mixed-reality headset, Vision Pro, in China at a price 18% higher than in the U.S. Despite the higher price, initial training sessions in Beijing are fully booked. The launch follows a trademark dispute and comes amid competition from local brands like Huawei.

Portfolio Pulse from Benzinga Neuro

June 28, 2024 | 11:50 am