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LYFT

UBER

Uber and Lyft have reached a settlement with Massachusetts Attorney General Andrea Joy Campbell to provide a minimum pay standard of $32.50 per hour and additional benefits for drivers. The companies will pay $175 million to settle wage and hour law violations, with most funds going to current and former drivers. This agreement concludes a multi-year litigation and prevents changes to state employment law through a 2024 ballot initiative.

Portfolio Pulse from Shivani Kumaresan

June 28, 2024 | 11:44 am

HUGE

FSD Pharma Inc. (NASDAQ:HUGE) won a court judgment against its former CEO, Dr. Raza Bokhari, for over USD $147,301.04 and CAD $2,861,141.70 plus interest. The judgment was confirmed by the United States District Court for the Eastern District of Pennsylvania, following an arbitration ruling in favor of FSD Pharma.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 11:33 am

BTDR

META

Meta Platforms Inc. (NASDAQ:META) has warned the Australian government that it may block news content on its platform if required to pay licensing fees. This follows similar actions in Canada and comes amid increased scrutiny from the Australian government. The decision could impact Australian media companies and broadcasters.

Portfolio Pulse from Benzinga Neuro

June 28, 2024 | 8:34 am

BA

Boeing Co. (NYSE:BA) has been warned by the NTSB for disclosing non-public information regarding a 737 MAX investigation. This could lead to Boeing losing its status as a party to the investigation, adding to its ongoing challenges, including scrutiny over safety practices and manufacturing issues.

Portfolio Pulse from Benzinga Neuro

June 28, 2024 | 7:30 am

JNJ

The U.S. Supreme Court has blocked Purdue Pharma's $7 billion bankruptcy plan, which would have granted the Sackler family immunity from further liability. This decision has significant implications for Johnson & Johnson (NYSE:JNJ), which is seeking bankruptcy protection to resolve ovarian cancer claims related to its talc-based products.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 7:05 am

AAPL

GOOG

GOOGL

The NFL faces a $4.7 billion verdict, potentially tripling to $14 billion, after losing a jury trial over anticompetitive aspects of its Sunday Ticket broadcast package. The lawsuit alleged that the NFL and DirecTV conspired to inflate subscription costs for out-of-market games. Apple and Alphabet were previously in competition for the NFL's TV rights, with YouTube (owned by Alphabet) securing a seven-year contract.

Portfolio Pulse from Benzinga Neuro

June 28, 2024 | 6:24 am

BAC

BCS

C

DB

GS

JPM

MS

NWG

UBS

Ten major banks, including Goldman Sachs, JPMorgan, and BNP Paribas, have agreed to pay $46 million to settle a lawsuit accusing them of colluding to stifle competition in interest-rate swaps trading. The settlement, which was submitted to a New York federal court, comes after the judge denied class-action status to the claims, weakening the case. Despite this, the settlement is seen as a significant recovery for the plaintiffs.

Portfolio Pulse from Benzinga Neuro

June 28, 2024 | 5:38 am

LYFT

UBER

Uber has reached an agreement with the Massachusetts Attorney General to provide health insurance and minimum pay to its drivers while maintaining their status as independent contractors.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 8:52 pm

TSLA

Delaware Chancery Court Judge Kathaleen St. J. McCormick will hear arguments on whether to consider recent shareholder vote results in her decision on Elon Musk's $56 billion Tesla pay package. The court will also address attorney's fees on July 8. Analysts have mixed ratings on Tesla with an average 12-month price target of $197.82.

Portfolio Pulse from Erica Kollmann

June 27, 2024 | 8:46 pm

TSLA

NFL player Randall Cobb's home caught fire, allegedly due to a malfunctioning Tesla charger. Cobb and his family escaped safely, but the fire caused significant damage. The incident raises concerns about the safety of Tesla's charging equipment.

Portfolio Pulse from Chris Katje

June 27, 2024 | 8:38 pm