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AMZN

CMCSA

DIS

T

The NFL has lost an antitrust trial regarding its Sunday Ticket package and has been ordered to pay money damages for maintaining a TV broadcast monopoly. A jury found that the NFL and its teams violated antitrust laws.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 8:22 pm

LWAY

Pure Culture Organics (PCO) announced a victory as Lifeway Foods (LWAY) dismissed its lawsuit. PCO will now focus on new product developments, including kids kefir and collagen-enhanced pouches, and will launch new kefir flavors.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 8:01 pm

META

Meta Platforms, Inc. (NASDAQ:META) shares have risen 3% over the past five days. Three significant court decisions this week impact Meta: a U.S. district judge rejected Meta's bid to dismiss a lawsuit over fake ads, the U.S. Supreme Court declined to limit government communication with social media platforms, and a U.S. appeals court ruled Meta must face a lawsuit over hiring practices. Despite legal challenges, Meta shares have gained over 45% year-to-date and are trading above their 50-day moving average.

Portfolio Pulse from Erica Kollmann

June 27, 2024 | 7:53 pm

CNI

Canadian National Railway (NYSE:CNI) shares traded lower following a train derailment in Matteson, Illinois. No injuries were reported, but a 'white powdery substance' was seen leaking. Residents are under a mandatory evacuation order. CNI shares have decreased by 2.53% in the past year and are down 0.76% at $117.34.

Portfolio Pulse from Erica Kollmann

June 27, 2024 | 7:45 pm

MSFT

OpenAI and Microsoft have been sued by the Center for Investigative Reporting, marking an escalation in the news industry's legal actions against AI companies.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 6:54 pm

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VZ

The FCC Chair has raised concerns with Verizon and AT&T regarding the use of AI-driven political robocalls. This scrutiny could lead to regulatory actions affecting these companies.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 6:50 pm

CNI

A train from the Canadian National Railway Company derailed in Matteson, Illinois, leading to long-term evacuations as a leak is being investigated. The train involved is confirmed to be from the company.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 6:17 pm

AEP

EXC

Talen Energy has responded to objections from Exelon and AEP regarding its contract with AWS to sell long-term, committed power from the Susquehanna ISA. Talen asserts its right as a competitive generation company to enter into such agreements.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 5:34 pm

FTXH

PJP

XPH

The Supreme Court has rejected Purdue Pharma's bankruptcy plan, which would have shielded the Sackler family from civil lawsuits related to the opioid crisis. This decision allows ongoing lawsuits against the Sacklers and impacts the distribution of funds for opioid abatement.

Portfolio Pulse from Vandana Singh

June 27, 2024 | 4:31 pm

META

A U.S. Appeals Court has ruled that Meta Platforms must face a lawsuit alleging hiring discrimination against U.S. citizens. This legal development could have implications for Meta's hiring practices and public image.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 4:30 pm