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JNJ

Johnson & Johnson (NYSE:JNJ) is facing a new proposed class action lawsuit related to its talc products, seeking damages and medical monitoring for women who may develop cancer. This follows a recent $700 million settlement for a multi-state investigation into its talc products. The lawsuit, filed in New Jersey federal court, is the first to seek medical monitoring for talc users. The law firms behind the case oppose J&J's $6.48 billion bankruptcy settlement proposal for talc claims. J&J maintains its talc is safe and asbestos-free.

Portfolio Pulse from Vandana Singh

June 20, 2024 | 5:53 pm

GOOGL

META

ORCL

SNAP

The Biden Administration has demanded that TikTok migrate its source code from China to the U.S. or another U.S. government-approved location. TikTok has stated that a U.S. ban is inevitable without a court order blocking the law. ByteDance claims that the Biden Administration has refused serious settlement talks on TikTok's fate since August 2022.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 5:25 pm

QCOM

Qualcomm shares are trading lower after gaining on Monday. The company also agreed to pay $75 million to settle a lawsuit related to Apple's patent licensing claims.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 5:01 pm

DJT

Donald Trump's media company, Trump Media & Technology Group Corp (NASDAQ:DJT), has received SEC approval for a share offering filing. This allows Trump to potentially cash out his $3.2 billion stake while maintaining voting control. The news has led to a 13.8% drop in DJT's stock price.

Portfolio Pulse from Chris Katje

June 20, 2024 | 4:39 pm

BNB

Binance has been fined $2.25 million by India's Financial Intelligence Unit for anti-money laundering violations. This follows similar regulatory actions in Canada and the U.S. against the exchange. The increasing global scrutiny on cryptocurrency operations is evident.

Portfolio Pulse from Murtuza Merchant

June 20, 2024 | 4:24 pm

UNH

UnitedHealthcare has settled with the New York Attorney General over issues related to birth control coverage. The company has agreed to pay $1 million as part of the settlement.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 3:05 pm

SSL

Sasol shares are trading higher after a court ruled in favor of the company and TotalEnergies Marketing, awarding R3.89B in damages and approximately R2.3B in interest.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 2:32 pm

BTTR

Better Choice Company has settled litigation with Alphia, retired $5M in senior secured debt and $0.4M in accrued interest, and retired 335,640 warrants with an $11.44 strike price. The company also entered an agreement to eliminate $5M of other indebtedness with potential $2.7M savings if paid within 90 days.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 2:21 pm

SSL

TTE

Sasol Limited (NYSE:SSL) shares surged after a High Court ruling awarded the company $344 million in a tariff dispute with Transnet. The court awarded Sasol Oil $215 million in damages and $129 million in interest. TotalEnergies SE (NYSE:TTE) was also involved in the lawsuit. Transnet plans to appeal the decision.

Portfolio Pulse from Lekha Gupta

June 20, 2024 | 1:22 pm

FSUMF

Fortescue Metals Group (OTCQX:FSUMF) is facing significant challenges, including falling iron ore prices, executive turnover, infrastructure issues, and declining investor confidence. The company's stock has declined over 25% year-to-date, and major shareholder Capital Group has sold a substantial portion of its shares.

Portfolio Pulse from Stjepan Kalinic

June 20, 2024 | 12:43 pm