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Legal

SID

Companhia Siderurgica Nacional (SID) shares are trading higher after a Brazilian court ordered Ternium to pay the company an indemnification.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 4:41 pm

BA

GE

SPR

Boeing is facing challenges in its search for a new CEO as several high-profile candidates have declined the role. Current CEO David Calhoun plans to resign by year-end and will testify before Congress on various issues. Boeing's stock is down 1.73% amid these developments.

Portfolio Pulse from Nabaparna Bhattacharya

June 18, 2024 | 4:18 pm

PBR

Petrobras shares are trading higher after the company settled a tax dispute, agreeing to pay 19.8 billion reais in back taxes to the federal government.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 3:48 pm

BA

Boeing shares are trading lower as CEO Dave Calhoun is set to testify to the Senate Committee on Homeland Security & Governmental Affairs, with new whistleblower claims coming forward ahead of the testimony.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 3:22 pm

BA

ITA

PPA

Boeing Co. (NYSE:BA) shares are trading lower due to new allegations of mishandling defective parts on 737 Max aircraft. The complaint, filed by a quality inspector, has intensified scrutiny from federal agencies and the U.S. Senate. Boeing's CEO is set to testify before senators regarding the company's safety measures.

Portfolio Pulse from Shivani Kumaresan

June 18, 2024 | 3:17 pm

BA

A Boeing whistleblower has alleged that the company lost track of up to 400 faulty parts that were installed in 737 jets. This issue is expected to be discussed in an upcoming Senate hearing.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 1:57 pm

XOM

On June 17, U.S. District Judge Mark T. Pittman dismissed as moot ExxonMobil's action against Arjuna Capital.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 1:43 pm

PM

VDC

XLP

Philip Morris International Inc. (NYSE:PM) is trading lower in premarket after its affiliate, Swedish Match North America LLC (SMNA), received a subpoena from the Attorney General of D.C. regarding the sale of flavored nicotine pouches. SMNA has suspended online sales of ZYN products and is conducting a review. The inquiry could lead to substantial financial liabilities. Philip Morris stock has gained over 7% in the last 12 months. Investors can gain exposure via Consumer Staples Select Sector SPDR Fund (NYSE:XLP) and Vanguard Consumer Staples ETF (NYSE:VDC).

Portfolio Pulse from Shivani Kumaresan

June 18, 2024 | 12:37 pm

META

SNAP

A new GOP-led bill, the Take It Down Act, aims to hold social media platforms like Meta's Facebook, Instagram, and Elon Musk's X accountable for removing deepfake pornographic images within 48 hours of a valid request. The bill, sponsored by Sen. Ted Cruz, seeks to protect victims by mandating the removal of such images and any copies. The Federal Trade Commission will enforce these rules.

Portfolio Pulse from Benzinga Neuro

June 18, 2024 | 12:12 pm

PM

Philip Morris International shares are trading lower after its subsidiary, Swedish Match North America, received a subpoena from the Attorney General of the District of Columbia and announced the suspension of online sales on ZYN.com.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 11:18 am