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Boeing's CEO David Calhoun will testify before U.S. senators regarding the company's safety measures amid ongoing investigations by the NTSB and FAA. The hearing follows a 737 Max incident and ongoing scrutiny of Boeing's safety practices. Despite efforts to address these issues, Boeing continues to face challenges, including a recent FAA investigation into falsely documented titanium parts.

Portfolio Pulse from Benzinga Neuro

June 18, 2024 | 5:42 am

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A federal judge has dismissed Exxon Mobil's lawsuit against climate activist shareholder Arjuna Capital over a climate proposal. The lawsuit aimed to prevent the submission of a proposal calling for accelerated carbon dioxide emissions reductions. Despite the withdrawal of the proposal, Exxon continued the lawsuit, which was ultimately dismissed as moot. This marks a significant moment in the ongoing battle between Exxon and climate activists.

Portfolio Pulse from Benzinga Neuro

June 18, 2024 | 4:55 am

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On Monday, major U.S. indices saw gains, with the Dow Jones, S&P 500, and Nasdaq all closing higher. Key stocks that gained attention include Palantir Technologies, Mustang Bio, DraftKings, Micron Technology, and Tesla, each experiencing significant price movements due to various catalysts such as analyst ratings, clinical trial results, legal decisions, and corporate actions.

Portfolio Pulse from Benzinga Neuro

June 18, 2024 | 3:12 am

DKNG

DraftKings Inc. (NASDAQ:DKNG) shares surged by 7.81% on Monday following a U.S. Supreme Court decision that supports the Seminole Tribe's exclusive rights to online sports betting in Florida. Additionally, optimism about New Jersey's 2025 budget not including new taxes contributed to the positive sentiment.

Portfolio Pulse from Vaishali Prayag

June 17, 2024 | 8:23 pm

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Deutsche Telekom, the parent company of T-Mobile, announced plans to enter Bitcoin mining. This move could significantly impact the industry, although details about the scale and location of the mining operations are still unclear. The Bitcoin mining community views this as a positive development for Bitcoin's security, but there are concerns about increased competition. T-Mobile has faced legal issues related to customer security breaches in the past, raising questions about its ability to navigate Bitcoin mining complexities.

Portfolio Pulse from Murtuza Merchant

June 17, 2024 | 7:16 pm

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The U.S. Supreme Court has agreed to hear Nvidia's appeal regarding a lawsuit that accuses the company of misleading investors about its cryptocurrency exposure. The case, which was initially dismissed in 2021, was revived by the 9th U.S. Circuit Court of Appeals. Nvidia argues that the ruling could lead to speculative litigation.

Portfolio Pulse from Adam Eckert

June 17, 2024 | 6:54 pm

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Matthews International is set to defend against Tesla's trade secret complaint filed in federal district court. Matthews International claims the allegations are without merit.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 6:07 pm

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Adobe Inc (NASDAQ:ADBE) shares are trading lower after the U.S. Federal Trade Commission (FTC) accused the company and two executives of deceptive practices related to its subscription cancellation policies. The FTC alleges that Adobe did not clearly disclose early termination fees associated with its 'annual paid monthly' subscription plan, leading to consumer manipulation. Adobe has denied these claims and plans to refute them in court. The news has caused a 1.911% drop in Adobe's stock price.

Portfolio Pulse from Shivani Kumaresan

June 17, 2024 | 5:59 pm

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Tesla has filed a lawsuit against Matthews International, alleging that Matthews disclosed confidential trade secrets to other companies.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 5:47 pm

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Adobe has responded to an FTC complaint, vowing to refute the claims in court. The company asserts that it maintains transparency in its subscription terms and offers a simple cancellation process.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 5:23 pm