Streetbeat News

Legal

AAPL

EWC

The Autorité des marchés financiers (AMF) has entered into an agreement with Apple Canada, where Apple has agreed to pay an administrative penalty of $175,000. Additionally, Apple has committed to ensuring that the AppleCare+ plan is offered by an authorized insurer in Québec.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 5:32 pm

CORT

Corcept Therapeutics shares are trading lower following a report suggesting Teva has sued the company, accusing it of a monopoly on Korlym.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 4:32 pm

BA

Republican Senator Grassley has initiated a congressional oversight inquiry into the FAA and Boeing following a mid-air emergency involving a 737 MAX 9 on January 5th.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 4:31 pm

CORT

TEVA

Teva Pharmaceuticals has filed a lawsuit against Corcept Therapeutics, alleging that Corcept is maintaining a monopoly over the drug mifepristone, which is used to treat a rare disorder. The lawsuit could have significant implications for both companies.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 4:31 pm

GOOG

GOOGL

A judge has ruled that the antitrust suit against Google's ad tech practices will go to trial. This decision could have significant implications for Google's business operations and its stock price.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 4:30 pm

RGR

SWBI

VSTO

President Biden has reacted to the Supreme Court's ruling on 'bump stocks', stating that the decision strikes down an important gun safety regulation.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 3:40 pm

AMZN

Amazon is facing a proposed class action lawsuit accusing it of monopolizing the audiobook market, leading to higher distribution fees for authors. The lawsuit claims Amazon's exclusivity agreements impair competition and affect billions in sales. The case seeks over $5 million in damages and class action status for thousands of authors.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 3:36 pm

AAPL

VGK

Apple is set to face charges from the European Commission for allegedly stifling competition on its App Store, marking the first use of the EU's Digital Markets Act against a Big Tech company. The charges could lead to daily penalties of up to 5% of Apple's average daily worldwide turnover. The EU is also investigating Alphabet and Meta for similar issues.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 3:34 pm

AMC

BNPQY

BYND

GME

HSBC

KOSS

KSS

SAVE

South Korea has extended its ban on short selling until March 30, 2025, to combat illegal naked short-selling practices. The decision follows fines imposed on HSBC Holdings and BNP Paribas. The government will impose life imprisonment and harsher fines for illegal short-selling activities.

Portfolio Pulse from Hayden Buckfire

June 14, 2024 | 3:33 pm

MA

V

A proposed $30 billion antitrust settlement by Visa and Mastercard to limit credit and debit card fees for merchants is likely to be rejected by U.S. District Judge Margo Brodie. This development could prolong a nearly two-decade-long legal battle and have significant implications for the credit and debit card industry.

Portfolio Pulse from Aaron Bry

June 14, 2024 | 3:02 pm