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NDVAF

SNDL

Indiva Limited (OTCPK:NDVAF) is restructuring its business under creditor protection due to financial underperformance. The company has obtained an order from the Ontario Superior Court of Justice under the Companies Creditors Arrangement Act (CCAA). SNDL Inc. (NASDAQ:SNDL), an existing creditor, is expected to acquire substantially all of Indiva's business and assets.

Portfolio Pulse from Nina Zdinjak

June 14, 2024 | 2:55 pm

FDIS

TSLA

XLY

Vanguard's vote was crucial in passing Elon Musk's $56 billion compensation package at Tesla's recent shareholder meeting. Despite initial opposition, Vanguard's support was swayed by Tesla's exceptional performance and shareholder value creation. The approval does not conclude ongoing legal challenges, and Vanguard also backed Tesla's proposal to relocate its incorporation from Delaware to Texas.

Portfolio Pulse from Shivani Kumaresan

June 14, 2024 | 2:50 pm

SWBI

The U.S. Supreme Court has ruled in favor of a challenge to the federal ban on gun 'bump stock' devices. This decision could have implications for companies involved in the manufacturing and sale of firearms and related accessories.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 2:10 pm

ALTM

Hunterbrook has issued a short report on Arcadium Lithium, raising concerns about the company's financial health and operational practices. The report suggests that Arcadium Lithium may be overvalued and highlights potential risks for investors.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 2:05 pm

TCNNF

Trulieve (OTC:TCNNF) has been fined $350,000 by the Massachusetts Cannabis Control Commission (CCC) for failing to comply with safety protocols, leading to the death of an employee in 2022. The company has also been sued for wrongful death and negligence by the employee's family.

Portfolio Pulse from Nina Zdinjak

June 14, 2024 | 1:11 pm

AREC

American Resources Corporation (NASDAQ: AREC) has responded to recent market volatility and false information circulating in online chat rooms about the company issuing 20 million shares at $0.48 per share. CEO Mark Jensen has denied these claims and stated that the company is taking legal action and notifying regulators.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 1:04 pm

JBLU

The U.S. Transportation Department has fined Emirates $1.5 million for operating flights in restricted airspace with JetBlue's code. This violation occurred between December 2021 and August 2022, breaching a previous consent order from 2020.

Portfolio Pulse from Benzinga Neuro

June 14, 2024 | 12:47 pm

CAT

FCX

QCOM

SBUX

CNBC's 'Final Trades' featured stock picks from various analysts. Jim Lebenthal recommended Qualcomm (QCOM), citing strong technicals and fundamentals. Bryn Talkington highlighted Freeport-McMoRan (FCX) for its support at $45 and new CEO. Jason Snipe chose Caterpillar (CAT), which recently raised its dividend and share repurchase program. Joshua Brown picked Starbucks (SBUX), which won a significant Supreme Court ruling. Stock price movements were mixed, with QCOM and SBUX gaining, while FCX and CAT saw declines.

Portfolio Pulse from Avi Kapoor

June 14, 2024 | 12:43 pm

ASRV

AmeriServ Financial has reached a cooperation and settlement agreement with Driver Management. As part of the agreement, Driver Management will withdraw its notice of nomination of director candidates for election and will not attempt to bring litigation against the company.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:02 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) shareholders approved Elon Musk's $56 billion pay package, but it now requires approval from a Delaware judge. Despite shareholder support, the package faces legal challenges and opposition due to recent declines in sales and stock prices. The outcome remains uncertain.

Portfolio Pulse from Benzinga Neuro

June 14, 2024 | 8:53 am