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META

Meta Platforms Inc (NASDAQ:META) is facing 11 privacy complaints from the EU regarding its proposed use of personal data to train AI models. The complaints, filed by advocacy group NOYB, argue that Meta's changes would breach EU privacy regulations by using personal data without user consent. This comes amid ongoing scrutiny of Meta's privacy practices and legal challenges in both the EU and the U.S.

Portfolio Pulse from Benzinga Neuro

June 06, 2024 | 5:53 am

LLY

NVO

Novo Nordisk is facing significant competition in China as local pharmaceutical companies develop generic versions of its key diabetes and obesity drugs, Ozempic and Wegovy. The patent for these drugs is set to expire in China in 2026, and an adverse court ruling could lead to an earlier loss of patent protection. This could impact Novo Nordisk's market share in a crucial market where it has seen significant sales growth. Additionally, Novo Nordisk faces competition from Eli Lilly's diabetes drug Mounjaro, which was recently approved in China.

Portfolio Pulse from Benzinga Neuro

June 06, 2024 | 1:07 am

DJT

SPY

A Georgia appeals court has halted the criminal election case against former President Donald Trump and eight co-defendants, pending the outcome of Trump's request to disqualify Fulton County District Attorney Fani Willis. This delay means the trial will not occur before the November presidential election.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 8:52 pm

BA

SPY

Boeing CEO Dave Calhoun is scheduled to testify before the U.S. Senate Committee on June 18. This testimony could have significant implications for Boeing's regulatory and operational outlook.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 7:38 pm

BA

EADSY

Two new whistleblowers have come forward with safety concerns at Boeing, following the deaths of two other whistleblowers. The whistleblowers highlighted ongoing safety issues and pressure to remain silent. This news comes amid Boeing's efforts to recover from past operational failures, including the grounding of the 737 Max.

Portfolio Pulse from Hayden Buckfire

June 05, 2024 | 4:48 pm

AX

EES

ZIG

Axos Financial, Inc. (NYSE:AX) has responded to Hindenburg Research's short report, which accused the company of misleading and false allegations regarding its credit performance and loan practices. Axos defended its position by highlighting its robust collateral protection and low loan-to-value ratios. The Acquirers Fund (NYSE:ZIG) and WisdomTree U.S. SmallCap Fund (NYSE:EES) provide exposure to Axos stock.

Portfolio Pulse from Lekha Gupta

June 05, 2024 | 4:44 pm

META

VOX

XLC

Meta Platforms Inc (NASDAQ:META) is facing allegations from the FTC for withholding information during its acquisitions of Instagram and WhatsApp. The FTC is pushing to dismantle Meta through an ongoing lawsuit, claiming that Meta did not provide crucial pre-acquisition documents. Meta argues that its investments in Instagram and WhatsApp have benefited consumers. Meta's stock has gained over 99% in the last 12 months, and investors can gain exposure through ETFs like Vanguard Communication Services ETF (NYSE:VOX) and Communication Services Select Sector SPDR Fund (NYSE:XLC).

Portfolio Pulse from Shivani Kumaresan

June 05, 2024 | 4:41 pm

SIRI

Canada's Competition Bureau has announced that Sirius XM will pay a $3.3 million penalty to settle concerns over misleading subscription price advertising.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 4:12 pm

HJEN

HYDR

PLUG

Plug Power (NASDAQ:PLUG) shares fell 6% following a call for a government investigation into a $1.66 billion loan guarantee. Concerns were raised about potential conflicts of interest and the company's financial stability. The stock has lost over 29% in the last six months.

Portfolio Pulse from Nabaparna Bhattacharya

June 05, 2024 | 4:00 pm

MDT

Medtronic has reported 28 complaints related to an issue with its StealthStation S8 application, which has led to a recall of certain versions of the software due to a potential error that may cause incorrect measurements during cranial surgery.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 3:15 pm