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GME

Short-seller Andrew Left has raised doubts about Keith Gill's (Roaring Kitty) recent $150 million investment in GameStop (NYSE:GME), suggesting it may not be his own money and lacks a solid investment thesis. Left believes this move is an attempt to take advantage of retail traders and warns that the current market conditions are different from the meme stock rally of 2021.

Portfolio Pulse from Shanthi Rexaline

June 04, 2024 | 9:08 am

JNJ

Johnson & Johnson (NYSE:JNJ) has been ordered to pay $260 million in a talc trial, with $60 million in compensatory damages and $200 million in punitive damages. The company plans to appeal the decision, which comes amid ongoing legal battles and a proposed $6.48 billion settlement for talc-related lawsuits.

Portfolio Pulse from Benzinga Neuro

June 04, 2024 | 5:58 am

GME

Ross Gerber, CEO of Gerber Kawasaki, expressed concerns about GameStop (NYSE:GME) on X, following a significant surge in the stock driven by Keith Gill's (Roaring Kitty) large position reveal. Citron Research and Jim Cramer also commented on the situation, with Cramer advising investors to take profits.

Portfolio Pulse from Benzinga Neuro

June 04, 2024 | 3:27 am

GME

MS

Dave Portnoy criticized E*Trade, owned by Morgan Stanley, for considering banning Roaring Kitty (Keith Gill) over stock manipulation allegations. Citron Research also commented on Roaring Kitty's actions, suggesting possible manipulation. Public.com invited Roaring Kitty to trade on its platform.

Portfolio Pulse from Michael Cohen

June 03, 2024 | 9:57 pm

SHIP

Sphinx Investment has released a statement regarding its investment in Seanergy Maritime, addressing ongoing litigation and shareholder proposals. Sphinx criticizes Seanergy's recent media statements and press release, suggesting that the company is attempting to mislead shareholders about the actions of its CEO and Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 8:47 pm

AMC

GME

MS

Morgan Stanley is considering banning Keith Gill, known as 'The Roaring Kitty,' from its E*Trade platform due to allegations of stock manipulation. Gill's recent disclosure of significant GameStop holdings led to a surge in meme stock prices, including GameStop and AMC.

Portfolio Pulse from Piero Cingari

June 03, 2024 | 8:22 pm

CUTR

Cutera has reached a settlement agreement with Lutronic Aesthetics to resolve all litigation and arbitration matters. Lutronic will pay $5.75 million to Cutera within 30 days, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 8:18 pm

GME

MS

Morgan Stanley, the owner of E*Trade, has raised internal concerns about Keith Gill's trading activities involving GameStop (GME). The firm is considering removing Gill from its platform after he bought a large volume of GameStop call options before the May rally.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 7:42 pm

IGF

IHF

ITB

TIP

President Joe Biden is expected to sign an executive order to temporarily close the U.S.-Mexico border to migrants when crossings exceed a certain threshold, marking a significant policy shift. This move is in response to increasing pressure to address illegal migration, a key voter concern ahead of the 2024 presidential election.

Portfolio Pulse from Anthony Noto

June 03, 2024 | 7:13 pm

MSTR

MicroStrategy Inc. (NASDAQ:MSTR) and its executive chairman Michael Saylor have agreed to a $40 million settlement to resolve a tax fraud lawsuit brought by the Washington D.C. attorney general. The lawsuit accused Saylor of failing to pay over $25 million in income taxes. Saylor denied the accusations, claiming his residence was in Florida. The settlement is the largest income tax recovery in District history. MicroStrategy clarified that the company was not responsible for Saylor's personal tax matters.

Portfolio Pulse from Murtuza Merchant

June 03, 2024 | 5:57 pm