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ALK

BA

ITA

PPA

Boeing Co (NYSE:BA) shares are trading higher after a Reuters report indicated that its executives are unlikely to face criminal charges over the fatal crashes in 2018 and 2019. The five-year statute of limitations for prosecuting most federal crimes has likely expired. Boeing has until June 13 to present any disagreements with the Justice Department's findings, which will decide by July 7 whether to prosecute, extend the DPA, or pursue other options. Boeing stock has lost more than 14% in the last 12 months, but shares are up 2.27% on Monday.

Portfolio Pulse from Shivani Kumaresan

June 03, 2024 | 5:19 pm

NOTV

Inotiv's subsidiary Envigo has pleaded guilty to mistreatment of beagles and will pay a total of $35 million in fines and funds for environmental and animal welfare causes.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 4:43 pm

LQDA

Liquidia shares are trading higher following a favorable ruling by the U.S. District Court for the District of Delaware, which denied United Therapeutics' request to block the launch of YUTREPIA.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 4:28 pm

TD

Fresh allegations have surfaced that a TD banker accepted bribes, expanding the scope of the DOJ probe to Florida. This development could have significant implications for TD's reputation and regulatory standing.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 3:34 pm

NDAQ

EU antitrust regulators are unlikely to seek feedback from rivals and users regarding EEX's proposed remedies for its deal with Nasdaq. The regulators likely view the remedies as insufficient and are expected to open an investigation into the deal. EEX could potentially avoid the investigation by offering more remedies in the coming days, according to sources.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 3:25 pm

ERIC

Ericsson (NASDAQ:ERIC) has announced the conclusion of its US anti-corruption compliance monitorship, which was part of a Deferred Prosecution Agreement (DPA) with the U.S. Department of Justice (DOJ). The monitorship, which began in June 2020, has been successfully completed, and the company's anti-corruption compliance program has met all requirements. Despite this positive development, Ericsson recently reported a 15% year-over-year sales decline and missed revenue expectations, although its EPS beat consensus estimates.

Portfolio Pulse from Lekha Gupta

June 03, 2024 | 3:10 pm

GSK

SNY

GSK Plc (NYSE:GSK) shares fell after a Delaware State Court ruling allowed over 70,000 lawsuits related to its discontinued heartburn drug, Zantac, to proceed. The ruling contradicts a previous Federal Court decision that dismissed similar cases. Sanofi SA (NASDAQ:SNY) also faces litigation and plans to appeal the decision.

Portfolio Pulse from Vandana Singh

June 03, 2024 | 1:53 pm

BA

GE

ITA

PPA

Boeing Co. (NYSE:BA) is facing ongoing safety issues, including a recent midair panel blowout on a 737 MAX plane. IATA's head, Willie Walsh, urges Boeing to learn from past mistakes. CEO Dave Calhoun will leave by the end of the year. Boeing's market position is impacted by legal actions, production declines, and competition from Airbus SE (OTC:EADSY). Supply chain disruptions are expected to persist until 2025 or 2026. Boeing's stock has dropped 32% this year, and investors can gain exposure through IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Invesco Aerospace & Defense ETF (NYSE:PPA).

Portfolio Pulse from Shivani Kumaresan

June 03, 2024 | 1:50 pm

TSLA

Elon Musk's potential purchase of a house from Tesla director Joe Gebbia has raised governance concerns at Tesla Inc. (NASDAQ:TSLA). Gebbia stepped down from a special committee due to his personal relationship with Musk. Proxy advisers and shareholder groups have questioned the committee's independence and findings, leading to potential volatility in Tesla shares ahead of a crucial shareholder vote on June 13.

Portfolio Pulse from Benzinga Neuro

June 03, 2024 | 1:49 pm

NTGR

An ITC judge has ruled that TP-Link violated U.S. trade laws by infringing on NETGEAR's patents through the import and sale of multi-band Wi-Fi devices, routers, and mesh networking devices in the U.S.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 1:15 pm