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MASI

Politan Capital Management, an 8.9% shareholder of Masimo Corporation, has filed a preliminary proxy statement to nominate two independent candidates for Masimo's Board of Directors. Politan criticizes Masimo's nomination of Christopher Chavez, arguing it shows a reluctance to add truly independent directors. The nominations will be voted on at the 2024 Annual Meeting of Stockholders on July 25th.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 1:01 pm

TMUS

VPLM

VZ

VoIP-Pal has filed patent infringement lawsuits against Verizon and T-Mobile, alleging that both companies have infringed on its 'Routing, Billing, and Rating' patents.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:31 pm

MSTR

On May 31, 2024, a consent order was stipulated between the District, Mr. Saylor, and the company, releasing Mr. Saylor and the company from all claims related to the conduct described in their complaints upon payment of $40 million to settle the case.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:13 pm

GSK

GSK shares are trading lower after the company announced it will appeal a ruling made by the Delaware State Court regarding its ongoing ranitidine litigation.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 11:34 am

LQDA

UTHR

The U.S. District Court for the District of Delaware denied United Therapeutics' motion for a preliminary injunction to block the launch of Liquidia's Yutrepia (Treprostinil) inhalation powder for PH-ILD. This ruling clears the way for the FDA to issue a final decision on the amended New Drug Application for Yutrepia.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 11:18 am

GSK

GSK disagrees with a Delaware State Court ruling that contradicts a Federal Court's multidistrict litigation ruling, which dismissed all cases alleging five cancer types in December 2022. GSK will immediately seek an appeal.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 8:31 am

BA

A federal jury has ordered Boeing to pay $72 million to electric aircraft startup Zunum Aero for allegedly stealing trade secrets. Boeing plans to contest the judgment, which could be tripled under trade secrets law. This comes amid ongoing regulatory scrutiny and a significant year-to-date stock decline for Boeing.

Portfolio Pulse from Anan Ashraf

June 03, 2024 | 7:17 am

ERIC

Ericsson (NASDAQ:ERIC) has successfully concluded its compliance monitoring by the DOJ, which was part of a Deferred Prosecution Agreement (DPA) related to FCPA violations. The independent compliance Monitor has certified that Ericsson's anti-corruption measures are effective.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 7:02 am

GS

JPM

MS

TSLA

Elon Musk and Jamie Dimon may have ended their long-standing feud, paving the way for potential business collaborations between Tesla and JPMorgan. This development follows Musk's attendance at JPMorgan's tech conference in March. However, an ongoing legal battle between the two companies could pose challenges.

Portfolio Pulse from Shanthi Rexaline

June 02, 2024 | 10:43 pm

BTCUSD

Anthony Scaramucci criticized President Biden's veto of the crypto custody bill, warning it could have significant repercussions. The bill, H.J.Res. 109, aimed to overturn the SEC's approach to banks and crypto, which currently classifies customers' crypto assets as liabilities. Scaramucci also criticized Sen. Elizabeth Warren and supported Republican Senate candidate John Deaton. Biden expressed willingness to work on a comprehensive regulatory framework for digital assets.

Portfolio Pulse from Shanthi Rexaline

June 02, 2024 | 6:49 pm