Streetbeat News

Legal

ACDVF

Air Canada has been granted the right to test a flight attendant's hair for drugs following reports of misconduct. The decision, made by a federal labor arbitrator, allows the airline to ensure safety despite union objections regarding privacy and personal life rights.

Portfolio Pulse from Nina Zdinjak

May 31, 2024 | 7:20 pm

NVS

Novartis AG (NYSE:NVS) has filed a lawsuit to block a Maryland law requiring drugmakers to offer discounts on drugs dispensed by third-party pharmacies contracting with hospitals and clinics serving low-income populations. The law, set to take effect on July 1, conflicts with the federal 340B drug discount program. Novartis argues that the law attempts to regulate interstate commerce outside of Maryland and complicates recordkeeping and transparency.

Portfolio Pulse from Vandana Singh

May 31, 2024 | 6:12 pm

LLY

NVO

Novo Nordisk (NYSE:NVO) has filed lawsuits against nine additional U.S. clinics for selling fake semaglutide products, bringing the total to 21 lawsuits. Some products were found to be up to 33% impure. Eli Lilly (NYSE:LLY) has also taken legal action against clinics selling counterfeit tirzepatide products.

Portfolio Pulse from Vandana Singh

May 31, 2024 | 6:08 pm

DJT

SPY

President Biden commented on the verdict against former President Donald Trump, emphasizing that the principle that no one is above the law has been reaffirmed. He noted that Trump will have the opportunity to appeal the decision and warned against claims that the process was rigged simply because of disagreement with the outcome.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 5:30 pm

DJT

RUM

Former President Donald Trump announced that he will appeal the guilty verdicts from his recent legal battles. This statement was made during a press conference.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 3:31 pm

DJT

Former President Donald Trump criticized the recent trial where he was found guilty on 34 charges of falsifying business documents, calling it 'rigged' and blaming the Biden administration without evidence. Trump Media & Technology Group (NASDAQ:DJT) shares have been highly volatile, falling significantly after the verdict.

Portfolio Pulse from Chris Katje

May 31, 2024 | 3:18 pm

DJT

SPY

The latest market summary from Benzinga highlights three key events: PCE inflation remains steady at 2.7% year-over-year, former President Donald Trump has been convicted in a New York trial, and Bill Ackman plans to take Pershing Square public by 2025.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 2:17 pm

AAPL

AMD

NVDA

TSM

Apple's supplier Luxshare is accused of illegal operations and talent poaching in Taiwan. This is part of Taiwan's broader efforts to counter Chinese firms' aggressive tactics. The crackdown also involves Zhejiang Dahua Technology. The semiconductor industry, including Apple and Nvidia supplier TSM, is a key focus.

Portfolio Pulse from Anusuya Lahiri

May 31, 2024 | 2:14 pm

BNBUSD

COIN

UNIUSD

Scott Johnsson of Van Buren Capital criticizes the Biden administration's regulatory actions on the cryptocurrency industry, including SEC enforcement against Coinbase, Binance, and Kraken, and the Federal Reserve's denial of Custodia's application. He argues these actions stifle industry growth and innovation.

Portfolio Pulse from Murtuza Merchant

May 31, 2024 | 2:13 pm

DWAC

Trump Media & Technology Group shares are trading lower after Donald Trump was found guilty on all counts of falsifying business records. The stock has been volatile since the late Thursday verdict.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 2:11 pm