Streetbeat News

Legal

SPY

President Biden is expected to sign an executive order early next week that will shut off asylum requests and deny entrance to migrants once a daily threshold is exceeded, according to Reuters citing sources.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 7:14 pm

TCNNF

Trulieve Cannabis Corp. has resolved its legal dispute with Harvest of Ohio LLC, acquiring licenses for medical cannabis dispensaries in Columbus and Beavercreek. The settlement also involves transferring the Athens dispensary to Ariane Kirkpatrick and divesting Harvest Grows and Harvest Processing to third parties. Trulieve will provide operational support to the Ironton facility and pay an immaterial amount to Kirkpatrick.

Portfolio Pulse from Jelena Martinovic

May 30, 2024 | 6:41 pm

TKO

A former WWE employee has agreed to delay her lawsuit against Vince McMahon at the request of the DOJ, which is conducting its own investigation. McMahon has denied the claims and stepped down from his role at TKO Group Holdings Inc.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:37 pm

VDC

WMT

XLP

Walmart Inc (NYSE:WMT) experienced a significant technical glitch in its self-checkout systems, leading to widespread mispricing across 1,600 stores. The issue caused both overcharges and undercharges, affecting many customers. Legal experts suggest potential violations of consumer protection laws. Walmart's stock has gained over 33% in the last 12 months, and investors can access it via the Consumer Staples Select Sector SPDR Fund (NYSE:XLP) and Vanguard Consumer Staples ETF (NYSE:VDC).

Portfolio Pulse from Shivani Kumaresan

May 30, 2024 | 5:12 pm

COP

A Trinidad High Court judge has ruled that ConocoPhillips can seek compensation from any proceeds from joint gas projects. PDVSA has been given 7 days to challenge this decision.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 4:10 pm

COP

A court in Trinidad and Tobago has recognized ConocoPhillips' $1.33 billion claim against Venezuela's PDVSA and has given the green light for enforcement. ConocoPhillips aims to attach any proceeds or investment reimbursements from joint gas developments between Venezuela and Trinidad.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 4:09 pm

RICK

The Bear Cave Research has issued a report titled 'More Problems At RCI Hospitality Holdings (RICK)', highlighting potential issues within the company.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 2:35 pm

SPY

The Consumer Financial Protection Bureau (CFPB) has launched an inquiry into junk fees associated with mortgage closing costs. This move aims to address and potentially regulate hidden fees that consumers face during the mortgage process.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 2:06 pm

GTBIF

Illinois lawmakers failed to pass cannabis and hemp-related bills, leading to disappointment among cannabis industry advocates and relief among hemp growers. The Cannabis Equity Coalition of Illinois criticized Green Thumb Industries (OTCQX:GTBIF) for allegedly lobbying against medical marijuana access extensions.

Portfolio Pulse from Nina Zdinjak

May 30, 2024 | 1:16 pm

TSLA

Tesla's board criticized Glass Lewis for recommending shareholders vote against Elon Musk's rescinded $56 billion pay package, citing faulty logic and speculation. The board emphasized Musk's achievements and urged shareholders to support the pay package and the move of Tesla's incorporation to Texas.

Portfolio Pulse from Anan Ashraf

May 30, 2024 | 12:20 pm