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CHUC

MO

The FDA has raised concerns about synthetic nicotine analogues like 6-methyl nicotine, which may be more potent and addictive than traditional nicotine. These substances are not currently regulated under U.S. tobacco and vaping laws, allowing manufacturers to sell them without FDA authorization. Altria Group has highlighted the risks and urged the FDA to evaluate these compounds. Charlie's Holdings, which uses 6-methyl nicotine in its SPREE BAR vapes, is expanding its product line and targeting international markets.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:34 pm

TSLA

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), has publicly disagreed with CalPERS CEO Marcie Frost's decision to vote against his compensation package. This follows a Delaware court's decision to overturn Musk's $56 billion pay package, which Tesla's board is attempting to reinstate through a shareholder vote in June. Morgan Stanley analyst Adam Jonas predicts material volatility in Tesla's stock due to the upcoming meeting.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 2:24 pm

AMD

SSNLF

Samsung is under investigation after two workers at its Giheung chip plant were exposed to radiation. The South Korean Nuclear Safety and Security Commission is probing the incident, and the affected machine has been suspended. This comes amid potential labor unrest and Samsung's recent partnership with AMD.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 1:56 pm

TSLA

Elon Musk criticized President Joe Biden for prioritizing Tesla's unionization over its environmental impact. This adds to the ongoing tension between Tesla and the Biden administration, which Musk has previously criticized for its spending on EV infrastructure.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 1:28 pm

XRPUSD

Ripple has donated an additional $25 million to the pro-crypto super PAC Fairshake, bringing its total contribution to $50 million. This move aims to influence the 2024 U.S. elections in favor of crypto-friendly regulations. Ripple's CEO, Brad Garlinghouse, emphasizes the need for a positive regulatory landscape to foster innovation in the crypto space.

Portfolio Pulse from Murtuza Merchant

May 29, 2024 | 1:04 pm

CDNA

NTRA

CareDx has responded to Natera's motion for an injunction related to patent 11,111,544, stating that it no longer uses the process in question and believes the motion is irrelevant. CareDx asserts that the injunction will not impact its business or patient access to its products.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 12:31 pm

AAPL

Apple has won a legal battle in China regarding App Store fees, as reported by Bloomberg. This victory could have significant implications for Apple's operations and revenue in the region.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 12:09 pm

TSLA

A Delaware judge, Chancellor Kathaleen McCormick, has nullified Elon Musk's $56 billion pay package and is assured that Tesla Inc. (NASDAQ:TSLA) will not challenge the ruling in another jurisdiction. Tesla shareholders are set to vote next month to ratify the pay package and reincorporate Tesla in Texas. A hearing for the legal fee requested by the shareholder's legal team is scheduled for July 8.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 6:11 am

DJT

Devin Nunes, CEO of Trump Media & Technology Group Corp (NASDAQ:DJT), has raised concerns about alleged stock manipulation with the Louisiana Office of Financial Institutions. Nunes highlighted that DJT’s stock has been on the Nasdaq Reg SHO Threshold List since April 2, indicating potential illegal 'naked' short-selling activities. Over the past 30 trading days, DJT shares have seen significant failures to deliver (FTDs), with SEC data showing over 1 million FTDs on eleven separate trading days between April 9 and April 30. Nunes has called for an investigation into potential illegal collusion among market participants. Despite these concerns, DJT stock surged by nearly 9% on Tuesday but dipped by 2.10% in after-hours trading.

Portfolio Pulse from Kaustubh Bagalkote

May 29, 2024 | 3:05 am

DWAC

Trump Media CEO has sent a letter to Commissioner P. Scott Jolly of the Office of Financial Institutions for the State of Louisiana, requesting an investigation into short selling activities.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 10:09 pm