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Legal

DJT

Former President Donald Trump's pro-crypto comments have led to a significant surge in the value of his NFT collections, with the floor price of his first collection increasing by 94.2% over the last 20 days. Trump's media company, Trump Media & Technology Group Corp (NASDAQ:DJT), also saw a 9% increase in its stock price. The upcoming verdict in Trump's hush money trial could further impact the volatility of these assets.

Portfolio Pulse from Chris Katje

May 28, 2024 | 8:38 pm

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CGC

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MRMD

VRNOF

The DEA has clarified that THCA must be included in THC concentration levels to comply with the legal definition of hemp, causing concerns within the hemp industry. This comes as Congress revisits cannabinoid regulations in the Farm Bill, with a key House committee passing an amendment to ban most hemp-derived cannabinoids like delta-8 THC. Major cannabis companies, including Curaleaf Holdings, have expressed opposition to these changes.

Portfolio Pulse from Patricio Liddle

May 28, 2024 | 8:26 pm

EQR

Equity Residential expects its FY24 EPS and FFO per share to be in the bottom half of guidance ranges due to a litigation reserve adjustment made during Q1.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:22 pm

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MBCC

NKE

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Nike has won a partial victory in its trademark battle with Adidas, allowing it to use three stripes on some of its trouser designs in Germany. The court ruling partially overturns a previous decision that had favored Adidas entirely. Nike's stock has lost over 13% in the last 12 months, but shares were trading slightly higher following the news.

Portfolio Pulse from Shivani Kumaresan

May 28, 2024 | 6:43 pm

UBER

Over 10,500 London black-cab drivers have filed a £250 million lawsuit against Uber Technologies Inc (NYSE:UBER), accusing the company of breaking taxi booking rules and misleading authorities. This legal challenge comes amidst a 21% drop in Uber's stock price over the past two months, reflecting volatility in its financial performance.

Portfolio Pulse from Zaheer Anwari

May 28, 2024 | 4:48 pm

SE

Sea Limited (NYSE:SE) shares are trading lower after its subsidiary, Shopee, was accused of anti-competition breaches in Indonesia. The Indonesian antitrust agency, KPPU, claims Shopee directed customers to specific delivery services, reducing options. Shopee is expected to present its defense next month.

Portfolio Pulse from Dylan Berman

May 28, 2024 | 4:48 pm

DJT

The trial of former President Donald Trump, accused of falsifying business records related to a hush money payment, is nearing its conclusion with closing arguments set to begin. The jury has multiple potential outcomes to decide from, including guilty on all counts, guilty on some counts, not guilty, hung jury, or a directed verdict. The trial's outcome could significantly impact Trump's future, including his control over Trump Media & Technology Group Corp (NASDAQ:DJT).

Portfolio Pulse from Chris Katje

May 28, 2024 | 4:39 pm

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PEP

Western firms like Avon Products, Air Liquide, and Reckitt are facing significant challenges in exiting Russia due to rising costs, bureaucratic hurdles, and geopolitical tensions. Despite the complications, some companies like PepsiCo and Coca-Cola Hellenic continue to operate successfully in the region.

Portfolio Pulse from Benzinga Neuro

May 28, 2024 | 2:53 pm

AMZN

GOOGL

META

SNAP

A U.S. appeals court is set to hear legal challenges in September regarding a law that could potentially ban TikTok. This development could have significant implications for various tech companies and social media platforms.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 2:07 pm

SE

Sea shares are trading lower after the company's Shopee was reportedly accused of suspected anti-competition breaches in Indonesia.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:58 pm