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NLST

Netlist won a $445 million damages award against Micron Technology in a patent infringement trial involving DDR4 RDIMMs and DDR4 LRDIMMs.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 11:42 am

FEPI

NLST

PSI

Micron Technology Inc (NASDAQ:MU) has been ordered to pay $445 million in damages to Netlist Inc (OTC:NLST) for patent infringement. The jury found Micron's infringement to be willful, potentially increasing the damages. This follows a previous $303 million verdict Netlist secured against Samsung Electronics Co Ltd (OTC:SSNLF). Micron's stock has gained over 89% in the last 12 months, and investors can gain exposure via Invesco Semiconductors ETF (NYSE:PSI) and REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI).

Portfolio Pulse from Shivani Kumaresan

May 24, 2024 | 10:23 am

MSFT

OpenAI has decided to release the majority of its former employees from non-disparagement agreements linked to their exit contracts and equity. This decision follows concerns raised by employees and a report by Vox. OpenAI has assured that it will not cancel any vested equity of employees who speak out about the company. This policy change comes amid other significant events for OpenAI, including the launch of GPT-4o and a legal dispute with Scarlett Johansson.

Portfolio Pulse from Ananya Gairola

May 24, 2024 | 1:34 am

CVX

OXY

XOM

Senate Democrats are investigating claims that former President Donald Trump proposed a deal with leading oil and gas companies to roll back environmental regulations in exchange for $1 billion in campaign contributions. The investigation targets companies like ExxonMobil, Chevron, and Occidental Petroleum, and aims to highlight Trump's industry connections ahead of the November elections.

Portfolio Pulse from Benzinga Neuro

May 24, 2024 | 1:15 am

BHP

BVN

FMST

TMC

Foremost Lithium completed its winter drilling program, TMC praised a legislative proposal for refining studies, Buenaventura suspended plant operations due to community issues, and BHP secured an extension for its takeover bid of Anglo American.

Portfolio Pulse from austin@walkonholdings.com

May 23, 2024 | 8:27 pm

AZN

GEHC

JNJ

PFE

RHHBY

The Biden administration has urged the U.S. Supreme Court to reconsider a ruling involving 21 pharmaceutical and medical equipment companies accused of funding terrorism in Iraq, resulting in the deaths and injuries of American service members. The companies, including AstraZeneca, Pfizer, GE Healthcare, Johnson & Johnson, and F. Hoffmann-La Roche, allegedly engaged in corrupt practices to secure medical-supply contracts with a militia group. The Justice Department's request follows a precedent set in a previous case involving Twitter.

Portfolio Pulse from Vandana Singh

May 23, 2024 | 6:00 pm

ODD

The Law Offices of Frank R. Cruz has announced an investigation into Oddity Tech Ltd. for potential violations of federal securities laws.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 5:38 pm

GSK

A jury has ruled that Zantac is not a cause of a woman's cancer in the first trial over the drug.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 5:02 pm

TD Bank has terminated over a dozen employees due to conduct issues related to anti-money-laundering failings. Some of these employees in the U.S. are facing criminal charges.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:38 pm

MDLZ

Mondelez International Inc (NASDAQ:MDLZ) has been fined 337.5 million euros by the European Union for anti-competitive practices. The fine was reduced by 15% after Mondelez admitted to the violations. The company restricted cross-border trade of its products within the EU, impacting wholesale clients and exclusive distributors. Mondelez shares are trading lower by 1.23% following the news.

Portfolio Pulse from Shivani Kumaresan

May 23, 2024 | 4:29 pm