Streetbeat News

Legal

AAPL

Apple is facing allegations from the Democratic Republic of Congo (DRC) that it is sourcing minerals from conflict areas in eastern Congo. Lawyers representing the DRC claim that minerals mined by armed groups are being smuggled through neighboring countries and may end up in Apple products. Despite Apple's claims of ethical sourcing, the DRC's lawyers argue that these claims lack verifiable evidence.

Portfolio Pulse from Stjepan Kalinic

May 23, 2024 | 3:52 pm

LYV

The U.S. Department of Justice has filed an antitrust lawsuit against Live Nation Entertainment Inc (NYSE: LYV), causing its shares to tumble. Live Nation argues that the lawsuit misattributes the causes of high ticket prices and denies that it operates as a monopoly.

Portfolio Pulse from Adam Eckert

May 23, 2024 | 3:51 pm

MSFT

Scarlett Johansson's dispute with OpenAI over the use of a voice similar to hers in the movie 'Her' has reignited Hollywood's concerns about AI. The controversy has raised ethical questions about AI's role in the entertainment industry, despite OpenAI's claims that the voice was not intended to resemble Johansson's. Microsoft-backed OpenAI faces criticism from industry insiders and actors union SAG-AFTRA, highlighting the need for ethical guidelines in AI usage.

Portfolio Pulse from Rounak Jain

May 23, 2024 | 3:37 pm

NSC

Norfolk Southern and the EPA have reached a $310 million settlement over the East Palestine derailment incident. This settlement aims to address the environmental and community impacts caused by the derailment.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 3:36 pm

JNJ

Johnson & Johnson (NYSE:JNJ) faces a lawsuit from cancer victims accusing the company of fraudulent bankruptcy tactics to avoid litigation. The plaintiffs argue that J&J's 'Texas two-step' maneuver was designed to protect its assets from lawsuits related to its talc products. Despite previous court rulings against its bankruptcy attempts, J&J plans a third bankruptcy with a $6.48 billion settlement proposal. Recent litigation has seen mixed outcomes for the company.

Portfolio Pulse from Vandana Singh

May 23, 2024 | 3:26 pm

LYV

The Department of Justice (DOJ) and State Attorneys General have filed an antitrust lawsuit against Live Nation and Ticketmaster, alleging monopolistic practices. Live Nation argues that the lawsuit will not reduce ticket prices or service fees and distracts from real solutions like allowing artists to cap resale prices.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 2:54 pm

LYV

SPY

The U.S. Department of Justice and a group of states have filed a lawsuit against Live Nation Entertainment, according to a court document cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 2:29 pm

NSC

Norfolk Southern has agreed to pay a $15 million civil penalty and $57.1 million to reimburse the EPA for past response costs related to the 2023 East Palestine derailment.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 2:27 pm

EEM

EMXC

FRHC

KSPI

The article discusses the performance and potential of two Kazakh companies, Kaspi.Kz (KSPI) and Freedom Holding Corp (FRHC), listed on the Nasdaq. Kaspi.Kz debuted at $95.97 per share and has shown strong performance, while Freedom Holding has faced legal challenges but is showing signs of recovery. The article also mentions the iShares MSCI Emerging Markets Ex-China ETF (EMXC) and the iShares MSCI Emerging Markets Index ETF (EEM) as benchmarks.

Portfolio Pulse from Kenneth Rapoza

May 23, 2024 | 1:12 pm

IYE

XLE

XOM

Exxon Mobil Corporation (NYSE:XOM) has won the first round in a lawsuit against climate activist groups Arjuna Capital and Follow This. A U.S. judge allowed Exxon to continue its case against Arjuna Capital but not against Follow This, which is based in the Netherlands. The legal battle highlights the tension between shareholder interests and environmental concerns in the energy sector.

Portfolio Pulse from Lekha Gupta

May 23, 2024 | 1:06 pm