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Legal

AAPL

Apple Inc. (NASDAQ:AAPL) is seeking to dismiss the DOJ's antitrust lawsuit, arguing that the complaint lacks allegations of anticompetitive conduct or monopoly power. The court's ruling on the motion to dismiss is expected later this year or early next year.

Portfolio Pulse from Ananya Gairola

May 22, 2024 | 4:27 am

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CLF

MTAL

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X

Today's top mining stories include U.S. Steel addressing misinformation about its deal with Nippon Steel, Paramount Gold Nevada's joint reclamation bond for its Grassy Mountain gold mine, Metals Acquisition's warrant redemption, and Alcoa's amended acquisition agreement with Alumina Limited.

Portfolio Pulse from austin@walkonholdings.com

May 21, 2024 | 9:16 pm

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GLASF

Glass House Brands Inc. has voluntarily dismissed its defamation lawsuit against Catalyst Cannabis Co. due to concerns about Catalyst's financial viability and potential harassment threats to its customers. Catalyst had initially sued Glass House, accusing it of profiting from the illicit cannabis market. Glass House cited Catalyst's lack of credible evidence and financial instability as reasons for the dismissal.

Portfolio Pulse from Patricio Liddle

May 21, 2024 | 8:18 pm

MSFT

Scarlett Johansson declined an offer from OpenAI to be the voice of their ChatGPT assistant, but the company seemingly used a voice modeled after hers anyway. This led to legal action from Johansson, prompting OpenAI to take down the voice. The incident highlights broader issues with AI training practices and the need for regulations to protect creators.

Portfolio Pulse from Aaron Bry

May 21, 2024 | 8:14 pm

HHH

Howard Hughes Corporation has received a favorable decision from the New York State Court of Appeals for its 250 Water Street project in Lower Manhattan. This decision, along with the extension of the 421-a tax exemption, removes all obstacles to construction and is expected to unlock significant value for shareholders.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 8:05 pm

DJT

The criminal case against Donald Trump alleging falsified business records related to hush money payments is nearing its conclusion. Both the prosecution and defense have rested, with the trial now moving to closing arguments. Trump Media & Technology Group (NASDAQ: DJT) shares could be volatile as the trial progresses.

Portfolio Pulse from Chris Katje

May 21, 2024 | 7:46 pm

ODD

ODDITY Tech Ltd. (NASDAQ:ODD) has rejected a short seller report by NINGI Research, stating that the allegations are based on factual inaccuracies, incorrect assumptions, and unfounded speculation. ODDITY clarified that its Israeli brick-and-mortar business represents less than 5% of its net revenue and EBITDA, and that its financials are fully audited by Ernst & Young. The company emphasized its strong customer experience and technology-driven business model.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 7:26 pm

TECH

Molecular Instruments announced that the Patents Court of England and Wales has revoked two patents owned by Advanced Cell Diagnostics, a Bio-Techne company (NASDAQ: TECH). The court dismissed Advanced Cell Diagnostics' infringement claims against Molecular Instruments and ordered Advanced Cell Diagnostics to pay approximately $1.72 million in costs.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 7:21 pm

MSFT

Elon Musk criticized OpenAI for allegedly mimicking Scarlett Johansson's voice in its GPT-4o model. Johansson has taken legal action against OpenAI, which is backed by Microsoft (NASDAQ:MSFT). OpenAI denies the allegations, claiming the voice belongs to a different actress. This incident raises ethical and intellectual property concerns in AI development.

Portfolio Pulse from Rounak Jain

May 21, 2024 | 7:19 pm

PRGO

Donald J. Trump has posted on Truth Social denying any support for restrictions on birth control or contraceptives, calling such claims misinformation fabricated by Democrats.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 6:08 pm