Streetbeat News

Legal

BLKB

The FTC has finalized an order against Blackbaud Inc. for security failures that led to a data breach, requiring the company to implement a comprehensive information security program and notify the FTC of future breaches.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 3:08 pm

LYV

The House has approved the TICKET Act, which mandates upfront disclosure of ticket prices and guarantees refunds for cancellations. This legislation, spurred by the Ticketmaster controversy during Taylor Swift's Eras Tour, now awaits Senate approval and the president's signature. The Act aims to eliminate hidden fees and deceptive ticketing practices, with significant implications for Live Nation Entertainment Inc (NYSE:LYV), Ticketmaster's parent company.

Portfolio Pulse from Franca Quarneti

May 20, 2024 | 3:01 pm

ISRA

The International Criminal Court (ICC) prosecutor has requested arrest warrants for Israeli leaders, including Prime Minister Benjamin Netanyahu and Defense Minister Yoav Gallant, on charges of war crimes. The charges relate to actions in Gaza, including starvation and attacks on civilians. Arrest warrants are also sought for Hamas leaders. The VanEck Israel ETF (NYSE:ISRA) remained unchanged on Monday after a slight drop on Friday.

Portfolio Pulse from Piero Cingari

May 20, 2024 | 2:38 pm

RGR

SWBI

The U.S. Supreme Court has rejected an appeal challenging Maryland's ban on assault weapons. This decision upholds the state's law, which prohibits the sale and possession of certain semi-automatic firearms. The ruling is significant for gun manufacturers and could impact companies like Sturm, Ruger & Company (RGR) and Smith & Wesson Brands, Inc. (SWBI).

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 1:33 pm

AKTS

QRVO

Akoustis Technologies shares are trading lower after Qorvo won a jury verdict against the company in a trade secret misappropriation and patent infringement case.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:42 pm

EXEL

Exelixis has settled its patent litigation with Cipla, granting Cipla a license to market generic versions of CABOMETYX starting January 1, 2031, pending FDA approval and other conditions. All Hatch-Waxman litigation regarding CABOMETYX has been terminated.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:17 pm

BAER

Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER) has responded to recent politically-motivated media attacks, clarifying that its 2023 net loss included investment costs and compensation expenses.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:12 pm

AKTS

QRVO

On May 17, 2024, Qorvo won a jury verdict against Akoustis Technologies in a trade secret misappropriation and patent infringement case, awarding Qorvo $38.6M in damages. Akoustis plans to challenge the verdict, but the financial uncertainties could impact its ability to raise capital and may necessitate operational cutbacks or bankruptcy protection.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:10 pm

AGFY

NMHI

Nature's Miracle Holding Inc. (NASDAQ:NMHI) and Agrify Corporation (NASDAQ:AGFY) have mutually agreed to terminate their previously announced merger plan due to unfavorable market conditions. Both companies have executed termination agreements with mutual releases and no fees attached.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 11:34 am

AAPL

CMCSA

GME

GOOG

GOOGL

META

MSFT

RUM

SONY

TTWO

The past week in consumer tech saw significant developments including Chinese chipmakers advancing in HBM semiconductors, Meta's CEO celebrating his birthday on a new superyacht, Google's AR glasses prototype, and Comcast's new streaming bundle. Other highlights include Apple's new accessibility features, Sony's PS5 shipment decline, and OpenAI's GPT-4o launch.

Portfolio Pulse from Lekha Gupta

May 20, 2024 | 11:31 am