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TSLA

Tesla Inc. (NASDAQ:TSLA) is making a concerted effort to gain retail investor support for CEO Elon Musk's pay package ahead of its June 13 annual meeting. The company has launched a dedicated website and enlisted a strategic advisor and law firm to aid the campaign. This follows a Delaware judge's rejection of the compensation agreement in March. Despite significant social media support for Musk, challenges include low retail investor participation and financial declines. Major investors like Leo KoGuan oppose the pay deal, while the stances of Vanguard and BlackRock remain unclear.

Portfolio Pulse from Ramakrishnan M

May 16, 2024 | 8:11 am

PFE

Pfizer Inc. (NYSE:PFE) has agreed to pay up to $250 million to settle thousands of lawsuits related to its discontinued heartburn drug Zantac. The settlement aims to reduce Pfizer's potential liability and reassure investors, despite the company's stance that Zantac did not cause cancer when used as directed.

Portfolio Pulse from Benzinga Neuro

May 16, 2024 | 7:04 am

DJT

Trump Media & Technology Group Corp has filed a non-timely 10-Q with the SEC, citing the timing of the appointment of SMC as the reason for being unable to complete the review of financials without unreasonable effort and expense.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 9:09 pm

TRP

TC Energy plans to appeal court rulings related to its 2016 Columbia Pipeline acquisition. The court awarded Columbia stakeholders $398.4 million in damages, with TC Energy responsible for $199.2 million plus $179.5 million in interest.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 9:05 pm

GOOGL

META

MSFT

TSLA

Z

Moody's report highlights the high rewards and immense risks associated with AI adoption. Large tech companies like Alphabet, Tesla, Meta, and Microsoft are better positioned to manage these risks due to their resources, while small businesses and non-tech companies like Zillow face significant challenges.

Portfolio Pulse from Hayden Buckfire

May 15, 2024 | 8:42 pm

CRSR

Endor AG has agreed on steps with CORSAIR (NASDAQ:CRSR) for a full takeover and financial support to avoid insolvency. A binding agreement is expected by mid-June, with restructuring to be submitted to the Munich court soon.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 7:51 pm

XOM

ExxonMobil has accused proxy advisory firm Glass Lewis of a conflict of interest in its proxy recommendations. This could impact investor sentiment and influence upcoming shareholder votes.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 5:36 pm

DASH

PBJ

PEJ

NY Attorney General Letitia James announced a settlement with DoorDash Inc (NASDAQ:DASH) regarding the rejection of delivery worker applicants with criminal histories. DoorDash will reevaluate rejected applicants, revise hiring policies, and pay a $75,000 penalty. The settlement emphasizes fair employment practices. DoorDash stock has gained 74% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

May 15, 2024 | 4:04 pm

META

Meta Platforms Inc (NASDAQ:META) is launching a third-party fact-checking program for its social media platform Threads. This move comes ahead of the 2024 presidential election and aims to combat misinformation. Meta has faced criticism for its content moderation policies and is under scrutiny from the European Union and a lawsuit from Robert F. Kennedy Jr.

Portfolio Pulse from Hayden Buckfire

May 15, 2024 | 3:20 pm

ABT

The FDA has announced that Abbott is recalling its Heartmate 3 Left Ventricular Assist System Implant Kit due to a risk of blood leakage. The recall has been classified as Class I, the most serious type. Abbott has reported 81 incidents, including 70 injuries and two deaths related to the issue.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 3:13 pm