Streetbeat News

Legal

DASH

New York Attorney General Letitia James announced a settlement with DoorDash for discriminatory hiring practices. DoorDash will reform its hiring practices, review approximately 3,000 previously rejected applications, and pay $75,000 to applicants who were illegally rejected.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 2:10 pm

LLY

NVO

Eli Lilly (NYSE:LLY) has reached a settlement with Totality Medispa over counterfeit versions of its diabetes and weight loss drugs, Mounjaro and Zepbound. The settlement includes a monetary payment and corrective actions by Totality Medispa. Eli Lilly and Novo Nordisk (NYSE:NVO) are actively pursuing legal actions against various entities to stop the sale of counterfeit products containing semaglutide and tirzepatide.

Portfolio Pulse from Vandana Singh

May 15, 2024 | 2:03 pm

ERIC

ITA

PPA

The U.S. Justice Department has accused Boeing of violating a 2021 settlement agreement related to the 737 MAX crashes, potentially exposing the company to criminal charges. The allegations include lapses in inspections and falsified records for the 787 Dreamliner. This could lead to extended probation or a guilty plea for Boeing. The case highlights increased scrutiny of corporate probation deals under the Biden administration.

Portfolio Pulse from Shivani Kumaresan

May 15, 2024 | 2:00 pm

DLO

MuddyWatersResearch posted on X (formerly Twitter) about the potential for fraud in the company DLocal Limited (DLO), suggesting that in a world without enforcement, fraudulent activities can take a long time to be exposed.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 1:25 pm

GOOG

GOOGL

MSFT

Alphabet Inc.'s CEO Sundar Pichai addressed allegations that OpenAI, backed by Microsoft, may have violated YouTube's terms of service by scraping over a million hours of videos to train its AI model, Sora. Pichai emphasized that OpenAI should answer these questions and mentioned that Google has processes to investigate such breaches.

Portfolio Pulse from Rounak Jain

May 15, 2024 | 9:50 am

SOLUSD

A core developer for the Solana-based decentralized exchange Cypher admitted to misappropriating $300 million meant for hack victims, leading to concerns over the integrity of the ecosystem. The developer, known as 'Hoak,' publicly confessed to gambling away the funds. This incident follows a previous hack on the platform, raising further questions about security and trust within the Solana ecosystem.

Portfolio Pulse from Aniket Verma

May 15, 2024 | 8:24 am

CVX

HES

XOM

Hillary Clinton has accused Donald Trump of attempting to bribe fossil fuel CEOs to reverse President Joe Biden's climate policies in exchange for $1 billion. This accusation comes amid ongoing controversies involving Trump and the oil industry, including a proposed $53 billion merger between Chevron and Hess Corp, which has raised concerns about potential higher gas prices.

Portfolio Pulse from Benzinga Neuro

May 15, 2024 | 6:03 am

AMC

GME

PLUG

RUM

TSLA

On Tuesday, major U.S. stock indices closed higher, with notable gains in GameStop, AMC, Plug Power, Rumble, and Tesla. GameStop and AMC saw significant surges, potentially allowing them to raise capital. Plug Power benefited from a DOE loan commitment, while Rumble's revenue missed estimates. Tesla faced a lawsuit over Clean Air Act violations.

Portfolio Pulse from Benzinga Neuro

May 15, 2024 | 2:19 am

GOOG

GOOGL

YouTube, a subsidiary of Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), will comply with a Hong Kong court order to block access to 32 video links, including the protest anthem 'Glory to Hong Kong.' This decision raises concerns about Hong Kong's commitment to a digital economy and free speech.

Portfolio Pulse from Benzinga Neuro

May 15, 2024 | 1:55 am

AAL

ALK

DAL

JBLU

UAL

Major airlines, including Delta, American, United, JetBlue, Hawaiian, and Alaska Airlines, have sued the Biden administration over a new rule requiring upfront disclosure of additional fees. Transportation Secretary Pete Buttigieg expressed astonishment at the lawsuit, emphasizing the rule's intent to protect consumers from hidden fees.

Portfolio Pulse from Benzinga Neuro

May 15, 2024 | 1:09 am