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TSLA

Tesla Inc. Chairwoman Robyn Denholm has sold over $50 million in Tesla stock in 2024, as revealed by SEC filings. The sales were part of a pre-arranged 10b5-1 program established in October. This comes amid Tesla's challenges, including falling shares, increased competition, and weakened demand for its EVs. Additionally, Tesla faces internal changes and legal challenges regarding executive compensation, with efforts to reapprove CEO Elon Musk's previously overturned $47 billion pay package.

Portfolio Pulse from Pooja Rajkumari

May 07, 2024 | 2:03 pm

AUPH

Lucien Selce, owning 2.2% of Aurinia Pharmaceuticals Inc. (NASDAQ:AUPH), criticizes the company's board and strategy, particularly in market penetration of Lupkynis and board composition. Selce suggests reducing the board size, linking management compensation to revenue goals, and developing strategic partnerships. He highlights the board's failures, including poor communication, irrelevant skill sets of directors, and questionable decisions by CEO Peter Greenleaf. Selce calls for immediate board restructuring before the Annual General Meeting to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:18 pm

MSFT

Microsoft Corporation (NASDAQ:MSFT) is facing scrutiny from a Spanish startup group, which has filed a complaint with the Spanish antitrust regulator over Microsoft's cloud practices. The complaint alleges Microsoft uses its dominant position to force Azure cloud adoption, setting up barriers that limit startups' ability to compete. This comes amid broader investigations into Microsoft's practices by EU and UK regulators, and follows a similar complaint by CISPE, which includes Amazon.com, against Microsoft.

Portfolio Pulse from Benzinga Neuro

May 07, 2024 | 1:01 pm

NTDOY

Nintendo Co., Ltd. (OTC:NTDOY) announced the launch of a next-gen gaming console to succeed the Switch within the fiscal year ending March 2025. Despite strong sales of the Switch, driven by titles like 'The Legend of Zelda: Tears of the Kingdom,' the company is preparing for a transition with the new console, which aims to address criticisms such as battery life. Nintendo plans to hold back major titles for the new device and has issued a takedown request for over 8,500 copies of the Yuzu emulator code.

Portfolio Pulse from Benzinga Neuro

May 07, 2024 | 12:48 pm

BA

SpaceX CEO Elon Musk criticized Boeing for the delays in its Starliner spacecraft's first crewed flight, attributing the setback to 'too many non-technical managers' at Boeing. Despite receiving a lower contract value from NASA for ISS transportation, SpaceX has successfully completed multiple missions with its Dragon spacecraft, ahead of Boeing's Starliner. Boeing's Starliner faced another delay due to an issue with the Atlas V rocket, with the launch now rescheduled. Additionally, Boeing's aviation segment is under scrutiny due to safety concerns and whistleblower allegations.

Portfolio Pulse from Anan Ashraf

May 07, 2024 | 11:05 am

TSLA

Elon Musk has urged Tesla shareholders to vote at the upcoming annual meeting in August, emphasizing the importance of their participation. This plea comes as Tesla seeks approval for a renegotiated 2018 pay plan for Musk, previously nullified by a Delaware Chancery Court, and a proposal to shift Tesla's state of incorporation to Texas. The company has provided various voting methods and highlighted Musk's role in creating shareholder value. Despite some criticism and legal debate over the pay plan's re-approval, Tesla's stock closed up 1.97% at $184.76.

Portfolio Pulse from Shanthi Rexaline

May 07, 2024 | 5:14 am

BA

Boeing Co's (NYSE:BA) first crewed test flight of the Starliner space capsule has been postponed due to a technical issue, marking another setback in its space program. The delay follows a series of challenges, including a parachute failure in 2019 and software glitches in 2020, despite successful milestones like the Starliner's docking with the ISS in 2022. Boeing had aimed for a crewed flight by March 2023, with support from SpaceX's Elon Musk on parachute systems.

Portfolio Pulse from Benzinga Neuro

May 07, 2024 | 4:26 am

BA

HIMS

LCID

PLTR

TSLA

On Monday, U.S. stock indexes saw gains, with Palantir, Boeing, Lucid Group, Hims & Hers, and Tesla being the focus of investors. Palantir reported a 21% revenue increase, Boeing is under FAA investigation, Lucid beat revenue estimates, Hims & Hers reported strong quarterly results, and Tesla's stock rose amidst layoffs.

Portfolio Pulse from Benzinga Neuro

May 07, 2024 | 3:10 am

BOWL

Dozens of former Bowlero employees plan to sue the company for age discrimination and retaliation after the EEOC closed its investigation without filing a lawsuit. The EEOC had been investigating Bowlero since 2016, finding reasonable cause in 58 complaints but ultimately decided not to sue. Bowlero, which denies the allegations, has been informed it's not cleared of wrongdoing. The company, having gone public in 2021 and tripling its revenue from 2021 to 2023, considers the EEOC's decision a positive development. The claimants' lawyer intends to file a lawsuit seeking $80 million plus legal fees. Bowlero's stock is down about 21% year to date.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:22 am

CGC

Canopy Growth has received a default letter according to an SEC filing, indicating potential financial or operational issues within the company.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:27 pm