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Boeing Company (NYSE:BA) shares dropped after the FAA launched a new investigation into the company's 787 Dreamliner inspections, focusing on electrical safeguards and potential falsification of aircraft records by employees.

Portfolio Pulse from Erica Kollmann

May 06, 2024 | 7:59 pm

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Kevin Sabet, a Newsweek reporter, claims based on sources inside and outside the DEA that Administrator Anne Milgram did not sign the rescheduling order for cannabis, deviating from over 50 years of precedent. This could significantly impact the regulatory landscape for cannabis.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 7:53 pm

SPR

The FAA is investigating Boeing and potentially Spirit AeroSystems (SPR) regarding concerns over falsified records and incomplete inspections of the Boeing 787, following an incident related to a door.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 7:12 pm

The FAA is investigating Boeing over concerns that some employees may have falsified records related to the inspections of the 787 model, as reported by the Wall Street Journal.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 6:59 pm

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The U.S. State Department expressed significant concern over Israel's shutdown of the Al Jazeera network, emphasizing that Al Jazeera should be allowed to operate in Israel. Additionally, the U.S. confirmed that Hamas has issued a response to a hostage deal, which the U.S. plans to discuss with allies shortly.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 5:51 pm

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A Hamas official informed Reuters that Hamas has agreed to a proposal addressing several demands, including a ceasefire, reconstruction efforts, the return of displaced individuals, and a prisoner swap deal.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 5:24 pm

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An Israeli official stated that Hamas has approved a 'softened' Egyptian proposal that Israel finds unacceptable. The proposal contains 'far-reaching' conclusions not agreed upon by Israel, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 5:10 pm

NSC

Key regulators, including the U.S. Department of Transportation (DOT) and the Surface Transportation Board (STB), have expressed support for Norfolk Southern Corporation's (NYSE: NSC) leadership and strategy, emphasizing the company's focus on safety and service. They have raised concerns about Ancora's plan for NSC, warning it could jeopardize safety and service. The DOT and STB's statements highlight Norfolk Southern's progress in safety and service improvements, while criticizing Ancora's approach and potential impact on the railroad's performance and the broader economy.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 5:05 pm

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Spirit Airlines reported a Q1 fiscal 2024 revenue decline of 6.2% Y/Y, missing consensus, leading to a 9.8% drop in its shares. Other stocks also moved lower, including EyePoint Pharmaceuticals after its Phase 2 trial did not meet its primary endpoint, Integra LifeSciences with weak Q2 EPS guidance, and Bowlero with disappointing quarterly results. Braskem shares fell after a potential transaction update, GameStop declined following a previous week's surge, Uniti Group announced a $300 million notes offering, TreeHouse Foods reported mixed Q1 results, Jasper Therapeutics received a Buy rating from HC Wainwright, and several other companies like Medical Properties Trust, Tyson Foods, Allego, CureVac, Titan International, Geron Corporation, and Amgen also recorded losses.

Portfolio Pulse from Avi Kapoor

May 06, 2024 | 5:05 pm

DJT

Trump Media & Technology Group Corp (NASDAQ:DJT) has replaced its auditors, dismissing BF Borgers CPA PC and appointing Semple, Marchal & Cooper, LLP, following SEC fraud allegations against BF Borgers and its owner. The SEC charged the firm with failures to comply with PCAOB standards, leading to a $12 million penalty for BF Borgers and a $2 million penalty for its owner. Trump Media CEO Devin Nunes has also raised concerns about potential stock manipulation and anomalous trading, specifically mentioning suspected short-selling activities in DJT shares. DJT shares saw a 3.83% increase to $49.76.

Portfolio Pulse from Shivani Kumaresan

May 06, 2024 | 4:59 pm