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Legal

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LNVGY

InterDigital was awarded an injunction against Lenovo by the Regional Court in Munich for infringing on a patent related to 4G and 5G devices. This legal victory emphasizes the strength of InterDigital's patent portfolio and its implications on Lenovo's operations in the relevant markets.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:37 pm

IDCC

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LNVGY

InterDigital was awarded an injunction against Lenovo by the Regional Court in Munich for infringing on a patent covering 4G and 5G devices. The court found InterDigital to have acted in a FRAND manner, while Lenovo was deemed an unwilling licensee not adhering to FRAND principles. This decision can be appealed.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:33 pm

AAPL

QQQ

SPY

Apple, Inc. (NASDAQ:AAPL) is set to announce its FY 2024 Q2 results amid expectations of a revenue decline and flat bottom-line performance compared to the previous year. The company faces challenges from a weak iPhone uptake, competition from Huawei, and a lackluster iPhone 15 upgrade cycle. Despite a 16% drop in shipments and a decrease in market share, analysts from Morgan Stanley and bullish analyst Daniel Ives predict slight improvements and emphasize the potential impact of an AI-driven iPhone 16. Upcoming events and the company's AI strategy could influence stock performance. Apple's stock has seen a 1.09% increase in premarket trading but has fallen 12% year-to-date, contrasting with gains by QQQ and SPY ETFs.

Portfolio Pulse from Shanthi Rexaline

May 02, 2024 | 12:19 pm

NDRA

ENDRA Life Sciences has announced the issuance of three new patents in Europe and two in China, marking a significant advancement in its intellectual property portfolio.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:12 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) is seeking shareholder reapproval for CEO Elon Musk's 2018 compensation plan, previously voided by a Delaware court. Environmental expert Eric Roesch criticized the plan as excessive, highlighting its disproportion to Tesla's financials. Tesla's revenue and net income have significantly grown, with the company aiming for a shareholder vote on the compensation package, now valued at $44.9 billion. The upcoming shareholder meeting is expected to be contentious due to recent stock performance and the magnitude of Musk's proposed payout.

Portfolio Pulse from Shanthi Rexaline

May 02, 2024 | 9:55 am

AAPL

GOOGL

Court documents unsealed in an antitrust lawsuit against Alphabet Inc. reveal that Google paid Apple $20 billion in 2022 to remain the default search engine on Safari. This payment is a key focus of the case, highlighting Google's alleged monopolistic control over online search and advertising. The disclosure, marking the first public confirmation of the payment amount, underscores the deal's significance to Apple's financials, constituting 17.5% of its operating income in 2020. The case's outcome, with closing arguments scheduled soon, could impact both companies' strategies and market dominance.

Portfolio Pulse from Benzinga Neuro

May 02, 2024 | 7:34 am

AMZN

Amazon.com Inc. CEO Andy Jassy was ruled by an NLRB judge to have violated federal labor law with his anti-union remarks. The comments were made in interviews and suggested that unionization would lead to a less empowered workforce. Amazon plans to dispute the ruling, emphasizing free speech rights. This comes amid scrutiny over Amazon's efforts to discourage unionization and could impact its labor relations. Additionally, Jassy and former CEO Jeff Bezos were accused by the FTC of deleting text messages relevant to an antitrust investigation.

Portfolio Pulse from Benzinga Neuro

May 02, 2024 | 6:30 am

META

Elon Musk supported Rep. Jim Jordan's criticism of the Biden administration's alleged censorship of the lab leak theory related to COVID-19's origin. Jordan's posts on X (formerly Twitter) included an alleged 2021 message from Meta Platforms' CEO Mark Zuckerberg, discussing pressure from the White House to censor the theory. Musk described this as a 'Smoking gun First Amendment violation.'

Portfolio Pulse from Ananya Gairola

May 02, 2024 | 4:31 am

PLTR

At a Capitol Hill forum, Palantir Technologies Inc. CEO Alex Karp made controversial remarks, including jokes about drone-striking rivals and sending protesters to North Korea. The event aimed to bridge the gap between the tech industry and Congress but Karp's comments, including criticisms of anti-Israel protests and Silicon Valley venture capitalists, sparked discomfort among attendees. Despite past controversies, Karp's leadership has been praised, notably after Palantir's fourth-quarter earnings call.

Portfolio Pulse from Ananya Gairola

May 02, 2024 | 1:53 am

PXD

XOM

Exxon Mobil Corp is finalizing a $60 billion acquisition of Pioneer Natural Resources, avoiding FTC concerns by not adding Pioneer's CEO to its board. Allegations of collusive activity by Pioneer's CEO with OPEC on oil pricing are noted, but Exxon is not implicated. Both companies' stock prices saw declines recently.

Portfolio Pulse from Erica Kollmann

May 01, 2024 | 10:01 pm