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Legal

DOUG

Douglas Elliman's stock price increased following the announcement of a settlement agreement to resolve brokerage commission litigation.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 4:20 pm

BHP

VALE

Brazilian authorities are pressing Vale and BHP to increase their settlement offer for the Mariana disaster to 137 billion reais. A final deal is expected in the first half of 2024, according to the Minas Gerais state top prosecutor.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 4:17 pm

CLVR

DCPH

DPZ

PHG

SOFI

Domino's Pizza Inc reported better-than-expected Q1 earnings with a 6% sales growth and EPS of $3.58. Deciphera Pharmaceuticals shares surged 72% after an acquisition announcement by ONO Pharmaceutical. Collective Audience shares doubled following a strategic partnership with Insticator. Philips gained 29% after settling litigation and posting strong earnings. Conversely, Clever Leaves announced a voluntary Nasdaq delisting, causing shares to drop 62%. Addex Therapeutics and SoFi Technologies also saw significant declines after disappointing news. Oil prices fell by 1.2%, while gold and silver saw slight increases.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 4:03 pm

TSLA

TSLT

VCR

The U.S. Supreme Court declined to review Elon Musk's appeal against a 2018 SEC settlement, which involved a $20 million fine for Musk and Tesla over misleading tweets about privatizing Tesla. The court's decision upholds the settlement, including the pre-approval mandate for Musk's social media posts. Despite the legal setback, Tesla's stock has seen significant gains, and investors can also gain exposure through ETFs like VCR and TSLT.

Portfolio Pulse from Shivani Kumaresan

April 29, 2024 | 3:58 pm

RDIV

VTI

The NHTSA is investigating Ford's BlueCruise technology in Mustang Mach-E SUVs after two fatal crashes. The probe covers 130,000 vehicles from 2021-2024 to assess safety risks. The NTSB is also investigating the crashes. Ford's stock is trading lower by 1.64% at $12.58. Ford is included in the Vanguard Total Stock Market Index Fund ETF (VTI) and Invesco S&P Ultra Dividend Revenue ETF (RDIV).

Portfolio Pulse from Shivani Kumaresan

April 29, 2024 | 3:15 pm

SGHT

Sight Sciences shares surged following a $34 million patent infringement verdict in its favor against Alcon over the Hydrus Microstent.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 2:59 pm

MBGYY

The U.S. Department of Justice has concluded its investigation into Mercedes-Benz Group AG (OTC:MBGYY) regarding exhaust emissions without filing charges. This closure is seen as a significant legal milestone for the company, particularly in relation to diesel-related issues. Mercedes-Benz's stock has seen a positive trend, gaining over 2% in the last 12 months, with a recent increase of 1.22% to $19.84.

Portfolio Pulse from Shivani Kumaresan

April 29, 2024 | 2:24 pm

EIS

ISRA

SPY

USO

The U.S. has issued a warning that any action by the International Criminal Court (ICC) against Israel could potentially harm the chances of achieving a cease-fire. This statement underscores the delicate balance of international diplomacy and the potential impact of legal actions on peace processes.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 2:13 pm

NXPI

NXP Semiconductors N.V. (NASDAQ:NXPI) is set to release its Q1 earnings after the market closes on April 29, 2024, with expectations of $3.16 EPS, down from $3.19 year-over-year, and revenue of $3.13 billion, up from $3 billion. The company recently settled patent litigation with Impinj. Shares rose 1.9% to $242.70. Analysts from Evercore ISI Group, TD Cowen, Truist Securities, Susquehanna, and Mizuho have provided ratings and price targets, with the highest target set at $300.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 1:50 pm

TSLA

Elon Musk, CEO of Tesla and SpaceX, criticized a proposed decade-long security agreement between the U.S. and Ukraine, labeling it as 'the forever war.' Musk's comments came in response to a post about Ukrainian President Zelenskyy's announcement of the agreement, which could entail U.S. support levels for the next ten years. This criticism aligns with Musk's previous concerns over the Ukraine conflict and his efforts to aid Ukraine with Starlink internet satellites, despite controversies.

Portfolio Pulse from Benzinga Neuro

April 29, 2024 | 1:50 pm