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AAPL

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META

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The European Commission has labeled Apple Inc.'s iPadOS as a 'gatekeeper' under the Digital Markets Act, affecting Apple and other tech giants like Alphabet Inc., Microsoft Corporation, Amazon.com Inc., and Meta Platforms Inc. This designation requires compliance with the DMA, potentially impacting Apple's operations and financials due to the risk of significant fines for non-compliance. The announcement follows a week of mixed news for Apple, including product updates and challenges in the market.

Portfolio Pulse from Benzinga Neuro

April 29, 2024 | 1:45 pm

ADXN

CLVR

DCPH

DPZ

PHG

U.S. stocks traded higher with the Dow Jones gaining over 100 points. Domino's Pizza Inc reported better-than-expected Q1 earnings with a 6% sales growth and EPS of $3.58, surpassing estimates. Deciphera Pharmaceuticals announced its acquisition by ONO Pharmaceutical, and Koninklijke Philips N.V. reported a $1.1 billion settlement and better than expected earnings. Clever Leaves Holdings announced plans to delist from Nasdaq, and Addex Therapeutics' epilepsy study failed to meet its primary endpoint.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 1:42 pm

FCOM

META

XLC

The European Commission is set to investigate Meta Platforms Inc (NASDAQ:META) over concerns that Facebook and Instagram have not adequately combated Russian disinformation, potentially affecting electoral integrity. The probe will examine Meta's content moderation, political advertising, and the discontinuation of CrowdTangle, a tool for tracking disinformation. Meta has a five-day window to propose mitigation measures to comply with the EU's Digital Services Act, failing which could lead to regulatory actions. Meta's stock is trading lower by 1.1% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 29, 2024 | 1:09 pm

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PHG

TSLA

Tesla (TSLA) shares rose 14% on news of a partnership with Baidu for Full Self-Driving mapping in China. Philips (PHG) shares increased 46% after announcing a $1.1B settlement and better than expected Q1 earnings. NKGen Biotech (NKGN) shares surged 36% following FDA clearance for its SNK01 NK Cell Therapy in Parkinson's Disease.

Portfolio Pulse from ryanfaloona@benzinga.com

April 29, 2024 | 12:46 pm

BHP

VALE

Vale and BHP, along with their joint venture Samarco, have proposed a $25 billion settlement to Brazilian authorities for the 2015 Mariana disaster reparations. This amount includes $24.88 billion in new payments plus $37 billion reais already disbursed.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 12:39 pm

ALLG

ALT

INN

Deutsche Bank and several other stocks experienced declines in Monday's pre-market session. Deutsche Bank's shares fell 7.4% due to potential €1.3 billion litigation costs. Other stocks like Allego N.V., Daqo New Energy Corp, and Summit Hotel Properties also saw significant drops, attributed to various factors including missed earnings estimates and analyst downgrades.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 12:31 pm

DOUG

Douglas Elliman has agreed to a settlement to resolve specific brokerage commission litigation, committing to an initial payment of $7.75M within 30 business days following preliminary court approval, and potentially two more payments of $5M each between Dec. 31, 2025, and Dec. 31, 2027.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 12:10 pm

ALC

SGHT

Sight Sciences wins a $34M patent infringement verdict against Alcon over its Hydrus Microstent used in microinvasive glaucoma surgery. The damages include $5.5M in lost profits and $28.5M in royalty damages, covering sales from the product's launch to the trial.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 12:06 pm

AZN

AstraZeneca has acknowledged in court documents for the first time that its COVID-19 vaccine can cause rare side effects. The company faces a class action lawsuit alleging that its vaccine led to death and serious injuries in dozens of cases.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 11:44 am

Deutsche Bank's stock is trading lower following the announcement that it may face up to €1.3 billion in costs due to Postbank litigation.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 11:10 am