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Airbus CEO expressed concerns about procuring important work packages from their main competitor, Boeing, amid ongoing talks with Spirit AeroSystems. The timeline for these discussions remains uncertain.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 5:01 pm

CAH

On April 24, Cardinal Health received a warning letter from the FDA, as reported by Reuters. This development could have implications for the company's operations and regulatory compliance efforts.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:55 pm

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GOOG

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ByteDance, the owner of TikTok, would rather shut down the app if it becomes unprofitable than sell it, due to the integral role its algorithms play in the company's overall operations. This stance makes a sale of the app unlikely, according to sources.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:28 pm

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SPY

A U.S. judge has rejected former President Donald Trump's attempt to dismiss an $83.3M defamation verdict in favor of E. Jean Carroll. This decision could have implications for Trump's public image and potentially influence investor sentiment regarding assets associated with him.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:12 pm

DJT

Trump Media shares surged following a letter from the CEO to House GOP leaders, requesting an investigation into potential stock manipulation.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:15 pm

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ByteDance has officially announced on Toutiao that it has no plans to sell TikTok, countering media reports claiming otherwise. This statement was cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:52 pm

BA

S&P revised Boeing's outlook to negative due to delays in restoring credit metrics, affirming its 'BBB-/A-3' ratings. The revision reflects heightened production uncertainty, especially with quality issues affecting the 737 Max aircraft, and pending key leadership changes.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:21 pm

MMM

3M has issued a Stop Use and Recall Notice for its PELTOR X4 Series Earmuffs produced between March 2020 and September 2022 due to potential cracks on the exterior surface of the cups. Customers are advised to remove these products from service immediately, even if no cracks are visible.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:09 pm

DJT

SPY

The U.S. Supreme Court has commenced hearings on former President Donald Trump's request for criminal immunity. This case marks a significant moment in U.S. legal history, potentially affecting the legal precedents regarding presidential powers and immunities.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:01 pm

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CSSE

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SGBX

U.S. stocks fell sharply with the Dow Jones dropping over 500 points due to U.S. GDP growth missing expectations, growing only 1.6% versus the anticipated 2.5%. Safe & Green Holdings, Barfresh Food Group, and Processa Pharmaceuticals saw significant stock increases, while Hanryu Holdings, Huize Holding, and Chicken Soup for the Soul Entertainment experienced notable declines.

Portfolio Pulse from Avi Kapoor

April 25, 2024 | 1:47 pm