Streetbeat News

Legal

MJ

MSOS

Cannabis shipments authorized by state law have been seized by U.S. Border Patrol at checkpoints in southern New Mexico, causing frustration among licensed cannabis providers. Over $300,000 worth of marijuana has been confiscated, affecting businesses and prompting discussions between New Mexico's governor and the U.S. Homeland Security Secretary. Despite cannabis being legal in New Mexico and other states, it remains illegal under U.S. federal law, leading to these seizures. The situation has led to calls for action from New Mexico's congressional delegation to protect the state's cannabis industry.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 7:37 pm

UNH

The House Energy and Commerce Committee and the Subcommittee on Oversight and Investigations announced that UnitedHealth's CEO will testify before the Subcommittee on May 1 regarding a cyberattack on Change Healthcare.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 6:40 pm

DJT

The jury selection for the Trump hush money trial is complete, with five additional alternate jurors chosen, according to a Reuters report citing a court hearing.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 5:33 pm

DJT

Trump Media & Technology Group Corp. (NASDAQ:DJT) has reported suspected naked short selling of its shares to Nasdaq, citing its appearance on the Reg SHO threshold list, which signals illegal trading activity. The company highlighted that such practices harm retail investors and noted that four market participants, including Citadel Securities and VIRTU Americas, are responsible for a significant volume of DJT's traded shares. Amidst a share price decline since going public, the company advised shareholders on preventing their shares from being loaned for short positions.

Portfolio Pulse from Nabaparna Bhattacharya

April 19, 2024 | 3:44 pm

JNJ

KVUE

The WHO is set to issue a global alert about contaminated Johnson & Johnson children's cough syrup, with tainted batches found in Nigeria. The issue traces back to a batch from South Africa, now under Kenvue Inc's purview after a spin-off. Despite the recall in six African countries, no adverse effects have been reported. Investigations are ongoing, with a focus on raw material sources and potential counterfeits. JNJ shares slightly rose by 0.35%.

Portfolio Pulse from Vandana Singh

April 19, 2024 | 2:17 pm

JBL

Jabil's CEO has been placed on paid leave pending an investigation related to corporate policies, causing Jabil shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:15 pm

BMY

GILD

JNJ

LEGN

NVS

TSVT

The FDA mandates boxed warnings for all CAR-T-based blood cancer therapies, including those by Bristol Myers Squibb, Johnson & Johnson, and others, due to risks of secondary cancers. Updates to labels and lifelong monitoring for secondary malignancies are required.

Portfolio Pulse from Vandana Singh

April 19, 2024 | 1:28 pm

META

The Dutch Privacy Watchdog has advised government organizations to cease using Facebook due to privacy concerns, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 1:06 pm

GOOG

GOOGL

The U.K.'s Information Commissioner’s Office (ICO) has expressed concerns over Google's Privacy Sandbox, suggesting it may not adequately protect consumer privacy. This initiative aims to phase out third-party cookies by the second half of 2024, raising issues about potential impacts on competition in the digital advertising sector. The ICO's findings and dialogue with the Competition and Markets Authority (CMA) highlight regulatory scrutiny over Google's privacy measures and their implications for the online advertising industry.

Portfolio Pulse from Benzinga Neuro

April 19, 2024 | 1:04 pm