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HE

Hawaiian Electric's stock is trading lower following news that Hawaii's attorney general is set to release a report on the Lahaina fire response, which absolves first responders of blame.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:39 pm

CMCSA

The criminal trial of former President Donald Trump, focusing on alleged hush money payments, has begun, drawing significant media attention and commentary. Rep. Dan Goldman and MSNBC host Rachel Maddow have both weighed in, emphasizing the trial's implications for democracy and the rule of law. The trial, expected to last six weeks, is being closely watched for its potential impact on the 2024 presidential election and the integrity of the U.S. justice system.

Portfolio Pulse from Chris Katje

April 16, 2024 | 7:23 pm

ISPR

MSOS

Luna Stower is planning a trip to Washington DC next week for lobbying efforts, emphasizing the importance of being influential players in a larger environmental push. The message is tied to the Cannabis Capital Conference, which is accessible to both existing and new subscribers.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 6:57 pm

BNED

CLDI

SKIL

WISA

Skillsoft Corp. shares fell by 26.7% after reporting mixed Q4 results and lower-than-expected FY25 revenue guidance. Other stocks moved significantly in Tuesday's session, with notable gainers including WiSA Technologies and Palisade Bio, and losers like Barnes & Noble Education and Calidi Biotherapeutics.

Portfolio Pulse from Avi Kapoor

April 16, 2024 | 6:17 pm

UNH

UnitedHealth Group (NYSE:UNH) reported Q1 earnings with better-than-expected revenue and earnings, despite a cyberattack on its subsidiary Change Healthcare. Adjusted EPS was $6.91, up from $6.26 a year ago, with revenues increasing to $99.8 billion. The company maintained its adjusted EPS guidance of $27.50-$28.00. Goldman Sachs reaffirmed a Buy rating on UNH with a price target of $593, citing a positive medical cost update and prudent outlook. UNH shares rose 5.10% to $468.35.

Portfolio Pulse from Vandana Singh

April 16, 2024 | 6:03 pm

LYV

The Department of Justice (DOJ) is reportedly preparing to file a lawsuit against Live Nation Entertainment (NYSE:LYV), the parent company of Ticketmaster, over antitrust concerns. This follows increased scrutiny after Ticketmaster's website crashed during a presale for Taylor Swift's 'The Eras Tour', highlighting issues with ticket availability and high fees. Live Nation, which merged with Ticketmaster in 2010, is accused of having a dominant position in the ticketing market, with an 80% market share in primary ticket sales for the largest U.S. venues. The DOJ's investigation may have found violations of a revised settlement from the 2010 merger, which was extended through 2025.

Portfolio Pulse from Chris Katje

April 16, 2024 | 5:07 pm

UBER

Uber Technologies Inc. was involved in a tax probe in Portugal, focusing on the company's delivery partners. Authorities conducted a raid as part of the investigation into potential tax violations.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 4:30 pm

MSOS

YOLO

Emily Paxhia, Founding Partner & Managing Partner at Poseidon Investment Management, discussed the challenges of M&A deals in California at Benzinga's Cannabis Capital Conference. Access to the conference is available for existing subscribers and new users can gain instant access.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 4:08 pm

KA

Kineta, Inc. has been granted a U.S. patent titled 'Proteasome activity enhancing compounds (including methods for treating cancer or tumors)'. This patent could potentially bolster Kineta's position in the oncology market by providing new avenues for cancer treatment.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 3:35 pm

MSOS

SPY

At Benzinga's Cannabis Capital Conference, former Congressman and Holland & Knight partner, Hon. Ed Perlmutter, mentioned that the DEA is expected to assist with tax issue 280E, with a decision anticipated this week or soon.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 3:33 pm