Streetbeat News

Legal

ABT

Abbott/Thoratec Corp. is recalling HeartMate II and HeartMate 3 LVAS due to a risk of obstruction from biological material buildup, identified as a Class I recall by the FDA. This issue, occurring over two years or more, can lead to serious injuries or death, with 273 reported injuries and 14 deaths. Healthcare professionals and patients using these devices are affected. An Urgent Medical Device Correction Letter was sent to customers on February 19, 2024, advising on monitoring and addressing low flow alarms indicative of this obstruction.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 3:26 pm

DJT

The criminal trial of former President Donald Trump, focusing on alleged hush money payments to Stormy Daniels ahead of the 2016 election, begins in New York. This marks the first criminal trial for a former U.S. president and could last six to eight weeks. Trump, who has pleaded not guilty, faces a maximum penalty of four years in prison for each charge. Key witnesses include former Trump lawyer Michael Cohen and Stormy Daniels. The trial's outcome and potential jail time for Trump could impact his 2024 presidential campaign. Trump Media & Technology Group shares have dropped 12% to $28.50 amid the trial's start.

Portfolio Pulse from Chris Katje

April 15, 2024 | 3:04 pm

EIS

ISRA

SPY

USO

Israeli Defense Minister Yoav Gallant informed U.S. Defense Secretary Lloyd Austin that Israel must retaliate against Iran's missile and drone attack. The Biden administration, along with Western allies, urges restraint to avoid regional war. Iran's attack was in response to an Israeli airstrike in Syria. Most missiles and drones were intercepted by international forces. The U.S. emphasizes the need to avoid escalation while supporting Israel's defense.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 2:36 pm

AAPL

Apple Inc. has responded to Epic Games' lawsuit by denying allegations of violating a court order related to its App Store, accusing Epic Games of trying to increase its profitability by forcing Apple to offer its development tools for free. The legal battle, initiated by Epic Games in 2020 over antitrust claims against Apple's app download and in-app transaction controls, continues as Apple refutes Epic's claims and requests a federal judge to dismiss the contempt charges.

Portfolio Pulse from Rounak Jain

April 15, 2024 | 2:23 pm

DJT

SPY

Former President Trump's attempt to remove the judge overseeing his New York hush money criminal case was denied for the second time. This development is part of the ongoing legal proceedings related to allegations of hush money payments.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 2:09 pm

MRNS

NMTR

TSLA

The article covers a range of topics from cryptocurrency developments, including Dogecoin's potential bull market milestone and regulatory approval for Bitcoin and Ethereum ETFs in Hong Kong, to significant movements in the US stock market with mentions of specific companies like Marinus Pharmaceuticals and Neumora Therapeutics. It also touches on US and world politics, the US economy, tech industry updates including Apple and Nvidia, electric vehicle news with a focus on Tesla's layoffs and competition from Hyundai and Nio, consumer market moves, communication sector challenges for Elon Musk, industrial sector deals, and a general note on Elon Musk's past.

Portfolio Pulse from Akanksha Bakshi

April 15, 2024 | 1:58 pm

RYAAY

Italy's competition watchdog is investigating Ryanair Holdings (NASDAQ:RYAAY) for potentially abusing its market dominance, which could harm travel agencies, competitors, and consumers by restricting access to promotions and discounts. The probe could lead to policy changes for Ryanair, especially regarding its dealings with travel agencies. Ryanair is also looking to expand at Rome's Fiumicino airport and capitalize on a potential partnership between ITA Airways and Lufthansa.

Portfolio Pulse from Akanksha Bakshi

April 15, 2024 | 1:17 pm

BPTH

Bio-Path Holdings has expanded its intellectual property portfolio with new patents issued in Mexico, Australia, and Japan. This expansion includes filings that align with the company's technology and business strategy, bringing its total to five issued patents in the U.S. and 54 in foreign jurisdictions, covering 21 countries.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 11:09 am

INMD

InMode Ltd. (NASDAQ:INMD) is defending its U.S. Patent No. 8,961,511 on feminine rejuvenation technology against a review request by BTL Industries to the USPTO. This follows InMode's lawsuit against BTL for allegedly infringing this patent with their UltraFemme 360 and EmFemme 360 products. The legal battle is ongoing in the United States District Court for the Central District of California.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 11:08 am

MKFG

Markforged, Inc. faces a $17.34 million verdict in a patent lawsuit with Continuous Composites. The jury found infringement on one of two patent claims, potentially impacting future revenues. Markforged intends to appeal the decision.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 6:23 am