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DKNG

FLUT

NCAA President Charlie Baker criticized college prop betting, particularly highlighting the focus on Caitlin Clark's performance, as problematic. DraftKings Inc. (DKNG) shares dropped, while Flutter Entertainment PLC (FLUT), FanDuel's parent company, saw a rise in its stock. Baker's concerns include the potential for harassment of student-athletes by bettors and the risk of fixed bets compromising game integrity. Despite these issues, companies like DraftKings and FanDuel continue to see financial growth.

Portfolio Pulse from Anthony Noto

April 09, 2024 | 6:27 pm

BA

SPY

Senator Blumenthal is set to hold a hearing on April 17 with a Boeing whistleblower to discuss the company's safety culture, according to a spokesperson for Blumenthal, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 5:14 pm

SPY

A New York judge has denied former President Donald Trump's request to delay his hush money trial while he appeals a gag order, according to Reuters. This decision could have implications for Trump's legal battles and public perception.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 4:27 pm

BA

The Federal Aviation Administration (F.A.A.) is investigating claims made by a whistle-blower regarding flaws in Boeing's 787 Dreamliner. The whistle-blower has raised concerns about potential safety issues, prompting the F.A.A. to look into the matter closely.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 4:13 pm

NSC

Norfolk Southern Corporation (NYSE:NSC) reported Q1 2024 adjusted earnings per share of $2.49, below estimates, with revenues of $3.004 billion. A significant $600 million settlement related to the East Palestine derailment class action lawsuit impacted finances, alongside $691 million in expenses from workforce cuts and other adjustments. Despite these challenges, the company sees momentum for improvement in the coming months, with operational efficiencies already showing positive results.

Portfolio Pulse from Akanksha Bakshi

April 09, 2024 | 2:56 pm

SOL

Crypto trader Avi Eisenberg is on trial for fraud and manipulation related to his October 2022 actions on the Mango Markets DeFi platform on the Solana blockchain. The case, which involves a $110 million extraction via the platform's MNGO token, could redefine legal and ethical standards in decentralized finance. The trial will explore complex issues of market manipulation within DeFi, with implications for future regulation.

Portfolio Pulse from Murtuza Merchant

April 09, 2024 | 2:43 pm

HLLY

Holley Inc. has been ordered to disgorge $2 million in profits deemed ill-gotten, following a regulatory ruling. This decision impacts the company's financial standing and could influence investor perception.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:31 pm

TCNNF

Kim Rivers, CEO of Trulieve (OTCQX:TCNNF), responded to Florida Governor Ron DeSantis's negative views on cannabis legalization, arguing that cannabis is scientifically proven to be healthier than alcohol and that its legalization in Florida would improve residents' quality of life. Trulieve has contributed $40 million to the Smart & Safe Florida campaign to support the cannabis legalization initiative, known as Amendment 3, which will be on the November 2024 ballot. If passed, this initiative could significantly expand the market for existing medical cannabis companies and increase state tax revenues.

Portfolio Pulse from Maureen Meehan

April 09, 2024 | 1:16 pm

ABT

EMR

F

HE

SE

VRTX

Jim Cramer discussed various companies on CNBC's 'Mad Money Lightning Round,' expressing preferences and concerns about their stocks. He prefers Abbott Laboratories over Penumbra, Inc., is wary of Hawaiian Electric Industries due to environmental damage, finds Sibanye Stillwater Limited strange, praises Emerson Electric Co. for recovering from a hostile takeover, criticizes a policy affecting Excelerate Energy, Inc., sees potential in Ford Motor Company despite underperformance compared to General Motors, and lauds Vertex Pharmaceuticals Incorporated.

Portfolio Pulse from Avi Kapoor

April 09, 2024 | 1:10 pm

NSC

Norfolk Southern's shares dropped following the announcement of preliminary Q1 results, which include a $600 million agreement to settle a class action lawsuit related to the East Palestine derailment.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 12:45 pm