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AAPL

TSLA

Tesla Inc (NASDAQ:TSLA) has settled a lawsuit related to a fatal 2018 crash involving its Autopilot system. The case, which involved the death of a former Apple Inc. (NASDAQ:AAPL) engineer, had been contested by Tesla, which argued it was not liable as drivers control the vehicle in Autopilot mode. The settlement details were not disclosed. This lawsuit is among several involving Tesla's Autopilot technology set for trial this year. Tesla has faced scrutiny over its Autopilot and Full Self-Driving (FSD) technologies, including a recent fatal accident involving a Tesla recruiter.

Portfolio Pulse from Benzinga Neuro

April 09, 2024 | 3:24 am

AAPL

TSLA

Tesla Inc. (TSLA) has settled a lawsuit over a fatal 2018 crash involving its Autopilot system and an Apple Inc. (AAPL) engineer, Walter Huang. The settlement terms were not disclosed. The lawsuit highlighted the potential limitations of Tesla's Autopilot system and also involved allegations against California's transportation department for not repairing a damaged barrier. A follow-up hearing is scheduled for April 11 to discuss the settlement further.

Portfolio Pulse from Ananya Gairola

April 09, 2024 | 3:18 am

AAWH

GTBIF

TSNDF

VRNOF

The DOJ acknowledged in a court filing that state cannabis legalization has increased tourism, as part of its argument to dismiss a lawsuit by cannabis companies challenging federal prohibition. The lawsuit, led against U.S. Attorney General Merrick Garland by companies including Verano Holdings, Ascend Wellness, TerrAscend, and Green Thumb Industries, argues that federal laws hinder their operations despite state compliance. The DOJ's stance highlights the economic benefits of legalization and asserts federal oversight under the Commerce Clause.

Portfolio Pulse from Patricio Liddle

April 08, 2024 | 10:51 pm

AMZN

EBAY

WMT

A study funded by the National Institute of Standards and Technology found 93% of smokable hemp products exceeded the legal THC limit, challenging the 2018 Farm Bill's 0.3% THC threshold. The research, highlighting the importance of accurate THC measurements, raises concerns over mislabeled hemp products. A report by CBD Oracle also found hemp edibles sold on Amazon, Walmart, and eBay contain unsafe levels of delta-8 THC, indicating a broader issue of mislabeled CBD products in the market.

Portfolio Pulse from Patricio Liddle

April 08, 2024 | 9:22 pm

COIN

A U.S. appeals court has partially revived a class action lawsuit against Coinbase (NASDAQ:COIN), which was initially dismissed in February 2023. The lawsuit alleges Coinbase facilitated the trading of unregistered securities. The appeals court has sent the case back to the district court for further ruling, focusing on the necessity of physical contracts for an asset to be considered a security. This decision could influence future regulatory decisions in the digital assets space.

Portfolio Pulse from Khyathi Dalal

April 08, 2024 | 9:20 pm

CASI

CASI Pharmaceuticals announced that an emergency arbitrator from the Hong Kong International Arbitration Centre granted it emergency injunctive relief against Juventas Cell Therapy Ltd., prohibiting Juventas from commercializing CNCT19 independently or through third parties pending arbitration.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 9:03 pm

PEV

Phoenix Motor Inc announced the resignation of J. Mark Hastings as CFO, effective April 10, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:14 pm

AUUD

LGVN

PERI

PLOW

WTO

U.S. stocks traded higher with the Nasdaq Composite gaining 0.1%. Consumer discretionary shares jumped by 0.9%, while health care shares fell by 0.3%. Perion Network Ltd. (NASDAQ:PERI) cut its FY24 revenue guidance significantly. Auddia Inc. (NASDAQ:AUUD) surged 199% after being awarded a U.S. Patent for its AI technology in the faidr app. UTime Limited (NASDAQ:WTO) and Longeveron Inc. (NASDAQ:LGVN) also saw significant gains. Douglas Dynamics, Inc. (NYSE:PLOW) fell after a downgrade by Baird. Gold and silver prices increased.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 6:51 pm

CURLF

Recent developments in Europe's cannabis sector include the arrest of French mayor Jamilah Habsaoui with 70kg of cannabis resin found in her home, the closure of Christiania's Pusher Street in Denmark to halt cannabis sales, and the rapid growth of Poland's medical marijuana market, highlighted by Curaleaf International's expansion through the acquisition of Can4Med. Curaleaf Holdings Inc (OTCQX:CURLF) is recognized for its significant role in the European cannabis market.

Portfolio Pulse from Nina Zdinjak

April 08, 2024 | 4:50 pm

AAOI

Applied Optoelectronics, Inc. (AAOI) has reached a settlement in its patent infringement lawsuit against Molex, LLC. This resolution may impact AAOI's financial and market position positively, as it potentially safeguards its intellectual property and could lead to financial compensation or beneficial terms.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 4:43 pm