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UNH

The U.S. government has initiated an antitrust investigation into UnitedHealth Group, a major player in the healthcare industry. This move signals increased scrutiny of the company's business practices and market dominance.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 8:53 pm

TGTX

TG Therapeutics' stock is trading higher following the announcement of the issuance of additional patents for BRIUMVI, a key product in their portfolio.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 8:43 pm

SPY

Senate Republican Leader McConnell has expressed his support for a full Senate trial for Homeland Security Secretary Mayorkas, according to Reuters. This political development could have implications for market sentiment and the performance of broader market indices.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 7:26 pm

X

Nippon Steel has enlisted Vox Global as a subcontractor to Akin Gump Strauss Hauer & Feld to strengthen its lobbying efforts for the acquisition of U.S. Steel. This move aims to facilitate the Japanese company's planned acquisition by enhancing its influence and advocacy in the U.S.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 5:27 pm

SRNE

VRPX

Virpax Pharmaceuticals (VRPX) shares are trading lower following the announcement of a proposed litigation settlement with Sorrento Therapeutics (SRNE) and Scilex Pharmaceuticals, alongside a 1-for-10 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 5:24 pm

CVS

GOOGL

UNH

WBA

Hackers from the 'Blackcat' ransomware gang disrupted UnitedHealth Inc's prescription deliveries by targeting its technology unit, Change Healthcare. UnitedHealth, which merged Change with Optum in 2022, is investigating the breach with Alphabet Inc's cybersecurity unit, Mandiant. The hack has also affected pharmacy chains like CVS Health Inc and Walgreens Boots Alliance Inc, impacting their ability to process prescriptions and insurance claims. The incident raises questions about UnitedHealth's cybersecurity measures and has knock-on effects on related businesses.

Portfolio Pulse from Vandana Singh

February 27, 2024 | 4:12 pm

NSC

Ancora Holdings has initiated a proxy battle with Norfolk Southern Corp (NSC), aiming to overhaul its board and replace CEO Alan Shaw with a focus on making the railroad safer and more sustainable. Ancora, holding a $1B stake, proposes a new management team including ex-UPS COO Jim Barber Jr. as CEO. Norfolk Southern has responded by nominating 13 board members, emphasizing continuity and safety, and expressing concerns about Ancora's approach. The company's shares slightly declined.

Portfolio Pulse from Vandana Singh

February 27, 2024 | 4:07 pm

SOUN

Capybara Research released a report on SoundHound AI, criticizing its repeated failures, misuse of NVIDIA's investment, and CEO's misleading statements. The report highlights SoundHound's history of unsuccessful ventures, financial struggles, and attempts to exploit AI hype without substantial business success. It also points out insider selling and concerns over shareholder dilution.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 3:44 pm

LUNR

Intuitive Machines, Inc. (NASDAQ:LUNR) reported that its moon lander, Odysseus, continues to communicate from the lunar surface, with communication expected to last until Tuesday morning. The lander has sent images from its landing site, Malapert A, marking a significant achievement in lunar exploration. However, shares of Intuitive Machines have dropped following a mishap during landing last Friday, where the lander tipped over, potentially due to excessive speed. Despite the setback, the lander's successful landing and communication have been confirmed by NASA's Lunar Reconnaissance Orbiter Camera team.

Portfolio Pulse from Nabaparna Bhattacharya

February 27, 2024 | 3:26 pm

CVNA

Kerrisdale Capital has publicly announced via Twitter that they have sent a letter to Carvana's auditors at Grant Thornton, raising concerns about Carvana's aggressive accounting practices and inflated profit metrics.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:30 pm