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OCTO

Eightco Holdings Inc. (NASDAQ:OCTO) has completed its final repayment of the Hudson Bay Note ahead of schedule, reducing debt and enabling growth for its subsidiary Forever 8. The company also conducted a private placement at $0.82 per share and issued promissory notes to investors. Changes in company officers and the issuance of common stock to settle obligations were announced. These financial maneuvers aim to reduce costs and focus resources on Forever 8's growth.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:44 pm

DOC

PEAK

Healthpeak Properties, Inc. (PEAK) and Healthpeak OP, LLC have successfully completed a consent solicitation and offers to guarantee for Physicians Realty L.P.'s senior notes, a key step in their merger with Physicians Realty Trust (DOC). This process received the required consents to amend the indentures governing the DOC Notes, facilitating the merger.

Portfolio Pulse from Happy Mohamed

February 26, 2024 | 9:35 pm

GOOG

META

Legal cannabis shop owners in New York are urging Gov. Kathy Hochul to investigate and potentially take legal action against social media and tech companies like Google (NASDAQ:GOOG) and Meta (NASDAQ:META) for allegedly enabling unlicensed cannabis shops to advertise their businesses. This comes amid concerns that these companies are complicit in allowing illicit cannabis operations to thrive, undermining New York's legal cannabis market and regulations.

Portfolio Pulse from Jelena Martinovic

February 26, 2024 | 9:34 pm

DLTR

Dollar Tree, Inc. (DLTR) and its subsidiary Family Dollar have resolved a DOJ investigation into operations at Family Dollar's Arkansas distribution center, agreeing to a plea deal involving a $200,000 fine and a $41,475,000 forfeiture. The investigation, initiated by a March 2022 subpoena, focused on adulterated FDA-regulated products. Dollar Tree has since enhanced safety, compliance, and operational procedures, including hiring new compliance roles, implementing risk-based controls, and achieving Good Distribution Practices certification across its distribution centers. A new, safety-focused distribution center in West Memphis is planned for fall 2024.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:14 pm

ACI

AMZN

COST

WMT

The FTC has filed a lawsuit to block Kroger's $25 billion bid for Albertsons, citing concerns over higher food prices and lower wages. Shares of Kroger fell 1.7%, while Albertsons rose 0.6%. Kroger argues the merger would allow it to compete more effectively with giants like Walmart and Costco, and has vowed to defend the merger in court.

Portfolio Pulse from Neil Dennis

February 26, 2024 | 8:16 pm

SPY

TSLA

Elon Musk, CEO of Tesla Inc (NASDAQ:TSLA), has been engaging with controversial racial content on X and facing allegations of illegal drug use. This behavior has raised concerns among investors and the public, contributing to Tesla's stock underperforming in comparison to the broader market. The S&P 500 ETF Trust (NYSE:SPY) has seen gains, while Tesla's stock has significantly declined. Tesla's board has been criticized for its silence on Musk's actions and compensation package, leading to calls for board changes.

Portfolio Pulse from Aaron Bry

February 26, 2024 | 7:50 pm

GOOG

GOOGL

MSFT

Google has intensified its criticism of Microsoft, cautioning about the potential monopoly Microsoft could establish in the cloud computing sector. This move by Google highlights the increasing competition and concerns regarding market dominance in the rapidly growing cloud services industry.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 7:44 pm

BMRN

BioMarin Pharmaceutical Inc. has complied with a subpoena from the U.S. Department of Justice requesting documents related to its testing programs for VIMIZIM and NAGLAZYME. The company cannot predict the outcome of the investigation or its impact on its business or financial statements.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 6:52 pm

BRK

Berkshire Hathaway Inc. (NYSE:BRK) shares experienced mixed movements after releasing its annual report and shareholder letter, highlighting significant investments and a potential lawsuit by the DOJ against its subsidiary, PacifiCorp, related to the 2020 Slater wildfire costs. The report also emphasized the limited opportunities for significant capital deployment outside the U.S.

Portfolio Pulse from Erica Kollmann

February 26, 2024 | 6:36 pm

ACI

SPY

The White House supports the FTC's lawsuit to block the Albertsons-Kroger merger, emphasizing President Biden's commitment to promoting healthy competition among large corporations to lower grocery costs for families.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 6:20 pm