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Legal

MOS

The EPA has settled with Mosaic Fertilizer and Tampa Port Services for Clean Air Act violations at a Louisiana facility. The settlement includes over $217,000 in penalties, installation of ammonia gas monitors, and equipment donations to local emergency services.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 6:56 pm

MOR

NVS

MorphoSys disputes the accuracy of a STAT News article suggesting Novartis will abandon its $3 billion acquisition of MorphoSys due to concerns over pelabresib, a drug for myelofibrosis. The article, based on speculation and anonymous sources, predicts Novartis will pay a breakup fee to avoid the acquisition, potentially leaving MorphoSys and pelabresib's future uncertain.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 6:49 pm

SPY

President Biden has stated that a bipartisan immigration bill, which he deems fair, is unlikely to progress due to opposition from Donald Trump. This statement highlights the political challenges facing immigration reform in the current climate.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 6:20 pm

CMI

Cummins Inc (NYSE:CMI) reported a 10% year-over-year sales growth for Q4 fiscal 2023, reaching $8.54 billion and surpassing the $8.14 billion consensus. Despite strong sales, adjusted EPS of $4.14 missed expectations by $0.34. The company faced a $2.04 billion charge related to U.S. regulatory claims and other costs. Operating loss was $(1.21) billion compared to an income of $802 million a year ago. Cummins anticipates a 2%-5% revenue decline in 2024, with an EBITDA margin of 14.4%-15.4%. Shares rose 3.07% to $248.51.

Portfolio Pulse from Akanksha Bakshi

February 06, 2024 | 5:33 pm

HMC

VFS

Honda Motor Company, Ltd. (NYSE:HMC) shares rose after announcing a recall of 750,114 vehicles in the U.S. due to air bag deployment issues, affecting models like the Pilot, Accord, Civic, CR-V, and Passport from 2020-2022. Dealers will replace seat weight sensors free of charge. Despite 3,834 warranty claims, no injuries or fatalities have been reported. Separately, VinFast Auto Ltd. (NASDAQ:VFS) recalled around 6,000 VF 5 cars due to a design error in the control circuit board.

Portfolio Pulse from Nabaparna Bhattacharya

February 06, 2024 | 4:54 pm

DWAC

PHUN

A federal appeals court ruled that former President Donald Trump is not immune from prosecution for alleged crimes related to his efforts to overturn the 2020 election and the Jan. 6 Capitol riot. Special Counsel Jack Smith has brought charges against Trump, including subversion and conspiring to defraud the United States. Following the ruling, Trump-linked stocks Phunware Inc (PHUN) and Digital World Acquisition Corp (DWAC) traded sharply lower, down around 7% and 9%, respectively.

Portfolio Pulse from Aaron Bry

February 06, 2024 | 4:53 pm

AAPL

APTV

GOOGL

GM's Cruise faces scrutiny in California after failing to fully disclose details of an October accident involving a pedestrian. The incident has raised concerns about the safety of autonomous vehicles (AVs), impacting the reputation of Cruise and the AV industry. The California Public Utilities Commission is investigating the matter. Additionally, the AV market faces challenges as companies like Ford, Volkswagen, and Aptiv dial back on AV plans, while Apple delays its AV launch.

Portfolio Pulse from Neil Dennis

February 06, 2024 | 4:49 pm

The U.S. FAA Administrator announced that an external firm is reviewing the FAA's longstanding practice of delegating some aircraft certification tasks to Boeing. This review comes amid scrutiny over the safety and regulatory compliance of Boeing's aircraft certification processes.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 4:41 pm

CTLT

LLY

NVO

A Lilly executive stated the company plans to hold Catalent accountable to their contract amid gaining more information on the Novo-Catalent deal, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 4:16 pm

ASTS

BIGC

GSK

IEP

Jim Cramer shared his views on several stocks on CNBC's 'Mad Money Lightning Round'. He is bullish on GSK plc, citing its recent legal settlement and positive momentum. Cramer is cautious about AST SpaceMobile and Kroger, due to concerns about profitability and the CFO's departure, respectively. He praised Parker-Hannifin for its strong financial performance and guidance, while dismissing BigCommerce in favor of Amazon. Cramer also expressed uncertainty about Icahn Enterprises' holdings.

Portfolio Pulse from Avi Kapoor

February 06, 2024 | 3:56 pm