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EIS

Reuters reports, citing the Gaza Health Ministry, that Israeli strikes on Gaza since October have resulted in 26,637 Palestinian deaths and 65,387 injuries.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:55 pm

KAVL

Kaival Brands' partner Bidi Vapor is challenging the FDA's denial of its Premarket Tobacco Product Application (PMTA) for its 'Classic' tobacco-flavored electronic nicotine delivery systems (ENDS). The FDA's decision is a significant setback for Bidi Vapor, as the 'Classic' flavor is a key product in its lineup. Bidi Vapor believes that the FDA's decision is not in line with the public health objectives and is contesting the denial to potentially reverse the decision.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:18 pm

LGVN

Longeveron has received a notice of allowance for a United States patent for its Medicinal Signaling Cells (MSC) technology. This patent allowance is a significant step in protecting the company's intellectual property and may enhance its competitive position in the regenerative medicine market. The patent covers the methods of preparing and using MSCs, which are a cornerstone of Longeveron's therapeutic product candidates.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:02 pm

CDLX

Cardlytics has settled its dispute with SRS by agreeing to pay $25 million in cash and issuing 3.6 million shares of its common stock to SRS. This resolution concludes the legal conflict between the two entities.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 12:58 pm

CYN

Cyngn, a developer of autonomous vehicle technologies, has been granted a new US patent for its AI-powered systems. This patent strengthens Cyngn's intellectual property portfolio and may enhance its competitive position in the autonomous vehicle market.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 12:06 pm

MMM

3M (NYSE:MMM) has announced that it will pay $6 billion to settle the Combat Arms Earplugs litigation, with claimant participation expected to exceed the 98% threshold. The settlement, announced in August 2023, allows 3M to pay up to $1 billion in stock or cash, and 3M has chosen to pay in cash. The settlement is expected to resolve over 99% of the claims by March 25, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 11:34 am

BP

BP is facing pressure from activist investors to abandon its commitment to clean energy initiatives. These investors are pushing for a focus on more profitable oil and gas operations, challenging the company's strategy to transition towards more sustainable energy sources.

Portfolio Pulse from Charles Gross

January 29, 2024 | 9:40 am

AER

AL

BA

The aviation finance community is meeting in Dublin to discuss the impact of the Boeing 737 MAX 9 safety crisis on the $150 billion jet industry. This follows a recent in-flight incident with an Alaska Airlines 737 MAX 9, which led to an emergency landing due to a door plug blowout. The Federal Aviation Administration has halted any increase in 737 MAX production until Boeing addresses quality control issues. This could slow production, benefit leasing companies with increased returns, and raise lease rates for airlines. Key industry players like AerCap, SMBC Aviation Capital, Air Lease, and Avolon are in focus as the situation develops.

Portfolio Pulse from Benzinga Neuro

January 29, 2024 | 4:55 am

AMZN

Amazon MGM Studio is developing a movie about the $4 billion Bitfinex Bitcoin heist, focusing on the lives of Heather 'Razzlekhan' Morgan and Ilya Lichtenstein, who were involved in the 2016 hack. The film is directed by Hannah Marks, co-produced by Lili Reinhart, and based on a New York Times article. Morgan and Lichtenstein confessed to the theft and money laundering and could face up to 20 years in prison. Amazon has not released further details about the film's production or release dates.

Portfolio Pulse from Mehab Qureshi

January 29, 2024 | 4:03 am

EGRNQ

EVGRF

China Evergrande (OTC:EGRNQ) shares were halted following a Hong Kong court's liquidation order due to the company's massive $300 billion debt. The liquidation marks a significant event for China's financial markets, already facing economic slowdowns and a struggling property sector. Earlier, Evergrande's EV unit, China Evergrande New Energy Vehicle Group Ltd (OTC:EVGRF), saw a 23% drop in shares after the arrest of an executive director.

Portfolio Pulse from Benzinga Neuro

January 29, 2024 | 3:12 am