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GRFS

Grifols SA shares plummeted 42% premarket following allegations that the company has been manipulating its reported debt and EBITDA figures. The report suggests that Grifols' actual leverage ratio may be closer to 10x-13x, significantly higher than the reported 6x.

Portfolio Pulse from Charles Gross

January 09, 2024 | 9:47 am

LMT

The residence of the late former Prime Minister Kakuei Tanaka in Tokyo was damaged by fire. No injuries were reported. The fire started while his daughter, former Foreign Minister Makiko Tanaka, was lighting incense sticks. The residence is known for the Lockheed bribery scandal from the 1970s, where Lockheed Aircraft Corp. paid bribes to Japanese officials, including Tanaka. Lockheed Corporation, now Lockheed Martin Corp (NYSE:LMT), was involved in the scandal.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 6:19 am

TSLA

Elon Musk, CEO of Tesla Inc (NASDAQ: TSLA), refuted claims that former director Linda Johnson Rice left the company due to his drug use. Musk stated that Johnson simply completed her term. The allegations of Musk's drug use, including substances like ketamine, LSD, cocaine, and ecstasy, were not investigated by the board. Musk also mentioned that he had undergone three years of random drug testing for NASA with no issues. He criticized the media outlet reporting these allegations.

Portfolio Pulse from Anan Ashraf

January 09, 2024 | 4:37 am

MSFT

NYT

OpenAI has refuted allegations by The New York Times Co. (NYT) that it used copyrighted articles to train ChatGPT, calling the issue a 'rare bug'. OpenAI is working to fix the bug and suggests the Times may have manipulated prompts. The lawsuit is part of a broader debate on compensating content creators for AI training data. OpenAI is in talks with publishers to license content, with discussions described as positive.

Portfolio Pulse from Ananya Gairola

January 09, 2024 | 2:19 am

ALK

BA

UAL

United Airlines Holdings Inc (NASDAQ:UAL) has discovered loose bolts on several grounded Boeing 737 MAX 9 airplanes, raising concerns about Boeing Co's (NYSE:BA) manufacturing processes. The issue came to light after an incident with an Alaska Airlines (NYSE:ALK) MAX 9 plane, leading to the grounding of 171 aircraft. Boeing's shares fell by 8% following the news. The FAA has authorized inspections, and Boeing has expressed its commitment to safety and support for the ongoing investigation.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 12:50 am

ALK

BA

SPR

Boeing has committed to assisting airlines with all findings related to the 737 Max 9 door plug following required inspections. The company expressed regret for the impact on customers due to the inspection findings.

Portfolio Pulse from Charles Gross

January 08, 2024 | 11:48 pm

SPY

Tracy Kasper, the president of the National Association of Realtors (NAR), announced her resignation following a blackmail threat over a past personal matter. This comes after her predecessor, Kenny Parcell, resigned amid sexual harassment allegations, and NAR CEO Bob Goldberg resigned following a federal jury's ruling against NAR for artificially inflating brokers' commissions, resulting in a $1.78 billion penalty.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 8:38 pm

BRK.B

Charlie Munger, who passed away in November at 99, left behind valuable life lessons he shared with his children. Munger, known for his role at Berkshire Hathaway Inc (BRK), taught the importance of working with various clients to succeed, returning borrowed items in better condition, and the value of honesty in business. His children, Charles and Wendy, recounted specific instances where these lessons impacted their lives.

Portfolio Pulse from Adam Eckert

January 08, 2024 | 7:24 pm

SMX

Security Matters is set to be granted U.S. Patent Number 11,867,645, titled 'System And Method For Detection And Identification Of Foreign Elements In A Substance By X-Ray Or Gamma-Ray Detection And Emission'. The patent issuance will occur tomorrow.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 6:38 pm

AIR

ALK

BA

AAR Corp. has clarified that it did not perform any work on the mid-cabin exit door plug of the Alaska Airlines Boeing 737 MAX 9 involved in the January 5, 2024 incident. AAR was contracted for a Wi-Fi modification on the aircraft, which was completed before the incident.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 6:27 pm