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DIS

META

TSLA

Elon Musk, the world's richest person, has been involved in several public disputes with other high-profile figures in 2023, including Meta's Mark Zuckerberg, Microsoft's Bill Gates, Disney's Bob Iger, and politicians. Despite Musk's confrontational stance, these figures have generally not responded in kind. JPMorgan's Jamie Dimon and Amazon's Jeff Bezos have even praised Musk's leadership. The lack of pushback may be due to an intimidation factor, with Musk's significant platform and wealth allowing him to be outspoken without much repercussion. This dynamic is particularly relevant for CEOs of public companies like Iger, who must maintain a certain decorum.

Portfolio Pulse from Chris Katje

January 03, 2024 | 11:59 pm

BFRI

Biofrontera entered into a confidential settlement agreement and mutual release with Maruho, effective December 22, 2023, resolving an arbitration proceeding initiated by Biofrontera in the International Chamber. The details of the settlement were not disclosed.

Portfolio Pulse from Charles Gross

January 03, 2024 | 10:36 pm

BRN

West Maui has terminated the purchase agreement with Barnwell Industries according to a notice sent by the law firm representing West Maui, as disclosed in an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:29 pm

AIM

The Delaware Court of Chancery ruled in favor of Mr. Kellner, finding four advance notice bylaw provisions adopted by AIM ImmunoTech's Board in March 2023 invalid. These provisions were deemed to entrench incumbents and thwart proxy contests, potentially affecting future board elections and governance.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:17 pm

DIS

Aaron Rodgers made allegations on 'The Pat McAfee Show' suggesting Jimmy Kimmel is connected to Jeffrey Epstein, which Kimmel strongly denied and threatened legal action. The Walt Disney Company (NYSE:DIS), which owns both 'The Pat McAfee Show' and 'Jimmy Kimmel Live', is caught in the middle of the feud. McAfee apologized for the show's involvement, and the situation could affect Rodgers' future appearances on the show.

Portfolio Pulse from Chris Katje

January 03, 2024 | 8:34 pm

WAVS

Western Acquisition Ventures Corp (WAVS) has announced the resignation of Stephen Christoffersen as CEO and William Lischak as CFO, effective December 27, 2023, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 7:55 pm

MSOS

The DEA has informed Congress that it has the final say on marijuana scheduling decisions, despite HHS's recommendation to reclassify marijuana to Schedule III. The DEA is currently reviewing the recommendation, but the timeline for completion is unclear. Lawmakers and various groups have expressed differing opinions on the matter, with some urging for descheduling and others for maintaining its Schedule I status. The DEA also warned Georgia pharmacies against dispensing THC, as marijuana remains a Schedule I drug.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 7:46 pm

ESPR

NMRD

SASI

SIDU

SOFI

TPHS

U.S. stocks traded lower, with the Nasdaq Composite down over 100 points. Energy shares rose, while real estate shares fell. Job openings slightly decreased. Sidus Space (SIDU) spiked after securing a remote sensing license. Trinity Place Holdings (TPHS) surged following a loan forbearance extension. Sigma Additive Solutions (SASI) gained on stock issuance approval. SoFi Technologies (SOFI) dropped after a downgrade. Esperion Therapeutics (ESPR) fell post-collaboration amendment. Nemaura Medical (NMRD) decided to move to OTC Markets after Nasdaq delisting.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 7:20 pm

ACB

CGC

CRON

MSOS

SNDL

TLRY

The Drug Enforcement Administration (DEA) has informed House lawmakers that its review of marijuana's status as a Schedule I controlled substance is ongoing. The DEA's response comes amid increasing pressure from legislators and advocates for federal cannabis reform. The review's outcome could have significant implications for the legal status and regulation of marijuana in the United States.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 6:42 pm

AAPL

MASI

Needham downgraded Masimo Corporation (MASI) from Buy to Hold, with no new price target, previously $86, due to uncertainties around Apple Inc's (AAPL) patent appeal and potential royalty payments for Apple Watch. A U.S. appeals court temporarily halted an import ban on certain Apple smartwatches amid the patent dispute with Masimo. Apple has also filed a lawsuit against Masimo in Delaware. The downgrade reflects the view that potential royalties from AAPL are mostly priced into MASI shares, and concerns over MASI's earnings potential and mixed feedback on its new consumer health products. MASI shares dropped 2.39% to $111.88.

Portfolio Pulse from Vandana Singh

January 03, 2024 | 6:30 pm