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ESPR

Esperion Therapeutics' stock is trading lower following an announcement of a $125 million amendment to its collaboration with Daiichi Sankyo Europe, which also includes a resolution to pending litigation.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 3:54 pm

AAPL

ADBE

AMZN

GOOG

MSFT

techUK, representing companies like Apple, Google, and Microsoft, opposes UK's proposed surveillance laws, fearing data security threats and legal conflicts. The group, which includes Apple, Alphabet's Google, Microsoft, Adobe, and Amazon, seeks to discuss the Investigatory Powers Act changes that could undermine encryption and impact tech investments in the UK. Apple has previously resisted such laws and threatened to withdraw iMessage and FaceTime over encryption issues.

Portfolio Pulse from Rounak Jain

January 03, 2024 | 2:21 pm

AMZN

Amazon (NASDAQ:AMZN) is facing increased scrutiny as merchants suspended from its platform seek legal assistance to regain account access. A growing number of law firms are now specializing in e-commerce issues, particularly those involving Amazon, with some handling hundreds of cases yearly. Sellers express concerns over the unpredictability and lack of support regarding Amazon's suspension practices. Despite Amazon's efforts to improve its enforcement and appeal processes, the complexity of its policies leads sellers to seek external legal and consultancy services. Amazon's stock was down 0.51% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

January 03, 2024 | 12:49 pm

ESPR

Esperion Therapeutics, Inc. and Daiichi Sankyo Europe have amended their collaboration agreement with a $125 million deal, which also includes the resolution of pending litigation between the two companies. This amendment is expected to strengthen the partnership and enhance the commercial prospects for Esperion's products in Europe.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:07 pm

MSFT

Microsoft's Xbox banned a user for one year for capturing gameplay footage of 'Baldur's Gate 3', a popular role-playing game released in 2023. The footage was flagged as explicit content by Xbox's safety systems, with each clip resulting in an individual infraction. The ban has raised questions among users, especially since Microsoft approved the game for its platform. Users can disable automatic uploads of captured clips to avoid similar issues.

Portfolio Pulse from Rounak Jain

January 03, 2024 | 9:51 am

BTC-USD

ETH-USD

The infrastructure bill backed by President Biden, which mandates cryptocurrency brokers to report transactions over $10,000 to the IRS, is now in effect. The law aims to reduce the tax gap and requires the submission of client details within 15 days. Coin Center's executive director Jerry Brito expressed concerns about the practical challenges and risks of non-compliance for users, highlighting the difficulties in reporting transactions involving anonymous or decentralized exchanges.

Portfolio Pulse from Mehab Qureshi

January 03, 2024 | 7:04 am

BTCUSD

Federal prosecutors have decided not to pursue additional criminal charges against Sam Bankman-Fried, founder of FTX, that were not covered in his previous trial. He awaits sentencing on March 28 for seven criminal counts, including wire fraud and money laundering. Robert F. Kennedy Jr. commented on the dismissal of charges related to political campaign finance violations, highlighting the normalization of corruption. Bitcoin's price action is mentioned with a slight decrease in value.

Portfolio Pulse from Mehab Qureshi

January 03, 2024 | 4:06 am

PLTR

Palantir Technologies (NYSE:PLTR) announced it will hold its first board meeting of the year in Tel Aviv, Israel, as a sign of solidarity with the country. Palantir has operated in Israel for a decade and has previously expressed support for Israel, especially during the conflict with Hamas. The company's AI software is used in various sectors, including public health and defense. Palantir's public stance has led to protests, such as the one by Healthcare Workers for Palestine at Palantir's UK office. Palantir's stock closed 3.44% lower at $16.58 and fell another 0.3% after-hours.

Portfolio Pulse from Benzinga Neuro

January 03, 2024 | 3:57 am

TSLA

Tesla Inc (NASDAQ:TSLA) is contesting a former employee's bankruptcy claim to avoid paying a $425,000 legal debt to the company. Martin Tripp, the ex-employee, admitted to breaching trade secret laws and confidentiality agreements and was ordered to pay $400,000 to settle a lawsuit and an additional $25,000 in sanctions. Tripp had begun payments but filed for bankruptcy in late September, which Tesla is now challenging.

Portfolio Pulse from Benzinga Neuro

January 03, 2024 | 2:30 am

GTBIF

ITHUF

MMNFF

New York and New Jersey are at a regulatory crossroads with cannabis legalization, balancing social equity and industry growth. The New York Cannabis Control Board's tie vote on allowing medical marijuana companies like Green Thumb Industries and iAnthus Capital Holdings to enter the recreational market has left the decision pending. Meanwhile, MedMen Enterprises and Goodness Growth Holdings await similar consideration. New York approved two new cannabis testing labs and emphasized the need for more dispensaries. CONBUD, a social equity dispensary in New York, is a symbol of reform, owned by previously incarcerated individuals. New Jersey's cannabis market saw $578 million in sales, but faces challenges like high prices and local dispensary bans.

Portfolio Pulse from Joana Scopel

January 03, 2024 | 1:14 am