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VTAK

Catheter Precision, Inc. (NYSE:VTAK), a US-based medical device company, has been granted two new patents in Great Britain and the European Market for its LockeT product line. These patents complement an earlier patent issued in Japan in 2023, bolstering the company's intellectual property portfolio in the electrophysiology sector.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 1:03 pm

CI

CVS

DGX

HUM

UNH

WBA

McKinsey & Co has agreed to a $78 million settlement to resolve allegations related to the opioid epidemic, particularly its involvement with Purdue Pharma. The settlement is pending judicial approval and addresses claims from third-party payers such as insurers. This follows a previous $230 million settlement with U.S. local governments and school districts over similar allegations.

Portfolio Pulse from Vandana Singh

January 02, 2024 | 12:56 pm

IQV

IQVIA Holdings, Inc.'s planned acquisition of DeepIntent, a healthcare advertising firm, has been blocked by a U.S. court following a Federal Trade Commission (FTC) order due to concerns over potential harm to competition. The FTC argued that the merger could lead to higher consumer prices and negative effects on patients. Despite IQVIA's disappointment and disagreement with the FTC's stance, the company is considering its options after the court's decision. DeepIntent's CEO stated the company would remain independent if the merger was blocked. The financial details of the deal were not disclosed.

Portfolio Pulse from Nabaparna Bhattacharya

January 02, 2024 | 11:55 am

MO

Juul directors Nick Pritzker and Riaz Valani orchestrated a bailout of the vaping company in 2022. During that time, Juul's CEO and General Counsel raised internal concerns about potential conflicts of interest involving Pritzker and Valani. The Wall Street Journal reported this information citing sources familiar with the matter. Altria Group Inc. (MO), which has a stake in Juul, may be indirectly affected by these developments.

Portfolio Pulse from Charles Gross

January 02, 2024 | 10:33 am

BTDR

South Korean opposition leader Lee Jae-myung was assaulted in Busan City during a media interaction after visiting a construction site. The attacker, feigning support, struck Lee with an unidentified weapon, leading to his hospitalization at Pusan National University Hospital. President Yoon Suk Yeol has called for a swift investigation and emphasized the need for immediate medical care for Lee, condemning the violence.

Portfolio Pulse from Benzinga Neuro

January 02, 2024 | 5:59 am

DIS

Mickey Mouse and other Disney characters from 1928, such as Minnie Mouse and Tigger, will enter the public domain on January 1, 2024, as their copyrights expire. This allows for new creative uses of these characters without needing Disney's permission. The change applies only to the original black-and-white versions, and Disney is known for protecting its copyrights. The transition could lead to new adaptations and legal challenges for Disney.

Portfolio Pulse from Benzinga Neuro

January 02, 2024 | 5:10 am

EWY

South Korean opposition leader Lee was attacked during a meeting with reporters in Busan. President Yoon has ordered a swift investigation and pledged full support for Lee's treatment, as per Yoon's office.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 3:10 am

GPN

MA

V

FP Omni Technologies is suing TSYS Acquiring Solutions, a subsidiary of Global Payments Inc (GPN), for $500 million over alleged breach of contract. FP Omni claims it was misled about TSYS's ability to process cannabis transactions until 2024, which was disrupted when Visa (V) and Mastercard (MA) banned cannabis-related transactions. TSYS calls the lawsuit baseless, stating it cannot override federal regulations. The lawsuit also hints at potential future cannabis-friendly payment systems by TSYS, Visa, and Mastercard.

Portfolio Pulse from Maureen Meehan

January 01, 2024 | 7:33 pm

BIDU

YY

JOYY Inc. received a notice from an affiliate of Baidu, Inc. attempting to terminate their 2020 Share Purchase Agreement for the sale of JOYY's YY Live. The sale was mostly completed in February 2021, but Baidu is now seeking to cancel the transaction. JOYY is considering legal options and reserves all rights.

Portfolio Pulse from Charles Gross

January 01, 2024 | 4:55 pm

NOK

Nokia Corporation (NYSE:NOK) announced it will not meet its 2023 sales outlook due to extended licensing renewal discussions expected to continue into 2024. Despite favorable court rulings, Nokia is focusing on protecting its patent portfolio's value over quick resolutions. The company anticipates falling short of its financial targets for 2023, impacting net sales, comparable operating margin, and free cash flow. Nokia will report its Q4 and full-year 2023 financial results on January 25, 2024. The Networks businesses are seeing improved order trends, especially in Network Infrastructure, despite a challenging quarter.

Portfolio Pulse from Nabaparna Bhattacharya

December 30, 2023 | 8:55 pm