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ACAD

Acadia Pharmaceuticals Inc. received a favorable Claim Construction Order from the U.S. District Court for the District of Delaware regarding its '721 formulation patent for NUPLAZID®, a drug for Parkinson's Disease Psychosis. The Court ruled in favor of Acadia on all disputed claim construction points, affirming the strength of the patent. Consequently, the scheduled Markman hearing has been cancelled, with the trial set for December 2024.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 7:20 am

AAPL

GOOG

GOOGL

Apple Inc. (AAPL) has updated its policy to require a court order before disclosing customer push notification details to law enforcement, a move aimed at enhancing user data privacy. This change follows reports that Apple and Alphabet Inc. (GOOG, GOOGL) had previously complied with government requests for such data without court orders. Senator Ron Wyden has raised concerns about foreign governments accessing personal data, prompting Apple to improve its transparency reporting. Google already has a similar policy in place.

Portfolio Pulse from Benzinga Neuro

December 14, 2023 | 6:17 am

AAPL

ADBE

BABA

PFE

TSLA

U.S. stock indices rose on Wednesday, with the Dow Jones, S&P 500, and Nasdaq all seeing gains after Fed Chair Jerome Powell hinted at a peak in interest rates with potential cuts ahead. Apple Inc. faced an EU antitrust lawsuit but its stock remained strong. Adobe Inc. saw a dip due to a weak Q1 revenue forecast despite beating Q4 expectations. Pfizer Inc.'s stock dropped after lowering its FY24 revenue forecast and mixed drug trial results. Alibaba Group had a slight increase amidst ongoing challenges. Tesla Inc. rose slightly, maintaining optimism despite a large vehicle recall.

Portfolio Pulse from Benzinga Neuro

December 14, 2023 | 2:46 am

GM

Reuters has reported that nine key leaders at General Motors' autonomous vehicle unit, Cruise, have left the company. This exodus comes amid an ongoing investigation into an accident that occurred on October 2 involving a Cruise vehicle.

Portfolio Pulse from Charles Gross

December 13, 2023 | 10:15 pm

AAPL

SPOT

The EU is preparing an antitrust lawsuit against Apple Inc (AAPL) due to a complaint from Spotify Technologies (SPOT) about Apple's app store practices. Spotify claims these practices forced them to increase prices and lose customers to Apple Music. The EU's action is part of broader efforts to regulate big tech companies. Despite this, Apple's stock price rose after comments from Fed Chairman Jerome Powell about potential rate cuts in 2024.

Portfolio Pulse from Aaron Bry

December 13, 2023 | 10:10 pm

DIS

Former Rep. George Santos, after being expelled from Congress, has turned to Cameo to earn income, surpassing his Congressional salary. Santos, who faced allegations of lying and federal charges, is listed on Cameo as a 'former Congressional icon' and has completed over 700 videos. Jimmy Kimmel, host of ABC's 'Jimmy Kimmel Live!' owned by Walt Disney Company (NYSE:DIS), used Cameo to request videos from Santos for a segment, leading Santos to demand $20,000 from Kimmel for airing the videos on TV.

Portfolio Pulse from Chris Katje

December 13, 2023 | 9:51 pm

ADBE

Adobe has indicated that the defense or resolution of an FTC matter could involve significant monetary costs or penalties, which may have a material impact on the company's financial results and operations.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:26 pm

ADBE

Adobe has been cooperating with the FTC since June 2022, responding to a Civil Investigative Demand. The FTC is seeking information about Adobe's disclosure and subscription cancellation practices in relation to the Restore Online Shoppers' Confidence Act.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:24 pm

ADBE

Adobe has expressed strong disagreement with the European Commission's (EC) preliminary statement of objections and the UK's Competition and Markets Authority (CMA) competition concerns regarding its proposed acquisition of Figma.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:14 pm

LNW

Light & Wonder, Inc. (LNW) has officially appointed Oliver Chow as the company's Executive Vice President, Chief Financial Officer, and Treasurer. Chow has been serving as the Interim CFO since August 2023 and has over 15 years of experience in entertainment and gaming, with previous senior finance roles at Aristocrat and other companies. CEO Matt Wilson expressed confidence in Chow's abilities and experience. Chow is committed to supporting the company's growth and financial strategy.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:13 pm