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DIS

A couple is suing Walt Disney Parks and Resorts (NYSE:DIS) over an injury sustained on a water slide at Typhoon Lagoon water park. The lawsuit alleges that the high-speed slide caused severe injuries to Emma McGuinness, requiring hospitalization and gynecological repairs. The couple is seeking over $50,000 in damages, accusing Disney Parks of failing to provide protective clothing or equipment, adequately warn about the slide’s risks, or maintain the slide to prevent riders from becoming airborne.

Portfolio Pulse from Benzinga Neuro

October 04, 2023 | 10:18 am

ANF

A new documentary accuses former Abercrombie & Fitch CEO, Mike Jeffries, and his partner, Matthew Smith, of exploiting young men for sex at events they hosted between 2009 and 2015. The allegations, which have not been responded to by Jeffries and Smith, have led to calls for an investigation into potential sex trafficking charges. Abercrombie & Fitch expressed shock and disgust at the alleged misconduct.

Portfolio Pulse from Benzinga Neuro

October 04, 2023 | 3:40 am

BTCUSD

Sam Bankman-Fried, former CEO of FTX and co-founder, is facing seven criminal charges including wire fraud and money laundering. He has pleaded not guilty and claims his intentions with the cryptocurrency exchange platform, FTX, were misunderstood. He has also attempted to shift the blame for FTX’s collapse onto other executives, including Caroline Ellison, former CEO of Alameda Research and his on-and-off again girlfriend. Ellison pleaded guilty to fraud charges in December and is cooperating with investigators. She is expected to serve as a crucial witness in the ongoing criminal trial against Bankman-Fried.

Portfolio Pulse from Mehab Qureshi

October 04, 2023 | 3:26 am

BTCUSD

COIN

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin have experienced a significant decline due to concerns over higher interest rates potentially pushing the economy into a recession. The U.S. dollar continues to strengthen, intensifying risk aversion sentiments. The trial against former FTX CEO Sam Bankman-Fried has begun, following the company's controversial collapse last year. U.S. regulators have opposed Coinbase Inc.’s plea to dismiss the securities law violation it is accused of. Stocks also experienced a significant decline on Tuesday, triggered by a surge in Treasury yields.

Portfolio Pulse from Mehab Qureshi

October 04, 2023 | 2:26 am

DWAC

NVAX

PLTR

TSLA

U.S. stocks experienced a downturn with the S&P 500, Dow, and NASDAQ declining. Novavax's stock increased following the FDA's Emergency Use Authorization for its updated Covid-19 vaccine. Palantir's stock declined despite a good quarter. Digital World Acquisition Corporation's stock increased, influenced by the ongoing civil fraud case against Donald Trump. Tesla's stock declined due to concerns about potential impacts on the company's profit margins following the introduction of a cheaper Model Y variant.

Portfolio Pulse from Benzinga Neuro

October 04, 2023 | 1:47 am

CDNA

NTRA

CareDx has issued a statement regarding a Supreme Court decision on Stanford-licensed patents, stating that the decision will not impact its ability to continue providing AlloSure dd-cfDNA.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 10:05 pm

COIN

The U.S. Securities and Exchange Commission (SEC) has filed an opposition to Coinbase's motion to dismiss the regulator's lawsuit against the company, according to a court filing.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 10:03 pm

BFRI

Biofrontera has been served with a complaint filed in the United States District Court for the District of Massachusetts by Dusa Pharmaceuticals and Sun Pharmaceutical Industries, alleging breach of contract.

Portfolio Pulse from Charles Gross

October 03, 2023 | 9:29 pm

COIN

The trial of Sam Bankman-Fried, founder of the collapsed crypto exchange FTX, has begun. He is accused of a multi-billion dollar cryptocurrency fraud. The trial's outcome could shape crypto regulation for years to come. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission are both vying for oversight of the crypto market. The SEC has begun operating under the definition that all forms of digital assets are securities. This has led to a crackdown on major crypto exchanges and companies, including Binance and Coinbase Global Inc (NASDAQ:COIN).

Portfolio Pulse from Natan Ponieman

October 03, 2023 | 8:54 pm

CDNA

NTRA

The United States Supreme Court has denied CareDx's petition for certiorari concerning a patent infringement lawsuit against Natera. This final decision effectively terminates any existing claims brought by CareDx against Natera concerning these patents.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 8:45 pm