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Legal

TSLA

Elon Musk has reportedly been secretly funding a conservative political group, Building America’s Future, since 2022, indicating a shift in his political stance. This revelation comes alongside his public endorsement of Trump and financial support for right-wing causes.

Portfolio Pulse from Shivdeep Dhaliwal

October 03, 2024 | 2:06 am

BTC-USD

Former President Donald Trump has reiterated his promise to commute the sentence of Ross Ulbricht, the creator of the Silk Road darknet marketplace, if re-elected. Ulbricht is serving a double life sentence for his role in the illegal drug trade facilitated by Bitcoin transactions. Trump's statement is seen as an effort to gain support from Libertarian voters.

Portfolio Pulse from Aniket Verma

October 03, 2024 | 1:37 am

TTWO

A leak related to Grand Theft Auto VI (GTA 6) has caused a stir among fans, leading to a DMCA takedown by Take-Two Interactive Software Inc. The game is highly anticipated, with a second trailer set to release soon. Elon Musk, however, is not joining the hype.

Portfolio Pulse from Adam Eckert

October 02, 2024 | 9:09 pm

BDX

BD has reached a settlement agreement to resolve most of its hernia litigation cases, with terms kept confidential. The settlement will not affect BD's cash flow goals or capital allocation strategy, as the amount is within the company's current litigation reserve and will be paid over several years.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 9:02 pm

ABG

CDK

Asbury Automotive has won a preliminary injunction against CDK Global, requiring CDK to provide data for four Asbury dealerships to Tekion Corp. This follows a lawsuit filed by Asbury in Georgia, as CDK had previously refused to transfer the data. Tekion competes with CDK in providing Dealership Management System services.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 8:55 pm

TCEHY

Epic Games CEO Tim Sweeney announced the company is now 'financially sound' after significant layoffs and strategic divestitures. The company laid off 830 employees and divested Bandcamp and SuperAwesome. Despite legal challenges costing $1 billion, Fortnite and the Epic Games Store have reached new user milestones.

Portfolio Pulse from Franca Quarneti

October 02, 2024 | 8:38 pm

AMZN

The National Labor Relations Board (NLRB) has issued a formal complaint against Amazon, asserting that the company is a joint employer of its Delivery Service Partner drivers. This means Amazon has a legal obligation to recognize and negotiate with the Teamsters Union.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 8:30 pm

DJT

SPY

U.S. prosecutors allege that Donald Trump planned to declare victory in the 2020 election before all ballots were counted if preliminary results showed him leading.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 7:43 pm

AMGN

A federal judge has ruled that Amgen Inc. must face a class-action lawsuit alleging it concealed a $10.7 billion tax liability, misleading shareholders. The lawsuit claims Amgen delayed disclosures about its tax dispute with the IRS, causing significant shareholder losses.

Portfolio Pulse from Vandana Singh

October 02, 2024 | 5:34 pm

ME

23andMe is facing legal challenges over a $30 million settlement related to a data breach affecting 14,000 user accounts. A law firm representing 5,000 customers objects to the settlement, claiming it undermines claimants' rights. The company argues the settlement is necessary to protect its financial stability.

Portfolio Pulse from Vandana Singh

October 02, 2024 | 4:44 pm