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DJT

Trump Media & Technology Group Corp (NASDAQ:DJT) shares rose after announcing the completion of its new live TV streaming platform's R&D phase, planning to scale up its content delivery network. The platform will roll out in three phases, focusing on live TV, including news, religious content, and family-friendly programming. The announcement follows recent selling pressure on DJT shares due to Trump's court appearance for a criminal trial and a filing for the potential issuance of up to 21.49 million shares.

Portfolio Pulse from Adam Eckert

April 16, 2024 | 1:31 pm

BA

Boeing Co. (NYSE:BA) has terminated its contract with Cornerstone Government Affairs, the lobbying firm that supported Boeing during the 737 Max crisis. This decision, made by Boeing's chief lobbyist Ziad "Z" Ojakli, aligns with the company's strategy to overhaul its leadership and lobbying efforts following the 737 Max incidents. Boeing's lobbying investment in 2023 amounted to $14.4 million with a significant lobbying team in place. The company's recent challenges include a decline in commercial aircraft deliveries and a safety incident involving a Delta Air Lines Boeing 757.

Portfolio Pulse from Benzinga Neuro

April 16, 2024 | 12:39 pm

GIL

Browning West, holding 5% of Gildan Activewear's shares, criticizes CEO Vince Tyra's strategy and governance, highlighting his track record of value destruction and underwhelming plans for the company. They propose electing eight new directors at the 2024 shareholder meeting to implement a value creation strategy, contrasting Tyra's approach with speculative spending and poor capital allocation. Browning West's plan aims to increase operating margins and shareholder returns, setting specific targets for share price growth.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 12:12 pm

UNH

UnitedHealth Group (NYSE:UNH) reported Q1 2024 earnings with better-than-expected revenue and adjusted EPS, despite taking a $872M hit from a cyberattack on its subsidiary Change Healthcare. Revenues increased to $99.8 billion, and adjusted EPS was $6.91. The company also incurred a $7 billion charge from selling its Brazil operations but saw growth in its Optum and UnitedHealthcare units. UNH shares rose 7.52% in premarket trading. The company expects a full-year 2024 impact from the cyberattack of $1.15 to $1.35 per share.

Portfolio Pulse from Vandana Singh

April 16, 2024 | 11:56 am

CLNE

GRPN

INO

LII

LYEL

LYV

MT

TVGN

Live Nation Entertainment, Inc. (LYV) shares fell 7.8% in pre-market trading due to a report of an impending antitrust lawsuit by the Justice Department. Other stocks such as Inovio Pharmaceuticals (INO), Groupon (GRPN), Lyell Immunopharma (LYEL), ArcelorMittal (MT), Tevogen Bio Holdings (TVGN), Lennox International (LII), and Clean Energy Fuels Corp (CLNE) also saw declines in pre-market trading due to various reasons including underwritten offerings, tax authority actions, downgrades, and upcoming financial results.

Portfolio Pulse from Avi Kapoor

April 16, 2024 | 10:53 am

LYV

Live Nation shares are trading lower after reports surfaced that the Justice Department is planning to file an antitrust lawsuit against the company.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 10:25 am

LYV

The Wall Street Journal reported that the Justice Department plans to file an antitrust lawsuit against Live Nation as soon as next month, according to sources. This move could have significant implications for the company's operations and market perception.

Portfolio Pulse from Charles Gross

April 16, 2024 | 8:55 am

DJT

Donald Trump's criminal trial began with the judge denying his request for recusal and warning of jail for courtroom disruptions. Trump Media & Technology Group Corp.'s stock (DJT) fell 18.35% amid the trial's start and a secondary share sale filing. Mary Trump highlighted the trial's potential impact on public opinion and the 2024 election.

Portfolio Pulse from Shanthi Rexaline

April 16, 2024 | 7:41 am