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TSLA

Elon Musk admitted in a deposition to using a secret account on X (formerly Twitter) to impersonate his toddler son. The account, @ErmnMusk, was used to interact with notable figures like Michael Saylor and Brian Chesky. Musk's activities on X, including this incident, have raised concerns about his influence on the platform's financial stability and user experience. The account was deleted following a court discovery order but remains visible on internet archives.

Portfolio Pulse from Ananya Gairola

April 10, 2024 | 8:38 am

PHG

Philips and its subsidiaries, Philips Holding USA and Philips Respironics, have finalized a consent decree with the DOJ and FDA, focusing on Philips Respironics' operations in the US. This agreement provides a clear path for compliance and business restoration. The financial outlook for 2023-2025 remains unchanged, taking this decree into account.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 7:26 am

BA

American Airlines pilot and Allied Pilots Association spokesperson, Capt. Dennis Tajer, criticized Boeing Co.'s 787 aircraft assembly quality, calling it a 'mess' and raising safety concerns. This criticism comes amid increased scrutiny over Boeing's manufacturing practices, with a Senate subcommittee set to investigate. Boeing's stock dropped 1.89% following these allegations, and the company faces challenges with a recent drop in first-quarter deliveries for 2024.

Portfolio Pulse from Benzinga Neuro

April 10, 2024 | 6:36 am

BA

The Boeing Company (NYSE:BA) faces new scrutiny as a Senate subcommittee prepares to investigate safety allegations regarding the 787 Dreamliner, following claims by whistleblower engineer Sam Salehpour about potential structural integrity issues due to improperly assembled parts. This comes amid broader concerns over Boeing's safety culture and follows a series of incidents involving Boeing aircraft, including a recent 737 MAX incident and a 737-800 losing an engine cover. The investigation could impact Boeing's reputation and stock performance.

Portfolio Pulse from Benzinga Neuro

April 10, 2024 | 2:55 am

DJT

Co-founders of Trump Media & Technology Group Corp (NASDAQ:DJT), Andy Litinsky and Wes Moss, are suing Donald Trump over share lockup terms, aiming to sell their shares sooner. They accuse Trump of using the lockup to retaliate against them for a previous lawsuit regarding their stake dilution. The legal battle comes as Trump, owning 60% of TMTG, faces financial pressures from a $454 million judgment. DJT shares have dropped over 22% in the past week and over 50% from post-IPO highs.

Portfolio Pulse from Chris Katje

April 09, 2024 | 9:41 pm

BA

EADSF

EADSY

LMT

Boeing Co (NYSE:BA) faces challenges as Q1 deliveries drop to 97 planes, causing the stock to fall by 1.87% and over 30% YTD. Issues include a mid-air incident, CEO compensation concerns, and production slowdowns. Technical analysis shows a bearish trend, and Boeing's valuation is high compared to Airbus (OTCPK:EADSF, OTCPK:EADSY) and Lockheed Martin (NYSE:LMT).

Portfolio Pulse from Surbhi Jain

April 09, 2024 | 7:10 pm

DKNG

FLUT

NCAA President Charlie Baker criticized college prop betting, particularly highlighting the focus on Caitlin Clark's performance, as problematic. DraftKings Inc. (DKNG) shares dropped, while Flutter Entertainment PLC (FLUT), FanDuel's parent company, saw a rise in its stock. Baker's concerns include the potential for harassment of student-athletes by bettors and the risk of fixed bets compromising game integrity. Despite these issues, companies like DraftKings and FanDuel continue to see financial growth.

Portfolio Pulse from Anthony Noto

April 09, 2024 | 6:27 pm

BA

SPY

Senator Blumenthal is set to hold a hearing on April 17 with a Boeing whistleblower to discuss the company's safety culture, according to a spokesperson for Blumenthal, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 5:14 pm

SPY

A New York judge has denied former President Donald Trump's request to delay his hush money trial while he appeals a gag order, according to Reuters. This decision could have implications for Trump's legal battles and public perception.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 4:27 pm

BA

The Federal Aviation Administration (F.A.A.) is investigating claims made by a whistle-blower regarding flaws in Boeing's 787 Dreamliner. The whistle-blower has raised concerns about potential safety issues, prompting the F.A.A. to look into the matter closely.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 4:13 pm