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MEDIF

TLRY

MediPharm Labs Corp. has settled a commercial agreement dispute with Tilray's Hexo for $9 million. The dispute was over a long-term supply agreement for cannabis concentrates. As part of the settlement, Hexo will abandon its appeal against MediPharm. The settlement includes a $3 million immediate cash payment, $4.5 million in Tilray common shares, $1 million in Tilray cannabis products, and a $500,000 supply agreement to provide Tilray with MediPharm products and services over four years.

Portfolio Pulse from Nina Zdinjak

October 02, 2023 | 1:49 pm

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CURLF

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LFLY

MMNFF

New York State Senator Liz Krueger claims that large corporations are causing challenges for the state's cannabis program. She suggests that these corporations are trying to dominate the industry and are behind many lawsuits slowing the market roll-out. Among the public companies operating in New York's medical marijuana sector are The Cannabist Company Holdings Inc (CCHWF), Curaleaf Holdings (CURLF), MedMen Enterprises (MMNFF), and Acreage Holdings (ACRHF). Other companies involved in lawsuits include Green Thumb Industries (GTBIF) and Leafly Holdings (LFLY).

Portfolio Pulse from Nina Zdinjak

October 02, 2023 | 1:15 pm

AAOI

Applied Optoelectronics, Inc. (NASDAQ:AAOI) has amended its previously filed patent infringement lawsuit, alleging that certain 100G QSFP28 PSM4, 100G QSFP CWDM4, and 400G QSFP-DD DR4+ products infringe one or more of six AOI patents.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 11:06 am

NVDA

EU antitrust regulators have not initiated a formal investigation into chips used for artificial intelligence, despite last week's raid by the French Competition Authority on Nvidia over alleged anti-competitive practices.

Portfolio Pulse from Charles Gross

October 02, 2023 | 10:12 am

TSLA

The weekend's top stories included Mary Trump's insights on Donald Trump's influence, Vivek Ramaswamy's nanny hunt, an auction of a Tesla Cybertruck, Hunter Biden's legal fees, and a proposal to cut Defense Secretary Lloyd Austin's salary. The auction of a Tesla Cybertruck at the Petersen Automotive Museum has sparked speculation among fans.

Portfolio Pulse from Benzinga Neuro

October 02, 2023 | 9:47 am

AAPL

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MSFT

Microsoft CEO, Satya Nadella, is set to testify in the ongoing Google antitrust trial. The DOJ alleges that Google's search division maintained a monopoly through annual payments of $10 billion to secure its search engine as the default choice on mobile devices and web browsers. Microsoft's business development executive, Jonathan Tinter, testified that Microsoft failed to secure a deal to feature its Bing search app on Apple's products despite offering more favorable terms than Google.

Portfolio Pulse from Ananya Gairola

October 02, 2023 | 6:35 am

BTCUSD

Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, is facing federal fraud charges. The trial is set to commence this week. Bankman-Fried is accused of misusing $8 billion of investors’ money. He maintains his innocence and is even willing to decline a plea deal of six months of house arrest. If convicted, he faces a lengthy prison sentence exceeding 100 years. Bitcoin (CRYPTO: BTC) was trading at $28,047.06 up 3.88% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

October 02, 2023 | 5:41 am

AAPL

GOOG

GOOGL

This week in Apple Inc. (NASDAQ:AAPL) news, the company's latest iPhone 15 series has been praised for its desktop-like capabilities, but also criticized for overheating issues. Apple defended its $19 billion deal with Google (NASDAQ:GOOG) (NASDAQ:GOOGL) in an ongoing antitrust case. A deal on the 15-inch MacBook Air M2 was announced, offering a $200 discount. Additionally, Sam Altman of OpenAI, former Apple designer Sir Jony Ive, and SoftBank’s Masayoshi Son are reportedly discussing an AI venture.

Portfolio Pulse from Benzinga Neuro

October 01, 2023 | 1:01 pm

TCNNF

Harvest of Ohio has responded to allegations of loan default by Trulieve Cannabis Corp (OTCQX:TCNNF) and its subsidiaries, accusing them of orchestrating an unlawful enterprise to execute a hostile takeover of their business. The response alleges predatory practices, underfunding, and misleading state regulators. The case is now pending in the Ohio Court of Common Pleas.

Portfolio Pulse from Joana Scopel

October 01, 2023 | 2:51 am

ETHUSD

About 2,500 Ethereum (ETH), previously linked to an FTX account, started showing activity, raising eyebrows within the cryptocurrency community. The funds were split and transferred using various tools. This comes as Sam Bankman-Fried, who headed FTX, is preparing for a trial in the U.S. on allegations of fraud and conspiracy to commit fraud.

Portfolio Pulse from Bibhu Pattnaik

September 30, 2023 | 6:18 pm