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Legal

CI

The Cigna Group (NYSE:CI) has settled pending legal issues related to past Medicare Advantage risk adjustment practices. The company will pay approximately $172 million under agreements with the federal government, resolving a False Claims Act lawsuit and an investigation related to past risk adjustment submissions. This allows the company to move beyond industry-wide legal disputes and focus on delivering value to customers and taxpayers.

Portfolio Pulse from Charles Gross

September 30, 2023 | 1:14 pm

CI

The Cigna Group (NYSE:CI) has settled legal issues related to past Medicare Advantage risk adjustment practices. The company will pay approximately $172 million under agreements with the federal government. This resolves a False Claims Act lawsuit and an investigation related to past risk adjustment submissions from certain types of patient records.

Portfolio Pulse from Charles Gross

September 30, 2023 | 1:07 pm

CGC

CMCSA

F

GM

META

TSLA

USO

Benzinga's weekly review highlights both bullish and bearish prospects for several stocks. Bullish prospects include Meta Platforms Inc.'s new AI Smart Glasses, potential market strategies in the U.S. cannabis industry by Canopy Growth Corp., SNDL Inc., and Village Farms International Inc., and a potential surge in oil prices impacting the United States Oil Fund. Bearish prospects include a potential treason investigation into Comcast Corp., mixed reactions to Tesla Inc.'s Cybertruck, and escalating strikes against General Motors Co. and Ford Motor Co. by the United Auto Workers union.

Portfolio Pulse from Michael Cohen

September 30, 2023 | 1:06 pm

AAPL

Eric Trump, son of Donald Trump, has accused Apple Inc. (NASDAQ: AAPL) of 'shadow banning' his wife Lara Trump's newly released song cover. 'Shadow banning' refers to the deliberate suppression of online content by social media companies to limit its engagement. The song, a cover of Tom Petty's 'I Won't Back Down', is allegedly being suppressed on Apple's platform, making it unsearchable unless Lara Trump's full name is used.

Portfolio Pulse from Navdeep Yadav

September 30, 2023 | 2:38 am

HOOD

Robinhood Markets, Inc. is working to resolve certain historical legal and regulatory matters, as disclosed in its Form 10-Q filed on August 3, 2023. The company expects to accrue an expense of approximately $100M in Q3 2023.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 9:01 pm

PFE

Pfizer shares are trading higher following the suspension of a patent trial against BioNTech by CureVac in a German court.

Portfolio Pulse from Bill Haddad

September 29, 2023 | 6:07 pm

BNTX

BioNTech shares are trading higher after a German court suspended a patent trial against the company by CureVac.

Portfolio Pulse from Bill Haddad

September 29, 2023 | 6:07 pm

AMZN

The US Labor Board has accused Amazon (AMZN) of violating a nationwide worker rights settlement. The specifics of the violation were not detailed in the article.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 5:59 pm

BJ

BJ's Wholesale Club has agreed to pay a $9 million civil penalty for failing to immediately report portable air conditioners that posed burn and fire hazards.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 5:55 pm

WETG

A derivative lawsuit has been filed against certain officers and directors of WeTrade by some shareholders. The suit alleges that the defendants were not directors of the company as of June 30 and that some share issuances were unauthorized.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 4:17 pm