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Legal

AMD

HPE

INTC

The European Commission has re-imposed a fine of €376.36 million on Intel Corp (NASDAQ:INTC) for allegedly abusing its dominant position in the x86 CPU market, affecting competitors like Advanced Micro Devices, Inc (NASDAQ:AMD). The initial fine of €1.06 billion was levied in 2009 but was partially annulled in 2022. The new decision focuses on Intel's 'naked restrictions' between 2002 and 2006, where it reportedly paid manufacturers like Hewlett Packard Enterprise Co (NYSE:HPE), Acer, and Lenovo to limit the launch and distribution of products containing competitors' x86 CPUs.

Portfolio Pulse from Anusuya Lahiri

September 22, 2023 | 2:52 pm

LFLY

Leafly, an online cannabis information resource and marketplace, along with Stage One Dispensary and an individual consumer, have filed a legal challenge against certain regulations of the Adult Use Regulations in New York. The court has blocked the enforcement of these regulations against Leafly and fully operational licensed cannabis dispensaries in the state. Leafly is the only third-party platform allowed to continue offering paid advertising services, display retailer product pricing, and transmit orders to licensed cannabis retailers in New York.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 2:31 pm

WBA

Walgreens Boots Alliance Inc (NASDAQ:WBA) is facing a proposed class action lawsuit in Florida federal court for allegedly mislabeling eye drops, misleading consumers about their safety and effectiveness. The lawsuit follows FDA warnings to Walgreens and other companies about the sale and marketing of risky eye care products. The FDA has demanded a rectification plan within 15 days. WBA shares are down 0.02% at $21.45.

Portfolio Pulse from Vandana Singh

September 22, 2023 | 2:28 pm

CITADEL

SPY

The U.S. Securities and Exchange Commission (SEC) has charged Citadel Securities for violating order marking requirements of short sale regulations.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 2:05 pm

SPY

U.S. prosecutors are set to unseal an indictment against New Jersey Senator Robert Menendez, according to the Manhattan U.S. Attorney's Office. The impact on the stock market or specific companies is not clear at this time.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 1:28 pm

GS

The Securities and Exchange Commission (SEC) has announced that Goldman Sachs (GS) will pay $6 million in penalties for providing deficient blue sheet data.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 1:06 pm

INTC

Intel has been fined $400 million by the EU in an antitrust case related to actions taken between 2002 and 2006. The case, which accuses Intel of illegally excluding rivals from the market, was reopened after an initial fine of 1.06 billion euros in 2009 was dismissed last year. The EU watchdog has accused Intel of paying HP, Acer, and Lenovo to halt or delay rival products.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 12:17 pm

PRKR

QCOM

ParkerVision, Inc. (OTCQB:PRKR) announced that the United States Court of Appeals for the Federal Circuit has scheduled oral arguments for November 6, 2023, in the patent infringement case ParkerVision v. Qualcomm (Case No. 2022-1755). The appeal was filed by ParkerVision in April 2022 following a summary judgment ruling by the U.S. District Court in Florida.

Portfolio Pulse from Charles Gross

September 22, 2023 | 11:04 am