Streetbeat News

Legal

TCMD

Senator Tina Smith reported purchasing $100,001 - $250,000 worth of Tactile Systems Tech (NASDAQ:TCMD) stock on November 20, 2023. The STOCK Act prohibits using private information for personal gain and requires Congress members to disclose transactions. TCMD shares rose 2.53% to $12.96 following the news.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 3:05 pm

BNTX

MRNA

PFE

The European Patent Office declared a Moderna mRNA patent invalid, favoring BioNTech and Pfizer in a patent dispute. Moderna's shares fell 2.3% premarket after the announcement. Moderna plans to appeal the decision. BioNTech welcomed the ruling, stating the patent did not meet grant requirements. Moderna has sued BioNTech in Germany, claiming patent infringement on its mRNA technology.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:28 pm

EWU

SPHR

Sphere Entertainment has been formally notified by the Mayor of London that its planning application for the Sphere venue in Stratford, London, was not approved. This decision may impact the company's expansion plans in the UK.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:21 pm

SGN

Signing Day Sports, Inc. (SGN) is focusing on growth and partnerships, leveraging its app for high school athlete recruitment. The app supports multiple sports and aims to adapt to more, funded by its IPO proceeds. The company plans to use digital marketing to raise student-athlete awareness and increase user revenue. Amidst a stock price decline since trading on the NYSE American exchange, SGN suspects illegal short selling and has initiated an investigation. The company maintains strong support from legacy stockholders and is committed to advancing student-athlete education and opportunities.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:08 pm

NIR

Near Intelligence's Restructuring Committee terminated the employment of CFO Rahul Agarwal effective immediately, as per an SEC filing on Nov 20.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:37 pm

DOYU

DouYu International Holdings Limited (NASDAQ:DOYU) announced the arrest of CEO and Chairman Shaojie Chen by Chengdu police on November 16, 2023. The company has not received official details regarding the investigation or arrest reasons. DouYu acknowledges that Chen's detention and potential legal proceedings could materially impact its reputation, business, and operational results. Despite this, DouYu continues normal business operations and emphasizes regulatory compliance, with the Board and management focusing on contingency planning.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:58 am

AMZN

Three Amazon Inc. employees have filed a lawsuit alleging gender discrimination and retaliation, claiming women are assigned lower job titles and pay than men in similar roles. The employees raised these issues in 2021, leading to an investigation. Amazon spokesperson Brad Glasser denied the allegations. The lawsuit reflects a broader pattern of gender bias claims in the tech industry, with past allegations at companies like Uber, Pinterest, Apple, and Rivian Automotive.

Portfolio Pulse from Ananya Gairola

November 21, 2023 | 11:47 am

KODK

Eastman Kodak has been granted a new U.S. patent numbered 11822262, which pertains to a registration system for white toner using a sensing system with a colored reflector plate. This innovation could potentially enhance the precision and quality of printing processes involving white toner, a critical component in the printing industry.

Portfolio Pulse from Charles Gross

November 21, 2023 | 11:46 am

AAPL

GOOG

GOOGL

Apple Inc. (AAPL) and Alphabet Inc.'s Google (GOOG, GOOGL) leaders, Tim Cook and Sundar Pichai, expressed a desire for a 'deep, deep partnership' and to 'work as if we are one company' during a 2018 meeting. This aspiration for closer integration of services and overcoming information-sharing reluctance could attract antitrust scrutiny. The news comes amidst an ongoing Google antitrust trial by the US Department of Justice, where Apple's past privacy-focused stance against Google's Android was highlighted.

Portfolio Pulse from Rounak Jain

November 21, 2023 | 9:03 am

META

SNAP

The Senate Judiciary Committee has subpoenaed the CEOs of Discord and Snap Inc (SNAP), along with other tech leaders, to testify on Dec. 6 regarding children's online safety. The committee has expressed concerns over the mental health impact of social media on children and has noted the companies' failures in protecting children online. Meta Platforms Inc.'s (META) CEO, Mark Zuckerberg, and TikTok's CEO are also expected to voluntarily appear. Discord and another unnamed company, referred to as 'X', have shown reluctance to cooperate, prompting the use of the U.S. Marshals Service to serve subpoenas.

Portfolio Pulse from Benzinga Neuro

November 21, 2023 | 6:51 am